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i3 Verticals
IIIV

133 hedge funds and large institutions have $504M invested in i3 Verticals in 2022 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 43 increasing their positions, 44 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

25% more capital invested

Capital invested by funds: $402M → $504M (+$102M)

18% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 17

2% more funds holding

Funds holding: 130 → 133 (+3)

0.18% less ownership

Funds ownership: 92% → 91.82% (-0.18%)

2% less repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 44

10% less call options, than puts

Call options by funds: $1.1M | Put options by funds: $1.22M

Holders
133
Holders Change
+3
Holders Change %
+2.31%
% of All Funds
2.14%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.06%
New
20
Increased
43
Reduced
44
Closed
17
Calls
$1.1M
Puts
$1.22M
Net Calls
-$119K
Net Calls Change
-$250K

Top Buyers

1
HA
Heartland Advisors
Wisconsin
+$4.5M
2
CC
Crosslink Capital
California
+$3.99M
3
PCM
Portolan Capital Management
Massachusetts
+$3.68M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$3.38M
5
RCAMU
Rothschild & Co Asset Management US
Connecticut
+$3M

Top Sellers

1
Millennium Management
Millennium Management
New York
-$6.9M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$3.63M
3
DCM
Driehaus Capital Management
Illinois
-$2.69M
4
GIPM
G2 Investment Partners Management
New York
-$1.44M
5
WA
Wasatch Advisors
Utah
-$1.32M
Name Holding Trade Value Shares
Change 		Change in
Stake
Northern Trust
26
Northern Trust
Illinois
$5.17M -$32.4K -1,435 -0.7%
CIM
27
Confluence Investment Management
Missouri
$4.95M -$407K -18,040 -8%
Marshall Wace
28
Marshall Wace
United Kingdom
$4.76M -$41.3K -1,830 -0.9%
Ameriprise
29
Ameriprise
Minnesota
$4.36M -$19.4K -861 -0.5%
GI
30
GAMCO Investors
Connecticut
$4.34M -$58.9K -2,611 -1%
Goldman Sachs
31
Goldman Sachs
New York
$4.25M -$1.19M -52,764 -23%
MIM
32
Meros Investment Management
Texas
$4.07M +$1.26M +55,939 +50%
GIPM
33
G2 Investment Partners Management
New York
$4.06M -$1.44M -64,000 -28%
SEI Investments
34
SEI Investments
Pennsylvania
$3.16M +$1.43M +63,353 +95%
Citadel Advisors
35
Citadel Advisors
Florida
$3.03M +$975K +43,231 +53%
Bank of New York Mellon
36
Bank of New York Mellon
New York
$2.8M -$336K -14,901 -11%
Morgan Stanley
37
Morgan Stanley
New York
$2.77M -$839K -37,169 -25%
N
38
Nuveen
North Carolina
$2.62M +$749K +33,216 +45%
MPAM
39
Monarch Partners Asset Management
Massachusetts
$2.61M -$729K -32,319 -23%
KCM
40
Kornitzer Capital Management
Kansas
$2.48M – – –
TA
41
Teton Advisors
New York
$2.48M -$185K -8,209 -7%
RJFSA
42
Raymond James Financial Services Advisors
Florida
$2.48M +$26.3K +1,165 +1%
EMG
43
ETF Managers Group
New Jersey
$2.26M -$388K -17,216 -16%
WMSA
44
Weiss Multi-Strategy Advisers
New York
$2.15M +$2M +88,549 New
Stifel Financial
45
Stifel Financial
Missouri
$2.15M +$12.2K +540 +0.6%
HFA
46
Harbert Fund Advisors
Alabama
$1.99M – – –
KCM
47
Kennedy Capital Management
Missouri
$1.9M +$1.13K +50 +0.1%
PVM
48
Palogic Value Management
Texas
$1.76M +$1.64M +72,500 New
GF
49
Gabelli Funds
New York
$1.66M – – –
Mirae Asset Global Investments
50
Mirae Asset Global Investments
South Korea
$1.64M -$210K -9,317 -12%
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IIIV Hedge Fund Activity: Q4 2022 in Review

133 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in i3 Verticals (IIIV) for Q4 2022, worth a combined $504M — up 25% from $402M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new IIIV positions and 17 closed out — a net gain of 3 holders — while 43 added to existing stakes and 44 trimmed.

The largest buyer was Heartland Advisors, adding an estimated $4.5M. The largest seller was Millennium Management, cutting an estimated $6.9M.

  • 133 institutional investors held i3 Verticals (IIIV) as of Q4 2022, up from 130 in Q3 2022.
  • Funds reported $504M of i3 Verticals stock for Q4 2022, up 25% quarter-over-quarter.
  • 20 funds opened new i3 Verticals positions in Q4 2022 and 17 closed out, a net change of +3 holders.
  • The largest i3 Verticals buyer in Q4 2022 was Heartland Advisors, an estimated $4.5M added.
  • The largest i3 Verticals seller in Q4 2022 was Millennium Management, an estimated $6.9M sold.

Based on aggregated 13F filings for Q4 2022.