Vertex
VERX
83 hedge funds and large institutions have $570M invested in Vertex in 2021 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 40 increasing their positions, 20 reducing their positions, and 23 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 20
11.25% less ownership
Funds ownership: 109.73% → 98.47% (-11%)
17% less funds holding
Funds holding: 100 → 83 (-17)
42% less capital invested
Capital invested by funds: $982M → $570M (-$411M)
70% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 23
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$21.4M |
| 2 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
+$19.4M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
+$13.3M |
| 4 |
SCM
Segantii Capital Management
Hong Kong
|
+$9.37M |
| 5 |
FAM
Fred Alger Management
New York
|
+$9.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Viking Global Investors
Stamford,
Connecticut
|
-$70.8M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$42M |
| 3 |
Jennison Associates
New York
|
-$15.6M |
| 4 |
AI
Advent International
Boston,
Massachusetts
|
-$14.4M |
| 5 |
BlackRock
New York
|
-$13M |
VERX Hedge Fund Activity: Q1 2021 in Review
83 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Vertex (VERX) for Q1 2021, worth a combined $570M — down 42% from $982M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of VERX and 7 opened new positions — a net loss of 16 holders — while 20 trimmed existing stakes and 40 added.
The largest buyer was Neuberger Berman Group, adding an estimated $21.4M. The largest seller was Viking Global Investors, exiting entirely with an estimated $70.8M sold.
- 83 institutional investors held Vertex (VERX) as of Q1 2021, down from 100 in Q4 2020.
- Funds reported $570M of Vertex stock for Q1 2021, down 42% quarter-over-quarter.
- 7 funds opened new Vertex positions in Q1 2021 and 23 closed out, a net change of -16 holders.
- The largest Vertex buyer in Q1 2021 was Neuberger Berman Group, an estimated $21.4M added.
- The largest Vertex seller in Q1 2021 was Viking Global Investors, an estimated $70.8M sold.
Based on aggregated 13F filings for Q1 2021.