i3 Verticals
IIIV
114 hedge funds and large institutions have $625M invested in i3 Verticals in 2021 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 47 increasing their positions, 37 reducing their positions, and 15 closing their positions.
39% more call options, than puts
Call options by funds: $1.28M | Put options by funds: $923K
27% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 37
4% less capital invested
Capital invested by funds: $648M → $625M (-$23.2M)
4% less funds holding
Funds holding: 119 → 114 (-5)
8.94% less ownership
Funds ownership: 103.56% → 94.62% (-8.9%)
27% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 15
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Geneva Capital Management
Milwaukee,
Wisconsin
|
+$11.8M |
| 2 |
EMG
ETF Managers Group
Summit,
New Jersey
|
+$10.3M |
| 3 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$4.74M |
| 4 |
FA
Friess Associates
Greenville,
Delaware
|
+$3.97M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
TimesSquare Capital Management
New York
|
-$6.71M |
| 2 |
HFA
Harbert Fund Advisors
Birmingham,
Alabama
|
-$6.37M |
| 3 |
Millennium Management
New York
|
-$4.9M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$4.67M |
| 5 |
CAM
ClariVest Asset Management
San Diego,
California
|
-$3.42M |
IIIV Hedge Fund Activity: Q1 2021 in Review
114 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in i3 Verticals (IIIV) for Q1 2021, worth a combined $625M — down 3.6% from $648M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of IIIV and 11 opened new positions — a net loss of 4 holders — while 37 trimmed existing stakes and 47 added.
The largest buyer was Geneva Capital Management, adding an estimated $11.8M. The largest seller was TimesSquare Capital Management, cutting an estimated $6.71M.
- 114 institutional investors held i3 Verticals (IIIV) as of Q1 2021, down from 119 in Q4 2020.
- Funds reported $625M of i3 Verticals stock for Q1 2021, down 3.6% quarter-over-quarter.
- 11 funds opened new i3 Verticals positions in Q1 2021 and 15 closed out, a net change of -4 holders.
- The largest i3 Verticals buyer in Q1 2021 was Geneva Capital Management, an estimated $11.8M added.
- The largest i3 Verticals seller in Q1 2021 was TimesSquare Capital Management, an estimated $6.71M sold.
Based on aggregated 13F filings for Q1 2021.