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101 hedge funds and large institutions have $497M invested in Vertex in 2022 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 38 increasing their positions, 26 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

2,171% more call options, than puts

Call options by funds: $931K | Put options by funds: $41K

271% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 7

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

46% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 26

23% more funds holding

Funds holding: 82101 (+19)

12% more capital invested

Capital invested by funds: $444M → $497M (+$52.8M)

3.82% more ownership

Funds ownership: 66.94%70.76% (+3.8%)

Holders
101
Holders Change
+19
Holders Change %
+23.17%
% of All Funds
1.62%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
26
Increased
38
Reduced
26
Closed
7
Calls
$931K
Puts
$41K
Net Calls
+$890K
Net Calls Change
+$890K
Name Holding Trade Value Shares
Change
Change in
Stake
TCM
1
Tensile Capital Management
California
$86.6M +$12M +750,000 +14%
Neuberger Berman Group
2
Neuberger Berman Group
New York
$56.8M +$4.5M +281,617 +8%
FAM
3
Fred Alger Management
New York
$54.4M -$1.46M -91,626 -2%
Vanguard Group
4
Vanguard Group
Pennsylvania
$52.2M +$1.66M +103,638 +3%
CCA
5
Conestoga Capital Advisors
Pennsylvania
$41.8M -$431K -26,975 -0.9%
JP Morgan Chase
6
JP Morgan Chase
New York
$37.3M +$398K +24,892 +1%
TCM
7
TimesSquare Capital Management
New York
$25.3M +$1.74M +108,770 +7%
William Blair Investment Management
8
William Blair Investment Management
Illinois
$19.3M +$181K +11,323 +0.9%
PCM
9
Palisade Capital Management
New Jersey
$15.3M +$963K +60,243 +6%
NCGI
10
Next Century Growth Investors
Minnesota
$11.2M +$3.1M +194,227 +34%
BlackRock
11
BlackRock
New York
$9.29M -$70.8K -4,429 -0.7%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$5.26M +$429K +26,843 +8%
Bank of America
13
Bank of America
North Carolina
$5.08M +$89.8K +5,623 +2%
Invesco
14
Invesco
Georgia
$4.84M +$5.33M +333,800 New
PI
15
Putnam Investments
Massachusetts
$4.5M +$4.48M +280,082 +927%
Nordea Investment Management
16
Nordea Investment Management
Sweden
$4.39M -$219K -13,681 -4%
PVM
17
Palogic Value Management
Texas
$4.24M +$4.67M +292,059 New
Ameriprise
18
Ameriprise
Minnesota
$4.06M +$17.6K +1,099 +0.4%
New York State Common Retirement Fund
19
New York State Common Retirement Fund
New York
$3.88M +$231K +14,428 +6%
State Street
20
State Street
Massachusetts
$3.5M +$663K +41,480 +21%
Comerica Bank
21
Comerica Bank
Texas
$3.33M
ACH
22
ArrowMark Colorado Holdings
Colorado
$2.59M -$11M -686,913 -79%
Morgan Stanley
23
Morgan Stanley
New York
$2.18M -$1.08M -67,771 -31%
Tudor Investment Corp
24
Tudor Investment Corp
Connecticut
$2.18M +$1.13M +71,024 +90%
Envestnet Asset Management
25
Envestnet Asset Management
Illinois
$2.18M -$44.2K -2,766 -2%

VERX Hedge Fund Activity: Q4 2022 in Review

101 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Vertex (VERX) for Q4 2022, worth a combined $497M — up 12% from $444M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new VERX positions and 7 closed out — a net gain of 19 holders — while 38 added to existing stakes and 26 trimmed.

The largest buyer was Tensile Capital Management, adding an estimated $12M. The largest seller was ArrowMark Colorado Holdings, cutting an estimated $11M.

  • 101 institutional investors held Vertex (VERX) as of Q4 2022, up from 82 in Q3 2022.
  • Funds reported $497M of Vertex stock for Q4 2022, up 12% quarter-over-quarter.
  • 26 funds opened new Vertex positions in Q4 2022 and 7 closed out, a net change of +19 holders.
  • The largest Vertex buyer in Q4 2022 was Tensile Capital Management, an estimated $12M added.
  • The largest Vertex seller in Q4 2022 was ArrowMark Colorado Holdings, an estimated $11M sold.

Based on aggregated 13F filings for Q4 2022.