EverQuote
EVER
97 hedge funds and large institutions have $257M invested in EverQuote in 2023 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 27 increasing their positions, 37 reducing their positions, and 11 closing their positions.
109% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 11
77% more capital invested
Capital invested by funds: $145M → $257M (+$112M)
14% more funds holding
Funds holding: 85 → 97 (+12)
2.46% more ownership
Funds ownership: 72.12% → 74.58% (+2.5%)
23% less call options, than puts
Call options by funds: $280K | Put options by funds: $364K
27% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$11.5M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$10.2M |
| 3 |
TP
Toronado Partners
San Francisco,
California
|
+$6.16M |
| 4 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$5.11M |
| 5 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
+$2.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EARNEST Partners
Atlanta,
Georgia
|
-$9.23M |
| 2 |
CC
Clearline Capital
New York
|
-$5.04M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$3.27M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$3.25M |
| 5 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$3.06M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GC
101
GMT Capital
Atlanta,
Georgia
| – | -$302K | -41,800 | Closed |
|
|
JF
102
Jump Financial
Chicago,
Illinois
| – | -$190K | -26,300 | Closed |
|
103
Invesco
Atlanta,
Georgia
| – | -$184K | -25,466 | Closed |
|
|
XT
104
XTX Topco
George Town,
Cayman Islands
| – | -$176K | -24,306 | Closed |
|
105
Walleye Capital
New York
| – | -$98K | -13,556 | Closed |
|
106
Norges Bank
Oslo,
Norway
| – | -$95.4K | -13,200 | Closed |
|
|
GC
107
Gilbert & Cook
West Des Moines,
Iowa
| – | -$85.4K | -11,808 | Closed |
|
108
Allspring Global Investments
Charlotte,
North Carolina
| – | -$72K | -9,952 | Closed |
|
EVER Hedge Fund Activity: Q4 2023 in Review
97 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in EverQuote (EVER) for Q4 2023, worth a combined $257M — up 77% from $145M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new EVER positions and 11 closed out — a net gain of 12 holders — while 27 added to existing stakes and 37 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $11.5M. The largest seller was EARNEST Partners, cutting an estimated $9.23M.
- 97 institutional investors held EverQuote (EVER) as of Q4 2023, up from 85 in Q3 2023.
- Funds reported $257M of EverQuote stock for Q4 2023, up 77% quarter-over-quarter.
- 23 funds opened new EverQuote positions in Q4 2023 and 11 closed out, a net change of +12 holders.
- The largest EverQuote buyer in Q4 2023 was Millennium Management, an estimated $11.5M added.
- The largest EverQuote seller in Q4 2023 was EARNEST Partners, an estimated $9.23M sold.
Based on aggregated 13F filings for Q4 2023.