Shift4
FOUR
308 hedge funds and large institutions have $4.49B invested in Shift4 in 2023 Q4 according to their latest regulatory filings, with 89 funds opening new positions, 84 increasing their positions, 106 reducing their positions, and 30 closing their positions.
197% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 30
106% more call options, than puts
Call options by funds: $410M | Put options by funds: $199M
50% more funds holding in top 10
Funds holding in top 10: 6 → 9 (+3)
38% more capital invested
Capital invested by funds: $3.26B → $4.49B (+$1.24B)
22% more funds holding
Funds holding: 252 → 308 (+56)
2.11% more ownership
Funds ownership: 104.13% → 106.24% (+2.1%)
21% less repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 106
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$70.7M |
| 2 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$36.8M |
| 3 |
Jennison Associates
New York
|
+$35.9M |
| 4 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$35.9M |
| 5 |
Janus Henderson Group
London,
United Kingdom
|
+$35.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$74.4M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$53.8M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$42.8M |
| 4 |
Millennium Management
New York
|
-$38M |
| 5 |
SIG
Senator Investment Group
New York
|
-$24.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CC
326
Centiva Capital
New York
| – | -$300K | -5,410 | Closed |
|
|
NRD
327
Nebula Research & Development
New York
| – | -$252K | -4,544 | Closed |
|
|
SPA
328
Sherbrooke Park Advisers
White Plains,
New York
| – | -$230K | -4,162 | Closed |
|
329
Capstone Investment Advisors
New York
| – | -$226K | -4,077 | Closed |
|
|
VI
330
Vestcor Inc
Fredericton,
New Brunswick, Canada
| – | -$224K | -4,040 | Closed |
|
|
YIH
331
Y-Intercept (HK)
Hong Kong
| – | -$220K | -3,979 | Closed |
|
|
RTC
332
Riverview Trust Company
Vancouver,
Washington
| – | -$20.3K | -366 | Closed |
|
|
QL
333
Quarry LP
New York
| – | -$17.6K | -317 | Closed |
|
|
TWC
334
TD Waterhouse Canada
Toronto,
Ontario, Canada
| – | -$6.87K | -126 | Closed |
|
|
SIS
335
Strategic Investment Solutions
Orland Park,
Illinois
| – | -$6.77K | -100 | Closed |
|
|
QC
336
Quent Capital
New York
| – | -$5.09K | -92 | Closed |
|
|
GRP
337
Global Retirement Partners
San Rafael,
California
| – | -$532 | -10 | Closed |
|
FOUR Hedge Fund Activity: Q4 2023 in Review
308 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Shift4 (FOUR) for Q4 2023, worth a combined $4.49B — up 38% from $3.26B a quarter earlier.
Buyers outnumbered sellers: 89 funds opened new FOUR positions and 30 closed out — a net gain of 59 holders — while 84 added to existing stakes and 106 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $70.7M. The largest seller was Fidelity Investments, cutting an estimated $74.4M.
- 308 institutional investors held Shift4 (FOUR) as of Q4 2023, up from 252 in Q3 2023.
- Funds reported $4.49B of Shift4 stock for Q4 2023, up 38% quarter-over-quarter.
- 89 funds opened new Shift4 positions in Q4 2023 and 30 closed out, a net change of +59 holders.
- The largest Shift4 buyer in Q4 2023 was Morgan Stanley, an estimated $70.7M added.
- The largest Shift4 seller in Q4 2023 was Fidelity Investments, an estimated $74.4M sold.
Based on aggregated 13F filings for Q4 2023.