EverQuote
EVER
95 hedge funds and large institutions have $124M invested in EverQuote in 2023 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 43 increasing their positions, 23 reducing their positions, and 36 closing their positions.
6,689% more call options, than puts
Call options by funds: $2.51M | Put options by funds: $37K
87% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 23
2.78% more ownership
Funds ownership: 66.64% → 69.42% (+2.8%)
19% less funds holding
Funds holding: 117 → 95 (-22)
51% less capital invested
Capital invested by funds: $250M → $124M (-$126M)
61% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 36
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Clearline Capital
New York
|
+$7.8M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$6.43M |
| 3 |
EARNEST Partners
Atlanta,
Georgia
|
+$5.62M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$3.55M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$20.3M |
| 2 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$5.83M |
| 3 |
EA
Emerald Advisers
Leola,
Pennsylvania
|
-$4.71M |
| 4 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$4.11M |
| 5 |
GIPM
G2 Investment Partners Management
New York
|
-$3.98M |
EVER Hedge Fund Activity: Q2 2023 in Review
95 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in EverQuote (EVER) for Q2 2023, worth a combined $124M — down 51% from $250M a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of EVER and 14 opened new positions — a net loss of 22 holders — while 23 trimmed existing stakes and 43 added.
The largest buyer was Clearline Capital, opening a new position worth an estimated $7.8M. The largest seller was Driehaus Capital Management, exiting entirely with an estimated $20.3M sold.
- 95 institutional investors held EverQuote (EVER) as of Q2 2023, down from 117 in Q1 2023.
- Funds reported $124M of EverQuote stock for Q2 2023, down 51% quarter-over-quarter.
- 14 funds opened new EverQuote positions in Q2 2023 and 36 closed out, a net change of -22 holders.
- The largest EverQuote buyer in Q2 2023 was Clearline Capital, an estimated $7.8M added.
- The largest EverQuote seller in Q2 2023 was Driehaus Capital Management, an estimated $20.3M sold.
Based on aggregated 13F filings for Q2 2023.