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Driven Brands

183 hedge funds and large institutions have $853M invested in Driven Brands in 2023 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 70 increasing their positions, 60 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

455% more call options, than puts

Call options by funds: $2.07M | Put options by funds: $373K

200% more funds holding in top 10

Funds holding in top 10: 13 (+2)

39% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 28

23% more capital invested

Capital invested by funds: $696M → $853M (+$157M)

17% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 60

5% more funds holding

Funds holding: 174183 (+9)

3.67% more ownership

Funds ownership: 32.81%36.48% (+3.7%)

Holders
183
Holders Change
+9
Holders Change %
+5.17%
% of All Funds
2.67%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.04%
New
39
Increased
70
Reduced
60
Closed
28
Calls
$2.07M
Puts
$373K
Net Calls
+$1.7M
Net Calls Change
-$5.16M
Name Holding Trade Value Shares
Change
Change in
Stake
Millennium Management
1
Millennium Management
New York
$98.9M +$2M +160,418 +2%
Vanguard Group
2
Vanguard Group
Pennsylvania
$76.7M -$105K -8,443 -0.2%
JP Morgan Chase
3
JP Morgan Chase
New York
$70.5M +$683K +54,769 +1%
Morgan Stanley
4
Morgan Stanley
New York
$64.7M +$48.5M +3,890,736 +600%
HVCM
5
HG Vora Capital Management
New York
$49.9M +$43.6M +3,500,000 New
BlackRock
6
BlackRock
New York
$42.4M +$3.81M +305,670 +11%
NPCM
7
North Peak Capital Management
New York
$41.4M +$36.2M +2,901,380 New
Janus Henderson Group
8
Janus Henderson Group
United Kingdom
$39.6M +$562K +45,084 +2%
Fidelity International
9
Fidelity International
Bermuda
$35.1M -$19.8M -1,590,032 -39%
BAMCO Inc
10
BAMCO Inc
New York
$25M
TCM
11
TimesSquare Capital Management
New York
$20.9M -$7.31M -586,512 -29%
Norges Bank
12
Norges Bank
Norway
$18.6M +$6.82M +547,100 +72%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$14.6M +$362K +29,037 +3%
State Street
14
State Street
Massachusetts
$14.5M +$709K +56,882 +6%
AQR Capital Management
15
AQR Capital Management
Connecticut
$14M +$4.06M +325,610 +49%
D.E. Shaw & Co
16
D.E. Shaw & Co
New York
$13.4M +$4.06M +325,482 +53%
First Trust Advisors
17
First Trust Advisors
Illinois
$11.7M +$9.64M +773,435 +1,639%
AG
18
Algert Global
California
$10.6M +$655K +52,541 +8%
Qube Research & Technologies (QRT)
19
Qube Research & Technologies (QRT)
United Kingdom
$9.51M -$10.3K -828 -0.1%
Man Group
20
Man Group
United Kingdom
$9.16M +$8M +642,027 New
N
21
Nuveen
North Carolina
$8.79M +$276K +22,153 +4%
Bank of America
22
Bank of America
North Carolina
$6.62M +$2.25M +180,307 +63%
IP
23
Interval Partners
New York
$6.42M -$325K -26,094 -5%
Dimensional Fund Advisors
24
Dimensional Fund Advisors
Texas
$5.95M -$520K -41,697 -9%
Tudor Investment Corp
25
Tudor Investment Corp
Connecticut
$5.9M +$796K +63,814 +18%

DRVN Hedge Fund Activity: Q4 2023 in Review

183 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Driven Brands (DRVN) for Q4 2023, worth a combined $853M — up 23% from $696M a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new DRVN positions and 28 closed out — a net gain of 11 holders — while 70 added to existing stakes and 60 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $48.5M. The largest seller was Citadel Advisors, cutting an estimated $22.6M.

  • 183 institutional investors held Driven Brands (DRVN) as of Q4 2023, up from 174 in Q3 2023.
  • Funds reported $853M of Driven Brands stock for Q4 2023, up 23% quarter-over-quarter.
  • 39 funds opened new Driven Brands positions in Q4 2023 and 28 closed out, a net change of +11 holders.
  • The largest Driven Brands buyer in Q4 2023 was Morgan Stanley, an estimated $48.5M added.
  • The largest Driven Brands seller in Q4 2023 was Citadel Advisors, an estimated $22.6M sold.

Based on aggregated 13F filings for Q4 2023.