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Pure Cycle

111 hedge funds and large institutions have $142M invested in Pure Cycle in 2025 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 31 increasing their positions, 35 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 6

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

10% more funds holding

Funds holding: 101111 (+10)

1.2% more ownership

Funds ownership: 52.45%53.65% (+1.2%)

2% more capital invested

Capital invested by funds: $140M → $142M (+$2.29M)

11% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 35

Holders
111
Holders Change
+10
Holders Change %
+9.9%
% of All Funds
1.35%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.02%
New
16
Increased
31
Reduced
35
Closed
6
Calls
$164K
Puts
Net Calls
+$164K
Net Calls Change
+$164K
Name Holding Trade Value Shares
Change
Change in
Stake
N
26
Nuveen
North Carolina
$745K
Renaissance Technologies
27
Renaissance Technologies
New York
$674K -$17.9K -1,600 -3%
D.E. Shaw & Co
28
D.E. Shaw & Co
New York
$662K +$131K +11,757 +24%
Charles Schwab
29
Charles Schwab
California
$645K +$425 +38 +0.1%
First Manhattan
30
First Manhattan
New York
$623K -$22.4K -2,000 -3%
HKAM
31
Horizon Kinetics Asset Management
New York
$555K
PCM
32
Potomac Capital Management
New York
$536K +$545K +48,756 New
SO
33
STRS Ohio
Ohio
$528K -$10.1K -900 -2%
PCM
34
Perritt Capital Management
Illinois
$478K
SL
35
Sentinus LLC
Illinois
$478K +$487K +43,532 New
State of Wisconsin Investment Board
36
State of Wisconsin Investment Board
Wisconsin
$468K -$8.95K -800 -2%
Marshall Wace
37
Marshall Wace
United Kingdom
$400K +$407K +36,381 New
T. Rowe Price Associates
38
T. Rowe Price Associates
Maryland
$388K
AF
39
Avanza Fonder
Sweden
$369K -$15.5K -1,388 -4%
Barclays
40
Barclays
United Kingdom
$358K +$52.3K +4,681 +17%
EC
41
EdgeRock Capital
Colorado
$344K
CHAM
42
Clear Harbor Asset Management
Connecticut
$336K -$5.03K -450 -1%
RhumbLine Advisers
43
RhumbLine Advisers
Massachusetts
$299K -$42.6K -3,808 -12%
Jane Street
44
Jane Street
New York
$258K -$76.4K -6,832 -23%
Wells Fargo
45
Wells Fargo
California
$257K +$91.6K +8,191 +54%
LWL
46
Leo Wealth LLC
Texas
$245K
AllianceBernstein
47
AllianceBernstein
Tennessee
$231K +$7.83K +700 +3%
WE
48
Wealth Effects
Massachusetts
$231K
AQR Capital Management
49
AQR Capital Management
Connecticut
$220K +$22.4K +2,004 +11%
SEI Investments
50
SEI Investments
Pennsylvania
$218K +$221K +19,791 New

PCYO Hedge Fund Activity: Q4 2025 in Review

111 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Pure Cycle (PCYO) for Q4 2025, worth a combined $142M — up 1.6% from $140M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new PCYO positions and 6 closed out — a net gain of 10 holders — while 31 added to existing stakes and 35 trimmed.

The largest buyer was First Wilshire Securities Management, adding an estimated $2.35M. The largest seller was Curi RMB Capital, cutting an estimated $2.94M.

  • 111 institutional investors held Pure Cycle (PCYO) as of Q4 2025, up from 101 in Q3 2025.
  • Funds reported $142M of Pure Cycle stock for Q4 2025, up 1.6% quarter-over-quarter.
  • 16 funds opened new Pure Cycle positions in Q4 2025 and 6 closed out, a net change of +10 holders.
  • The largest Pure Cycle buyer in Q4 2025 was First Wilshire Securities Management, an estimated $2.35M added.
  • The largest Pure Cycle seller in Q4 2025 was Curi RMB Capital, an estimated $2.94M sold.

Based on aggregated 13F filings for Q4 2025.