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i3 Verticals
IIIV

96 hedge funds and large institutions have $375M invested in i3 Verticals in 2019 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 33 increasing their positions, 31 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

171% more call options, than puts

Call options by funds: $1.02M | Put options by funds: $378K

39% more capital invested

Capital invested by funds: $271M → $375M (+$105M)

31% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 13

4% more funds holding

Funds holding: 92 → 96 (+4)

6% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 31

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

1.16% less ownership

Funds ownership: 92.82% → 91.66% (-1.2%)

Holders
96
Holders Change
+4
Holders Change %
+4.35%
% of All Funds
1.89%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
17
Increased
33
Reduced
31
Closed
13
Calls
$1.02M
Puts
$378K
Net Calls
+$647K
Net Calls Change
+$583K

Top Buyers

Rank Fund Capital Flow
1
Russell Investments Group
Russell Investments Group
United Kingdom
+$6.88M
2
Millennium Management
Millennium Management
New York
+$4.94M
3
ORI
Oak Ridge Investments
Illinois
+$4.71M
4
State Street
State Street
Massachusetts
+$1.58M
5
RIM
Ranger Investment Management
Texas
+$1.41M

Top Sellers

Rank Fund Capital Flow
1
AAM
ACK Asset Management
Connecticut
-$8.75M
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$2.65M
3
N
Nuveen
North Carolina
-$2.29M
4
SC
Southside Capital
Florida
-$2.14M
5
Vanguard Group
Vanguard Group
Pennsylvania
-$1.86M
Name Holding Trade Value Shares
Change 		Change in
Stake
TA
26
Teton Advisors
New York
$2.91M +$23.6K +1,000 +1%
D.E. Shaw & Co
27
D.E. Shaw & Co
New York
$2.64M -$1.65M -69,984 -43%
Stifel Financial
28
Stifel Financial
Missouri
$2.6M +$9.34K +396 +0.4%
SC
29
Southside Capital
Florida
$2.59M -$2.14M -90,784 -50%
WB
30
WesBanco Bank
West Virginia
$2.53M – – –
Victory Capital Management
31
Victory Capital Management
Texas
$2.44M -$164K -6,965 -7%
GC
32
Globeflex Capital
California
$2.32M +$463K +19,625 +31%
KCM
33
Kornitzer Capital Management
Kansas
$2.26M +$285K +12,100 +18%
CCM
34
Cadence Capital Management
Massachusetts
$2M -$164K -6,951 -9%
TAM
35
THB Asset Management
Connecticut
$1.89M +$128K +5,435 +9%
Goldman Sachs
36
Goldman Sachs
New York
$1.69M -$1.46M -61,690 -51%
N
37
Nuveen
North Carolina
$1.62M -$2.29M -96,850 -63%
Squarepoint
38
Squarepoint
New York
$1.41M -$571K -24,196 -33%
Two Sigma Advisers
39
Two Sigma Advisers
New York
$1.33M -$420K -17,800 -27%
RHJA
40
Rice Hall James & Associates
California
$1.15M -$16.2K -687 -2%
MPAM
41
Monarch Partners Asset Management
Massachusetts
$1.12M +$247K +10,460 +36%
Charles Schwab
42
Charles Schwab
California
$1.05M +$22.8K +965 +3%
Citadel Advisors
43
Citadel Advisors
Florida
$956K +$248K +10,525 +45%
Morgan Stanley
44
Morgan Stanley
New York
$861K +$336K +14,228 +88%
GPGA
45
Grandeur Peak Global Advisors
Utah
$759K – – –
Acadian Asset Management
46
Acadian Asset Management
Massachusetts
$687K +$573K +24,297 New
TGAM
47
TBH Global Asset Management
Tennessee
$682K +$570K +24,139 New
Wells Fargo
48
Wells Fargo
California
$639K -$137K -5,791 -20%
California State Teachers Retirement System (CalSTRS)
49
California State Teachers Retirement System (CalSTRS)
California
$637K – – –
California Public Employees Retirement System
50
California Public Employees Retirement System
California
$625K +$204K +8,638 +64%
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IIIV Hedge Fund Activity: Q4 2019 in Review

96 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in i3 Verticals (IIIV) for Q4 2019, worth a combined $375M — up 39% from $271M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new IIIV positions and 13 closed out — a net gain of 4 holders — while 33 added to existing stakes and 31 trimmed.

The largest buyer was Russell Investments Group, adding an estimated $6.88M. The largest seller was ACK Asset Management, exiting entirely with an estimated $8.75M sold.

  • 96 institutional investors held i3 Verticals (IIIV) as of Q4 2019, up from 92 in Q3 2019.
  • Funds reported $375M of i3 Verticals stock for Q4 2019, up 39% quarter-over-quarter.
  • 17 funds opened new i3 Verticals positions in Q4 2019 and 13 closed out, a net change of +4 holders.
  • The largest i3 Verticals buyer in Q4 2019 was Russell Investments Group, an estimated $6.88M added.
  • The largest i3 Verticals seller in Q4 2019 was ACK Asset Management, an estimated $8.75M sold.

Based on aggregated 13F filings for Q4 2019.