Driven Brands
DRVN
174 hedge funds and large institutions have $696M invested in Driven Brands in 2023 Q3 according to their latest regulatory filings, with 60 funds opening new positions, 73 increasing their positions, 33 reducing their positions, and 41 closing their positions.
487% more call options, than puts
Call options by funds: $8.26M | Put options by funds: $1.41M
121% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 33
46% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 41
12% more funds holding
Funds holding: 155 → 174 (+19)
4.45% less ownership
Funds ownership: 37.26% → 32.81% (-4.5%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
59% less capital invested
Capital invested by funds: $1.69B → $696M (-$994M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$72.6M |
| 2 |
Millennium Management
New York
|
+$72.2M |
| 3 |
CCPM
Cooper Creek Partners Management
New York
|
+$32.5M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$18.4M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$15.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$102M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$102M |
| 3 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$46.9M |
| 4 |
Capital World Investors
Los Angeles,
California
|
-$40.6M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$40.5M |
DRVN Hedge Fund Activity: Q3 2023 in Review
174 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Driven Brands (DRVN) for Q3 2023, worth a combined $696M — down 59% from $1.69B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new DRVN positions and 41 closed out — a net gain of 19 holders — while 73 added to existing stakes and 33 trimmed.
The largest buyer was Fidelity International, adding an estimated $72.6M. The largest seller was Neuberger Berman Group, cutting an estimated $102M.
- 174 institutional investors held Driven Brands (DRVN) as of Q3 2023, up from 155 in Q2 2023.
- Funds reported $696M of Driven Brands stock for Q3 2023, down 59% quarter-over-quarter.
- 60 funds opened new Driven Brands positions in Q3 2023 and 41 closed out, a net change of +19 holders.
- The largest Driven Brands buyer in Q3 2023 was Fidelity International, an estimated $72.6M added.
- The largest Driven Brands seller in Q3 2023 was Neuberger Berman Group, an estimated $102M sold.
Based on aggregated 13F filings for Q3 2023.