Vertex
VERX
179 hedge funds and large institutions have $1.77B invested in Vertex in 2024 Q1 according to their latest regulatory filings, with 49 funds opening new positions, 61 increasing their positions, 50 reducing their positions, and 13 closing their positions.
334% more call options, than puts
Call options by funds: $9.46M | Put options by funds: $2.18M
277% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 13
60% more funds holding in top 10
Funds holding in top 10: 5 → 8 (+3)
24% more funds holding
Funds holding: 144 → 179 (+35)
22% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 50
3% less capital inflows, than outflows
Capital inflows: $212M | Capital outflows: $219M
3.85% less ownership
Funds ownership: 94.48% → 90.63% (-3.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$26.3M |
| 2 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$22.3M |
| 3 |
PM
Pembroke Management
Montreal,
Quebec, Canada
|
+$18M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$12.3M |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$10.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$102M |
| 2 |
LA
Legacy Advisors
Plymouth Meeting,
Pennsylvania
|
-$29.2M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
-$16.5M |
| 4 |
TCM
Tensile Capital Management
Larkspur,
California
|
-$9.56M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$7.24M |
VERX Hedge Fund Activity: Q1 2024 in Review
179 of the 6,963 institutional investors tracked by Wall St. Rank reported a position in Vertex (VERX) for Q1 2024, worth a combined $1.77B — up 16% from $1.54B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new VERX positions and 13 closed out — a net gain of 36 holders — while 61 added to existing stakes and 50 trimmed.
The largest buyer was Franklin Resources, opening a new position worth an estimated $26.3M. The largest seller was Neuberger Berman Group, cutting an estimated $102M.
- 179 institutional investors held Vertex (VERX) as of Q1 2024, up from 144 in Q4 2023.
- Funds reported $1.77B of Vertex stock for Q1 2024, up 16% quarter-over-quarter.
- 49 funds opened new Vertex positions in Q1 2024 and 13 closed out, a net change of +36 holders.
- The largest Vertex buyer in Q1 2024 was Franklin Resources, an estimated $26.3M added.
- The largest Vertex seller in Q1 2024 was Neuberger Berman Group, an estimated $102M sold.
Based on aggregated 13F filings for Q1 2024.