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Institutional Ownership · SEC Form 13F

Who owns System1, Inc. (SST)


Which tracked institutional funds hold SST, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SST company fundamentals →

Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.

25
Institutional holders
827K
Shares held (tracked funds)

How the tape is positioned

The tracked-fund tape on SST is one-sided between 2025-Q4 and 2026-Q1: 0 added or opened and 1 trimmed or exited — on balance reducing.

A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.

Conviction spread

SST’s largest tracked holder by dollar value, TENOR CAPITAL MANAGEMENT Co., L.P., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.

Book-share is each fund’s reported value in SST divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.

Institutional & insider positioning

Between 2025-Q4 and 2026-Q1, across 25 tracked filers holding SST, 10 increased or opened the position and 11 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.

This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.

New buyers & exits

Funds opening or closing a position in SST between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.

Largest trims

  • Cannae Holdings, Inc.$321K

Institutional holders

One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.

FundSharesReported value% of valueQuarter
TENOR CAPITAL MANAGEMENT Co., L.P.60,750$1M23.4%2025-Q1
Cannae Holdings, Inc.356,797$1M20.9%2026-Q1
BANK OF AMERICA CORP /DE/ trimmed161,519$488K9.5%2026-Q1
Cerity Partners LLC116,844$353K6.8%2026-Q1
MARSHALL WACE, LLP trimmed36,271$255K4.9%2025-Q3
VANGUARD GROUP INC46,933$184K3.6%2025-Q4
JANE STREET GROUP, LLC trimmed31,681$175K3.4%2025-Q2
VANGUARD CAPITAL MANAGEMENT LLC new37,132$112K2.2%2026-Q1
MILLENNIUM MANAGEMENT LLC trimmed32,619$99K1.9%2026-Q1
NORTHERN TRUST CORP added229,125$87K1.7%2025-Q1
Motley Fool Asset Management LLC trimmed14,677$85K1.7%2025-Q2
BlackRock, Inc.24,247$73K1.4%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added23,839$72K1.4%2026-Q1
SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed12,374$68K1.3%2025-Q2
HRT FINANCIAL LP trimmed11,870$65K1.3%2025-Q2
Oasis Management Co Ltd.160,000$61K1.2%2025-Q1
NINE MASTS CAPITAL Ltd new18,548$56K1.1%2026-Q1
DEUTSCHE BANK AG\146,110$56K1.1%2025-Q1
RENAISSANCE TECHNOLOGIES LLC trimmed18,320$55K1.1%2026-Q1
CITADEL ADVISORS LLC added12,759$50K1.0%2025-Q4
XTX Topco Ltd trimmed12,376$49K0.9%2025-Q4
GSA CAPITAL PARTNERS LLP new118,709$45K0.9%2025-Q1
BARCLAYS PLC added38,866$44K0.8%2025-Q3
STATE STREET CORP11,502$35K0.7%2026-Q1
BRIDGEWAY CAPITAL MANAGEMENT, LLC trimmed76,300$29K0.6%2025-Q1
VANGUARD FIDUCIARY TRUST CO new9,141$28K0.5%2026-Q1
Tower Research Capital LLC (TRC) added7,332$22K0.4%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC54,967$21K0.4%2025-Q1
Bank of New York Mellon Corp50,368$19K0.4%2025-Q1
Nuveen, LLC new50,329$19K0.4%2025-Q1
JPMORGAN CHASE & CO added5,890$18K0.4%2026-Q1
LMR Partners LLP902,720$18K0.3%2025-Q1
GOLDMAN SACHS GROUP INC trimmed28,256$11K0.2%2025-Q1
AQR CAPITAL MANAGEMENT LLC added28,016$11K0.2%2025-Q1
SUMMIT SECURITIES GROUP LLC added1,849$10K0.2%2025-Q2
SG Americas Securities, LLC added23,451$9K0.2%2025-Q1
NEW YORK STATE COMMON RETIREMENT FUND22,489$9K0.2%2025-Q1
ARBOR TRUST WEALTH ADVISORS, LLC20,950$8K0.2%2025-Q1
PRICE T ROWE ASSOCIATES INC /MD/17,596$7K0.1%2025-Q1
SEI INVESTMENTS CO16,217$6K0.1%2025-Q1
EVOKE WEALTH, LLC added15,047$6K0.1%2025-Q1
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added14,035$5K0.1%2025-Q1
WELLS FARGO & COMPANY/MN trimmed891$5K0.1%2025-Q2
AIRE ADVISORS, LLC12,000$5K0.1%2025-Q1
Corebridge Financial, Inc. added11,795$4K0.1%2025-Q1
FMR LLC trimmed1,105$4K0.1%2025-Q4
Invesco Ltd.11,171$4K0.1%2025-Q1
UBS Group AG added1,324$4K0.1%2026-Q1
StoneX Group Inc. new225,806$3K0.1%2025-Q1
D. E. Shaw & Co., Inc.126,079$3K0.0%2025-Q1
WOLVERINE ASSET MANAGEMENT LLC119,850$2K0.0%2025-Q1
Vanguard Global Advisers, LLC new660$2K0.0%2026-Q1
MOORE CAPITAL MANAGEMENT, LP100,000$2K0.0%2025-Q1
MORGAN STANLEY trimmed439$2K0.0%2025-Q4
MISSION WEALTH MANAGEMENT, LP77,444$1K0.0%2025-Q1
Legal & General Group Plc3,041$1K0.0%2025-Q1
Boussard & Gavaudan Investment Management LLP56,666$1K0.0%2025-Q2
Physician Wealth Advisors, Inc. new301$9100.0%2026-Q1
Farther Finance Advisors, LLC150$7830.0%2026-Q1
Ameritas Investment Partners, Inc.2,046$7800.0%2025-Q1
GROUP ONE TRADING LLC trimmed223$6730.0%2026-Q1
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM1,697$6470.0%2025-Q1
GAMMA Investing LLC added76$5350.0%2025-Q3
NISA INVESTMENT ADVISORS, LLC64$4510.0%2025-Q3
CWM, LLC trimmed114$3440.0%2026-Q1
Strategic Wealth Partners, Ltd.100$3020.0%2026-Q1
SHP Wealth Management new100$3020.0%2026-Q1
CITIGROUP INC added38$2670.0%2025-Q3
BNP PARIBAS FINANCIAL MARKETS86$2600.0%2026-Q1
Savvy Advisors, Inc.16,995$2550.0%2025-Q1
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND8,350$2090.0%2025-Q2
SBI Securities Co., Ltd.60$1810.0%2026-Q1
OSAIC HOLDINGS, INC.35$1050.0%2026-Q1
Russell Investments Group, Ltd. trimmed17$940.0%2025-Q2
EverSource Wealth Advisors, LLC trimmed11$610.0%2025-Q2
West Branch Capital LLC115$510.0%2025-Q3
Steward Partners Investment Advisory, LLC1,062$260.0%2025-Q2
Sterling Capital Management LLC24$90.0%2025-Q1
Essential Partners LLC new1$60.0%2025-Q2
CONCOURSE FINANCIAL GROUP SECURITIES, INC.00.0%2025-Q2
DUPONT CAPITAL MANAGEMENT CORP10.0%2025-Q1
ROYAL BANK OF CANADA trimmed390.0%2026-Q1
RHUMBLINE ADVISERS00.0%2025-Q3
AMALGAMATED BANK8350.0%2025-Q1

Ownership over time

Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.

HoldersTotal shares

Reading this table

Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.

About 13F filings

A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.

Learn how to read institutional ownership