i3 Verticals
IIIV
92 hedge funds and large institutions have $271M invested in i3 Verticals in 2019 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 53 increasing their positions, 14 reducing their positions, and 28 closing their positions.
279% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 14
29% more call options, than puts
Call options by funds: $281K | Put options by funds: $217K
8.21% more ownership
Funds ownership: 84.6% → 92.82% (+8.2%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
11% less funds holding
Funds holding: 103 → 92 (-11)
24% less capital invested
Capital invested by funds: $355M → $271M (-$84.2M)
39% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIM
Ranger Investment Management
Dallas,
Texas
|
+$17.7M |
| 2 |
CP
Covenant Partners
Nashville,
Tennessee
|
+$8.54M |
| 3 |
BlackRock
New York
|
+$6.2M |
| 4 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
+$4.19M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
+$3.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$8.68M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$7.61M |
| 3 |
AAM
ACK Asset Management
Greenwich,
Connecticut
|
-$6.51M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$5.6M |
| 5 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$4.71M |
IIIV Hedge Fund Activity: Q3 2019 in Review
92 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in i3 Verticals (IIIV) for Q3 2019, worth a combined $271M — down 24% from $355M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of IIIV and 17 opened new positions — a net loss of 11 holders — while 14 trimmed existing stakes and 53 added.
The largest buyer was Ranger Investment Management, adding an estimated $17.7M. The largest seller was Polar Asset Management Partners, exiting entirely with an estimated $8.68M sold.
- 92 institutional investors held i3 Verticals (IIIV) as of Q3 2019, down from 103 in Q2 2019.
- Funds reported $271M of i3 Verticals stock for Q3 2019, down 24% quarter-over-quarter.
- 17 funds opened new i3 Verticals positions in Q3 2019 and 28 closed out, a net change of -11 holders.
- The largest i3 Verticals buyer in Q3 2019 was Ranger Investment Management, an estimated $17.7M added.
- The largest i3 Verticals seller in Q3 2019 was Polar Asset Management Partners, an estimated $8.68M sold.
Based on aggregated 13F filings for Q3 2019.