Veeva Systems
VEEV
796 hedge funds and large institutions have $24B invested in Veeva Systems in 2023 Q1 according to their latest regulatory filings, with 113 funds opening new positions, 340 increasing their positions, 216 reducing their positions, and 73 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 340 | Existing positions reduced: 216
55% more first-time investments, than exits
New positions opened: 113 | Existing positions closed: 73
30% more funds holding in top 10
Funds holding in top 10: 10 → 13 (+3)
16% more capital invested
Capital invested by funds: $20.7B → $24B (+$3.35B)
4% more funds holding
Funds holding: 768 → 796 (+28)
1.94% more ownership
Funds ownership: 90.87% → 92.81% (+1.9%)
4% more call options, than puts
Call options by funds: $200M | Put options by funds: $192M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$174M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$158M |
| 3 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$64M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$62.1M |
| 5 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$54.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$405M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$89.9M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$76.7M |
| 4 |
UBS AM
Chicago,
Illinois
|
-$61.3M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$61.2M |
VEEV Hedge Fund Activity: Q1 2023 in Review
796 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Veeva Systems (VEEV) for Q1 2023, worth a combined $24B — up 16% from $20.7B a quarter earlier.
Buyers outnumbered sellers: 113 funds opened new VEEV positions and 73 closed out — a net gain of 40 holders — while 340 added to existing stakes and 216 trimmed.
The largest buyer was Capital International Investors, opening a new position worth an estimated $174M. The largest seller was Fidelity Investments, cutting an estimated $405M.
- 796 institutional investors held Veeva Systems (VEEV) as of Q1 2023, up from 768 in Q4 2022.
- Funds reported $24B of Veeva Systems stock for Q1 2023, up 16% quarter-over-quarter.
- 113 funds opened new Veeva Systems positions in Q1 2023 and 73 closed out, a net change of +40 holders.
- The largest Veeva Systems buyer in Q1 2023 was Capital International Investors, an estimated $174M added.
- The largest Veeva Systems seller in Q1 2023 was Fidelity Investments, an estimated $405M sold.
Based on aggregated 13F filings for Q1 2023.