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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
BFA
201
BBJS Financial Advisors
Washington
$495K +$447K +7,600 New
VWM
202
Venturi Wealth Management
Texas
$490K -$13.6K -232 -3%
SFO
203
Stokes Family Office
Louisiana
$487K
DU
204
Delphia (USA)
Ontario, Canada
$487K +$154K +2,618 +54%
Parnassus Investments
205
Parnassus Investments
California
$478K
LPP
206
Long Path Partners
Connecticut
$444K +$192K +3,268 +92%
CGH
207
Crossmark Global Holdings
Texas
$430K +$471 +8 +0.1%
ECG
208
EPIQ Capital Group
California
$424K +$188K +3,201 +97%
AssetMark Inc
209
AssetMark Inc
California
$418K +$647 +11 +0.2%
Corient Private Wealth
210
Corient Private Wealth
Florida
$418K +$378K +6,423 New
Fifth Third Bancorp
211
Fifth Third Bancorp
Ohio
$407K -$19.5K -332 -5%
MSRPS
212
Maryland State Retirement & Pension System
Maryland
$404K +$46.3K +787 +15%
CG
213
Caprock Group
Idaho
$401K -$239K -4,071 -40%
Mariner
214
Mariner
Kansas
$388K -$13.6K -231 -4%
FC
215
FORA Capital
Florida
$387K +$349K +5,941 New
OAM
216
Oppenheimer Asset Management
New York
$381K +$59 +1 +0%
WS
217
Wedbush Securities
California
$377K
AI
218
AdvisorShares Investments
Maryland
$338K +$306K +5,200 New
GC
219
Guggenheim Capital
Illinois
$330K +$298K +5,066 New
GIP
220
Greatmark Investment Partners
Georgia
$325K
FBT
221
First Bank & Trust
South Dakota
$324K -$37.6K -640 -11%
PA
222
Parallel Advisors
California
$317K +$23.1K +392 +9%
MIM
223
MetLife Investment Management
New Jersey
$314K +$76.9K +1,307 +37%
PFO
224
Pathstone Family Office
New Jersey
$309K +$765 +13 +0.3%
TCM
225
Teza Capital Management
Illinois
$309K +$279K +4,744 New

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.