i3 Verticals
IIIV
66 hedge funds and large institutions have $210M invested in i3 Verticals in 2018 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 24 increasing their positions, 23 reducing their positions, and 15 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
39% more capital invested
Capital invested by funds: $152M → $210M (+$58.6M)
23.09% more ownership
Funds ownership: 72.64% → 95.72% (+23%)
4% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 23
6% less funds holding
Funds holding: 70 → 66 (-4)
20% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$13.8M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.3M |
| 3 |
RIM
Ranger Investment Management
Dallas,
Texas
|
+$2.7M |
| 4 |
BlackRock
New York
|
+$2.29M |
| 5 |
CC
Crosslink Capital
Menlo Park,
California
|
+$1.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$4.65M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$4.07M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
-$2.3M |
| 4 |
Two Sigma Investments
New York
|
-$1.74M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.56M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Barclays
London,
United Kingdom
| – | -$66K | -2,889 | Closed |
|
|
SO
77
STRS Ohio
Columbus,
Ohio
| – | -$50K | -2,200 | Closed |
|
|
OSAM
78
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$33K | -1,422 | Closed |
|
|
IA
79
IFP Advisors
Tampa,
Florida
| – | -$11K | -500 | Closed |
|
|
TRCT
80
Tower Research Capital (TRC)
New York
| – | -$1K | -51 | Closed |
|
|
AIM
81
Advantage Investment Management
Cedar Rapids,
Iowa
| – | -$1K | -25 | Closed |
|
IIIV Hedge Fund Activity: Q4 2018 in Review
66 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in i3 Verticals (IIIV) for Q4 2018, worth a combined $210M — up 39% from $152M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of IIIV and 12 opened new positions — a net loss of 3 holders — while 23 trimmed existing stakes and 24 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $13.8M. The largest seller was Franklin Resources, cutting an estimated $4.65M.
- 66 institutional investors held i3 Verticals (IIIV) as of Q4 2018, down from 70 in Q3 2018.
- Funds reported $210M of i3 Verticals stock for Q4 2018, up 39% quarter-over-quarter.
- 12 funds opened new i3 Verticals positions in Q4 2018 and 15 closed out, a net change of -3 holders.
- The largest i3 Verticals buyer in Q4 2018 was T. Rowe Price Associates, an estimated $13.8M added.
- The largest i3 Verticals seller in Q4 2018 was Franklin Resources, an estimated $4.65M sold.
Based on aggregated 13F filings for Q4 2018.