Driven Brands
DRVN
160 hedge funds and large institutions have $1.91B invested in Driven Brands in 2023 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 57 increasing their positions, 49 reducing their positions, and 22 closing their positions.
2,802% more call options, than puts
Call options by funds: $10.8M | Put options by funds: $373K
36% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 22
16% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 49
9% more capital invested
Capital invested by funds: $1.75B → $1.91B (+$157M)
5% more funds holding
Funds holding: 153 → 160 (+7)
0.93% less ownership
Funds ownership: 38.49% → 37.56% (-0.93%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$28.1M |
| 2 |
Millennium Management
New York
|
+$18.8M |
| 3 |
IP
Interval Partners
New York
|
+$18.1M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$12.6M |
| 5 |
JP Morgan Chase
New York
|
+$11.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
-$34.5M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$19.5M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$15.7M |
| 4 |
BCPEMI
Bain Capital Public Equity Management II
Boston,
Massachusetts
|
-$14.2M |
| 5 |
TCM
TimesSquare Capital Management
New York
|
-$10.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$200K | -7,333 | Closed |
|
|
SIM
177
Sandia Investment Management
Boston,
Massachusetts
| – | -$81.8K | -2,994 | Closed |
|
178
Lazard Asset Management
New York
| – | -$44K | -1,628 | Closed |
|
|
DWP
179
Destiny Wealth Partners
Tavares,
Florida
| – | -$8.3K | -304 | Closed |
|
|
FMII
180
Farmers & Merchants Investments Inc
Lincoln,
Nebraska
| – | -$4.07K | -149 | Closed |
|
|
SFG
181
Steward Financial Group
Colleyville,
Texas
| – | +$538 | +19 | +950% |
|
DRVN Hedge Fund Activity: Q1 2023 in Review
160 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Driven Brands (DRVN) for Q1 2023, worth a combined $1.91B — up 9% from $1.75B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new DRVN positions and 22 closed out — a net gain of 8 holders — while 57 added to existing stakes and 49 trimmed.
The largest buyer was Neuberger Berman Group, adding an estimated $28.1M. The largest seller was Point72 Asset Management, cutting an estimated $34.5M.
- 160 institutional investors held Driven Brands (DRVN) as of Q1 2023, up from 153 in Q4 2022.
- Funds reported $1.91B of Driven Brands stock for Q1 2023, up 9% quarter-over-quarter.
- 30 funds opened new Driven Brands positions in Q1 2023 and 22 closed out, a net change of +8 holders.
- The largest Driven Brands buyer in Q1 2023 was Neuberger Berman Group, an estimated $28.1M added.
- The largest Driven Brands seller in Q1 2023 was Point72 Asset Management, an estimated $34.5M sold.
Based on aggregated 13F filings for Q1 2023.