Vertex
VERX
144 hedge funds and large institutions have $1.45B invested in Vertex in 2023 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 59 increasing their positions, 31 reducing their positions, and 13 closing their positions.
235% more call options, than puts
Call options by funds: $3.63M | Put options by funds: $1.09M
200% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 13
90% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 31
39% more capital invested
Capital invested by funds: $1.04B → $1.45B (+$407M)
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
20% more funds holding
Funds holding: 120 → 144 (+24)
7.51% more ownership
Funds ownership: 81.69% → 89.2% (+7.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LA
Legacy Advisors
Plymouth Meeting,
Pennsylvania
|
+$78M |
| 2 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$35.5M |
| 3 |
Morgan Stanley
New York
|
+$20.2M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$16.3M |
| 5 |
VEPM
Vista Equity Partners Management
San Francisco,
California
|
+$13.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BMCM
Bryn Mawr Capital Management
Philadelphia,
Pennsylvania
|
-$25.6M |
| 2 |
TCM
Tensile Capital Management
Larkspur,
California
|
-$17.7M |
| 3 |
Neuberger Berman Group
New York
|
-$7.68M |
| 4 |
Nordea Investment Management
Stockholm,
Sweden
|
-$7.08M |
| 5 |
FAM
Fred Alger Management
New York
|
-$6.01M |
VERX Hedge Fund Activity: Q4 2023 in Review
144 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Vertex (VERX) for Q4 2023, worth a combined $1.45B — up 39% from $1.04B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new VERX positions and 13 closed out — a net gain of 26 holders — while 59 added to existing stakes and 31 trimmed.
The largest buyer was Legacy Advisors, adding an estimated $78M. The largest seller was Bryn Mawr Capital Management, cutting an estimated $25.6M.
- 144 institutional investors held Vertex (VERX) as of Q4 2023, up from 120 in Q3 2023.
- Funds reported $1.45B of Vertex stock for Q4 2023, up 39% quarter-over-quarter.
- 39 funds opened new Vertex positions in Q4 2023 and 13 closed out, a net change of +26 holders.
- The largest Vertex buyer in Q4 2023 was Legacy Advisors, an estimated $78M added.
- The largest Vertex seller in Q4 2023 was Bryn Mawr Capital Management, an estimated $25.6M sold.
Based on aggregated 13F filings for Q4 2023.