Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

I3 Verticals Inc (IIIV)

141 + Investors. Track Smart Money conviction in IIIV. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -8
Streak
2Q ▼
Buyers last Q
47%

Smart Money Signals — IIIV

Based on 143 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their IIIV positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 86% of 3.0Y peak

86% of all-time peak
143 funds currently hold this stock — 86% of the 3.0-year high of 166 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 7% fewer funds vs a year ago

fund count last 6Q
10 fewer hedge funds hold IIIV compared to a year ago (-7% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 47% buying

71 buying80 selling
Last quarter: 80 funds reduced or exited vs 71 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

More new buyers each quarter (+7 vs last Q)

new funds entering per quarter
Funds opening a new IIIV position: 26 → 35 → 15 → 22. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 27% medium ■ 22% new
72 out of 143 hedge funds have held IIIV for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +3%, value -13%

Value
-13%
Shares
+2%
Last quarter: funds added +3% more shares while total portfolio value only changed -13%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

25 → 26 → 35 → 15 → 22 new funds/Q
New funds entering each quarter: 26 → 35 → 15 → 22. IIIV is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 54% of holders stayed 2+ years

■ 54% veterans ■ 16% 1-2yr ■ 30% new
Of 143 current holders: 77 (54%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
📋

Smaller funds dominant — 19% AUM from top-100

19% from top-100 AUM funds
35 of 143 holders rank in the top 100 by AUM, but together hold only 19% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — IIIV

In 2026 Q1, 71 hedge funds were net buyers of IIIV (22 opened a new position, 49 added to an existing one), while 80 reduced or exited (50 trimmed, 30 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. Net fund flow last quarter: -8 funds (more exits than new entries). Total institutional holders: 143.

Hedge Fund Ownership: IIIV

How many hedge funds hold IIIV — quarterly history vs. share price
Quarterly hedge fund ownership of IIIV vs. share price

Market Analysis: IIIV

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: IIIV

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy I3 Verticals Inc (IIIV) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much IIIV has moved relative to its sector benchmark (XLK) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 81d ago
IIIV
nan%
XLK
+44.0%

IIIV outperformed XLK by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 36d ago
IIIV
nan%
XLK
+8.6%

Since the filing became public, IIIV outperformed XLK by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

18 top-rated funds 1 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
1.6
/ 10
conviction
Hedge Fund Positioning: IIIV
141 + Investors

Track Smart Money conviction in IIIV. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 141 151 -6.62%
13F Shares 25M 24M 2.72%
Total Value $523M $605M -13.55%
New Positions 21 15 +6
Increased Positions 47 57 -10
Closed Positions 31 30 +1
Reduced Positions 51 58 -7
Total Calls 0 1 -100.0%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: IIIV

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
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Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

141 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in IIIV. Verified SEC 13F-HR filings.

QUARTER:
Top 25 IIIV holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Long Path Partners LP 8.32% 819,625 $18.3M
2 Forager Capital Management, LLC 6.45% 579,401 $13.0M
3 AltraVue Capital, LLC 2.25% 1,170,146 $26.2M
4 Crosslink Capital Inc 2.11% 966,001 $21.6M
5 12th Street Asset Management Company, LLC 1.91% 522,821 $11.7M
6 Ranger Investment Management, L.P. 1.50% 925,888 $20.7M
7 Punch & Associates Investment Management, INC. 1.33% 1,032,606 $23.1M
8 North Reef Capital Management LP 0.79% 1,025,000 $22.9M
9 Geneva Capital Management LLC 0.74% 1,555,904 $34.8M
10 Heartland Advisors Inc 0.69% 606,950 $13.6M
11 Legato Capital Management LLC 0.50% 247,394 $5.5M
12 Teton Advisors, LLC 0.47% 30,000 $671K
13 Portolan Capital Management, LLC 0.25% 207,274 $4.6M
14 Nicholas Company, INC. 0.13% 293,827 $6.6M
15 Royce & Associates LP 0.13% 583,425 $13.0M
16 ArrowMark Colorado Holdings LLC 0.12% 201,987 $4.5M
17 Tectonic Advisors LLC 0.12% 98,277 $2.2M
18 William Blair Investment Management, LLC 0.09% 1,176,960 $26.3M
19 Harbor Asset Planning, Inc. 0.08% 4,000 $89K
20 Cullen Investment Group, LTD. 0.07% 23,156 $518K
21 Kennedy Capital Management LLC 0.07% 138,284 $3.1M
22 Coyle Financial Counsel LLC 0.05% 11,552 $258K
23 Wasatch Advisors LP 0.05% 351,804 $7.9M
24 Mcmorgan & Co LLC 0.04% 12,271 $274K
25 Confluence Investment Management LLC 0.04% 120,314 $2.7M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — I3 Verticals Inc (IIIV)

What does the Smart Money Trend signal show for IIIV?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their IIIV positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for IIIV?

More sellers than buyers — 47% buying: Last quarter: 80 funds reduced or exited vs 71 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for IIIV holders?

Smaller funds dominant — 19% AUM from top-100: 35 of 143 holders rank in the top 100 by AUM, but together hold only 19% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held IIIV?

50% of holders stayed for 2+ years: 72 out of 143 hedge funds have held IIIV for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy I3 Verticals Inc (IIIV) following the 2026 Q1 hedge fund 13F filings?

As of today, IIIV has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +8.6% for the XLK sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), IIIV has gained nan% vs +44.0% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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