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Pure Cycle
PCYO

116 hedge funds and large institutions have $130M invested in Pure Cycle in 2026 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 34 increasing their positions, 40 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 6

5% more funds holding

Funds holding: 111 → 116 (+5)

0.16% less ownership

Funds ownership: 53.65% → 53.5% (-0.16%)

9% less capital invested

Capital invested by funds: $142M → $130M (-$12.4M)

15% less repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 40

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
116
Holders Change
+5
Holders Change %
+4.5%
% of All Funds
1.43%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
14
Increased
34
Reduced
40
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
NSIM
North Star Investment Management
Illinois
+$889K
2
MA
MYDA Advisors
New York
+$626K
3
FWSM
First Wilshire Securities Management
California
+$607K
4
Marshall Wace
Marshall Wace
United Kingdom
+$424K
5
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$314K

Top Sellers

1
MG
Magnolia Group
Nebraska
-$1.07M
2
ACH
ArrowMark Colorado Holdings
Colorado
-$844K
3
Boston Partners
Boston Partners
Massachusetts
-$513K
4
SL
Sentinus LLC
Illinois
-$478K
5
CRC
Curi RMB Capital
Illinois
-$408K
Name Holding Trade Value Shares
Change 		Change in
Stake
NSIM
26
North Star Investment Management
Illinois
$825K +$889K +82,000 New
Bank of New York Mellon
27
Bank of New York Mellon
New York
$779K -$12.9K -1,186 -2%
Marshall Wace
28
Marshall Wace
United Kingdom
$760K +$424K +39,137 +108%
ATPW
29
Ashton Thomas Private Wealth
Arizona
$708K -$1.49K -137 -0.2%
T. Rowe Price Associates
30
T. Rowe Price Associates
Maryland
$647K +$314K +28,993 +82%
Diamond Hill Capital Management
31
Diamond Hill Capital Management
Ohio
$635K -$137K -12,660 -17%
D.E. Shaw & Co
32
D.E. Shaw & Co
New York
$595K -$11.8K -1,089 -2%
Charles Schwab
33
Charles Schwab
California
$538K -$56.7K -5,234 -9%
HKAM
34
Horizon Kinetics Asset Management
New York
$508K – – –
PCM
35
Potomac Capital Management
New York
$490K – – –
SO
36
STRS Ohio
Ohio
$483K – – –
First Manhattan
37
First Manhattan
New York
$481K -$96.2K -8,875 -16%
N
38
Nuveen
North Carolina
$430K -$271K -25,033 -37%
AQR Capital Management
39
AQR Capital Management
Connecticut
$393K +$207K +19,092 +95%
SEI Investments
40
SEI Investments
Pennsylvania
$388K +$203K +18,755 +95%
State of Wisconsin Investment Board
41
State of Wisconsin Investment Board
Wisconsin
$367K -$66.1K -6,100 -14%
AF
42
Avanza Fonder
Sweden
$338K – – –
EC
43
EdgeRock Capital
Colorado
$315K – – –
CHAM
44
Clear Harbor Asset Management
Connecticut
$297K -$10.8K -1,000 -3%
RhumbLine Advisers
45
RhumbLine Advisers
Massachusetts
$267K -$7.9K -729 -3%
LTAS
46
Linden Thomas Advisory Services
North Carolina
$265K +$135K +12,431 +89%
JGUA
47
John G. Ullman & Associates
New York
$265K +$285K +26,300 New
Squarepoint
48
Squarepoint
New York
$246K +$130K +11,963 +96%
AllianceBernstein
49
AllianceBernstein
Tennessee
$241K +$9.75K +900 +4%
LWL
50
Leo Wealth LLC
Texas
$224K – – –
1
2
3 4 5

PCYO Hedge Fund Activity: Q1 2026 in Review

116 of the 8,125 institutional investors tracked by Wall St. Rank reported a position in Pure Cycle (PCYO) for Q1 2026, worth a combined $130M — down 8.7% from $142M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new PCYO positions and 6 closed out — a net gain of 8 holders — while 34 added to existing stakes and 40 trimmed.

The largest buyer was North Star Investment Management, opening a new position worth an estimated $889K. The largest seller was Magnolia Group, cutting an estimated $1.07M.

  • 116 institutional investors held Pure Cycle (PCYO) as of Q1 2026, up from 111 in Q4 2025.
  • Funds reported $130M of Pure Cycle stock for Q1 2026, down 8.7% quarter-over-quarter.
  • 14 funds opened new Pure Cycle positions in Q1 2026 and 6 closed out, a net change of +8 holders.
  • The largest Pure Cycle buyer in Q1 2026 was North Star Investment Management, an estimated $889K added.
  • The largest Pure Cycle seller in Q1 2026 was Magnolia Group, an estimated $1.07M sold.

Based on aggregated 13F filings for Q1 2026.