nCino
NCNO
195 hedge funds and large institutions have $2.64B invested in nCino in 2023 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 78 increasing their positions, 53 reducing their positions, and 39 closing their positions.
137% more call options, than puts
Call options by funds: $10.4M | Put options by funds: $4.39M
47% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 53
2.28% more ownership
Funds ownership: 93.11% → 95.39% (+2.3%)
3% less capital invested
Capital invested by funds: $2.73B → $2.64B (-$89.9M)
5% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 39
1% less funds holding
Funds holding: 197 → 195 (-2)
9% less funds holding in top 10
Funds holding in top 10: 11 → 10 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$47.7M |
| 2 |
MG
Meritage Group
San Francisco,
California
|
+$44.9M |
| 3 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
+$20.7M |
| 4 |
KC
Keenan Capital
Burlingame,
California
|
+$19.3M |
| 5 |
HCM
HMI Capital Management
San Francisco,
California
|
+$17.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PEP
Providence Equity Partners
Providence,
Rhode Island
|
-$20M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$15.3M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$13.7M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$11.3M |
| 5 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$10.4M |
NCNO Hedge Fund Activity: Q1 2023 in Review
195 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in nCino (NCNO) for Q1 2023, worth a combined $2.64B — down 3.3% from $2.73B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of NCNO and 37 opened new positions — a net loss of 2 holders — while 53 trimmed existing stakes and 78 added.
The largest buyer was Kayne Anderson Rudnick Investment Management, adding an estimated $47.7M. The largest seller was Providence Equity Partners, exiting entirely with an estimated $20M sold.
- 195 institutional investors held nCino (NCNO) as of Q1 2023, down from 197 in Q4 2022.
- Funds reported $2.64B of nCino stock for Q1 2023, down 3.3% quarter-over-quarter.
- 37 funds opened new nCino positions in Q1 2023 and 39 closed out, a net change of -2 holders.
- The largest nCino buyer in Q1 2023 was Kayne Anderson Rudnick Investment Management, an estimated $47.7M added.
- The largest nCino seller in Q1 2023 was Providence Equity Partners, an estimated $20M sold.
Based on aggregated 13F filings for Q1 2023.