Procore
PCOR
266 hedge funds and large institutions have $7.29B invested in Procore in 2023 Q1 according to their latest regulatory filings, with 70 funds opening new positions, 92 increasing their positions, 72 reducing their positions, and 41 closing their positions.
738% more call options, than puts
Call options by funds: $13.4M | Put options by funds: $1.6M
71% more first-time investments, than exits
New positions opened: 70 | Existing positions closed: 41
32% more capital invested
Capital invested by funds: $5.53B → $7.29B (+$1.75B)
28% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 72
12% more funds holding
Funds holding: 238 → 266 (+28)
2.06% less ownership
Funds ownership: 85.02% → 82.96% (-2.1%)
33% less funds holding in top 10
Funds holding in top 10: 12 → 8 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$201M |
| 2 |
JP Morgan Chase
New York
|
+$51.9M |
| 3 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
+$46.4M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$42.9M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$39.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
Iconiq Capital
San Francisco,
California
|
-$200M |
| 2 |
DMC
Deer Management Company
Larchmont,
New York
|
-$92.2M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$76.3M |
| 4 |
Holocene Advisors
New York
|
-$65.2M |
| 5 |
AM
Atreides Management
Boston,
Massachusetts
|
-$50M |
PCOR Hedge Fund Activity: Q1 2023 in Review
266 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Procore (PCOR) for Q1 2023, worth a combined $7.29B — up 32% from $5.53B a quarter earlier.
Buyers outnumbered sellers: 70 funds opened new PCOR positions and 41 closed out — a net gain of 29 holders — while 92 added to existing stakes and 72 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $201M. The largest seller was Iconiq Capital, cutting an estimated $200M.
- 266 institutional investors held Procore (PCOR) as of Q1 2023, up from 238 in Q4 2022.
- Funds reported $7.29B of Procore stock for Q1 2023, up 32% quarter-over-quarter.
- 70 funds opened new Procore positions in Q1 2023 and 41 closed out, a net change of +29 holders.
- The largest Procore buyer in Q1 2023 was Morgan Stanley, an estimated $201M added.
- The largest Procore seller in Q1 2023 was Iconiq Capital, an estimated $200M sold.
Based on aggregated 13F filings for Q1 2023.