i3 Verticals
IIIV
96 hedge funds and large institutions have $375M invested in i3 Verticals in 2019 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 33 increasing their positions, 31 reducing their positions, and 13 closing their positions.
171% more call options, than puts
Call options by funds: $1.02M | Put options by funds: $378K
39% more capital invested
Capital invested by funds: $271M → $375M (+$105M)
31% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 13
4% more funds holding
Funds holding: 92 → 96 (+4)
6% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 31
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.16% less ownership
Funds ownership: 92.82% → 91.66% (-1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Russell Investments Group
London,
United Kingdom
|
+$6.88M |
| 2 |
Millennium Management
New York
|
+$4.94M |
| 3 |
ORI
Oak Ridge Investments
Chicago,
Illinois
|
+$4.71M |
| 4 |
State Street
Boston,
Massachusetts
|
+$1.58M |
| 5 |
RIM
Ranger Investment Management
Dallas,
Texas
|
+$1.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
ACK Asset Management
Greenwich,
Connecticut
|
-$8.75M |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$2.65M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
-$2.29M |
| 4 |
SC
Southside Capital
Miami Beach,
Florida
|
-$2.14M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.86M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Credit Agricole
Montrouge Cedex,
France
| – | -$293K | -14,550 | Closed |
|
|
PCM
102
Pentwater Capital Management
Naples,
Florida
| – | -$262K | -13,000 | Closed |
|
|
DT
103
Diversified Trust
Memphis,
Tennessee
| – | -$258K | -12,823 | Closed |
|
104
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$271K | -11,492 | Closed |
|
105
Bessemer Group
Woodbridge,
New Jersey
| – | -$225K | -11,200 | Closed |
|
|
GCP
106
GSA Capital Partners
London,
United Kingdom
| – | -$214K | -10,637 | Closed |
|
|
TRCT
107
Tower Research Capital (TRC)
New York
| – | -$40K | -1,967 | Closed |
|
|
MAM
108
Meeder Asset Management
Dublin,
Ohio
| – | -$8K | -376 | Closed |
|
|
PAM
109
Panagora Asset Management
Boston,
Massachusetts
| – | -$2K | -122 | Closed |
|
IIIV Hedge Fund Activity: Q4 2019 in Review
96 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in i3 Verticals (IIIV) for Q4 2019, worth a combined $375M — up 39% from $271M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new IIIV positions and 13 closed out — a net gain of 4 holders — while 33 added to existing stakes and 31 trimmed.
The largest buyer was Russell Investments Group, adding an estimated $6.88M. The largest seller was ACK Asset Management, exiting entirely with an estimated $8.75M sold.
- 96 institutional investors held i3 Verticals (IIIV) as of Q4 2019, up from 92 in Q3 2019.
- Funds reported $375M of i3 Verticals stock for Q4 2019, up 39% quarter-over-quarter.
- 17 funds opened new i3 Verticals positions in Q4 2019 and 13 closed out, a net change of +4 holders.
- The largest i3 Verticals buyer in Q4 2019 was Russell Investments Group, an estimated $6.88M added.
- The largest i3 Verticals seller in Q4 2019 was ACK Asset Management, an estimated $8.75M sold.
Based on aggregated 13F filings for Q4 2019.