Driven Brands
DRVN
153 hedge funds and large institutions have $1.75B invested in Driven Brands in 2022 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 62 increasing their positions, 47 reducing their positions, and 31 closing their positions.
2,616% more call options, than puts
Call options by funds: $1.2M | Put options by funds: $44K
32% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 47
10% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 31
1% less ownership
Funds ownership: 39.49% → 38.49% (-1%)
3% less funds holding
Funds holding: 157 → 153 (-4)
5% less capital invested
Capital invested by funds: $1.85B → $1.75B (-$98.9M)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$38.1M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
+$30.9M |
| 3 |
SPPAM
Summit Partners Public Asset Management
Boston,
Massachusetts
|
+$11.2M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$8.67M |
| 5 |
BlackRock
New York
|
+$7.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
-$63.6M |
| 2 |
ZP
Zimmer Partners
New York
|
-$28M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$13.9M |
| 4 |
SAM
Silvercrest Asset Management
New York
|
-$11.6M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$10.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GAM
176
Gotham Asset Management
New York
| – | -$213K | -7,616 | Closed |
|
177
LPL Financial
San Diego,
California
| – | -$212K | -7,575 | Closed |
|
|
CMF
178
Counterpoint Mutual Funds
San Diego,
California
| – | -$98K | -3,511 | Closed |
|
|
GWSG
179
GPS Wealth Strategies Group
Centennial,
Colorado
| – | -$33K | -1,191 | Closed |
|
|
CAL
180
Capital Advisors Ltd
Shaker Heights,
Ohio
| – | -$1K | -44 | Closed |
|
|
SFG
181
Steward Financial Group
Colleyville,
Texas
| – | +$60 | +2 | New |
|
182
Osaic Holdings
Scottsdale,
Arizona
| – | +$179 | +6 | New |
|
|
CA
183
Centerpoint Advisors
Needham,
Massachusetts
| – | +$239 | +8 | New |
|
DRVN Hedge Fund Activity: Q4 2022 in Review
153 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Driven Brands (DRVN) for Q4 2022, worth a combined $1.75B — down 5.3% from $1.85B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of DRVN and 28 opened new positions — a net loss of 3 holders — while 47 trimmed existing stakes and 62 added.
The largest buyer was AllianceBernstein, adding an estimated $38.1M. The largest seller was Janus Henderson Group, cutting an estimated $63.6M.
- 153 institutional investors held Driven Brands (DRVN) as of Q4 2022, down from 157 in Q3 2022.
- Funds reported $1.75B of Driven Brands stock for Q4 2022, down 5.3% quarter-over-quarter.
- 28 funds opened new Driven Brands positions in Q4 2022 and 31 closed out, a net change of -3 holders.
- The largest Driven Brands buyer in Q4 2022 was AllianceBernstein, an estimated $38.1M added.
- The largest Driven Brands seller in Q4 2022 was Janus Henderson Group, an estimated $63.6M sold.
Based on aggregated 13F filings for Q4 2022.