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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$4.43M |
| 2 |
Morgan Stanley
New York
|
+$3.96M |
| 3 |
BlackRock
New York
|
+$3.71M |
| 4 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$2.93M |
| 5 |
2C
272 Capital
Dallas,
Texas
|
+$2.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
-$10.5M |
| 2 |
SAM
Silvercrest Asset Management
New York
|
-$5.5M |
| 3 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$5.27M |
| 4 |
VC
Voss Capital
Houston,
Texas
|
-$3.45M |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$2.26M |
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.