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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
Massachusetts Financial Services
26
Massachusetts Financial Services
Massachusetts
$38.1M -$307K -5,213 -0.9%
Holocene Advisors
27
Holocene Advisors
New York
$35.9M +$2.08M +35,380 +7%
ClearBridge Investments
28
ClearBridge Investments
New York
$33.5M +$524K +8,900 +2%
First Trust Advisors
29
First Trust Advisors
Illinois
$32M +$21.1M +357,894 +266%
SSA
30
Schonfeld Strategic Advisors
New York
$30.6M +$26.6M +451,981 +2,558%
Bank of New York Mellon
31
Bank of New York Mellon
New York
$28.5M +$1.45M +24,716 +6%
SPPAM
32
Summit Partners Public Asset Management
Massachusetts
$27M -$9.03M -153,562 -27%
Mirae Asset Global Investments
33
Mirae Asset Global Investments
South Korea
$26.1M +$23.6M +400,555 New
Marshall Wace
34
Marshall Wace
United Kingdom
$26M +$13.7M +232,857 +140%
Northern Trust
35
Northern Trust
Illinois
$22.8M +$3.04M +51,632 +17%
TM
36
Tikvah Management
North Carolina
$21.5M +$2.14M +36,400 +12%
Bank of America
37
Bank of America
North Carolina
$19.3M -$24.1M -410,481 -58%
LWM
38
Long Walk Management
Connecticut
$19.2M +$3.53M +60,000 +26%
Victory Capital Management
39
Victory Capital Management
Texas
$18.4M +$5.29M +89,883 +46%
Squarepoint
40
Squarepoint
New York
$17.9M -$4.88M -82,966 -23%
NC
41
NZS Capital
Colorado
$16.8M -$483K -8,208 -3%
WP
42
Woodline Partners
California
$16.5M +$907K +15,413 +6%
GCP
43
Greenoaks Capital Partners
California
$16.3M
AllianceBernstein
44
AllianceBernstein
Tennessee
$15.2M +$11.7M +198,485 +557%
BCPEMI
45
Bain Capital Public Equity Management II
Massachusetts
$15.1M -$2.41M -40,935 -15%
AP
46
Adero Partners
California
$14.8M +$59 +1 +0%
Millennium Management
47
Millennium Management
New York
$14.6M -$24.9M -423,923 -65%
DDC
48
DF Dent & Co
Maryland
$14.6M -$101K -1,713 -0.8%
GPC
49
Greenstone Partners & Co
California
$14.5M
BC
50
Brookfield Corp
Ontario, Canada
$13.8M

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.