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Procore
PCOR

199 hedge funds and large institutions have $6.3B invested in Procore in 2022 Q1 according to their latest regulatory filings, with 61 funds opening new positions, 78 increasing their positions, 36 reducing their positions, and 42 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 36

94% more call options, than puts

Call options by funds: $23.7M | Put options by funds: $12.3M

50% more funds holding in top 10

Funds holding in top 10: 6 → 9 (+3)

45% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 42

11% more funds holding

Funds holding: 180 → 199 (+19)

0.12% less ownership

Funds ownership: 80.61% → 80.49% (-0.12%)

26% less capital invested

Capital invested by funds: $8.51B → $6.3B (-$2.21B)

Holders
199
Holders Change
+19
Holders Change %
+10.56%
% of All Funds
3.14%
Holding in Top 10
9
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+50%
% of All Funds
0.14%
New
61
Increased
78
Reduced
36
Closed
42
Calls
$23.7M
Puts
$12.3M
Net Calls
+$11.5M
Net Calls Change
+$9.71M

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$137M
2
American Century Companies
American Century Companies
Missouri
+$102M
3
IC
Iconiq Capital
California
+$75.4M
4
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$75.4M
5
1WCM
12 West Capital Management
New York
+$69.6M

Top Sellers

1
Tiger Global Management
Tiger Global Management
New York
-$208M
2
DIG
Dragoneer Investment Group
California
-$113M
3
DMC
Deer Management Company
New York
-$110M
4
XL
XN LP
New York
-$83.4M
5
Capital Research Global Investors
Capital Research Global Investors
California
-$58.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
ClearBridge Investments
26
ClearBridge Investments
New York
$24.1M +$8.55M +134,426 +48%
WP
27
Woodline Partners
California
$16.7M +$18.3M +287,301 New
Artisan Partners
28
Artisan Partners
Wisconsin
$15M +$16.4M +258,608 New
Alkeon Capital Management
29
Alkeon Capital Management
New York
$15M -$45.7M -718,265 -74%
DDC
30
DF Dent & Co
Maryland
$13.1M +$945K +14,863 +7%
Millennium Management
31
Millennium Management
New York
$12.8M +$3.24M +51,004 +30%
LWM
32
Long Walk Management
Connecticut
$12.5M +$13.7M +215,000 New
RP
33
Regal Partners
Australia
$12.4M +$10.5M +165,015 +333%
AP
34
Adero Partners
California
$12.3M +$8.74M +137,464 +183%
BC
35
Brookfield Corp
Ontario, Canada
$12.3M – – –
Geode Capital Management
36
Geode Capital Management
Massachusetts
$12.3M +$1.2M +18,916 +10%
N
37
Nuveen
North Carolina
$10.1M +$167K +2,620 +2%
OAC
38
OMERS Administration Corp
Ontario, Canada
$9.67M – – –
Bank of America
39
Bank of America
North Carolina
$9.62M +$9.36M +147,249 +783%
GPC
40
Greenstone Partners & Co
California
$9.5M +$10.4M +163,956 New
TP
41
Teca Partners
Texas
$9.23M +$10.1M +159,308 New
Fidelity Investments
42
Fidelity Investments
Massachusetts
$9.03M -$65.8K -1,035 -0.7%
Bank of Nova Scotia
43
Bank of Nova Scotia
Ontario, Canada
$8.65M +$9.49M +149,300 New
AVM
44
Altos Ventures Management
California
$8.24M +$132K +2,083 +1%
PPA
45
Parametric Portfolio Associates
Washington
$8.2M +$2.61M +41,085 +41%
BOCH
46
Blue Owl Capital Holdings
New York
$8.16M +$1.68M +26,479 +23%
Two Sigma Investments
47
Two Sigma Investments
New York
$8.13M +$7.95M +125,130 +823%
CSS
48
Cubist Systematic Strategies
Connecticut
$7.78M +$4.66M +73,248 +120%
Wellington Management Group
49
Wellington Management Group
Massachusetts
$7.58M -$175K -2,746 -2%
MC
50
Metavasi Capital
New York
$7.36M +$3.62M +57,000 +81%
1
2
3 4 5

PCOR Hedge Fund Activity: Q1 2022 in Review

199 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Procore (PCOR) for Q1 2022, worth a combined $6.3B — down 26% from $8.51B a quarter earlier.

Buyers outnumbered sellers: 61 funds opened new PCOR positions and 42 closed out — a net gain of 19 holders — while 78 added to existing stakes and 36 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $137M. The largest seller was Tiger Global Management, cutting an estimated $208M.

  • 199 institutional investors held Procore (PCOR) as of Q1 2022, up from 180 in Q4 2021.
  • Funds reported $6.3B of Procore stock for Q1 2022, down 26% quarter-over-quarter.
  • 61 funds opened new Procore positions in Q1 2022 and 42 closed out, a net change of +19 holders.
  • The largest Procore buyer in Q1 2022 was Morgan Stanley, an estimated $137M added.
  • The largest Procore seller in Q1 2022 was Tiger Global Management, an estimated $208M sold.

Based on aggregated 13F filings for Q1 2022.