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Procore
PCOR

130 hedge funds and large institutions have $9.06B invested in Procore in 2021 Q3 according to their latest regulatory filings, with 60 funds opening new positions, 36 increasing their positions, 23 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

734% more call options, than puts

Call options by funds: $9.24M | Put options by funds: $1.11M

233% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 18

57% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 23

46% more funds holding

Funds holding: 89 → 130 (+41)

0.11% more ownership

Funds ownership: 77.95% → 78.05% (+0.11%)

4% less capital invested

Capital invested by funds: $9.42B → $9.06B (-$360M)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
130
Holders Change
+41
Holders Change %
+46.07%
% of All Funds
2.28%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.07%
New
60
Increased
36
Reduced
23
Closed
18
Calls
$9.24M
Puts
$1.11M
Net Calls
+$8.13M
Net Calls Change
+$3.37M

Top Buyers

1
ESCM
Echo Street Capital Management
New York
+$57.1M
2
Alkeon Capital Management
Alkeon Capital Management
New York
+$52.4M
3
Franklin Resources
Franklin Resources
California
+$47.2M
4
Goldman Sachs
Goldman Sachs
New York
+$42.4M
5
HCM
Hitchwood Capital Management
New York
+$30.2M

Top Sellers

1
DIG
Dragoneer Investment Group
California
-$199M
2
DCP
D1 Capital Partners
New York
-$45.1M
3
SCM
Steadfast Capital Management
New York
-$19.9M
4
DCM
Discovery Capital Management
Connecticut
-$7.54M
5
Temasek Holdings
Temasek Holdings
Singapore
-$7.36M
Name Holding Trade Value Shares
Change 		Change in
Stake
SOW
126
State of Wyoming
Wyoming
$2K +$1.89K +20 New
Bank of America
127
Bank of America
North Carolina
$1K +$754 +8 New
AFS
128
Annapolis Financial Services
Maryland
$1K +$943 +10 New
SCM
129
Steadfast Capital Management
New York
– -$19.9M -209,714 Closed
AP
130
Archon Partners
New Jersey
– -$6.65M -70,000 Closed
Alyeska Investment Group
131
Alyeska Investment Group
Illinois
– -$4.75M -50,000 Closed
Two Sigma Investments
132
Two Sigma Investments
New York
– -$4.21M -44,358 Closed
DKCM
133
Davidson Kempner Capital Management
New York
– -$3.8M -40,000 Closed
LP
134
LMR Partners
United Kingdom
– -$2.71M -28,521 Closed
ECM
135
Element Capital Management
New York
– -$2.36M -24,843 Closed
Millennium Management
136
Millennium Management
New York
– -$2.14M -22,531 Closed
Squarepoint
137
Squarepoint
New York
– -$1.47M -15,500 Closed
LCS
138
Levin Capital Strategies
New York
– -$950K -10,000 Closed
Capstone Investment Advisors
139
Capstone Investment Advisors
New York
– -$665K -7,000 Closed
SSA
140
Schonfeld Strategic Advisors
New York
– -$477K -5,020 Closed
Susquehanna International Group
141
Susquehanna International Group
Pennsylvania
– -$359K -3,804 Closed
MS
142
Maven Securities
Jersey
– -$264K -2,840 Closed
LSA
143
Leonteq Securities AG
Switzerland
– -$95K -1,000 Closed
ASN
144
Advisory Services Network
Georgia
– -$80K -847 Closed
PCM
145
Pinz Capital Management
New York
– -$43K -450 Closed
FFG
146
Ford Financial Group
California
– -$4K -50 Closed
BWL
147
Bogart Wealth LLC
Virginia
– +$189 +2 New
PNC Financial Services Group
148
PNC Financial Services Group
Pennsylvania
– +$283 +3 New
2 3 4 5
6

PCOR Hedge Fund Activity: Q3 2021 in Review

130 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Procore (PCOR) for Q3 2021, worth a combined $9.06B — down 3.8% from $9.42B a quarter earlier.

Buyers outnumbered sellers: 60 funds opened new PCOR positions and 18 closed out — a net gain of 42 holders — while 36 added to existing stakes and 23 trimmed.

The largest buyer was Echo Street Capital Management, adding an estimated $57.1M. The largest seller was Dragoneer Investment Group, cutting an estimated $199M.

  • 130 institutional investors held Procore (PCOR) as of Q3 2021, up from 89 in Q2 2021.
  • Funds reported $9.06B of Procore stock for Q3 2021, down 3.8% quarter-over-quarter.
  • 60 funds opened new Procore positions in Q3 2021 and 18 closed out, a net change of +42 holders.
  • The largest Procore buyer in Q3 2021 was Echo Street Capital Management, an estimated $57.1M added.
  • The largest Procore seller in Q3 2021 was Dragoneer Investment Group, an estimated $199M sold.

Based on aggregated 13F filings for Q3 2021.