Open Lending Corp
LPRO
158 hedge funds and large institutions have $792M invested in Open Lending Corp in 2023 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 53 increasing their positions, 47 reducing their positions, and 26 closing their positions.
14,186% more call options, than puts
Call options by funds: $1M | Put options by funds: $7K
13% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 47
0.32% less ownership
Funds ownership: 89.84% → 89.52% (-0.32%)
5% less funds holding
Funds holding: 166 → 158 (-8)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
30% less capital invested
Capital invested by funds: $1.14B → $792M (-$345M)
31% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCAU
Working Capital Advisors (UK)
London,
United Kingdom
|
+$27.6M |
| 2 |
CC
Cannell Capital
Alta,
Wyoming
|
+$6.65M |
| 3 |
State Street
Boston,
Massachusetts
|
+$2.95M |
| 4 |
AG
Algert Global
San Francisco,
California
|
+$2.27M |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$1.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$12.4M |
| 2 |
BCA
Bernzott Capital Advisors
Camarillo,
California
|
-$6.73M |
| 3 |
Millennium Management
New York
|
-$5.42M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
-$4.24M |
| 5 |
Renaissance Technologies
New York
|
-$3.43M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IECM
176
Intrinsic Edge Capital Management
Chicago,
Illinois
| – | -$108K | -10,251 | Closed |
|
177
Simplex Trading
Chicago,
Illinois
| – | -$21.1K | -2,306 | Closed |
|
178
Point72 Asset Management
Stamford,
Connecticut
| – | -$22.5K | -2,140 | Closed |
|
|
SPIA
179
Steward Partners Investment Advisory
New York
| – | -$3.94K | -375 | Closed |
|
|
BAAM
180
Baker Avenue Asset Management
San Francisco,
California
| – | -$662 | -63 | Closed |
|
|
QC
181
Quent Capital
New York
| – | -$53 | -5 | Closed |
|
|
C
182
Covestor
London,
United Kingdom
| – | -$18 | -2 | -11% |
|
|
DI
183
Disciplined Investments
Tulsa,
Oklahoma
| – | -$11 | -1 | Closed |
|
|
SFG
184
Steward Financial Group
Colleyville,
Texas
| – | +$18 | +2 | New |
|
LPRO Hedge Fund Activity: Q3 2023 in Review
158 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Open Lending Corp (LPRO) for Q3 2023, worth a combined $792M — down 30% from $1.14B a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of LPRO and 18 opened new positions — a net loss of 8 holders — while 47 trimmed existing stakes and 53 added.
The largest buyer was Working Capital Advisors (UK), adding an estimated $27.6M. The largest seller was T. Rowe Price Associates, cutting an estimated $12.4M.
- 158 institutional investors held Open Lending Corp (LPRO) as of Q3 2023, down from 166 in Q2 2023.
- Funds reported $792M of Open Lending Corp stock for Q3 2023, down 30% quarter-over-quarter.
- 18 funds opened new Open Lending Corp positions in Q3 2023 and 26 closed out, a net change of -8 holders.
- The largest Open Lending Corp buyer in Q3 2023 was Working Capital Advisors (UK), an estimated $27.6M added.
- The largest Open Lending Corp seller in Q3 2023 was T. Rowe Price Associates, an estimated $12.4M sold.
Based on aggregated 13F filings for Q3 2023.