Procore
PCOR
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.
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: 8 → 12 (+4)
10% more funds holding
Funds holding: 266 → 292 (+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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Cadian Capital Management
New York
|
+$123M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$41.2M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$37.9M |
| 4 |
JP Morgan Chase
New York
|
+$35.6M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$32.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
Iconiq Capital
San Francisco,
California
|
-$161M |
| 2 |
DMC
Deer Management Company
Larchmont,
New York
|
-$69.5M |
| 3 |
Westfield Capital Management
Boston,
Massachusetts
|
-$53.9M |
| 4 |
DCP
D1 Capital Partners
New York
|
-$48.5M |
| 5 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
-$46.7M |
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.