Procore
PCOR
199 hedge funds and large institutions have $6.3B invested in Procore in 2022 Q1 according to their latest regulatory filings, with 61 funds opening new positions, 78 increasing their positions, 36 reducing their positions, and 42 closing their positions.
117% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 36
94% more call options, than puts
Call options by funds: $23.7M | Put options by funds: $12.3M
50% more funds holding in top 10
Funds holding in top 10: 6 → 9 (+3)
45% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 42
11% more funds holding
Funds holding: 180 → 199 (+19)
0.12% less ownership
Funds ownership: 80.61% → 80.49% (-0.12%)
26% less capital invested
Capital invested by funds: $8.51B → $6.3B (-$2.21B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$137M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$102M |
| 3 |
IC
Iconiq Capital
San Francisco,
California
|
+$75.4M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$75.4M |
| 5 |
1WCM
12 West Capital Management
New York
|
+$69.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Tiger Global Management
New York
|
-$208M |
| 2 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
-$113M |
| 3 |
DMC
Deer Management Company
Larchmont,
New York
|
-$110M |
| 4 |
XL
XN LP
New York
|
-$83.4M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
-$58.5M |
PCOR Hedge Fund Activity: Q1 2022 in Review
199 of the 6,360 institutional investors tracked by Wall St. Rank reported a position in Procore (PCOR) for Q1 2022, worth a combined $6.3B — down 26% from $8.51B a quarter earlier.
Buyers outnumbered sellers: 61 funds opened new PCOR positions and 42 closed out — a net gain of 19 holders — while 78 added to existing stakes and 36 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $137M. The largest seller was Tiger Global Management, cutting an estimated $208M.
- 199 institutional investors held Procore (PCOR) as of Q1 2022, up from 180 in Q4 2021.
- Funds reported $6.3B of Procore stock for Q1 2022, down 26% quarter-over-quarter.
- 61 funds opened new Procore positions in Q1 2022 and 42 closed out, a net change of +19 holders.
- The largest Procore buyer in Q1 2022 was Morgan Stanley, an estimated $137M added.
- The largest Procore seller in Q1 2022 was Tiger Global Management, an estimated $208M sold.
Based on aggregated 13F filings for Q1 2022.