Driven Brands
DRVN
169 hedge funds and large institutions have $960M invested in Driven Brands in 2024 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 73 increasing their positions, 55 reducing their positions, and 42 closing their positions.
237% more call options, than puts
Call options by funds: $3.14M | Put options by funds: $931K
33% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 55
13% more capital invested
Capital invested by funds: $853M → $960M (+$107M)
0.62% more ownership
Funds ownership: 36.48% → 37.1% (+0.62%)
8% less funds holding
Funds holding: 183 → 169 (-14)
31% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 42
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$37.6M |
| 2 |
HVCM
HG Vora Capital Management
New York
|
+$24.2M |
| 3 |
NPCM
North Peak Capital Management
New York
|
+$20.1M |
| 4 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$11.7M |
| 5 |
SCM
Scopia Capital Management
New York
|
+$10.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
-$35.1M |
| 2 |
Morgan Stanley
New York
|
-$29.2M |
| 3 |
Millennium Management
New York
|
-$10.1M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$9.57M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$6.63M |
DRVN Hedge Fund Activity: Q1 2024 in Review
169 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Driven Brands (DRVN) for Q1 2024, worth a combined $960M — up 13% from $853M a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of DRVN and 29 opened new positions — a net loss of 13 holders — while 55 trimmed existing stakes and 73 added.
The largest buyer was Fidelity Investments, adding an estimated $37.6M. The largest seller was Fidelity International, exiting entirely with an estimated $35.1M sold.
- 169 institutional investors held Driven Brands (DRVN) as of Q1 2024, down from 183 in Q4 2023.
- Funds reported $960M of Driven Brands stock for Q1 2024, up 13% quarter-over-quarter.
- 29 funds opened new Driven Brands positions in Q1 2024 and 42 closed out, a net change of -13 holders.
- The largest Driven Brands buyer in Q1 2024 was Fidelity Investments, an estimated $37.6M added.
- The largest Driven Brands seller in Q1 2024 was Fidelity International, an estimated $35.1M sold.
Based on aggregated 13F filings for Q1 2024.