Procore
PCOR
353 hedge funds and large institutions have $8.32B invested in Procore in 2023 Q4 according to their latest regulatory filings, with 96 funds opening new positions, 131 increasing their positions, 87 reducing their positions, and 49 closing their positions.
705% more call options, than puts
Call options by funds: $69.7M | Put options by funds: $8.67M
96% more first-time investments, than exits
New positions opened: 96 | Existing positions closed: 49
51% more repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 87
27% more funds holding in top 10
Funds holding in top 10: 11 → 14 (+3)
13% more funds holding
Funds holding: 313 → 353 (+40)
10% more capital invested
Capital invested by funds: $7.59B → $8.32B (+$732M)
3.24% more ownership
Funds ownership: 81.44% → 84.68% (+3.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$117M |
| 2 |
Cerity Partners
New York
|
+$80.4M |
| 3 |
RS
Robeco Schweiz
Zurich,
Switzerland
|
+$54.3M |
| 4 |
Westfield Capital Management
Boston,
Massachusetts
|
+$53.7M |
| 5 |
GKIM
GW&K Investment Management
Boston,
Massachusetts
|
+$46.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ESCM
Echo Street Capital Management
New York
|
-$131M |
| 2 |
IC
Iconiq Capital
San Francisco,
California
|
-$98.9M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$95.5M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$66.3M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$62.2M |
PCOR Hedge Fund Activity: Q4 2023 in Review
353 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Procore (PCOR) for Q4 2023, worth a combined $8.32B — up 9.6% from $7.59B a quarter earlier.
Buyers outnumbered sellers: 96 funds opened new PCOR positions and 49 closed out — a net gain of 47 holders — while 131 added to existing stakes and 87 trimmed.
The largest buyer was Fidelity International, opening a new position worth an estimated $117M. The largest seller was Echo Street Capital Management, exiting entirely with an estimated $131M sold.
- 353 institutional investors held Procore (PCOR) as of Q4 2023, up from 313 in Q3 2023.
- Funds reported $8.32B of Procore stock for Q4 2023, up 9.6% quarter-over-quarter.
- 96 funds opened new Procore positions in Q4 2023 and 49 closed out, a net change of +47 holders.
- The largest Procore buyer in Q4 2023 was Fidelity International, an estimated $117M added.
- The largest Procore seller in Q4 2023 was Echo Street Capital Management, an estimated $131M sold.
Based on aggregated 13F filings for Q4 2023.