Open Lending Corp
LPRO
52 hedge funds and large institutions have $332M invested in Open Lending Corp in 2020 Q2 according to their latest regulatory filings, with 43 funds opening new positions, 6 increasing their positions, 2 reducing their positions, and 37 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
200% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 2
30% more capital invested
Capital invested by funds: $256M → $332M (+$76.5M)
16% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 37
13% more funds holding
Funds holding: 46 → 52 (+6)
67.64% less ownership
Funds ownership: 91.62% → 23.98% (-68%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$37.2M |
| 2 |
CPM
Crescent Park Management
East Palo Alto,
California
|
+$31.8M |
| 3 |
MCM
Moore Capital Management
New York
|
+$18.8M |
| 4 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$11.9M |
| 5 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
+$11.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
-$27.5M |
| 2 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$20.3M |
| 3 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$20.1M |
| 4 |
OP
Omni Partners
London,
United Kingdom
|
-$18.5M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$15.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AFS
76
Amtrust Financial Services
New York
| – | -$1.52M | -150,000 | Closed |
|
|
SCM
77
Shaolin Capital Management
Miami,
Florida
| – | -$1.52M | -150,000 | Closed |
|
|
AA
78
AQR Arbitrage
Greenwich,
Connecticut
| – | -$1.47M | -144,865 | Closed |
|
|
PC
79
Periscope Capital
Toronto,
Ontario, Canada
| – | -$1.23M | -121,500 | Closed |
|
|
KPF
80
K2 Principal Fund
Toronto,
Ontario, Canada
| – | -$1.02M | -100,972 | Closed |
|
|
MSU
81
Mizuho Securities USA
New York
| – | -$964K | -95,000 | Closed |
|
82
Walleye Trading
New York
| – | -$534K | -52,650 | Closed |
|
|
SRCM
83
Sage Rock Capital Management
New York
| – | -$515K | -50,700 | Closed |
|
84
Citigroup
New York
| – | -$508K | -50,000 | Closed |
|
|
AC
85
AWH Capital
Dallas,
Texas
| – | -$343K | -33,825 | Closed |
|
|
PP
86
Prospector Partners
Guilford,
Connecticut
| – | -$262K | -25,800 | Closed |
|
|
GI
87
GAMCO Investors
Greenwich,
Connecticut
| – | -$186K | -18,319 | Closed |
|
88
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
| – | +$11 | +1 | New |
|
LPRO Hedge Fund Activity: Q2 2020 in Review
52 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Open Lending Corp (LPRO) for Q2 2020, worth a combined $332M — up 30% from $256M a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new LPRO positions and 37 closed out — a net gain of 6 holders — while 6 added to existing stakes and 2 trimmed.
The largest buyer was Wasatch Advisors, opening a new position worth an estimated $37.2M. The largest seller was Glazer Capital LLC, exiting entirely with an estimated $27.5M sold.
- 52 institutional investors held Open Lending Corp (LPRO) as of Q2 2020, up from 46 in Q1 2020.
- Funds reported $332M of Open Lending Corp stock for Q2 2020, up 30% quarter-over-quarter.
- 43 funds opened new Open Lending Corp positions in Q2 2020 and 37 closed out, a net change of +6 holders.
- The largest Open Lending Corp buyer in Q2 2020 was Wasatch Advisors, an estimated $37.2M added.
- The largest Open Lending Corp seller in Q2 2020 was Glazer Capital LLC, an estimated $27.5M sold.
Based on aggregated 13F filings for Q2 2020.