Procore
PCOR
376 hedge funds and large institutions have $9.98B invested in Procore in 2024 Q1 according to their latest regulatory filings, with 76 funds opening new positions, 150 increasing their positions, 111 reducing their positions, and 50 closing their positions.
533% more call options, than puts
Call options by funds: $92.9M | Put options by funds: $14.7M
52% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 50
35% more repeat investments, than reductions
Existing positions increased: 150 | Existing positions reduced: 111
20% more capital invested
Capital invested by funds: $8.32B → $9.98B (+$1.66B)
14% more funds holding in top 10
Funds holding in top 10: 14 → 16 (+2)
7% more funds holding
Funds holding: 353 → 376 (+23)
0.83% less ownership
Funds ownership: 84.68% → 83.85% (-0.83%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$132M |
| 2 |
MG
Meritage Group
San Francisco,
California
|
+$96.4M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
+$82.4M |
| 4 |
Holocene Advisors
New York
|
+$60.9M |
| 5 |
PC
PointState Capital
New York
|
+$57.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DMC
Deer Management Company
Larchmont,
New York
|
-$216M |
| 2 |
IC
Iconiq Capital
San Francisco,
California
|
-$97.4M |
| 3 |
Cerity Partners
New York
|
-$96.5M |
| 4 |
Morgan Stanley
New York
|
-$77.4M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
-$68.7M |
PCOR Hedge Fund Activity: Q1 2024 in Review
376 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Procore (PCOR) for Q1 2024, worth a combined $9.98B — up 20% from $8.32B a quarter earlier.
Buyers outnumbered sellers: 76 funds opened new PCOR positions and 50 closed out — a net gain of 26 holders — while 150 added to existing stakes and 111 trimmed.
The largest buyer was Norges Bank, adding an estimated $132M. The largest seller was Deer Management Company, exiting entirely with an estimated $216M sold.
- 376 institutional investors held Procore (PCOR) as of Q1 2024, up from 353 in Q4 2023.
- Funds reported $9.98B of Procore stock for Q1 2024, up 20% quarter-over-quarter.
- 76 funds opened new Procore positions in Q1 2024 and 50 closed out, a net change of +26 holders.
- The largest Procore buyer in Q1 2024 was Norges Bank, an estimated $132M added.
- The largest Procore seller in Q1 2024 was Deer Management Company, an estimated $216M sold.
Based on aggregated 13F filings for Q1 2024.