Driven Brands
DRVN
124 hedge funds and large institutions have $1.45B invested in Driven Brands in 2021 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 62 increasing their positions, 17 reducing their positions, and 12 closing their positions.
16,152% more call options, than puts
Call options by funds: $3.41M | Put options by funds: $21K
265% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 17
200% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 12
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
25% more capital invested
Capital invested by funds: $1.16B → $1.45B (+$288M)
23% more funds holding
Funds holding: 101 → 124 (+23)
7.53% more ownership
Funds ownership: 22.45% → 29.97% (+7.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$55.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$47.6M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$43.8M |
| 4 |
BCPEMI
Bain Capital Public Equity Management II
Boston,
Massachusetts
|
+$43M |
| 5 |
HGM
Highside Global Management
Dallas,
Texas
|
+$19.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
-$38M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$20.2M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
-$10.6M |
| 4 |
Alyeska Investment Group
Chicago,
Illinois
|
-$6.67M |
| 5 |
WP
Woodline Partners
San Francisco,
California
|
-$5.62M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACI
126
AMP Capital Investors
Sydney,
Australia
| – | -$4.8M | -155,328 | Closed |
|
127
Squarepoint
New York
| – | -$3.09M | -100,000 | Closed |
|
128
Acadian Asset Management
Boston,
Massachusetts
| – | -$1.09M | -35,138 | Closed |
|
129
Tudor Investment Corp
Stamford,
Connecticut
| – | -$851K | -27,531 | Closed |
|
|
QSS
130
Quantitative Systematic Strategies
Ponte Vedra Beach,
Florida
| – | -$825K | -26,694 | Closed |
|
|
JSC
131
Jackson Square Capital
San Francisco,
California
| – | -$283K | -9,141 | Closed |
|
|
LOAMU
132
Lombard Odier Asset Management (USA)
New York
| – | -$217K | -7,016 | Closed |
|
133
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$196K | -6,595 | Closed |
|
|
CG
134
Cutler Group
San Francisco,
California
| – | -$46K | -1,492 | Closed |
|
135
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$12K | -400 | Closed |
|
136
Osaic Holdings
Scottsdale,
Arizona
| – | +$148 | +5 | +50% |
|
DRVN Hedge Fund Activity: Q3 2021 in Review
124 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Driven Brands (DRVN) for Q3 2021, worth a combined $1.45B — up 25% from $1.16B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new DRVN positions and 12 closed out — a net gain of 24 holders — while 62 added to existing stakes and 17 trimmed.
The largest buyer was Millennium Management, adding an estimated $55.5M. The largest seller was Fidelity International, cutting an estimated $38M.
- 124 institutional investors held Driven Brands (DRVN) as of Q3 2021, up from 101 in Q2 2021.
- Funds reported $1.45B of Driven Brands stock for Q3 2021, up 25% quarter-over-quarter.
- 36 funds opened new Driven Brands positions in Q3 2021 and 12 closed out, a net change of +24 holders.
- The largest Driven Brands buyer in Q3 2021 was Millennium Management, an estimated $55.5M added.
- The largest Driven Brands seller in Q3 2021 was Fidelity International, an estimated $38M sold.
Based on aggregated 13F filings for Q3 2021.