Direct Digital Holdings
DRCT
29 hedge funds and large institutions have $8.05M invested in Direct Digital Holdings in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 4 increasing their positions, 9 reducing their positions, and 5 closing their positions.
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
21% more funds holding
Funds holding: 24 → 29 (+5)
0.01% less ownership
Funds ownership: 0.09% → 0.08% (-0.01%)
7% less capital invested
Capital invested by funds: $8.67M → $8.05M (-$616K)
56% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$795K |
| 2 |
Millennium Management
New York
|
+$396K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$334K |
| 4 |
Goldman Sachs
New York
|
+$292K |
| 5 |
BlackRock
New York
|
+$246K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$1.16M |
| 2 |
Renaissance Technologies
New York
|
-$633K |
| 3 |
CA
Cetera Advisors
Denver,
Colorado
|
-$447K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$404K |
| 5 |
JP Morgan Chase
New York
|
-$200K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MIM
26
Macroview Investment Management
Bethesda,
Maryland
| $7.79K | +$7.69K | +2 | New |
|
|
SHIM
27
Stone House Investment Management
Tunkhannock,
Pennsylvania
| $7.39K | – | – | – |
|
28
Bank of America
Charlotte,
North Carolina
| $3.4K | – | – | – |
|
29
Wells Fargo
San Francisco,
California
| $351 | – | – | – |
|
30
Macquarie Group
Sydney, NSW 2000,
Australia
| $2 | +$3.84K | +1 | New |
|
|
IECM
31
Intrinsic Edge Capital Management
Chicago,
Illinois
| – | -$1.16M | -353 | Closed |
|
|
32
Renaissance Technologies
New York
| – | -$633K | -193 | Closed |
|
|
CA
33
Cetera Advisors
Denver,
Colorado
| – | -$447K | -137 | Closed |
|
|
RJA
34
Raymond James & Associates
St Petersburg,
Florida
| – | -$404K | -124 | Closed |
|
35
Two Sigma Investments
New York
| – | -$157K | -48 | Closed |
|
DRCT Hedge Fund Activity: Q1 2024 in Review
29 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Direct Digital Holdings (DRCT) for Q1 2024, worth a combined $8.05M — down 7.1% from $8.67M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new DRCT positions and 5 closed out — a net gain of 5 holders — while 4 added to existing stakes and 9 trimmed.
The largest buyer was Ameriprise, opening a new position worth an estimated $795K. The largest seller was Intrinsic Edge Capital Management, exiting entirely with an estimated $1.16M sold.
- 29 institutional investors held Direct Digital Holdings (DRCT) as of Q1 2024, up from 24 in Q4 2023.
- Funds reported $8.05M of Direct Digital Holdings stock for Q1 2024, down 7.1% quarter-over-quarter.
- 10 funds opened new Direct Digital Holdings positions in Q1 2024 and 5 closed out, a net change of +5 holders.
- The largest Direct Digital Holdings buyer in Q1 2024 was Ameriprise, an estimated $795K added.
- The largest Direct Digital Holdings seller in Q1 2024 was Intrinsic Edge Capital Management, an estimated $1.16M sold.
Based on aggregated 13F filings for Q1 2024.