i3 Verticals
IIIV
132 hedge funds and large institutions have $504M invested in i3 Verticals in 2022 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 42 increasing their positions, 44 reducing their positions, and 17 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
23% more capital invested
Capital invested by funds: $411M → $504M (+$93.5M)
18% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 17
2% more funds holding
Funds holding: 130 → 132 (+2)
5% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 44
10% less call options, than puts
Call options by funds: $1.1M | Put options by funds: $1.22M
1.96% less ownership
Funds ownership: 92% → 90.04% (-2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
+$4.5M |
| 2 |
CC
Crosslink Capital
Menlo Park,
California
|
+$3.99M |
| 3 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$3.68M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.38M |
| 5 |
RCAMU
Rothschild & Co Asset Management US
Stamford,
Connecticut
|
+$3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$6.9M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$3.63M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$2.69M |
| 4 |
GIPM
G2 Investment Partners Management
New York
|
-$1.44M |
| 5 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$1.32M |
IIIV Hedge Fund Activity: Q4 2022 in Review
132 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in i3 Verticals (IIIV) for Q4 2022, worth a combined $504M — up 23% from $411M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new IIIV positions and 17 closed out — a net gain of 3 holders — while 42 added to existing stakes and 44 trimmed.
The largest buyer was Heartland Advisors, adding an estimated $4.5M. The largest seller was Millennium Management, cutting an estimated $6.9M.
- 132 institutional investors held i3 Verticals (IIIV) as of Q4 2022, up from 130 in Q3 2022.
- Funds reported $504M of i3 Verticals stock for Q4 2022, up 23% quarter-over-quarter.
- 20 funds opened new i3 Verticals positions in Q4 2022 and 17 closed out, a net change of +3 holders.
- The largest i3 Verticals buyer in Q4 2022 was Heartland Advisors, an estimated $4.5M added.
- The largest i3 Verticals seller in Q4 2022 was Millennium Management, an estimated $6.9M sold.
Based on aggregated 13F filings for Q4 2022.