Driven Brands
DRVN
155 hedge funds and large institutions have $1.69B invested in Driven Brands in 2023 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 64 increasing their positions, 48 reducing their positions, and 30 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 48
0.3% less ownership
Funds ownership: 37.56% → 37.26% (-0.3%)
3% less funds holding
Funds holding: 160 → 155 (-5)
11% less capital invested
Capital invested by funds: $1.91B → $1.69B (-$218M)
13% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 30
26% less call options, than puts
Call options by funds: $1.02M | Put options by funds: $1.37M
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$14.8M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
+$10.5M |
| 3 |
CC
Cowbird Capital
New York
|
+$8.18M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$7.54M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$7.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$27.3M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$26M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$15.2M |
| 4 |
SPPAM
Summit Partners Public Asset Management
Boston,
Massachusetts
|
-$11.5M |
| 5 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$8.88M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JIR
176
James Investment Research
Alpha,
Ohio
| – | -$32K | -1,048 | Closed |
|
|
PB
177
Pinnacle Bancorp
Beatrice,
Nebraska
| – | -$20.3K | -669 | Closed |
|
|
FAM
178
Fred Alger Management
New York
| – | -$19.3K | -638 | Closed |
|
|
QCG
179
Quadrant Capital Group
Cincinnati,
Ohio
| – | -$12.3K | -407 | Closed |
|
|
ASN
180
Advisory Services Network
Atlanta,
Georgia
| – | -$11K | -362 | Closed |
|
|
LC
181
Lindbrook Capital
Calabasas,
California
| – | -$1.61K | -53 | Closed |
|
|
SC
182
Schubert & Co
Mckinney,
Texas
| – | -$273 | -9 | Closed |
|
183
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$152 | -5 | Closed |
|
|
TWA
184
TCI Wealth Advisors
Tucson,
Arizona
| – | -$31 | -1 | Closed |
|
DRVN Hedge Fund Activity: Q2 2023 in Review
155 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Driven Brands (DRVN) for Q2 2023, worth a combined $1.69B — down 11% from $1.91B a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of DRVN and 26 opened new positions — a net loss of 4 holders — while 48 trimmed existing stakes and 64 added.
The largest buyer was Citadel Advisors, adding an estimated $14.8M. The largest seller was Capital World Investors, cutting an estimated $27.3M.
- 155 institutional investors held Driven Brands (DRVN) as of Q2 2023, down from 160 in Q1 2023.
- Funds reported $1.69B of Driven Brands stock for Q2 2023, down 11% quarter-over-quarter.
- 26 funds opened new Driven Brands positions in Q2 2023 and 30 closed out, a net change of -4 holders.
- The largest Driven Brands buyer in Q2 2023 was Citadel Advisors, an estimated $14.8M added.
- The largest Driven Brands seller in Q2 2023 was Capital World Investors, an estimated $27.3M sold.
Based on aggregated 13F filings for Q2 2023.