i3 Verticals, Inc.
US ˙ NasdaqGS ˙ US46571Y1073

SecurityIIIV / i3 Verticals, Inc.
InstitutionRanger Investment Management, L.P.
Latest Disclosed Ownership925,888 shares
Latest Disclosed Value $ 20,702,856
Ranger Investment Management, L.P. reports 0.50% decrease in ownership of IIIV / i3 Verticals, Inc.

On May 15, 2026 - Ranger Investment Management, L.P. filed a 13F-HR form disclosing ownership of 925,888 shares of i3 Verticals, Inc. (US:IIIV) valued at $20,702,856 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 930,558 shares of i3 Verticals, Inc.. This represents a change in shares of -0.50% during the quarter. The current value of the position is $18,156,664 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F I3 Verticals COM 46571Y107 925,888 -4,670 -0.50 20,703 -11.68 1.4979
2026-02-13 2025-12-31 13F I3 Verticals COM 46571Y107 930,558 -25,637 -2.68 23,441 -24.48 1.6078
2025-11-05 2025-09-30 13F I3 Verticals COM 46571Y107 956,195 -190,005 -16.58 31,038 -1.46 2.1639
2025-08-19 2025-06-30 13F I3 Verticals COM 46571Y107 1,146,200 3,505 0.31 31,498 11.73 2.1996
2025-05-15 2025-03-31 13F I3 Verticals COM 46571Y107 1,142,695 -11,240 -0.97 28,190 6.03 2.0146
2025-02-13 2024-12-31 13F I3 Verticals COM 46571Y107 1,153,935 -19,650 -1.67 26,587 6.31 1.6786
2024-11-04 2024-09-30 13F I3 Verticals COM 46571Y107 1,173,585 37,485 3.30 25,009 -0.30 1.6048
2024-08-14 2024-06-30 13F I3 Verticals COM 46571Y107 1,136,100 13,115 1.17 25,085 -2.41 1.7067
2024-05-15 2024-03-31 13F I3 Verticals COM 46571Y107 1,122,985 75,000 7.16 25,705 15.87 1.6530
2024-02-14 2023-12-31 13F I3 Verticals COM 46571Y107 1,047,985 26,670 2.61 22,186 2.76 1.3451
2023-11-14 2023-09-30 13F I3 Verticals COM 46571Y107 1,021,315 -46,415 -4.35 21,591 -11.55 1.4335
2023-08-14 2023-06-30 13F I3 Verticals COM 46571Y107 1,067,730 56,394 5.58 24,408 -1.61 1.4691
2023-05-05 2023-03-31 13F I3 Verticals COM 46571Y107 1,011,336 53,670 5.60 24,808 6.43 1.6625
2023-02-14 2022-12-31 13F I3 Verticals COM 46571Y107 957,666 22,522 2.41 23,310 24.44 1.7303
2022-11-14 2022-09-30 13F I3 Verticals COM 46571Y107 935,144 539,904 136.60 18,731 89.41 1.4706
2022-08-15 2022-06-30 13F I3 Verticals COM 46571Y107 395,240 -72,928 -15.58 9,889 -24.18 0.7484
2022-05-13 2022-03-31 13F I3 Verticals COM 46571Y107 468,168 27,990 6.36 13,043 30.01 0.8245
2022-02-11 2021-12-31 13F I3 Verticals COM 46571Y107 440,178 201,737 84.61 10,032 73.77 0.5479
2021-11-15 2021-09-30 13F I3 Verticals COM 46571Y107 238,441 54,656 29.74 5,773 3.94 0.3080
2021-08-16 2021-06-30 13F I3 Verticals COM 46571Y107 183,785 -810 -0.44 5,554 -3.34 0.2900
2021-05-17 2021-03-31 13F I3 Verticals COM 46571Y107 184,595 -1,897 -1.02 5,746 -7.20 0.3162
2021-02-12 2020-12-31 13F I3 Verticals COM 46571Y107 186,492 -710,609 -79.21 6,192 -72.66 0.3265
2020-11-16 2020-09-30 13F I3 Verticals COM 46571Y107 897,101 55,028 6.53 22,652 -11.07 1.4410
2020-08-14 2020-06-30 13F I3 Verticals COM 46571Y107 842,073 69,531 9.00 25,473 72.72 1.7449
2020-05-15 2020-03-31 13F I3 Verticals COM 46571Y107 772,542 -240,000 -23.70 14,748 -48.44 1.2974
2020-02-14 2019-12-31 13F I3 Verticals COM 46571Y107 1,012,542 59,697 6.27 28,604 49.20 1.8862
2019-11-14 2019-09-30 13F I3 Verticals COM 46571Y107 952,845 721,135 311.22 19,171 180.93 1.3744
2019-08-14 2019-06-30 13F I3 Verticals COM 46571Y107 231,710 9,300 4.18 6,824 27.74 0.4652
2019-05-15 2019-03-31 13F I3 Verticals COM 46571Y107 222,410 93,565 72.62 5,342 72.05 0.3863
2019-02-14 2018-12-31 13F I3 Verticals COM 46571Y107 128,845 128,845 3,105 0.2533
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.