System1
36 hedge funds and large institutions have $193M invested in System1 in 2022 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 11 closing their positions.
160% more call options, than puts
Call options by funds: $33.4M | Put options by funds: $12.8M
36% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 11
13% more funds holding
Funds holding: 32 → 36 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.5% less ownership
Funds ownership: 3.56% → 3.06% (-0.5%)
30% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 10
54% less capital invested
Capital invested by funds: $421M → $193M (-$228M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$7.25M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
+$2.16M |
| 3 |
PRCP
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
|
+$923K |
| 4 |
Verition Fund Management
Greenwich,
Connecticut
|
+$847K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$792K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CH
Cannae Holdings
Las Vegas,
Nevada
|
-$21.8M |
| 2 |
Millennium Management
New York
|
-$2.87M |
| 3 |
D.E. Shaw & Co
New York
|
-$1.57M |
| 4 |
Simplex Trading
Chicago,
Illinois
|
-$1.27M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$1.19M |
SST Hedge Fund Activity: Q2 2022 in Review
36 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in System1 (SST) for Q2 2022, worth a combined $193M — down 54% from $421M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new SST positions and 11 closed out — a net gain of 4 holders — while 7 added to existing stakes and 10 trimmed.
The largest buyer was Invesco, opening a new position worth an estimated $7.25M. The largest seller was Cannae Holdings, cutting an estimated $21.8M.
- 36 institutional investors held System1 (SST) as of Q2 2022, up from 32 in Q1 2022.
- Funds reported $193M of System1 stock for Q2 2022, down 54% quarter-over-quarter.
- 15 funds opened new System1 positions in Q2 2022 and 11 closed out, a net change of +4 holders.
- The largest System1 buyer in Q2 2022 was Invesco, an estimated $7.25M added.
- The largest System1 seller in Q2 2022 was Cannae Holdings, an estimated $21.8M sold.
Based on aggregated 13F filings for Q2 2022.