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Driven Brands

183 hedge funds and large institutions have $853M invested in Driven Brands in 2023 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 70 increasing their positions, 60 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

455% more call options, than puts

Call options by funds: $2.07M | Put options by funds: $373K

200% more funds holding in top 10

Funds holding in top 10: 13 (+2)

39% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 28

23% more capital invested

Capital invested by funds: $696M → $853M (+$157M)

17% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 60

5% more funds holding

Funds holding: 174183 (+9)

3.67% more ownership

Funds ownership: 32.81%36.48% (+3.7%)

Holders
183
Holders Change
+9
Holders Change %
+5.17%
% of All Funds
2.67%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.04%
New
39
Increased
70
Reduced
60
Closed
28
Calls
$2.07M
Puts
$373K
Net Calls
+$1.7M
Net Calls Change
-$5.16M
Name Holding Trade Value Shares
Change
Change in
Stake
CSS
26
Cubist Systematic Strategies
Connecticut
$5.67M -$1.09M -87,703 -18%
Charles Schwab
27
Charles Schwab
California
$5.06M +$215K +17,252 +5%
Jane Street
28
Jane Street
New York
$4.8M +$387K +31,007 +10%
SCM
29
Simcoe Capital Management
New York
$4.78M +$4.18M +335,330 New
Goldman Sachs
30
Goldman Sachs
New York
$4.68M -$3.55M -284,357 -46%
RA
31
Royce & Associates
New York
$4.53M +$2.38M +190,653 +150%
Northern Trust
32
Northern Trust
Illinois
$4.21M -$53.2K -4,271 -1%
Jacobs Levy Equity Management
33
Jacobs Levy Equity Management
New Jersey
$4.15M +$3.63M +291,229 New
TI
34
Trexquant Investment
Connecticut
$4.05M -$87.6K -7,029 -2%
Squarepoint
35
Squarepoint
New York
$3.47M -$243K -19,461 -7%
Russell Investments Group
36
Russell Investments Group
United Kingdom
$3.31M +$1.27M +101,535 +78%
KIM
37
Kestrel Investment Management
California
$3.07M +$2.68M +215,100 New
GAM
38
Gotham Asset Management
New York
$2.96M +$143K +11,453 +6%
EP
39
Edgestream Partners
New Jersey
$2.85M +$1.21M +97,170 +95%
JF
40
Jump Financial
Illinois
$2.76M -$222K -17,795 -8%
Bank of New York Mellon
41
Bank of New York Mellon
New York
$2.66M -$269K -21,552 -10%
GCM
42
Graham Capital Management
Connecticut
$2.59M -$235K -18,826 -9%
Luther King Capital Management (LKCM)
43
Luther King Capital Management (LKCM)
Texas
$2.55M +$1.61M +129,062 +261%
Walleye Capital
44
Walleye Capital
New York
$2.44M -$1.39M -111,386 -39%
Deutsche Bank
45
Deutsche Bank
Germany
$2.38M +$2.05M +164,516 +6,272%
ACM
46
Aquatic Capital Management
Illinois
$2.34M +$753K +60,400 +58%
GC
47
Grizzlyrock Capital
Illinois
$2.31M +$2.02M +162,056 New
N
48
Numerai
California
$2.28M +$188K +15,049 +10%
CM
49
CastleKnight Management
New York
$2.08M +$185K +14,800 +11%
Voloridge Investment Management
50
Voloridge Investment Management
Florida
$1.92M +$270K +21,629 +19%

DRVN Hedge Fund Activity: Q4 2023 in Review

183 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Driven Brands (DRVN) for Q4 2023, worth a combined $853M — up 23% from $696M a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new DRVN positions and 28 closed out — a net gain of 11 holders — while 70 added to existing stakes and 60 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $48.5M. The largest seller was Citadel Advisors, cutting an estimated $22.6M.

  • 183 institutional investors held Driven Brands (DRVN) as of Q4 2023, up from 174 in Q3 2023.
  • Funds reported $853M of Driven Brands stock for Q4 2023, up 23% quarter-over-quarter.
  • 39 funds opened new Driven Brands positions in Q4 2023 and 28 closed out, a net change of +11 holders.
  • The largest Driven Brands buyer in Q4 2023 was Morgan Stanley, an estimated $48.5M added.
  • The largest Driven Brands seller in Q4 2023 was Citadel Advisors, an estimated $22.6M sold.

Based on aggregated 13F filings for Q4 2023.