i3 Verticals
IIIV
135 hedge funds and large institutions have $486M invested in i3 Verticals in 2023 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 53 increasing their positions, 44 reducing their positions, and 15 closing their positions.
95% more call options, than puts
Call options by funds: $230K | Put options by funds: $118K
20% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 44
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.92% less ownership
Funds ownership: 93.53% → 91.6% (-1.9%)
3% less funds holding
Funds holding: 139 → 135 (-4)
8% less capital invested
Capital invested by funds: $530M → $486M (-$44.2M)
20% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VC
Voss Capital
Houston,
Texas
|
+$5.89M |
| 2 |
CC
Crosslink Capital
Menlo Park,
California
|
+$4.37M |
| 3 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
+$2.61M |
| 4 |
Two Sigma Investments
New York
|
+$1.51M |
| 5 |
RIM
Ranger Investment Management
Dallas,
Texas
|
+$1.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$15.5M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$5.35M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.4M |
| 4 |
GIPM
G2 Investment Partners Management
New York
|
-$2.14M |
| 5 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$1.95M |
IIIV Hedge Fund Activity: Q2 2023 in Review
135 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in i3 Verticals (IIIV) for Q2 2023, worth a combined $486M — down 8.3% from $530M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of IIIV and 12 opened new positions — a net loss of 3 holders — while 44 trimmed existing stakes and 53 added.
The largest buyer was Voss Capital, adding an estimated $5.89M. The largest seller was Wellington Management Group, cutting an estimated $15.5M.
- 135 institutional investors held i3 Verticals (IIIV) as of Q2 2023, down from 139 in Q1 2023.
- Funds reported $486M of i3 Verticals stock for Q2 2023, down 8.3% quarter-over-quarter.
- 12 funds opened new i3 Verticals positions in Q2 2023 and 15 closed out, a net change of -3 holders.
- The largest i3 Verticals buyer in Q2 2023 was Voss Capital, an estimated $5.89M added.
- The largest i3 Verticals seller in Q2 2023 was Wellington Management Group, an estimated $15.5M sold.
Based on aggregated 13F filings for Q2 2023.