Root, Inc.

ROOT • NASDAQ

Root, Inc. is a insurance - property & casualty company in the financial services sector on NASDAQ, led by Dan Rosenthal, with a market cap of $1.3B. As of Q3 2025, 61% of shares are held by 181 institutional investors, with Ribbit Management Company, LLC as the largest holder at 7.98%.

CEODan Rosenthal

Market Cap$1.3B

Insurance - Property & Casualty

Financial Services

Employees680.0

Websiteir.joinroot.com

Country

United States of America

Overview

Overview of institutional ownership in ROOT as of Q3 2025 with a market cap of $1.4B

All Institutions

Institutions: 181
Value Held: $848.3M
Shares Held: 9.5M
Avg Position: $4.7M
Median Position: $588.5K

Hedge Funds

Hedge Funds: 25
Value Held: $93.2M
Shares Held: 1.0M
Avg Position: $3.7M
Median Position: $1.3M

Ownership Breakdown

Institutional (non-HF)

54.61%

$755.1M

Hedge Funds

6.74%

$93.2M

Retail & Other

38.65%

$534.4M

Based on market cap of $1.4B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ROOT as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
R Ribbit Management Company, LLC Institution	-	$110.3M 5.27% of portfolio	7.98% 1.2M shares	Q4 2023 Held for 1y 11m	$2.1B
B BlackRock, Inc. Institution	-	$82.6M 0.00% of portfolio	5.97% 922.4K shares	Q4 2020 Held for 4y 11m	$5.67T
T T. Rowe Price Investment Management, Inc. Insurance Manager	John Edward Robison President	$78.1M 0.05% of portfolio	5.65% 872.2K shares	Q1 2024 Held for 1y 8m	$161.58B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$64.9M 0.00% of portfolio	4.69% 724.5K shares	Q4 2020 Held for 4y 11m	$6.69T
Capital Research Global Investors RIA/Wealth	Sardar Sheraz Iftikhar CEO	$44.5M 0.01% of portfolio	3.21% 496.6K shares	Q1 2025 Held for 8 months	$532.36B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	David Allen Lippe CEO	$29.9M 0.04% of portfolio	2.16% 333.6K shares	Q4 2021 Held for 3y 11m	$75.8B
A AMERICAN CENTURY COMPANIES INC Institution	-	$27.3M 0.01% of portfolio	1.97% 305.0K shares	Q1 2025 Held for 8 months	$195.93B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$26.7M 0.00% of portfolio	1.93% 298.7K shares	Q4 2020 Held for 4y 11m	$1.57T
G Galileo Ltd Institution	-	$22.6M 2.04% of portfolio	1.64% 252.7K shares	Q1 2022 Held for 3y 8m	$1.1B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$22.0M 0.00% of portfolio	1.59% 245.8K shares	Q4 2020 Held for 4y 11m	$2.88T

Net Capital Flow

Institutional buying and selling activity for ROOT in Q3 2025

Net Flow: −$49.6M
Buyers: 75
Sellers: 106
Total Bought: +$139.5M
Total Sold: −$189.1M
Avg Position: $4.0M

Biggest Buyers

Institution	Net Bought	Current Position
UBS Group AG Institution	+$16.1M +180.3K shares	$20.5M 228.7K shares
B BlackRock, Inc. Institution	+$15.9M +178.1K shares	$82.6M 922.4K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$13.7M +153.3K shares	$15.3M 171.4K shares
VANGUARD GROUP INC Institution	+$13.3M +149.1K shares	$64.9M 724.5K shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$9.1M +101.3K shares	$9.9M 110.4K shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	+$7.0M +78.1K shares	$9.8M 109.3K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$5.7M +64.0K shares	$26.7M 298.7K shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	+$5.6M +63.0K shares	$78.1M 872.2K shares
BANK OF AMERICA CORP /DE/ Institution	+$5.4M +60.6K shares	$8.4M 93.3K shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	+$4.4M +49.0K shares	$15.1M 168.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
E Ensign Peak Advisors, Inc Institution	−$33.8M −264.4K shares	Sold Off 0 shares
FRANKLIN RESOURCES INC Institution	−$18.6M −207.7K shares	$344.9K 3.9K shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	−$16.8M −130.9K shares	Sold Off 0 shares
M Monolith Management Ltd Institution	−$14.1M −110.4K shares	Sold Off 0 shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	−$12.5M −97.6K shares	Sold Off 0 shares
J Jump Financial, LLC Institution	−$8.1M −90.3K shares	$3.9M 44.0K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$6.5M −72.7K shares	$29.9M 333.6K shares
Q Qube Research & Technologies Ltd Institution	−$6.0M −46.8K shares	Sold Off 0 shares
G G2 Investment Partners Management LLC Hedge Fund•Long/Short	−$4.8M −53.1K shares	$608.7K 6.8K shares
A AMERICAN CENTURY COMPANIES INC Institution	−$4.7M −52.2K shares	$27.3M 305.0K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ROOT in Q3 2025

New Positions: 18
New Value: $13.3M
Exited Positions: 56
Exited Value: $121.9M

New Positions

Institution	Position Value
Palisades Investment Partners, LLC RIA/Wealth	$7.3M 81.7K shares
Proem Advisors LLC Hedge Fund•Long/Short	$3.3M 36.6K shares
M MATAURO, LLC RIA/Wealth	$876.1K 9.8K shares
Precision Wealth Strategies, LLC RIA/Wealth	$401.1K 4.5K shares
D DAVIDSON D A & CO Institution	$234.5K 2.6K shares
HIGHLAND CAPITAL MANAGEMENT, LLC Long Only Manager	$218.1K 2.4K shares
Moors & Cabot, Inc. RIA/Wealth	$218.0K 2.4K shares
E Entropy Technologies, LP Hedge Fund•Quant Macro	$214.8K 2.4K shares
D DnB Asset Management AS Institution	$210.9K 2.4K shares
Z Zurcher Kantonalbank Institution	$193.9K 2.2K shares

Exited Positions

Institution	Previous Position
E Ensign Peak Advisors, Inc Institution	$33.8M 264.4K shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	$16.8M 130.9K shares
M Monolith Management Ltd Institution	$14.1M 110.4K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	$12.5M 97.6K shares
Q Qube Research & Technologies Ltd Institution	$6.0M 46.8K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$4.3M 33.6K shares
DISCOVERY CAPITAL MANAGEMENT, LLC / CT Hedge Fund•Global Macro	$3.9M 30.2K shares
EAM Global Investors LLC Long Only Manager	$2.8M 21.6K shares
G General Equity Holdings LP Hedge Fund•Long/Short	$2.5M 19.7K shares
EAM Investors, LLC Long Only Manager	$2.3M 18.1K shares

Options Activity

Institutions with the largest Call and Put options positions in ROOT as of Q3 2025

Call Positions: 13
Call Value: $45.3M
Put Positions: 10
Put Value: $44.2M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$14.6M 1.6K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$11.7M 1.3K contracts
B BlueCrest Capital Management Ltd Institution	$5.2M 576.0 contracts
W WOLVERINE TRADING, LLC Institution	$4.3M 474.0 contracts
J JANE STREET GROUP, LLC Institution	$3.6M 404.0 contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$2.0M 218.0 contracts
D D. E. Shaw & Co., Inc. Institution	$1.6M 176.0 contracts
P PEAK6 LLC Institution	$868.2K 97.0 contracts
C Cubist Systematic Strategies, LLC Institution	$501.3K 56.0 contracts
Walleye Trading LLC RIA/Wealth	$429.6K 48.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$19.0M 2.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$15.3M 1.7K contracts
W WOLVERINE TRADING, LLC Institution	$3.9M 428.0 contracts
J JANE STREET GROUP, LLC Institution	$2.4M 271.0 contracts
Walleye Trading LLC RIA/Wealth	$2.0M 229.0 contracts
C Cubist Systematic Strategies, LLC Institution	$528.1K 59.0 contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$483.4K 54.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$304.3K 34.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$134.3K 15.0 contracts
P PEAK6 LLC Institution	$17.9K 2.0 contracts

Most Committed Institutions

Institutions with ROOT as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
R Ribbit Management Company, LLC Institution	-	5.27% $110.3M	7.98% 1.2M shares	Q4 2023 Held for 1y 11m	$2.1B
Palisades Investment Partners, LLC RIA/Wealth	Quinn R. Stills Managing Partner	2.87% $7.3M	0.53% 81.7K shares	Q3 2025 Held for 2 months	$254.6M
FINDELL CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	Ryan Bradley Voerg CFO	2.49% $5.4M	0.39% 60.0K shares	Q2 2025 Held for 5 months	$215.6M
G Galileo Ltd Institution	-	2.04% $22.6M	1.64% 252.7K shares	Q1 2022 Held for 3y 8m	$1.1B
T Tairen Capital Ltd Institution	-	1.56% $14.4M	1.04% 160.8K shares	Q1 2025 Held for 8 months	$925.2M
Proem Advisors LLC Hedge Fund•Long/Short	Thomas Edward Schmidt CEO	0.79% $3.3M	0.24% 36.6K shares	Q3 2025 Held for 2 months	$415.8M
I IFC Advisors LLC RIA/Wealth	Marc Allen Ackerman CEO	0.74% $4.0M	0.29% 45.0K shares	Q2 2025 Held for 5 months	$545.9M
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Market Neutral	George Demetrios Papadopoulos CFO	0.42% $6.6M	0.48% 73.5K shares	Q1 2024 Held for 1y 8m	$1.6B
Dragoneer Investment Group, LLC Hedge Fund•Long/Short	Marc (Nmn) Stad President	0.30% $13.8M	1.00% 154.3K shares	Q4 2020 Held for 4y 11m	$4.5B
Quinn Opportunity Partners LLC Hedge Fund•Event Driven	Patrick Farley Quinn CCO	0.26% $3.6M	0.26% 40.0K shares	Q4 2024 Held for 11 months	$1.4B

Hedge Fund Spotlight

Discover hedge funds investing in ROOT

ALGERT COLDIRON INVESTORS LLC

Hedge Fund • Quant

Portfolio ManagerRyan Zentner Lafond

Portfolio Value: $6.0B
Positions: 1,110
Last Reported: Q3 2025

Sector Allocation

Position in Root, Inc.

Market Value: $399.2K
Shares Held: 4.5K
Portfolio Weight: 0.01%
Owned Since: 2024-Q2

Top Holding	Sector	Market Value	Weight
1 Nextpower Inc. NXT	Solar Energy	$40.8M	0.68%
2 Mueller Industries MLI	Manufacturing - Metal Fabrication Industrials	$38.9M	0.65%
3 Credo Technology Group Holding Ltd CRDO	Communication Equipment Technology	$38.7M	0.64%