Vertex
VERX
121 hedge funds and large institutions have $840M invested in Vertex in 2023 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 52 increasing their positions, 30 reducing their positions, and 25 closing their positions.
319% more call options, than puts
Call options by funds: $3.11M | Put options by funds: $743K
73% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 30
6% more capital invested
Capital invested by funds: $794M → $840M (+$46.8M)
1.37% more ownership
Funds ownership: 78.66% → 80.03% (+1.4%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
6% less funds holding
Funds holding: 129 → 121 (-8)
32% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 25
Top Buyers
| 1 |
BMCM
Bryn Mawr Capital Management
Philadelphia,
Pennsylvania
|
+$54.6M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$22.6M |
| 3 |
FAM
Fred Alger Management
New York
|
+$12.3M |
| 4 |
SAM
Silvercrest Asset Management
New York
|
+$12.1M |
| 5 |
Millennium Management
New York
|
+$7.96M |
Top Sellers
| 1 |
Cerity Partners
New York
|
-$10.3M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$6.9M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$6.87M |
| 4 |
LA
Legacy Advisors
Plymouth Meeting,
Pennsylvania
|
-$3.48M |
| 5 |
EI
EAM Investors
Solana Beach,
California
|
-$2.86M |
VERX Hedge Fund Activity: Q2 2023 in Review
121 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Vertex (VERX) for Q2 2023, worth a combined $840M — up 5.9% from $794M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of VERX and 17 opened new positions — a net loss of 8 holders — while 30 trimmed existing stakes and 52 added.
The largest buyer was Bryn Mawr Capital Management, opening a new position worth an estimated $54.6M. The largest seller was Cerity Partners, exiting entirely with an estimated $10.3M sold.
- 121 institutional investors held Vertex (VERX) as of Q2 2023, down from 129 in Q1 2023.
- Funds reported $840M of Vertex stock for Q2 2023, up 5.9% quarter-over-quarter.
- 17 funds opened new Vertex positions in Q2 2023 and 25 closed out, a net change of -8 holders.
- The largest Vertex buyer in Q2 2023 was Bryn Mawr Capital Management, an estimated $54.6M added.
- The largest Vertex seller in Q2 2023 was Cerity Partners, an estimated $10.3M sold.
Based on aggregated 13F filings for Q2 2023.