i3 Verticals
IIIV
130 hedge funds and large institutions have $402M invested in i3 Verticals in 2022 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 43 increasing their positions, 40 reducing their positions, and 17 closing their positions.
24% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 17
15% more call options, than puts
Call options by funds: $984K | Put options by funds: $853K
2% more funds holding
Funds holding: 128 → 130 (+2)
1.14% more ownership
Funds ownership: 90.86% → 92% (+1.1%)
8% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 40
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
19% less capital invested
Capital invested by funds: $494M → $402M (-$91.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIM
Ranger Investment Management
Dallas,
Texas
|
+$13.1M |
| 2 |
Millennium Management
New York
|
+$9.14M |
| 3 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
+$4.89M |
| 4 |
CC
Crosslink Capital
Menlo Park,
California
|
+$4.46M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$38.1M |
| 2 |
EMG
ETF Managers Group
Summit,
New Jersey
|
-$4.36M |
| 3 |
GIPM
G2 Investment Partners Management
New York
|
-$3.82M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$1.76M |
| 5 |
WB
WesBanco Bank
Wheeling,
West Virginia
|
-$1.23M |
IIIV Hedge Fund Activity: Q3 2022 in Review
130 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in i3 Verticals (IIIV) for Q3 2022, worth a combined $402M — down 19% from $494M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new IIIV positions and 17 closed out — a net gain of 4 holders — while 43 added to existing stakes and 40 trimmed.
The largest buyer was Ranger Investment Management, adding an estimated $13.1M. The largest seller was T. Rowe Price Associates, exiting entirely with an estimated $38.1M sold.
- 130 institutional investors held i3 Verticals (IIIV) as of Q3 2022, up from 128 in Q2 2022.
- Funds reported $402M of i3 Verticals stock for Q3 2022, down 19% quarter-over-quarter.
- 21 funds opened new i3 Verticals positions in Q3 2022 and 17 closed out, a net change of +4 holders.
- The largest i3 Verticals buyer in Q3 2022 was Ranger Investment Management, an estimated $13.1M added.
- The largest i3 Verticals seller in Q3 2022 was T. Rowe Price Associates, an estimated $38.1M sold.
Based on aggregated 13F filings for Q3 2022.