Vertex
VERX
120 hedge funds and large institutions have $1.04B invested in Vertex in 2023 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 56 increasing their positions, 31 reducing their positions, and 21 closing their positions.
431% more call options, than puts
Call options by funds: $2.79M | Put options by funds: $526K
81% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 31
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
24% more capital invested
Capital invested by funds: $840M → $1.04B (+$202M)
1.66% more ownership
Funds ownership: 80.03% → 81.69% (+1.7%)
1% less funds holding
Funds holding: 121 → 120 (-1)
5% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$9.14M |
| 2 |
FAM
Fred Alger Management
New York
|
+$8.32M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
+$7.2M |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$6.12M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SSA
Schonfeld Strategic Advisors
New York
|
-$12M |
| 2 |
Millennium Management
New York
|
-$11.5M |
| 3 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
-$9.19M |
| 4 |
Morgan Stanley
New York
|
-$4.27M |
| 5 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$3.9M |
VERX Hedge Fund Activity: Q3 2023 in Review
120 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Vertex (VERX) for Q3 2023, worth a combined $1.04B — up 24% from $840M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of VERX and 20 opened new positions — a net loss of 1 holder — while 31 trimmed existing stakes and 56 added.
The largest buyer was Granahan Investment Management, opening a new position worth an estimated $9.14M. The largest seller was Schonfeld Strategic Advisors, exiting entirely with an estimated $12M sold.
- 120 institutional investors held Vertex (VERX) as of Q3 2023, down from 121 in Q2 2023.
- Funds reported $1.04B of Vertex stock for Q3 2023, up 24% quarter-over-quarter.
- 20 funds opened new Vertex positions in Q3 2023 and 21 closed out, a net change of -1 holder.
- The largest Vertex buyer in Q3 2023 was Granahan Investment Management, an estimated $9.14M added.
- The largest Vertex seller in Q3 2023 was Schonfeld Strategic Advisors, an estimated $12M sold.
Based on aggregated 13F filings for Q3 2023.