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i3 Verticals
IIIV

69 hedge funds and large institutions have $208M invested in i3 Verticals in 2019 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 30 increasing their positions, 23 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 6

30% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 23

5% more funds holding

Funds holding: 66 → 69 (+3)

1% less capital invested

Capital invested by funds: $210M → $208M (-$2.07M)

1.35% less ownership

Funds ownership: 95.72% → 94.37% (-1.4%)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
69
Holders Change
+3
Holders Change %
+4.55%
% of All Funds
1.49%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
9
Increased
30
Reduced
23
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$4.12M
2
CIM
Confluence Investment Management
Missouri
+$2.6M
3
RIM
Ranger Investment Management
Texas
+$2.18M
4
BlackRock
BlackRock
New York
+$1.48M
5
SIM
Spark Investment Management
New York
+$1.33M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$8.14M
2
AIS
AlphaOne Investment Services
Pennsylvania
-$2.91M
3
WA
Wasatch Advisors
Utah
-$2.45M
4
GPGA
Grandeur Peak Global Advisors
Utah
-$1.44M
5
Federated Hermes
Federated Hermes
Pennsylvania
-$1.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$42.3M +$4.12M +177,057 +11%
HFA
2
Harbert Fund Advisors
Alabama
$42.3M – – –
BlackRock
3
BlackRock
New York
$18.2M +$1.48M +63,774 +9%
DCM
4
Driehaus Capital Management
Illinois
$11M -$561K -24,104 -5%
Vanguard Group
5
Vanguard Group
Pennsylvania
$9.49M +$470K +20,202 +5%
CC
6
Crosslink Capital
California
$9.22M -$1.17M -50,418 -12%
Franklin Resources
7
Franklin Resources
California
$8.22M +$529K +22,754 +7%
NC
8
Nicholas Company
Wisconsin
$6.66M -$10.6K -455 -0.2%
CIM
9
Confluence Investment Management
Missouri
$6.36M +$2.6M +111,781 +73%
RIM
10
Ranger Investment Management
Texas
$5.34M +$2.18M +93,565 +73%
WA
11
Wasatch Advisors
Utah
$4.16M -$2.45M -105,393 -38%
Federated Hermes
12
Federated Hermes
Pennsylvania
$3.87M -$1.42M -60,991 -27%
State Street
13
State Street
Massachusetts
$3.21M +$530K +22,784 +21%
Stifel Financial
14
Stifel Financial
Missouri
$2.69M +$23.1K +992 +0.9%
Northern Trust
15
Northern Trust
Illinois
$2.66M +$316K +13,597 +14%
SIM
16
Spark Investment Management
New York
$2.37M +$1.33M +57,310 +138%
AIS
17
AlphaOne Investment Services
Pennsylvania
$2.36M -$2.91M -124,932 -56%
Geode Capital Management
18
Geode Capital Management
Massachusetts
$2.32M +$397K +17,078 +21%
TA
19
Teton Advisors
New York
$2.27M – – –
Victory Capital Management
20
Victory Capital Management
Texas
$1.82M +$290K +12,450 +20%
WB
21
WesBanco Bank
West Virginia
$1.71M – – –
EMG
22
ETF Managers Group
New Jersey
$1.52M +$383K +16,466 +35%
Assenagon Asset Management
23
Assenagon Asset Management
Luxembourg
$1.3M +$937K +40,274 +291%
KCM
24
Kornitzer Capital Management
Kansas
$1.27M -$475K -20,400 -28%
TA
25
Teachers Advisors
New York
$1.23M +$948K +40,736 +389%
1
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IIIV Hedge Fund Activity: Q1 2019 in Review

69 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in i3 Verticals (IIIV) for Q1 2019, worth a combined $208M — down 0.98% from $210M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new IIIV positions and 6 closed out — a net gain of 3 holders — while 30 added to existing stakes and 23 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $4.12M. The largest seller was Citadel Advisors, exiting entirely with an estimated $8.14M sold.

  • 69 institutional investors held i3 Verticals (IIIV) as of Q1 2019, up from 66 in Q4 2018.
  • Funds reported $208M of i3 Verticals stock for Q1 2019, down 0.98% quarter-over-quarter.
  • 9 funds opened new i3 Verticals positions in Q1 2019 and 6 closed out, a net change of +3 holders.
  • The largest i3 Verticals buyer in Q1 2019 was T. Rowe Price Associates, an estimated $4.12M added.
  • The largest i3 Verticals seller in Q1 2019 was Citadel Advisors, an estimated $8.14M sold.

Based on aggregated 13F filings for Q1 2019.