i3 Verticals
IIIV
135 hedge funds and large institutions have $492M invested in i3 Verticals in 2024 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 42 increasing their positions, 51 reducing their positions, and 35 closing their positions.
516% more call options, than puts
Call options by funds: $2.23M | Put options by funds: $361K
12% more capital invested
Capital invested by funds: $441M → $492M (+$51.3M)
2.95% more ownership
Funds ownership: 89.47% → 92.43% (+3%)
9% less funds holding
Funds holding: 149 → 135 (-14)
18% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 51
40% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 35
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$13.3M |
| 2 |
CCPM
Cooper Creek Partners Management
New York
|
+$7.31M |
| 3 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$7.01M |
| 4 |
Morgan Stanley
New York
|
+$6.61M |
| 5 |
GCM
Greenland Capital Management
New York
|
+$3.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$12.9M |
| 2 |
Millennium Management
New York
|
-$6.44M |
| 3 |
VC
Voss Capital
Houston,
Texas
|
-$3.32M |
| 4 |
CP
Covenant Partners
Nashville,
Tennessee
|
-$1.81M |
| 5 |
GLA
Great Lakes Advisors
Chicago,
Illinois
|
-$1.66M |
IIIV Hedge Fund Activity: Q1 2024 in Review
135 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in i3 Verticals (IIIV) for Q1 2024, worth a combined $492M — up 12% from $441M a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of IIIV and 21 opened new positions — a net loss of 14 holders — while 51 trimmed existing stakes and 42 added.
The largest buyer was Portolan Capital Management, adding an estimated $13.3M. The largest seller was Royal Bank of Canada, cutting an estimated $12.9M.
- 135 institutional investors held i3 Verticals (IIIV) as of Q1 2024, down from 149 in Q4 2023.
- Funds reported $492M of i3 Verticals stock for Q1 2024, up 12% quarter-over-quarter.
- 21 funds opened new i3 Verticals positions in Q1 2024 and 35 closed out, a net change of -14 holders.
- The largest i3 Verticals buyer in Q1 2024 was Portolan Capital Management, an estimated $13.3M added.
- The largest i3 Verticals seller in Q1 2024 was Royal Bank of Canada, an estimated $12.9M sold.
Based on aggregated 13F filings for Q1 2024.