i3 Verticals
IIIV
134 hedge funds and large institutions have $461M invested in i3 Verticals in 2026 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 38 increasing their positions, 60 reducing their positions, and 27 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.71% less ownership
Funds ownership: 112.05% → 110.35% (-1.7%)
8% less funds holding
Funds holding: 145 → 134 (-11)
17% less capital invested
Capital invested by funds: $554M → $461M (-$93.1M)
33% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 27
37% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 60
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
+$7.47M |
| 2 |
First Eagle Investment Management
New York
|
+$7.1M |
| 3 |
FCM
Forager Capital Management
Birmingham,
Alabama
|
+$5.94M |
| 4 |
Jane Street
New York
|
+$5.84M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$4.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
-$26.3M |
| 2 |
RIM
Ranger Investment Management
Dallas,
Texas
|
-$20.7M |
| 3 |
LPP
Long Path Partners
Stamford,
Connecticut
|
-$12.6M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$10.2M |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
-$9.48M |
IIIV Hedge Fund Activity: Q2 2026 in Review
134 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in i3 Verticals (IIIV) for Q2 2026, worth a combined $461M — down 17% from $554M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of IIIV and 18 opened new positions — a net loss of 9 holders — while 60 trimmed existing stakes and 38 added.
The largest buyer was Heartland Advisors, adding an estimated $7.47M. The largest seller was William Blair Investment Management, exiting entirely with an estimated $26.3M sold.
- 134 institutional investors held i3 Verticals (IIIV) as of Q2 2026, down from 145 in Q1 2026.
- Funds reported $461M of i3 Verticals stock for Q2 2026, down 17% quarter-over-quarter.
- 18 funds opened new i3 Verticals positions in Q2 2026 and 27 closed out, a net change of -9 holders.
- The largest i3 Verticals buyer in Q2 2026 was Heartland Advisors, an estimated $7.47M added.
- The largest i3 Verticals seller in Q2 2026 was William Blair Investment Management, an estimated $26.3M sold.
Based on aggregated 13F filings for Q2 2026.