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Procore

292 hedge funds and large institutions have $7.58B invested in Procore in 2023 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 126 increasing their positions, 70 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,615% more call options, than puts

Call options by funds: $22.5M | Put options by funds: $1.31M

93% more first-time investments, than exits

New positions opened: 58 | Existing positions closed: 30

80% more repeat investments, than reductions

Existing positions increased: 126 | Existing positions reduced: 70

50% more funds holding in top 10

Funds holding in top 10: 812 (+4)

10% more funds holding

Funds holding: 266292 (+26)

4% more capital invested

Capital invested by funds: $7.29B → $7.58B (+$291M)

0.06% less ownership

Funds ownership: 82.96%82.9% (-0.06%)

Holders
292
Holders Change
+26
Holders Change %
+9.77%
% of All Funds
4.58%
Holding in Top 10
12
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+50%
% of All Funds
0.19%
New
58
Increased
126
Reduced
70
Closed
30
Calls
$22.5M
Puts
$1.31M
Net Calls
+$21.2M
Net Calls Change
+$9.45M
Name Holding Trade Value Shares
Change
Change in
Stake
AG
226
Artal Group
Luxembourg
$293K +$265K +4,500 New
TFA
227
Toth Financial Advisory
Virginia
$288K +$261K +4,430 New
FRA
228
Frank Rimerman Advisors
California
$288K
DIM
229
DC Investments Management
Virginia
$287K
SFA
230
Source Financial Advisors
New York
$281K +$254K +4,325 New
URS
231
Utah Retirement Systems
Utah
$273K +$17.6K +300 +8%
Manulife (Manufacturers Life Insurance)
232
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$272K -$3.86M -65,588 -94%
Bank of Montreal
233
Bank of Montreal
Ontario, Canada
$269K +$11.4K +193 +5%
AQR Capital Management
234
AQR Capital Management
Connecticut
$259K +$234K +3,983 New
AR
235
Advisory Research
Illinois
$256K +$9.35K +159 +4%
Deutsche Bank
236
Deutsche Bank
Germany
$255K +$81.1K +1,379 +54%
VPIM
237
Vanguard Personalized Indexing Management
California
$251K -$14.5K -247 -6%
PAG
238
Private Advisor Group
New Jersey
$250K +$194K +3,302 New
MCM
239
MAI Capital Management
Ohio
$234K
DT
240
Diversified Trust
Tennessee
$234K -$146K -2,481 -41%
CIBC Asset Management
241
CIBC Asset Management
Ontario, Canada
$217K
IB
242
Intrust Bank
Kansas
$204K +$184K +3,130 New
ONGA
243
O'Neil Global Advisors
California
$201K +$182K +3,087 New
PWG
244
Portside Wealth Group
Utah
$200K +$181K +3,080 New
XT
245
XTX Topco
Cayman Islands
$200K -$272K -4,623 -60%
Fidelity Investments
246
Fidelity Investments
Massachusetts
$188K -$294 -5 -0.2%
Royal Bank of Canada
247
Royal Bank of Canada
Ontario, Canada
$175K -$306K -5,201 -66%
TRCT
248
Tower Research Capital (TRC)
New York
$174K +$120K +2,040 +321%
PI
249
PEAK6 Investments
Illinois
$173K +$156K +2,655 New
BAM
250
Bullseye Asset Management
Colorado
$130K -$776K -13,188 -87%

PCOR Hedge Fund Activity: Q2 2023 in Review

292 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Procore (PCOR) for Q2 2023, worth a combined $7.58B — up 4% from $7.29B a quarter earlier.

Buyers outnumbered sellers: 58 funds opened new PCOR positions and 30 closed out — a net gain of 28 holders — while 126 added to existing stakes and 70 trimmed.

The largest buyer was Cadian Capital Management, adding an estimated $123M. The largest seller was Iconiq Capital, cutting an estimated $161M.

  • 292 institutional investors held Procore (PCOR) as of Q2 2023, up from 266 in Q1 2023.
  • Funds reported $7.58B of Procore stock for Q2 2023, up 4% quarter-over-quarter.
  • 58 funds opened new Procore positions in Q2 2023 and 30 closed out, a net change of +28 holders.
  • The largest Procore buyer in Q2 2023 was Cadian Capital Management, an estimated $123M added.
  • The largest Procore seller in Q2 2023 was Iconiq Capital, an estimated $161M sold.

Based on aggregated 13F filings for Q2 2023.