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i3 Verticals
IIIV

130 hedge funds and large institutions have $402M invested in i3 Verticals in 2022 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 43 increasing their positions, 40 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 17

15% more call options, than puts

Call options by funds: $984K | Put options by funds: $853K

2% more funds holding

Funds holding: 128 → 130 (+2)

1.14% more ownership

Funds ownership: 90.86% → 92% (+1.1%)

8% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 40

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

19% less capital invested

Capital invested by funds: $494M → $402M (-$91.8M)

Holders
130
Holders Change
+2
Holders Change %
+1.56%
% of All Funds
2.24%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
21
Increased
43
Reduced
40
Closed
17
Calls
$984K
Puts
$853K
Net Calls
+$131K
Net Calls Change
-$845K

Top Buyers

Rank Fund Capital Flow
1
RIM
Ranger Investment Management
Texas
+$13.1M
2
Millennium Management
Millennium Management
New York
+$9.14M
3
HA
Heartland Advisors
Wisconsin
+$4.89M
4
CC
Crosslink Capital
California
+$4.46M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$3.38M

Top Sellers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$38.1M
2
EMG
ETF Managers Group
New Jersey
-$4.36M
3
GIPM
G2 Investment Partners Management
New York
-$3.82M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$1.76M
5
WB
WesBanco Bank
West Virginia
-$1.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
Northern Trust
26
Northern Trust
Illinois
$4.28M +$6.55K +269 +0.1%
Wells Fargo
27
Wells Fargo
California
$4.06M -$945K -38,805 -16%
HA
28
Heartland Advisors
Wisconsin
$4.02M +$4.89M +200,700 New
Marshall Wace
29
Marshall Wace
United Kingdom
$3.95M +$3.21M +131,940 +202%
GI
30
GAMCO Investors
Connecticut
$3.62M -$47.4K -1,948 -1%
Ameriprise
31
Ameriprise
Minnesota
$3.61M -$197K -8,108 -4%
RCAMU
32
Rothschild & Co Asset Management US
Connecticut
$3.56M +$1.03M +42,105 +31%
Morgan Stanley
33
Morgan Stanley
New York
$3.03M -$1.04M -42,788 -22%
MPAM
34
Monarch Partners Asset Management
Massachusetts
$2.79M +$1.23M +50,420 +57%
Bank of New York Mellon
35
Bank of New York Mellon
New York
$2.6M +$89.5K +3,675 +3%
MIM
36
Meros Investment Management
Texas
$2.22M +$2.7M +111,052 New
EMG
37
ETF Managers Group
New Jersey
$2.2M -$4.36M -178,882 -62%
TA
38
Teton Advisors
New York
$2.2M -$122K -5,000 -4%
KCM
39
Kornitzer Capital Management
Kansas
$2.04M – – –
RJFSA
40
Raymond James Financial Services Advisors
Florida
$2.02M -$188K -7,723 -7%
Stifel Financial
41
Stifel Financial
Missouri
$1.76M -$7.21K -296 -0.3%
RJA
42
Raymond James & Associates
Florida
$1.73M -$81.7K -3,356 -4%
HFA
43
Harbert Fund Advisors
Alabama
$1.64M – – –
Citadel Advisors
44
Citadel Advisors
Florida
$1.63M +$1.98M +81,261 New
KCM
45
Kennedy Capital Management
Missouri
$1.56M -$3.31K -136 -0.2%
Mirae Asset Global Investments
46
Mirae Asset Global Investments
South Korea
$1.54M +$1.87M +76,827 New
N
47
Nuveen
North Carolina
$1.49M -$318K -13,056 -15%
GF
48
Gabelli Funds
New York
$1.36M -$36.5K -1,500 -2%
CCA
49
Conestoga Capital Advisors
Pennsylvania
$1.34M – – –
SEI Investments
50
SEI Investments
Pennsylvania
$1.33M +$222K +9,099 +16%
1
2
3 4 5

IIIV Hedge Fund Activity: Q3 2022 in Review

130 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in i3 Verticals (IIIV) for Q3 2022, worth a combined $402M — down 19% from $494M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new IIIV positions and 17 closed out — a net gain of 4 holders — while 43 added to existing stakes and 40 trimmed.

The largest buyer was Ranger Investment Management, adding an estimated $13.1M. The largest seller was T. Rowe Price Associates, exiting entirely with an estimated $38.1M sold.

  • 130 institutional investors held i3 Verticals (IIIV) as of Q3 2022, up from 128 in Q2 2022.
  • Funds reported $402M of i3 Verticals stock for Q3 2022, down 19% quarter-over-quarter.
  • 21 funds opened new i3 Verticals positions in Q3 2022 and 17 closed out, a net change of +4 holders.
  • The largest i3 Verticals buyer in Q3 2022 was Ranger Investment Management, an estimated $13.1M added.
  • The largest i3 Verticals seller in Q3 2022 was T. Rowe Price Associates, an estimated $38.1M sold.

Based on aggregated 13F filings for Q3 2022.