I3 Verticals Inc-class A (IIIV) Smart Money Holdings (13F, Q2 2026)

IIIV ranks #3946 out of 37501 tracked stocks by institutional interest, inside the more closely watched half of our coverage.

IIIV is a top-conviction position for Forager Capital Management, LLC — at 6.9% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in IIIV belongs to BlackRock, Inc., but the position matters far more to Forager Capital Management, LLC, who has 6.9% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

North Reef Capital Management LP has added to its IIIV position for two straight quarters, increasing it by $21.1M to reach $23.0M today.

T. Rowe Price has trimmed its IIIV position for two straight quarters, cutting it by $69.3M while still holding $9.9M.

IIIV is up 5% today, and institutions have been net buyers of $13.4M this quarter — today's price move and the underlying institutional flow are pointing the same direction.

IIIV posted net income of $8.5M over the trailing twelve months, and currently trades at a P/E of 67.4.

• Profitable — net income of $8.5M over the trailing twelve months
• Revenue grew 20.9% year over year
• Net income declined year over year, from $132.7M to $8.5M
• Generated $5.7M in positive operating cash flow
• Current ratio of 1.95x — enough short-term assets to cover short-term liabilities
• Liabilities run 0.31x equity — within a conventional range