i3 Verticals
IIIV
103 hedge funds and large institutions have $355M invested in i3 Verticals in 2019 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 35 increasing their positions, 15 reducing their positions, and 3 closing their positions.
1,200% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 3
133% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 15
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
70% more capital invested
Capital invested by funds: $208M → $355M (+$147M)
49% more funds holding
Funds holding: 69 → 103 (+34)
9.77% less ownership
Funds ownership: 94.37% → 84.6% (-9.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
TimesSquare Capital Management
New York
|
+$28.4M |
| 2 |
AAM
ACK Asset Management
Greenwich,
Connecticut
|
+$16M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$8.27M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$7.29M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$6.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HFA
Harbert Fund Advisors
Birmingham,
Alabama
|
-$26.2M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$3.97M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$3.08M |
| 4 |
CC
Crosslink Capital
Menlo Park,
California
|
-$2.13M |
| 5 |
AIS
AlphaOne Investment Services
West Chester,
Pennsylvania
|
-$1.51M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCP
101
Proficio Capital Partners
Newton,
Massachusetts
| $2K | – | – | – |
|
102
Fidelity Investments
Boston,
Massachusetts
| $2K | +$1.81K | +73 | New |
|
103
Millennium Management
New York
| – | -$757K | -31,518 | Closed |
|
|
ARTA
104
A.R.T. Advisors
New York
| – | -$238K | -9,900 | Closed |
|
105
Marshall Wace
London,
United Kingdom
| – | -$29K | -1,199 | Closed |
|
|
FGAM
106
Financial Gravity Asset Management
Lakeway,
Texas
| – | +$272 | +11 | New |
|
IIIV Hedge Fund Activity: Q2 2019 in Review
103 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in i3 Verticals (IIIV) for Q2 2019, worth a combined $355M — up 70% from $208M a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new IIIV positions and 3 closed out — a net gain of 36 holders — while 35 added to existing stakes and 15 trimmed.
The largest buyer was TimesSquare Capital Management, opening a new position worth an estimated $28.4M. The largest seller was Harbert Fund Advisors, cutting an estimated $26.2M.
- 103 institutional investors held i3 Verticals (IIIV) as of Q2 2019, up from 69 in Q1 2019.
- Funds reported $355M of i3 Verticals stock for Q2 2019, up 70% quarter-over-quarter.
- 39 funds opened new i3 Verticals positions in Q2 2019 and 3 closed out, a net change of +36 holders.
- The largest i3 Verticals buyer in Q2 2019 was TimesSquare Capital Management, an estimated $28.4M added.
- The largest i3 Verticals seller in Q2 2019 was Harbert Fund Advisors, an estimated $26.2M sold.
Based on aggregated 13F filings for Q2 2019.