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Veeva Systems
VEEV

830 hedge funds and large institutions have $27B invested in Veeva Systems in 2023 Q3 according to their latest regulatory filings, with 81 funds opening new positions, 296 increasing their positions, 317 reducing their positions, and 66 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more first-time investments, than exits

New positions opened: 81 | Existing positions closed: 66

8% more funds holding in top 10

Funds holding in top 10: 13 → 14 (+1)

4% more capital invested

Capital invested by funds: $26B → $27B (+$1.03B)

1% more funds holding

Funds holding: 823 → 830 (+7)

0.54% more ownership

Funds ownership: 90.2% → 90.74% (+0.54%)

7% less repeat investments, than reductions

Existing positions increased: 296 | Existing positions reduced: 317

15% less call options, than puts

Call options by funds: $370M | Put options by funds: $433M

Holders
830
Holders Change
+7
Holders Change %
+0.85%
% of All Funds
13.17%
Holding in Top 10
14
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+7.69%
% of All Funds
0.22%
New
81
Increased
296
Reduced
317
Closed
66
Calls
$370M
Puts
$433M
Net Calls
-$63.5M
Net Calls Change
-$102M

Top Buyers

Rank Fund Capital Flow
1
DCP
Durable Capital Partners
Maryland
+$179M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$164M
3
Invesco
Invesco
Georgia
+$136M
4
AAB
ABN AMRO Bank
Netherlands
+$129M
5
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$105M

Top Sellers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
-$168M
2
Artisan Partners
Artisan Partners
Wisconsin
-$82.9M
3
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$77.5M
4
Brown Advisory
Brown Advisory
Maryland
-$63.9M
5
OCBV
Ownership Capital B.V.
Netherlands
-$63.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
QC
801
Quent Capital
New York
$3.25K +$806 +4 +33%
TVWM
802
Tower View Wealth Management
Wisconsin
$3K – – –
BCMLT
803
Beacon Capital Management LLC (Tennessee)
Tennessee
$2.17K – – –
Kayne Anderson Rudnick Investment Management
804
Kayne Anderson Rudnick Investment Management
California
$2.04K – – –
LIM
805
Longfellow Investment Management
Massachusetts
$2.04K – – –
CAM
806
ClariVest Asset Management
California
$2K -$1.21K -6 -43%
BTI
807
Blue Trust Inc
Georgia
$2K +$403 +2 +33%
AW
808
Avion Wealth
Texas
$2K +$604 +3 +33%
MTIC
809
Missouri Trust & Investment Company
Missouri
$1.83K – – –
SWA
810
Sutton Wealth Advisors
Florida
$1.83K – – –
RFG
811
RFP Financial Group
Georgia
$1.63K – – –
OLVIG
812
Oliver Lagore Vanvalin Investment Group
Michigan
$1.63K +$1.61K +8 New
CHC
813
City Holding Co
West Virginia
$1.63K – – –
GWSG
814
GPS Wealth Strategies Group
Colorado
$1.42K +$1.41K +7 New
NSG
815
Nalls Sherbakoff Group
Tennessee
$1.22K – – –
EWM
816
Evermay Wealth Management
Virginia
$1.02K – – –
GI
817
Gradient Investments
Minnesota
$1.02K -$2.22K -11 -69%
IRC
818
Investors Research Corp
Georgia
$1.02K – – –
CA
819
Centerpoint Advisors
Massachusetts
$1K – – –
AWM
820
Abound Wealth Management
Tennessee
$611 – – –
MCM
821
Manchester Capital Management
Vermont
$611 +$201 +1 +50%
IPW
822
Impact Partnership Wealth
Georgia
$610 – – –
DWA
823
Delos Wealth Advisors
Texas
$418 – – –
AFG
824
Albion Financial Group
Utah
$407 – – –
FSWA
825
Financial Synergies Wealth Advisors
Texas
$407 – – –
31 32
33
34 35

VEEV Hedge Fund Activity: Q3 2023 in Review

830 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Veeva Systems (VEEV) for Q3 2023, worth a combined $27B — up 4% from $26B a quarter earlier.

Buyers outnumbered sellers: 81 funds opened new VEEV positions and 66 closed out — a net gain of 15 holders — while 296 added to existing stakes and 317 trimmed.

The largest buyer was Durable Capital Partners, opening a new position worth an estimated $179M. The largest seller was AllianceBernstein, cutting an estimated $168M.

  • 830 institutional investors held Veeva Systems (VEEV) as of Q3 2023, up from 823 in Q2 2023.
  • Funds reported $27B of Veeva Systems stock for Q3 2023, up 4% quarter-over-quarter.
  • 81 funds opened new Veeva Systems positions in Q3 2023 and 66 closed out, a net change of +15 holders.
  • The largest Veeva Systems buyer in Q3 2023 was Durable Capital Partners, an estimated $179M added.
  • The largest Veeva Systems seller in Q3 2023 was AllianceBernstein, an estimated $168M sold.

Based on aggregated 13F filings for Q3 2023.