Driven Brands
DRVN
160 hedge funds and large institutions have $800M invested in Driven Brands in 2024 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 66 increasing their positions, 51 reducing their positions, and 38 closing their positions.
140% more call options, than puts
Call options by funds: $1.18M | Put options by funds: $492K
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
29% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 51
1.29% more ownership
Funds ownership: 37.1% → 38.39% (+1.3%)
5% less funds holding
Funds holding: 169 → 160 (-9)
17% less capital invested
Capital invested by funds: $960M → $800M (-$159M)
18% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 38
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
+$24.7M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$18.8M |
| 3 |
BlackRock
New York
|
+$18.5M |
| 4 |
OFCM
One Fin Capital Management
San Francisco,
California
|
+$17.7M |
| 5 |
BAMCO Inc
New York
|
+$12.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$32.3M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
-$17.9M |
| 3 |
Morgan Stanley
New York
|
-$16.8M |
| 4 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$13.3M |
| 5 |
SCM
Scopia Capital Management
New York
|
-$12.3M |
DRVN Hedge Fund Activity: Q2 2024 in Review
160 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Driven Brands (DRVN) for Q2 2024, worth a combined $800M — down 17% from $960M a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of DRVN and 31 opened new positions — a net loss of 7 holders — while 51 trimmed existing stakes and 66 added.
The largest buyer was HG Vora Capital Management, adding an estimated $24.7M. The largest seller was Millennium Management, cutting an estimated $32.3M.
- 160 institutional investors held Driven Brands (DRVN) as of Q2 2024, down from 169 in Q1 2024.
- Funds reported $800M of Driven Brands stock for Q2 2024, down 17% quarter-over-quarter.
- 31 funds opened new Driven Brands positions in Q2 2024 and 38 closed out, a net change of -7 holders.
- The largest Driven Brands buyer in Q2 2024 was HG Vora Capital Management, an estimated $24.7M added.
- The largest Driven Brands seller in Q2 2024 was Millennium Management, an estimated $32.3M sold.
Based on aggregated 13F filings for Q2 2024.