i3 Verticals
IIIV
165 hedge funds and large institutions have $886M invested in i3 Verticals in 2025 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 54 increasing their positions, 51 reducing their positions, and 17 closing their positions.
94% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 17
11% more capital invested
Capital invested by funds: $795M → $886M (+$91.3M)
10% more funds holding
Funds holding: 150 → 165 (+15)
2.72% more ownership
Funds ownership: 111.58% → 114.3% (+2.7%)
6% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 51
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
+$23.5M |
| 2 |
1SAMC
12th Street Asset Management Company
Nashville,
Tennessee
|
+$11.3M |
| 3 |
Charles Schwab
San Francisco,
California
|
+$3.37M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$3.24M |
| 5 |
OAM
Oppenheimer Asset Management
New York
|
+$3.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VG
Visualize Group
New York
|
-$55M |
| 2 |
HCA
Harbor Capital Advisors
Chicago,
Illinois
|
-$9.86M |
| 3 |
CC
Crosslink Capital
Menlo Park,
California
|
-$9.47M |
| 4 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$6.45M |
| 5 |
RIM
Ranger Investment Management
Dallas,
Texas
|
-$5.73M |
IIIV Hedge Fund Activity: Q3 2025 in Review
165 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in i3 Verticals (IIIV) for Q3 2025, worth a combined $886M — up 11% from $795M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new IIIV positions and 17 closed out — a net gain of 16 holders — while 54 added to existing stakes and 51 trimmed.
The largest buyer was Jennison Associates, adding an estimated $23.5M. The largest seller was Visualize Group, exiting entirely with an estimated $55M sold.
- 165 institutional investors held i3 Verticals (IIIV) as of Q3 2025, up from 150 in Q2 2025.
- Funds reported $886M of i3 Verticals stock for Q3 2025, up 11% quarter-over-quarter.
- 33 funds opened new i3 Verticals positions in Q3 2025 and 17 closed out, a net change of +16 holders.
- The largest i3 Verticals buyer in Q3 2025 was Jennison Associates, an estimated $23.5M added.
- The largest i3 Verticals seller in Q3 2025 was Visualize Group, an estimated $55M sold.
Based on aggregated 13F filings for Q3 2025.