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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.

New
Increased
Maintained
Reduced
Closed

516% more call options, than puts

Call options by funds: $2.23M | Put options by funds: $361K

11% more capital invested

Capital invested by funds: $444M → $492M (+$48.4M)

2.35% more ownership

Funds ownership: 90.07% → 92.43% (+2.4%)

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)

Holders
135
Holders Change
-14
Holders Change %
-9.4%
% of All Funds
1.94%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
21
Increased
42
Reduced
51
Closed
35
Calls
$2.23M
Puts
$361K
Net Calls
+$1.86M
Net Calls Change
+$2.27M

Top Buyers

1
PCM
Portolan Capital Management
Massachusetts
+$13.3M
2
CCPM
Cooper Creek Partners Management
New York
+$7.31M
3
HRCM
Hood River Capital Management
Florida
+$7.01M
4
GCM
Greenland Capital Management
New York
+$3.72M
5
Morgan Stanley
Morgan Stanley
New York
+$3.71M

Top Sellers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$12.9M
2
Millennium Management
Millennium Management
New York
-$6.44M
3
VC
Voss Capital
Texas
-$3.32M
4
CP
Covenant Partners
Tennessee
-$1.81M
5
GLA
Great Lakes Advisors
Illinois
-$1.66M
Name Holding Trade Value Shares
Change 		Change in
Stake
GCM
1
Geneva Capital Management
Wisconsin
$43.9M +$649K +31,271 +2%
BlackRock
2
BlackRock
New York
$39.8M -$661K -31,812 -2%
CC
3
Crosslink Capital
California
$29.7M +$213K +10,265 +0.8%
Vanguard Group
4
Vanguard Group
Pennsylvania
$29.7M +$16.4K +792 +0.1%
RIM
5
Ranger Investment Management
Texas
$25.7M +$1.56M +75,000 +7%
HRCM
6
Hood River Capital Management
Florida
$25.6M +$7.01M +337,576 +43%
PCM
7
Portolan Capital Management
Massachusetts
$21.2M +$13.3M +639,166 +223%
Millennium Management
8
Millennium Management
New York
$15.7M -$6.44M -310,331 -31%
VC
9
Voss Capital
Texas
$13.8M -$3.32M -160,000 -21%
HA
10
Heartland Advisors
Wisconsin
$13.7M +$1.23M +59,050 +11%
Ameriprise
11
Ameriprise
Minnesota
$12.6M -$603K -29,027 -5%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$11.6M +$191K +9,178 +2%
State Street
13
State Street
Massachusetts
$11M +$145K +6,988 +1%
Dimensional Fund Advisors
14
Dimensional Fund Advisors
Texas
$10.8M -$94.7K -4,559 -1%
Morgan Stanley
15
Morgan Stanley
New York
$10.5M +$3.71M +178,517 +64%
Bank of Montreal
16
Bank of Montreal
Ontario, Canada
$9.21M -$6.15K -296 -0.1%
CCPM
17
Cooper Creek Partners Management
New York
$8.05M +$7.31M +351,891 New
CIBC Private Wealth Group
18
CIBC Private Wealth Group
Georgia
$7.77M +$2.06M +99,117 +40%
NC
19
Nicholas Company
Wisconsin
$7.63M – – –
Assenagon Asset Management
20
Assenagon Asset Management
Luxembourg
$7.37M – – –
SI
21
Scout Investments
Missouri
$6.75M -$395K -19,022 -6%
Russell Investments Group
22
Russell Investments Group
United Kingdom
$6.73M +$205K +9,871 +3%
2C
23
272 Capital
Texas
$6.24M +$572K +27,530 +11%
Goldman Sachs
24
Goldman Sachs
New York
$5.05M +$935K +45,011 +26%
EWA
25
EverSource Wealth Advisors
Alabama
$4.97M -$1.65M -79,559 -27%
1
2 3 4 5

IIIV Hedge Fund Activity: Q1 2024 in Review

135 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in i3 Verticals (IIIV) for Q1 2024, worth a combined $492M — up 11% from $444M 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 11% 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.