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i3 Verticals
IIIV

137 hedge funds and large institutions have $450M invested in i3 Verticals in 2023 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 43 increasing their positions, 50 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 12

1% more funds holding

Funds holding: 135 → 137 (+2)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.03% less ownership

Funds ownership: 91.6% → 91.58% (-0.03%)

7% less capital invested

Capital invested by funds: $486M → $450M (-$36.1M)

14% less repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 50

74% less call options, than puts

Call options by funds: $173K | Put options by funds: $653K

Holders
137
Holders Change
+2
Holders Change %
+1.48%
% of All Funds
2.17%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
14
Increased
43
Reduced
50
Closed
12
Calls
$173K
Puts
$653K
Net Calls
-$480K
Net Calls Change
-$592K

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$8.99M
2
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
+$7.45M
3
VC
Voss Capital
Texas
+$5.84M
4
2C
272 Capital
Texas
+$2.73M
5
Millennium Management
Millennium Management
New York
+$2.45M

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$6.58M
2
Neuberger Berman Group
Neuberger Berman Group
New York
-$5.06M
3
PCM
Portolan Capital Management
Massachusetts
-$4.99M
4
Allspring Global Investments
Allspring Global Investments
North Carolina
-$3.41M
5
MIM
Meros Investment Management
Texas
-$2.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
Northern Trust
26
Northern Trust
Illinois
$4.62M -$28K -1,210 -0.6%
CIM
27
Confluence Investment Management
Missouri
$3.71M -$269K -11,633 -6%
GLA
28
Great Lakes Advisors
Illinois
$3.66M -$883K -38,175 -18%
Wells Fargo
29
Wells Fargo
California
$3.35M -$1.6M -69,103 -30%
WMSA
30
Weiss Multi-Strategy Advisers
New York
$2.99M +$1.35M +58,485 +70%
GI
31
GAMCO Investors
Connecticut
$2.71M -$749K -32,367 -20%
N
32
Nuveen
North Carolina
$2.63M -$948K -40,974 -25%
Goldman Sachs
33
Goldman Sachs
New York
$2.59M -$195K -8,409 -6%
2C
34
272 Capital
Texas
$2.49M +$2.73M +117,892 New
Bank of New York Mellon
35
Bank of New York Mellon
New York
$2.43M +$40.5K +1,749 +2%
Allspring Global Investments
36
Allspring Global Investments
North Carolina
$2.26M -$3.41M -147,474 -58%
Envestnet Asset Management
37
Envestnet Asset Management
Illinois
$2.23M +$430K +18,567 +21%
CIBC Private Wealth Group
38
CIBC Private Wealth Group
Georgia
$2.1M +$2.3M +99,218 New
TA
39
Teton Advisors
New York
$2.05M – – –
KCM
40
Kennedy Capital Management
Missouri
$2.02M +$11K +475 +0.5%
RJFSA
41
Raymond James Financial Services Advisors
Florida
$1.83M +$35.6K +1,538 +2%
Stifel Financial
42
Stifel Financial
Missouri
$1.82M -$43.4K -1,875 -2%
Wellington Management Group
43
Wellington Management Group
Massachusetts
$1.82M -$6.58M -284,344 -77%
SEI Investments
44
SEI Investments
Pennsylvania
$1.82M -$1.94M -83,768 -49%
Two Sigma Investments
45
Two Sigma Investments
New York
$1.8M +$470K +20,317 +31%
Morgan Stanley
46
Morgan Stanley
New York
$1.73M -$5.81K -251 -0.3%
HFA
47
Harbert Fund Advisors
Alabama
$1.73M – – –
D.E. Shaw & Co
48
D.E. Shaw & Co
New York
$1.69M +$467K +20,163 +34%
KCM
49
Kornitzer Capital Management
Kansas
$1.68M – – –
RJA
50
Raymond James & Associates
Florida
$1.64M +$400K +17,297 +29%
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IIIV Hedge Fund Activity: Q3 2023 in Review

137 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in i3 Verticals (IIIV) for Q3 2023, worth a combined $450M — down 7.4% from $486M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new IIIV positions and 12 closed out — a net gain of 2 holders — while 43 added to existing stakes and 50 trimmed.

The largest buyer was Ameriprise, adding an estimated $8.99M. The largest seller was Wellington Management Group, cutting an estimated $6.58M.

  • 137 institutional investors held i3 Verticals (IIIV) as of Q3 2023, up from 135 in Q2 2023.
  • Funds reported $450M of i3 Verticals stock for Q3 2023, down 7.4% quarter-over-quarter.
  • 14 funds opened new i3 Verticals positions in Q3 2023 and 12 closed out, a net change of +2 holders.
  • The largest i3 Verticals buyer in Q3 2023 was Ameriprise, an estimated $8.99M added.
  • The largest i3 Verticals seller in Q3 2023 was Wellington Management Group, an estimated $6.58M sold.

Based on aggregated 13F filings for Q3 2023.