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Driven Brands
DRVN

159 hedge funds and large institutions have $800M invested in Driven Brands in 2024 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 66 increasing their positions, 51 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

140% more call options, than puts

Call options by funds: $1.18M | Put options by funds: $492K

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

29% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 51

1.28% more ownership

Funds ownership: 37.1% → 38.38% (+1.3%)

6% less funds holding

Funds holding: 169 → 159 (-10)

17% less capital invested

Capital invested by funds: $960M → $800M (-$159M)

21% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 38

Holders
159
Holders Change
-10
Holders Change %
-5.92%
% of All Funds
2.3%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
30
Increased
66
Reduced
51
Closed
38
Calls
$1.18M
Puts
$492K
Net Calls
+$689K
Net Calls Change
-$1.52M

Top Buyers

Rank Fund Capital Flow
1
HVCM
HG Vora Capital Management
New York
+$24.7M
2
Deutsche Bank
Deutsche Bank
Germany
+$18.8M
3
BlackRock
BlackRock
New York
+$18.5M
4
OFCM
One Fin Capital Management
California
+$17.7M
5
BAMCO Inc
BAMCO Inc
New York
+$12.7M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$32.3M
2
TCM
TimesSquare Capital Management
New York
-$17.9M
3
Morgan Stanley
Morgan Stanley
New York
-$16.8M
4
HRCM
Hood River Capital Management
Florida
-$13.3M
5
SCM
Scopia Capital Management
New York
-$12.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
26
Dimensional Fund Advisors
Texas
$5.4M -$279K -22,034 -5%
Northern Trust
27
Northern Trust
Illinois
$3.67M +$57.9K +4,572 +2%
CM
28
CastleKnight Management
New York
$3.34M +$1.47M +116,500 +80%
Squarepoint
29
Squarepoint
New York
$3.07M +$405K +31,978 +15%
Verition Fund Management
30
Verition Fund Management
Connecticut
$3.06M +$1.11M +87,879 +58%
Bank of Nova Scotia
31
Bank of Nova Scotia
Ontario, Canada
$2.98M +$2.96M +233,824 New
Bank of New York Mellon
32
Bank of New York Mellon
New York
$2.97M +$830K +65,567 +39%
KIM
33
Kestrel Investment Management
California
$2.72M – – –
LCM
34
Landscape Capital Management
New Jersey
$2.67M +$2.65M +209,496 New
TI
35
Trexquant Investment
Connecticut
$2.4M +$444K +35,117 +23%
Jane Street
36
Jane Street
New York
$2.31M -$1.7M -133,970 -43%
N
37
Nuveen
North Carolina
$2.3M -$6.96M -549,971 -75%
First Trust Advisors
38
First Trust Advisors
Illinois
$2.29M +$636K +50,221 +39%
Stifel Financial
39
Stifel Financial
Missouri
$2.29M +$388K +30,680 +21%
Russell Investments Group
40
Russell Investments Group
United Kingdom
$2.11M -$843K -66,618 -29%
Barclays
41
Barclays
United Kingdom
$1.92M +$309K +24,450 +19%
BFM
42
Boothbay Fund Management
New York
$1.79M -$1.28M -100,826 -42%
Swiss National Bank
43
Swiss National Bank
Switzerland
$1.65M – – –
IP
44
Interval Partners
New York
$1.63M -$5.72M -451,881 -78%
Invesco
45
Invesco
Georgia
$1.58M -$299K -23,594 -16%
SG Americas Securities
46
SG Americas Securities
New York
$1.57M +$1.25M +98,662 +397%
UBS AM
47
UBS AM
Illinois
$1.42M +$490K +38,700 +53%
UBS Group
48
UBS Group
Switzerland
$1.38M -$1.88M -148,648 -58%
Cambridge Investment Research Advisors
49
Cambridge Investment Research Advisors
Iowa
$1.26M +$78K +6,159 +7%
GAM
50
Gotham Asset Management
New York
$1.23M -$163K -12,867 -12%
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DRVN Hedge Fund Activity: Q2 2024 in Review

159 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Driven Brands (DRVN) for Q2 2024, worth a combined $800M — down 17% from $960M a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of DRVN and 30 opened new positions — a net loss of 8 holders — while 51 trimmed existing stakes and 66 added.

The largest buyer was HG Vora Capital Management, adding an estimated $24.7M. The largest seller was Millennium Management, cutting an estimated $32.3M.

  • 159 institutional investors held Driven Brands (DRVN) as of Q2 2024, down from 169 in Q1 2024.
  • Funds reported $800M of Driven Brands stock for Q2 2024, down 17% quarter-over-quarter.
  • 30 funds opened new Driven Brands positions in Q2 2024 and 38 closed out, a net change of -8 holders.
  • The largest Driven Brands buyer in Q2 2024 was HG Vora Capital Management, an estimated $24.7M added.
  • The largest Driven Brands seller in Q2 2024 was Millennium Management, an estimated $32.3M sold.

Based on aggregated 13F filings for Q2 2024.