EverCommerce
EVCM
84 hedge funds and large institutions have $1.84B invested in EverCommerce in 2023 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 26 increasing their positions, 25 reducing their positions, and 21 closing their positions.
10% more capital invested
Capital invested by funds: $1.68B → $1.84B (+$163M)
4% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 25
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
0.16% less ownership
Funds ownership: 88.7% → 88.54% (-0.16%)
8% less funds holding
Funds holding: 91 → 84 (-7)
29% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HC
Hamilton Capital
Columbus,
Ohio
|
+$1.67M |
| 2 |
Morgan Stanley
New York
|
+$1.24M |
| 3 |
BlackRock
New York
|
+$1.07M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$720K |
| 5 |
GLA
Great Lakes Advisors
Chicago,
Illinois
|
+$590K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIM
Essex Investment Management
Boston,
Massachusetts
|
-$1.86M |
| 2 |
Millennium Management
New York
|
-$1.45M |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$953K |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$941K |
| 5 |
LCM
Legato Capital Management
San Francisco,
California
|
-$859K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Allspring Global Investments
Charlotte,
North Carolina
| – | -$1.07K | -107 | Closed |
|
|
BAAM
102
Baker Avenue Asset Management
San Francisco,
California
| – | -$532 | -53 | Closed |
|
|
AF
103
Advisornet Financial
Minnetonka,
Minnesota
| – | -$20 | -2 | Closed |
|
|
C
104
Covestor
London,
United Kingdom
| – | -$19 | -2 | -12% |
|
EVCM Hedge Fund Activity: Q4 2023 in Review
84 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in EverCommerce (EVCM) for Q4 2023, worth a combined $1.84B — up 9.7% from $1.68B a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of EVCM and 15 opened new positions — a net loss of 6 holders — while 25 trimmed existing stakes and 26 added.
The largest buyer was Hamilton Capital, opening a new position worth an estimated $1.67M. The largest seller was Essex Investment Management, exiting entirely with an estimated $1.86M sold.
- 84 institutional investors held EverCommerce (EVCM) as of Q4 2023, down from 91 in Q3 2023.
- Funds reported $1.84B of EverCommerce stock for Q4 2023, up 9.7% quarter-over-quarter.
- 15 funds opened new EverCommerce positions in Q4 2023 and 21 closed out, a net change of -6 holders.
- The largest EverCommerce buyer in Q4 2023 was Hamilton Capital, an estimated $1.67M added.
- The largest EverCommerce seller in Q4 2023 was Essex Investment Management, an estimated $1.86M sold.
Based on aggregated 13F filings for Q4 2023.