Direct Digital Holdings
DRCT
12 hedge funds and large institutions have $837K invested in Direct Digital Holdings in 2023 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 3 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
9% more funds holding
Funds holding: 11 → 12 (+1)
0% more ownership
Funds ownership: 0.05% → 0.05% (+0%)
5% less capital invested
Capital invested by funds: $880K → $837K (-$43.3K)
33% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Warberg Asset Management
Winnetka,
Illinois
|
+$76K |
| 2 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$50.9K |
| 3 |
PCM
Perritt Capital Management
Chicago,
Illinois
|
+$31.9K |
| 4 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
+$5.03K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$4.47K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$81K |
| 2 |
Two Sigma Investments
New York
|
-$36.6K |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
-$6.71K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.21K |
| 5 |
BlackRock
New York
|
-$1.12K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
1
Vanguard Group
Malvern,
Pennsylvania
| $315K | – | – | – |
|
|
PCM
2
Perritt Capital Management
Chicago,
Illinois
| $134K | +$31.9K | +57 | +31% |
|
|
3
Renaissance Technologies
New York
| $104K | -$81K | -145 | -44% |
|
|
WAM
4
Warberg Asset Management
Winnetka,
Illinois
| $76.5K | +$76K | +136 | New |
|
|
5
Geode Capital Management
Boston,
Massachusetts
| $61.5K | -$6.71K | -12 | -10% |
|
|
CAM
6
Cresset Asset Management
Chicago,
Illinois
| $51.2K | +$50.9K | +91 | New |
|
7
State Street
Boston,
Massachusetts
| $41.6K | – | – | – |
|
|
8
BlackRock
New York
| $15.4K | -$1.12K | -2 | -7% |
|
9
Morgan Stanley
New York
| $15.3K | – | – | – |
|
|
TRCT
10
Tower Research Capital (TRC)
New York
| $12.3K | +$4.47K | +8 | +57% |
|
|
GWM
11
Geneos Wealth Management
Englewood,
Colorado
| $5.12K | +$5.03K | +9 | New |
|
|
SPIA
12
Steward Partners Investment Advisory
New York
| $4.35K | – | – | – |
|
13
Wells Fargo
San Francisco,
California
| $56 | – | – | – |
|
14
JP Morgan Chase
New York
| $8 | – | – | – |
|
|
15
Two Sigma Investments
New York
| – | -$36.6K | -58 | Closed |
|
|
16
UBS Group
Zurich,
Switzerland
| – | -$1.21K | -2 | Closed |
|
DRCT Hedge Fund Activity: Q3 2023 in Review
12 of the 6,303 institutional investors tracked by Wall St. Rank reported a position in Direct Digital Holdings (DRCT) for Q3 2023, worth a combined $837K — down 4.9% from $880K a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new DRCT positions and 2 closed out — a net gain of 1 holder — while 2 added to existing stakes and 3 trimmed.
The largest buyer was Warberg Asset Management, opening a new position worth an estimated $76K. The largest seller was Renaissance Technologies, cutting an estimated $81K.
- 12 institutional investors held Direct Digital Holdings (DRCT) as of Q3 2023, up from 11 in Q2 2023.
- Funds reported $837K of Direct Digital Holdings stock for Q3 2023, down 4.9% quarter-over-quarter.
- 3 funds opened new Direct Digital Holdings positions in Q3 2023 and 2 closed out, a net change of +1 holder.
- The largest Direct Digital Holdings buyer in Q3 2023 was Warberg Asset Management, an estimated $76K added.
- The largest Direct Digital Holdings seller in Q3 2023 was Renaissance Technologies, an estimated $81K sold.
Based on aggregated 13F filings for Q3 2023.