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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ESCM
Echo Street Capital Management
New York
|
+$57.1M |
| 2 |
Alkeon Capital Management
New York
|
+$52.4M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$47.2M |
| 4 |
Goldman Sachs
New York
|
+$42.4M |
| 5 |
HCM
Hitchwood Capital Management
New York
|
+$30.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DIG
Dragoneer Investment Group
San Francisco,
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
South Norwalk,
Connecticut
|
-$7.54M |
| 5 |
Temasek Holdings
Singapore
|
-$7.36M |
PCOR Hedge Fund Activity: Q3 2021 in Review
130 of the 5,728 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.