Vertex
VERX
82 hedge funds and large institutions have $444M invested in Vertex in 2022 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 37 increasing their positions, 20 reducing their positions, and 12 closing their positions.
85% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 20
51% more capital invested
Capital invested by funds: $295M → $444M (+$149M)
17% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 12
5.76% more ownership
Funds ownership: 61.18% → 66.94% (+5.8%)
1% more funds holding
Funds holding: 81 → 82 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tensile Capital Management
Larkspur,
California
|
+$57.1M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$9.1M |
| 3 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
+$7.34M |
| 4 |
Neuberger Berman Group
New York
|
+$4.37M |
| 5 |
PCM
Palisade Capital Management
Fort Lee,
New Jersey
|
+$2.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
-$5.53M |
| 2 |
FAM
Fred Alger Management
New York
|
-$2.1M |
| 3 |
JP Morgan Chase
New York
|
-$986K |
| 4 |
Norges Bank
Oslo,
Norway
|
-$777K |
| 5 |
AG
Algert Global
San Francisco,
California
|
-$560K |
VERX Hedge Fund Activity: Q3 2022 in Review
82 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in Vertex (VERX) for Q3 2022, worth a combined $444M — up 51% from $295M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new VERX positions and 12 closed out — a net gain of 2 holders — while 37 added to existing stakes and 20 trimmed.
The largest buyer was Tensile Capital Management, adding an estimated $57.1M. The largest seller was Conestoga Capital Advisors, cutting an estimated $5.53M.
- 82 institutional investors held Vertex (VERX) as of Q3 2022, up from 81 in Q2 2022.
- Funds reported $444M of Vertex stock for Q3 2022, up 51% quarter-over-quarter.
- 14 funds opened new Vertex positions in Q3 2022 and 12 closed out, a net change of +2 holders.
- The largest Vertex buyer in Q3 2022 was Tensile Capital Management, an estimated $57.1M added.
- The largest Vertex seller in Q3 2022 was Conestoga Capital Advisors, an estimated $5.53M sold.
Based on aggregated 13F filings for Q3 2022.