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i3 Verticals
IIIV

135 hedge funds and large institutions have $492M invested in i3 Verticals in 2024 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 42 increasing their positions, 51 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

516% more call options, than puts

Call options by funds: $2.23M | Put options by funds: $361K

11% more capital invested

Capital invested by funds: $444M → $492M (+$48.4M)

2.35% more ownership

Funds ownership: 90.07% → 92.43% (+2.4%)

9% less funds holding

Funds holding: 149 → 135 (-14)

18% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 51

40% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 35

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
135
Holders Change
-14
Holders Change %
-9.4%
% of All Funds
1.94%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
21
Increased
42
Reduced
51
Closed
35
Calls
$2.23M
Puts
$361K
Net Calls
+$1.86M
Net Calls Change
+$2.27M

Top Buyers

1
PCM
Portolan Capital Management
Massachusetts
+$13.3M
2
CCPM
Cooper Creek Partners Management
New York
+$7.31M
3
HRCM
Hood River Capital Management
Florida
+$7.01M
4
GCM
Greenland Capital Management
New York
+$3.72M
5
Morgan Stanley
Morgan Stanley
New York
+$3.71M

Top Sellers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$12.9M
2
Millennium Management
Millennium Management
New York
-$6.44M
3
VC
Voss Capital
Texas
-$3.32M
4
CP
Covenant Partners
Tennessee
-$1.81M
5
GLA
Great Lakes Advisors
Illinois
-$1.66M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
76
UBS Group
Switzerland
$644K -$35.9K -1,728 -6%
UBS AM
77
UBS AM
Illinois
$639K – – –
Marshall Wace
78
Marshall Wace
United Kingdom
$626K -$364K -17,521 -39%
Wells Fargo
79
Wells Fargo
California
$621K -$1.13M -54,281 -67%
CS
80
Credit Suisse
Switzerland
$619K – – –
Jane Street
81
Jane Street
New York
$567K -$242K -11,670 -32%
TGAM
82
TBH Global Asset Management
Tennessee
$534K – – –
California State Teachers Retirement System (CalSTRS)
83
California State Teachers Retirement System (CalSTRS)
California
$531K -$25.5K -1,230 -5%
ECM
84
ExodusPoint Capital Management
New York
$527K +$3.72K +179 +0.8%
BNP Paribas Financial Markets
85
BNP Paribas Financial Markets
France
$456K +$43.3K +2,085 +12%
Bank of America
86
Bank of America
North Carolina
$447K -$219K -10,565 -35%
CCIA
87
Campbell & Co Investment Adviser
Maryland
$425K -$145K -6,960 -27%
NYLIM
88
New York Life Investment Management
New York
$372K +$337K +16,238 New
Los Angeles Capital Management
89
Los Angeles Capital Management
California
$362K -$21.6K -1,042 -6%
Deutsche Bank
90
Deutsche Bank
Germany
$355K +$55K +2,650 +21%
CAM
91
Cresset Asset Management
Illinois
$353K +$5K +241 +2%
P
92
Pitcairn
Pennsylvania
$316K +$36.7K +1,767 +15%
SEI Investments
93
SEI Investments
Pennsylvania
$310K -$823K -39,610 -75%
JP Morgan Chase
94
JP Morgan Chase
New York
$307K -$34K -1,638 -11%
NRD
95
Nebula Research & Development
New York
$307K -$16.2K -782 -6%
Fidelity Investments
96
Fidelity Investments
Massachusetts
$281K -$4.57K -220 -2%
AIG
97
American International Group
New York
$254K -$1.97K -95 -0.8%
MIM
98
MetLife Investment Management
New Jersey
$253K – – –
AllianceBernstein
99
AllianceBernstein
Tennessee
$252K -$66.5K -3,200 -23%
LIA
100
LBMC Investment Advisors
Tennessee
$245K – – –
2 3
4
5 6

IIIV Hedge Fund Activity: Q1 2024 in Review

135 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in i3 Verticals (IIIV) for Q1 2024, worth a combined $492M — up 11% from $444M a quarter earlier.

Sellers outnumbered buyers: 35 funds closed out of IIIV and 21 opened new positions — a net loss of 14 holders — while 51 trimmed existing stakes and 42 added.

The largest buyer was Portolan Capital Management, adding an estimated $13.3M. The largest seller was Royal Bank of Canada, cutting an estimated $12.9M.

  • 135 institutional investors held i3 Verticals (IIIV) as of Q1 2024, down from 149 in Q4 2023.
  • Funds reported $492M of i3 Verticals stock for Q1 2024, up 11% quarter-over-quarter.
  • 21 funds opened new i3 Verticals positions in Q1 2024 and 35 closed out, a net change of -14 holders.
  • The largest i3 Verticals buyer in Q1 2024 was Portolan Capital Management, an estimated $13.3M added.
  • The largest i3 Verticals seller in Q1 2024 was Royal Bank of Canada, an estimated $12.9M sold.

Based on aggregated 13F filings for Q1 2024.