i3 Verticals
IIIV
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.
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: 2 → 4 (+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: 153 → 153 (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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$11.5M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$10.3M |
| 3 |
VG
Visualize Group
New York
|
+$7.2M |
| 4 |
HCA
Harbor Capital Advisors
Chicago,
Illinois
|
+$6.89M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$5.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$17.1M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$7.63M |
| 3 |
Goldman Sachs
New York
|
-$5.72M |
| 4 |
EWA
EverSource Wealth Advisors
Birmingham,
Alabama
|
-$4.53M |
| 5 |
VC
Voss Capital
Houston,
Texas
|
-$2.53M |
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.