Velocity Financial
VEL
51 hedge funds and large institutions have $580M invested in Velocity Financial in 2024 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
9% more funds holding
Funds holding: 47 → 51 (+4)
1.27% more ownership
Funds ownership: 98.14% → 99.41% (+1.3%)
5% more capital invested
Capital invested by funds: $554M → $580M (+$25.8M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
16% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
+$2.07M |
| 2 |
Mariner
Overland Park,
Kansas
|
+$279K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$228K |
| 4 |
Renaissance Technologies
New York
|
+$171K |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$151K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$668K |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$617K |
| 3 |
Goldman Sachs
New York
|
-$361K |
| 4 |
Jane Street
New York
|
-$264K |
| 5 |
BlackRock
New York
|
-$262K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AC
51
Almitas Capital
Santa Monica,
California
| – | -$209K | -12,120 | Closed |
|
|
WTG
52
West Tower Group
Richmond,
Virginia
| – | -$8.01K | -465 | Closed |
|
53
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | +$16 | +1 | New |
|
|
C
54
Covestor
London,
United Kingdom
| – | +$212 | +13 | New |
|
VEL Hedge Fund Activity: Q1 2024 in Review
51 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Velocity Financial (VEL) for Q1 2024, worth a combined $580M — up 4.7% from $554M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new VEL positions and 3 closed out — a net gain of 4 holders — while 16 added to existing stakes and 19 trimmed.
The largest buyer was Beach Point Capital Management, adding an estimated $2.07M. The largest seller was Morgan Stanley, cutting an estimated $668K.
- 51 institutional investors held Velocity Financial (VEL) as of Q1 2024, up from 47 in Q4 2023.
- Funds reported $580M of Velocity Financial stock for Q1 2024, up 4.7% quarter-over-quarter.
- 7 funds opened new Velocity Financial positions in Q1 2024 and 3 closed out, a net change of +4 holders.
- The largest Velocity Financial buyer in Q1 2024 was Beach Point Capital Management, an estimated $2.07M added.
- The largest Velocity Financial seller in Q1 2024 was Morgan Stanley, an estimated $668K sold.
Based on aggregated 13F filings for Q1 2024.