EverQuote
EVER
117 hedge funds and large institutions have $250M invested in EverQuote in 2023 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 34 increasing their positions, 37 reducing their positions, and 10 closing their positions.
351% more call options, than puts
Call options by funds: $627K | Put options by funds: $139K
210% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 10
22% more funds holding
Funds holding: 96 → 117 (+21)
4% less capital invested
Capital invested by funds: $260M → $250M (-$9.83M)
8% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 37
1.2% less ownership
Funds ownership: 67.84% → 66.64% (-1.2%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$14.2M |
| 2 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
+$8.3M |
| 3 |
EA
Emerald Advisers
Leola,
Pennsylvania
|
+$4.76M |
| 4 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
+$4.45M |
| 5 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$4.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCMNY
Rubric Capital Management (New York)
New York
|
-$18.4M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$12.4M |
| 3 |
EARNEST Partners
Atlanta,
Georgia
|
-$8.79M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$4.9M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$2.07M |
EVER Hedge Fund Activity: Q1 2023 in Review
117 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in EverQuote (EVER) for Q1 2023, worth a combined $250M — down 3.8% from $260M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new EVER positions and 10 closed out — a net gain of 21 holders — while 34 added to existing stakes and 37 trimmed.
The largest buyer was Driehaus Capital Management, adding an estimated $14.2M. The largest seller was Rubric Capital Management (New York), exiting entirely with an estimated $18.4M sold.
- 117 institutional investors held EverQuote (EVER) as of Q1 2023, up from 96 in Q4 2022.
- Funds reported $250M of EverQuote stock for Q1 2023, down 3.8% quarter-over-quarter.
- 31 funds opened new EverQuote positions in Q1 2023 and 10 closed out, a net change of +21 holders.
- The largest EverQuote buyer in Q1 2023 was Driehaus Capital Management, an estimated $14.2M added.
- The largest EverQuote seller in Q1 2023 was Rubric Capital Management (New York), an estimated $18.4M sold.
Based on aggregated 13F filings for Q1 2023.