"We're really trying to highlight up-and-coming investment managers that many people have never heard of," SumZero CEO Divya Narendra said Friday on CNBC's "Halftime Report."
Wood's Samsung pitch beat out hundreds of ideas submitted by SumZero's members.
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"It was a phenomenal piece of analysis, one of the most rigorous pitches I've ever seen on SumZero. It was a very impressive piece of work," said Narendra.
Wood defended his pick despite the fact that Samsung pre-announced a challenging quarter.
"I think it's an excellent risk-return here. The one area that is getting mispriced is their memory business. They've been No. 1 in memory for the last 20 years."
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The FactSet Top Idea Tournament is the first contest designed to offer prizes based on research quality as well as the performance of the underlying recommendation.
The second round of the FactSet Top Idea Tournament kicks of Sept. 8 and focuses on short ideas. The deadline to submit ideas is Sept. 22.
—By CNBC's Patricia Martell