Procore
PCOR
352 hedge funds and large institutions have $8.22B invested in Procore in 2023 Q4 according to their latest regulatory filings, with 95 funds opening new positions, 132 increasing their positions, 86 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
94% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 49
53% more repeat investments, than reductions
Existing positions increased: 132 | Existing positions reduced: 86
27% more funds holding in top 10
Funds holding in top 10: 11 → 14 (+3)
12% more funds holding
Funds holding: 313 → 352 (+39)
8% more capital invested
Capital invested by funds: $7.59B → $8.22B (+$633M)
2.24% more ownership
Funds ownership: 81.44% → 83.68% (+2.2%)
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 |
Morgan Stanley
New York
|
-$171M |
| 2 |
ESCM
Echo Street Capital Management
New York
|
-$131M |
| 3 |
IC
Iconiq Capital
San Francisco,
California
|
-$98.9M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$95.5M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$66.3M |
PCOR Hedge Fund Activity: Q4 2023 in Review
352 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Procore (PCOR) for Q4 2023, worth a combined $8.22B — up 8.3% from $7.59B a quarter earlier.
Buyers outnumbered sellers: 95 funds opened new PCOR positions and 49 closed out — a net gain of 46 holders — while 132 added to existing stakes and 86 trimmed.
The largest buyer was Fidelity International, opening a new position worth an estimated $117M. The largest seller was Morgan Stanley, cutting an estimated $171M.
- 352 institutional investors held Procore (PCOR) as of Q4 2023, up from 313 in Q3 2023.
- Funds reported $8.22B of Procore stock for Q4 2023, up 8.3% quarter-over-quarter.
- 95 funds opened new Procore positions in Q4 2023 and 49 closed out, a net change of +46 holders.
- The largest Procore buyer in Q4 2023 was Fidelity International, an estimated $117M added.
- The largest Procore seller in Q4 2023 was Morgan Stanley, an estimated $171M sold.
Based on aggregated 13F filings for Q4 2023.