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Driven Brands
DRVN

171 hedge funds and large institutions have $904M invested in Driven Brands in 2024 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 58 increasing their positions, 48 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

423% more call options, than puts

Call options by funds: $1.98M | Put options by funds: $379K

48% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 25

21% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 48

13% more capital invested

Capital invested by funds: $800M → $904M (+$104M)

8% more funds holding

Funds holding: 159 → 171 (+12)

0.21% more ownership

Funds ownership: 38.38% → 38.59% (+0.21%)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

Holders
171
Holders Change
+12
Holders Change %
+7.55%
% of All Funds
2.46%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
37
Increased
58
Reduced
48
Closed
25
Calls
$1.98M
Puts
$379K
Net Calls
+$1.6M
Net Calls Change
+$914K

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$36.6M
2
SCM
Scopia Capital Management
New York
+$16.2M
3
BAMCO Inc
BAMCO Inc
New York
+$6.85M
4
IP
Interval Partners
New York
+$6.75M
5
Millennium Management
Millennium Management
New York
+$6.5M

Top Sellers

Rank Fund Capital Flow
1
Deutsche Bank
Deutsche Bank
Germany
-$19.9M
2
AQR Capital Management
AQR Capital Management
Connecticut
-$11.4M
3
Norges Bank
Norges Bank
Norway
-$9.32M
4
JP Morgan Chase
JP Morgan Chase
New York
-$9.15M
5
AG
Algert Global
California
-$8.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
BFM
26
Boothbay Fund Management
New York
$3.66M +$1.59M +116,470 +83%
EMCIP
27
Ewing Morris & Co Investment Partners
Ontario, Canada
$3.46M +$2.46M +179,399 New
Marshall Wace
28
Marshall Wace
United Kingdom
$3.26M -$5.26M -383,873 -63%
KIM
29
Kestrel Investment Management
California
$3.2M +$205K +15,000 +7%
EP
30
Edgestream Partners
New Jersey
$3.18M +$2.17M +158,412 +247%
Barclays
31
Barclays
United Kingdom
$2.93M +$743K +54,277 +36%
Squarepoint
32
Squarepoint
New York
$2.92M -$505K -36,909 -15%
Stifel Financial
33
Stifel Financial
Missouri
$2.75M +$185K +13,510 +8%
N
34
Nuveen
North Carolina
$2.58M – – –
Bank of New York Mellon
35
Bank of New York Mellon
New York
$2.52M -$777K -56,750 -24%
Deutsche Bank
36
Deutsche Bank
Germany
$2.28M -$19.9M -1,451,742 -90%
Tudor Investment Corp
37
Tudor Investment Corp
Connecticut
$2.09M +$1.34M +97,535 +199%
GAM
38
Gotham Asset Management
New York
$1.89M +$490K +35,799 +37%
Swiss National Bank
39
Swiss National Bank
Switzerland
$1.85M – – –
Invesco
40
Invesco
Georgia
$1.78M +$10.7K +785 +0.6%
CCM
41
Cinctive Capital Management
New York
$1.7M +$349K +25,473 +27%
Norges Bank
42
Norges Bank
Norway
$1.54M -$9.32M -680,610 -86%
Cambridge Investment Research Advisors
43
Cambridge Investment Research Advisors
Iowa
$1.45M +$33.9K +2,479 +2%
MAG
44
Millrace Asset Group
Pennsylvania
$1.42M +$1.36M +99,521 New
AQR Capital Management
45
AQR Capital Management
Connecticut
$1.33M -$11.4M -835,904 -90%
UBS Group
46
UBS Group
Switzerland
$1.29M -$240K -17,505 -16%
AG
47
Algert Global
California
$1.28M -$8.02M -585,513 -87%
UBS AM
48
UBS AM
Illinois
$1.28M -$301K -22,016 -20%
RhumbLine Advisers
49
RhumbLine Advisers
Massachusetts
$1.19M +$7.07K +516 +0.6%
Mariner
50
Mariner
Kansas
$1.18M +$549K +40,106 +94%
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DRVN Hedge Fund Activity: Q3 2024 in Review

171 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Driven Brands (DRVN) for Q3 2024, worth a combined $904M — up 13% from $800M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new DRVN positions and 25 closed out — a net gain of 12 holders — while 58 added to existing stakes and 48 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $36.6M. The largest seller was Deutsche Bank, cutting an estimated $19.9M.

  • 171 institutional investors held Driven Brands (DRVN) as of Q3 2024, up from 159 in Q2 2024.
  • Funds reported $904M of Driven Brands stock for Q3 2024, up 13% quarter-over-quarter.
  • 37 funds opened new Driven Brands positions in Q3 2024 and 25 closed out, a net change of +12 holders.
  • The largest Driven Brands buyer in Q3 2024 was Goldman Sachs, an estimated $36.6M added.
  • The largest Driven Brands seller in Q3 2024 was Deutsche Bank, an estimated $19.9M sold.

Based on aggregated 13F filings for Q3 2024.