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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
FWCM
101
Ferguson Wellman Capital Management
Oregon
$223K +$202K +9,740 New
Janus Henderson Group
102
Janus Henderson Group
United Kingdom
$223K +$21 +1 +0%
EC
103
EntryPoint Capital
New York
$210K +$190K +9,171 New
SOW
104
State of Wyoming
Wyoming
$208K -$71.8K -3,457 -28%
New York State Common Retirement Fund
105
New York State Common Retirement Fund
New York
$206K -$166 -8 -0.1%
ACM
106
Argent Capital Management
Missouri
$200K +$182K +8,755 New
AG
107
AlTi Global
New York
$200K +$182K +8,750 New
GJWM
108
Gilliland Jeter Wealth Management
Arkansas
$192K +$174K +8,400 New
PNC Financial Services Group
109
PNC Financial Services Group
Pennsylvania
$188K +$35.7K +1,718 +26%
Zurich Cantonal Bank
110
Zurich Cantonal Bank
Switzerland
$114K – – –
Citigroup
111
Citigroup
New York
$86.6K +$11.2K +537 +17%
Mitsubishi UFJ Asset Management
112
Mitsubishi UFJ Asset Management
Japan
$77.4K -$8.87K -427 -11%
AIP
113
Ameritas Investment Partners
Nebraska
$51.3K – – –
Comerica Bank
114
Comerica Bank
Texas
$48.8K +$14K +672 +46%
SPIA
115
Steward Partners Investment Advisory
New York
$47.4K +$28K +1,350 +187%
SIC
116
Salem Investment Counselors
North Carolina
$44.6K – – –
MLICM
117
Metropolitan Life Insurance Company (MetLife)
New York
$30.2K – – –
HNB
118
Huntington National Bank
Ohio
$21.2K -$19.9K -960 -51%
NS
119
NBC Securities
Alabama
$19K – – –
WAM
120
Wolverine Asset Management
Illinois
$18.1K – – –
AB
121
Amalgamated Bank
New York
$17K -$50.5K -2,431 -77%
UB
122
UMB Bank
Missouri
$10.8K – – –
AWM
123
Avior Wealth Management
Nebraska
$10.8K +$9.76K +470 New
TRCT
124
Tower Research Capital (TRC)
New York
$9.25K -$108K -5,212 -93%
QCG
125
Quadrant Capital Group
Ohio
$6.18K +$5.61K +270 New
3 4
5
6 7

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.