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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.

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: 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%)

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

Top Buyers

Rank Fund Capital Flow
1
CCM
Cadian Capital Management
New York
+$123M
2
Ameriprise
Ameriprise
Minnesota
+$41.2M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$37.9M
4
JP Morgan Chase
JP Morgan Chase
New York
+$35.6M
5
DCM
Driehaus Capital Management
Illinois
+$32.8M

Top Sellers

Rank Fund Capital Flow
1
IC
Iconiq Capital
California
-$161M
2
DMC
Deer Management Company
New York
-$69.5M
3
Westfield Capital Management
Westfield Capital Management
Massachusetts
-$53.9M
4
DCP
D1 Capital Partners
New York
-$48.5M
5
DIG
Dragoneer Investment Group
California
-$46.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
FGIM
101
First Growth Investment Manager
California
$3.16M +$1.06M +18,000 +59%
ACM
102
Advisors Capital Management
New Jersey
$3.02M +$31.2K +530 +1%
State Board of Administration of Florida Retirement System
103
State Board of Administration of Florida Retirement System
Florida
$3M -$85.2K -1,449 -3%
State of New Jersey Common Pension Fund D
104
State of New Jersey Common Pension Fund D
New Jersey
$2.94M +$567K +9,631 +27%
BCI
105
Brinker Capital Investments
Pennsylvania
$2.92M -$191K -3,246 -7%
OPS
106
Orion Portfolio Solutions
Nebraska
$2.92M -$191K -3,246 -7%
PP
107
PDT Partners
New York
$2.85M +$294K +5,004 +13%
AIM
108
Aigen Investment Management
New York
$2.84M +$1.32M +22,416 +106%
WT
109
Whittier Trust
California
$2.73M – – –
KAM
110
Karani Asset Management
New York
$2.73M -$229K -3,893 -8%
Jane Street
111
Jane Street
New York
$2.72M +$1.18M +20,078 +92%
Qube Research & Technologies (QRT)
112
Qube Research & Technologies (QRT)
United Kingdom
$2.68M -$10.2M -172,609 -81%
Tudor Investment Corp
113
Tudor Investment Corp
Connecticut
$2.56M -$208K -3,538 -8%
Allspring Global Investments
114
Allspring Global Investments
North Carolina
$2.55M +$2.3M +39,160 New
GSC
115
Grey Street Capital
Illinois
$2.52M – – –
SFI
116
Susquehanna Fundamental Investments
Pennsylvania
$2.37M – – –
Two Sigma Advisers
117
Two Sigma Advisers
New York
$2.36M +$688K +11,700 +48%
Ohio Public Employees Retirement System (OPERS)
118
Ohio Public Employees Retirement System (OPERS)
Ohio
$2.31M +$9.29K +158 +0.4%
HFA
119
Harbert Fund Advisors
Alabama
$2.28M -$382K -6,500 -16%
GAM
120
Gotham Asset Management
New York
$2.26M +$59.5K +1,012 +3%
BC
121
BIT Capital
Germany
$2.23M +$2.02M +34,299 New
Treasurer of the State of North Carolina
122
Treasurer of the State of North Carolina
North Carolina
$2.23M +$189K +3,210 +10%
CC
123
Cipher Capital
New York
$2.18M +$1.97M +33,480 New
Cerity Partners
124
Cerity Partners
New York
$2.04M +$1.84M +31,278 New
ECU
125
Eisler Capital (US)
New York
$2.02M +$1.83M +31,100 New
3 4
5
6 7

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.