Driven Brands
DRVN
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.
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: 1 → 3 (+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: 174 → 183 (+9)
3.67% more ownership
Funds ownership: 32.81% → 36.48% (+3.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$48.5M |
| 2 |
HVCM
HG Vora Capital Management
New York
|
+$43.6M |
| 3 |
NPCM
North Peak Capital Management
New York
|
+$36.2M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$9.64M |
| 5 |
Man Group
London,
United Kingdom
|
+$8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$22.6M |
| 2 |
CCPM
Cooper Creek Partners Management
New York
|
-$22.4M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$19.8M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$11.1M |
| 5 |
SCA
Summit Creek Advisors
Minneapolis,
Minnesota
|
-$9.6M |
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.