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i3 Verticals

153 hedge funds and large institutions have $567M invested in i3 Verticals in 2025 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 43 increasing their positions, 59 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

9,100% more call options, than puts

Call options by funds: $920K | Put options by funds: $10K

100% more funds holding in top 10

Funds holding in top 10: 24 (+2)

12% more capital invested

Capital invested by funds: $508M → $567M (+$59.1M)

4.34% more ownership

Funds ownership: 93.7%98.04% (+4.3%)

0% more funds holding

Funds holding: 153153 (0)

0% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 23

27% less repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 59

Holders
153
Holders Change
Holders Change %
0%
% of All Funds
2.05%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
23
Increased
43
Reduced
59
Closed
23
Calls
$920K
Puts
$10K
Net Calls
+$910K
Net Calls Change
-$1.02M
Name Holding Trade Value Shares
Change
Change in
Stake
HCA
26
Harbor Capital Advisors
Illinois
$6.71M +$6.89M +272,044 New
LCM
27
Legato Capital Management
California
$6.07M +$1.58M +62,460 +34%
ACA
28
AYAL Capital Advisors
Ontario, Canada
$6.01M -$409K -16,137 -6%
Bank of America
29
Bank of America
North Carolina
$5.99M +$5.21M +205,707 +555%
KLP
30
Kent Lake PR
Puerto Rico
$5.91M +$2.27M +89,642 +60%
New York State Common Retirement Fund
31
New York State Common Retirement Fund
New York
$5.73M +$1.43M +56,320 +32%
Northern Trust
32
Northern Trust
Illinois
$5.29M -$155K -6,115 -3%
Thrivent Financial for Lutherans
33
Thrivent Financial for Lutherans
Minnesota
$3.6M +$3.7M +146,105 New
Morgan Stanley
34
Morgan Stanley
New York
$3.52M +$120K +4,730 +3%
MC
35
McMorgan & Co
California
$3.29M -$10.1K -400 -0.3%
PVM
36
Palogic Value Management
Texas
$3.21M -$501K -19,789 -13%
KCM
37
Kennedy Capital Management
Missouri
$3.15M -$78.1K -3,084 -2%
UBS Group
38
UBS Group
Switzerland
$2.57M +$1.94M +76,730 +278%
Envestnet Asset Management
39
Envestnet Asset Management
Illinois
$2.3M +$210K +8,277 +10%
Bank of New York Mellon
40
Bank of New York Mellon
New York
$2.18M -$22.7K -896 -1%
GI
41
GAMCO Investors
Connecticut
$2.16M -$125K -4,953 -5%
Stifel Financial
42
Stifel Financial
Missouri
$1.98M -$168K -6,614 -8%
HFA
43
Harbert Fund Advisors
Alabama
$1.94M -$76.2K -3,009 -4%
Victory Capital Management
44
Victory Capital Management
Texas
$1.76M -$32.4K -1,279 -2%
Goldman Sachs
45
Goldman Sachs
New York
$1.74M -$5.72M -225,887 -76%
Mariner
46
Mariner
Kansas
$1.74M +$1.16M +45,899 +187%
CCA
47
Conestoga Capital Advisors
Pennsylvania
$1.72M
DIA
48
Dana Investment Advisors
Wisconsin
$1.66M -$88K -3,474 -5%
Charles Schwab
49
Charles Schwab
California
$1.64M +$836 +33 +0%
WB
50
WesBanco Bank
West Virginia
$1.6M

IIIV Hedge Fund Activity: Q1 2025 in Review

153 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in i3 Verticals (IIIV) for Q1 2025, worth a combined $567M — up 12% from $508M a quarter earlier.

Fund positioning in IIIV was balanced in Q1 2025: 23 funds opened new positions, 23 closed out, 43 added to existing stakes and 59 trimmed.

The largest buyer was Punch & Associates Investment Management, opening a new position worth an estimated $11.5M. The largest seller was Hood River Capital Management, exiting entirely with an estimated $17.1M sold.

  • 153 institutional investors held i3 Verticals (IIIV) as of Q1 2025, unchanged from Q4 2024.
  • Funds reported $567M of i3 Verticals stock for Q1 2025, up 12% quarter-over-quarter.
  • 23 funds opened new i3 Verticals positions in Q1 2025 and 23 closed out, a net change of 0 holders.
  • The largest i3 Verticals buyer in Q1 2025 was Punch & Associates Investment Management, an estimated $11.5M added.
  • The largest i3 Verticals seller in Q1 2025 was Hood River Capital Management, an estimated $17.1M sold.

Based on aggregated 13F filings for Q1 2025.