Driven Brands
DRVN
171 hedge funds and large institutions have $904M invested in Driven Brands in 2024 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 58 increasing their positions, 48 reducing their positions, and 26 closing their positions.
423% more call options, than puts
Call options by funds: $1.98M | Put options by funds: $379K
42% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 26
21% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 48
13% more capital invested
Capital invested by funds: $800M → $904M (+$104M)
7% more funds holding
Funds holding: 160 → 171 (+11)
0.2% more ownership
Funds ownership: 38.39% → 38.59% (+0.2%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$36.6M |
| 2 |
SCM
Scopia Capital Management
New York
|
+$16.2M |
| 3 |
BAMCO Inc
New York
|
+$6.85M |
| 4 |
IP
Interval Partners
New York
|
+$6.75M |
| 5 |
Millennium Management
New York
|
+$6.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$19.9M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$11.4M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$9.32M |
| 4 |
JP Morgan Chase
New York
|
-$9.15M |
| 5 |
AG
Algert Global
San Francisco,
California
|
-$8.02M |
DRVN Hedge Fund Activity: Q3 2024 in Review
171 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in Driven Brands (DRVN) for Q3 2024, worth a combined $904M — up 13% from $800M a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new DRVN positions and 26 closed out — a net gain of 11 holders — while 58 added to existing stakes and 48 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $36.6M. The largest seller was Deutsche Bank, cutting an estimated $19.9M.
- 171 institutional investors held Driven Brands (DRVN) as of Q3 2024, up from 160 in Q2 2024.
- Funds reported $904M of Driven Brands stock for Q3 2024, up 13% quarter-over-quarter.
- 37 funds opened new Driven Brands positions in Q3 2024 and 26 closed out, a net change of +11 holders.
- The largest Driven Brands buyer in Q3 2024 was Goldman Sachs, an estimated $36.6M added.
- The largest Driven Brands seller in Q3 2024 was Deutsche Bank, an estimated $19.9M sold.
Based on aggregated 13F filings for Q3 2024.