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i3 Verticals
IIIV

149 hedge funds and large institutions have $444M invested in i3 Verticals in 2023 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 53 increasing their positions, 49 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

86% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 14

9% more funds holding

Funds holding: 137 → 149 (+12)

8% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 49

1% less capital invested

Capital invested by funds: $450M → $444M (-$6.14M)

1.5% less ownership

Funds ownership: 91.58% → 90.07% (-1.5%)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

84% less call options, than puts

Call options by funds: $74K | Put options by funds: $476K

Holders
149
Holders Change
+12
Holders Change %
+8.76%
% of All Funds
2.17%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
26
Increased
53
Reduced
49
Closed
14
Calls
$74K
Puts
$476K
Net Calls
-$402K
Net Calls Change
+$78K

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$4.43M
2
Morgan Stanley
Morgan Stanley
New York
+$3.96M
3
BlackRock
BlackRock
New York
+$3.71M
4
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
+$2.93M
5
2C
272 Capital
Texas
+$2.55M

Top Sellers

Rank Fund Capital Flow
1
VOYA Investment Management
VOYA Investment Management
Georgia
-$10.5M
2
SAM
Silvercrest Asset Management
New York
-$5.5M
3
WA
Wasatch Advisors
Utah
-$5.27M
4
VC
Voss Capital
Texas
-$3.45M
5
Allspring Global Investments
Allspring Global Investments
North Carolina
-$2.26M
Name Holding Trade Value Shares
Change 		Change in
Stake
WA
151
Wasatch Advisors
Utah
– -$5.27M -249,393 Closed
Allspring Global Investments
152
Allspring Global Investments
North Carolina
– -$2.26M -106,803 Closed
Wellington Management Group
153
Wellington Management Group
Massachusetts
– -$1.82M -86,120 Closed
MIM
154
Meros Investment Management
Texas
– -$1.39M -65,743 Closed
WB
155
WesBanco Bank
West Virginia
– -$1.05M -49,547 Closed
EMFAT
156
Emerald Mutual Fund Advisers Trust
Pennsylvania
– -$989K -46,798 Closed
CCM
157
CAAS Capital Management
New York
– -$390K -18,427 Closed
CCM
158
Channing Capital Management
Illinois
– -$342K -16,198 Closed
Mercer Global Advisors
159
Mercer Global Advisors
Colorado
– -$321K -15,208 Closed
VIA
160
Virtus Investment Advisers
Connecticut
– -$321K -15,177 Closed
OQS
161
Occudo Quantitative Strategies
Florida
– -$255K -12,085 Closed
OA
162
Operose Advisors
Wisconsin
– -$13.1K -618 Closed
S
163
SignatureFD
Georgia
– -$2.07K -98 Closed
3 4 5 6
7

IIIV Hedge Fund Activity: Q4 2023 in Review

149 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in i3 Verticals (IIIV) for Q4 2023, worth a combined $444M — down 1.4% from $450M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new IIIV positions and 14 closed out — a net gain of 12 holders — while 53 added to existing stakes and 49 trimmed.

The largest buyer was Millennium Management, adding an estimated $4.43M. The largest seller was VOYA Investment Management, cutting an estimated $10.5M.

  • 149 institutional investors held i3 Verticals (IIIV) as of Q4 2023, up from 137 in Q3 2023.
  • Funds reported $444M of i3 Verticals stock for Q4 2023, down 1.4% quarter-over-quarter.
  • 26 funds opened new i3 Verticals positions in Q4 2023 and 14 closed out, a net change of +12 holders.
  • The largest i3 Verticals buyer in Q4 2023 was Millennium Management, an estimated $4.43M added.
  • The largest i3 Verticals seller in Q4 2023 was VOYA Investment Management, an estimated $10.5M sold.

Based on aggregated 13F filings for Q4 2023.