We are live on ! Find out more
IIIV icon

i3 Verticals
IIIV

135 hedge funds and large institutions have $486M invested in i3 Verticals in 2023 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 53 increasing their positions, 44 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

95% more call options, than puts

Call options by funds: $230K | Put options by funds: $118K

20% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 44

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

1.92% less ownership

Funds ownership: 93.53% → 91.6% (-1.9%)

3% less funds holding

Funds holding: 139 → 135 (-4)

8% less capital invested

Capital invested by funds: $530M → $486M (-$44.2M)

20% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 15

Holders
135
Holders Change
-4
Holders Change %
-2.88%
% of All Funds
2.12%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
12
Increased
53
Reduced
44
Closed
15
Calls
$230K
Puts
$118K
Net Calls
+$112K
Net Calls Change
-$435K

Top Buyers

Rank Fund Capital Flow
1
VC
Voss Capital
Texas
+$5.89M
2
CC
Crosslink Capital
California
+$4.37M
3
HA
Heartland Advisors
Wisconsin
+$2.61M
4
Two Sigma Investments
Two Sigma Investments
New York
+$1.51M
5
RIM
Ranger Investment Management
Texas
+$1.31M

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$15.5M
2
DCM
Driehaus Capital Management
Illinois
-$5.35M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$2.4M
4
GIPM
G2 Investment Partners Management
New York
-$2.14M
5
EMFAT
Emerald Mutual Fund Advisers Trust
Pennsylvania
-$1.95M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
26
Wells Fargo
California
$5.21M -$740K -31,733 -12%
Neuberger Berman Group
27
Neuberger Berman Group
New York
$5.06M +$1.17M +49,995 +29%
Northern Trust
28
Northern Trust
Illinois
$5.02M -$56K -2,404 -1%
GLA
29
Great Lakes Advisors
Illinois
$4.83M -$1.78M -76,348 -27%
SAM
30
Silvercrest Asset Management
New York
$4.79M +$690K +29,585 +16%
MIM
31
Meros Investment Management
Texas
$4.32M +$540K +23,148 +14%
CIM
32
Confluence Investment Management
Missouri
$4.28M -$274K -11,754 -6%
SEI Investments
33
SEI Investments
Pennsylvania
$3.88M +$127K +5,439 +3%
N
34
Nuveen
North Carolina
$3.78M +$1.18M +50,623 +44%
GI
35
GAMCO Investors
Connecticut
$3.67M -$163K -7,013 -4%
EMFAT
36
Emerald Mutual Fund Advisers Trust
Pennsylvania
$3.33M -$1.95M -83,546 -36%
Goldman Sachs
37
Goldman Sachs
New York
$2.99M -$571K -24,508 -16%
Renaissance Technologies
38
Renaissance Technologies
New York
$2.73M +$143K +6,115 +5%
Bank of New York Mellon
39
Bank of New York Mellon
New York
$2.59M -$51.7K -2,217 -2%
DCM
40
Driehaus Capital Management
Illinois
$2.48M -$5.35M -229,582 -68%
TA
41
Teton Advisors
New York
$2.21M -$117K -5,000 -5%
KCM
42
Kennedy Capital Management
Missouri
$2.17M +$391K +16,754 +21%
Stifel Financial
43
Stifel Financial
Missouri
$2.01M +$1.63K +70 +0.1%
Envestnet Asset Management
44
Envestnet Asset Management
Illinois
$1.99M -$123K -5,284 -6%
RJFSA
45
Raymond James Financial Services Advisors
Florida
$1.94M -$261K -11,178 -12%
WMSA
46
Weiss Multi-Strategy Advisers
New York
$1.9M -$741K -31,793 -28%
Morgan Stanley
47
Morgan Stanley
New York
$1.87M +$43.3K +1,859 +2%
HFA
48
Harbert Fund Advisors
Alabama
$1.87M – – –
KCM
49
Kornitzer Capital Management
Kansas
$1.82M – – –
PVM
50
Palogic Value Management
Texas
$1.66M – – –
1
2
3 4 5

IIIV Hedge Fund Activity: Q2 2023 in Review

135 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in i3 Verticals (IIIV) for Q2 2023, worth a combined $486M — down 8.3% from $530M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of IIIV and 12 opened new positions — a net loss of 3 holders — while 44 trimmed existing stakes and 53 added.

The largest buyer was Voss Capital, adding an estimated $5.89M. The largest seller was Wellington Management Group, cutting an estimated $15.5M.

  • 135 institutional investors held i3 Verticals (IIIV) as of Q2 2023, down from 139 in Q1 2023.
  • Funds reported $486M of i3 Verticals stock for Q2 2023, down 8.3% quarter-over-quarter.
  • 12 funds opened new i3 Verticals positions in Q2 2023 and 15 closed out, a net change of -3 holders.
  • The largest i3 Verticals buyer in Q2 2023 was Voss Capital, an estimated $5.89M added.
  • The largest i3 Verticals seller in Q2 2023 was Wellington Management Group, an estimated $15.5M sold.

Based on aggregated 13F filings for Q2 2023.