Pure Cycle
PCYO
82 hedge funds and large institutions have $182M invested in Pure Cycle in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 21 reducing their positions, and 3 closing their positions.
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
21% more capital invested
Capital invested by funds: $151M → $182M (+$31.9M)
14% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 21
8% more funds holding
Funds holding: 76 → 82 (+6)
0.22% more ownership
Funds ownership: 66.33% → 66.55% (+0.22%)
50% less call options, than puts
Call options by funds: $94K | Put options by funds: $189K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BA
Bard Associates
Chicago,
Illinois
|
+$1.26M |
| 2 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$970K |
| 3 |
AI
Ariel Investments
Chicago,
Illinois
|
+$606K |
| 4 |
New York State Common Retirement Fund
Albany,
New York
|
+$406K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$351K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TI
Trigran Investments
Northbrook,
Illinois
|
-$2.04M |
| 2 |
ARM
Adirondack Research & Management
Guilderland,
New York
|
-$1.11M |
| 3 |
RA
Royce & Associates
New York
|
-$315K |
| 4 |
TAM
Tealwood Asset Management
Minneapolis,
Minnesota
|
-$275K |
| 5 |
Morgan Stanley
New York
|
-$264K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFG
76
Next Financial Group
Houston,
Texas
| $8K | +$7.63K | +700 | New |
|
77
BNP Paribas Financial Markets
Paris,
France
| $6.72K | – | – | – |
|
|
WA
78
WealthTrust-Arizona
Scottsdale,
Arizona
| $6K | – | – | – |
|
|
AG
79
Advisor Group
Phoenix,
Arizona
| $5K | +$4.36K | +400 | New |
|
80
Bank of Montreal
Toronto,
Ontario, Canada
| $1K | -$33 | -3 | -3% |
|
|
PI
81
PEAK6 Investments
Chicago,
Illinois
| $1K | +$1.09K | +100 | New |
|
|
MFIM
82
Mesirow Financial Investment Management
Chicago,
Illinois
| – | -$238K | -24,904 | Closed |
|
83
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$10K | -1,049 | Closed |
|
|
PIA
84
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$3K | -297 | Closed |
|
PCYO Hedge Fund Activity: Q3 2018 in Review
82 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Pure Cycle (PCYO) for Q3 2018, worth a combined $182M — up 21% from $151M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new PCYO positions and 3 closed out — a net gain of 6 holders — while 24 added to existing stakes and 21 trimmed.
The largest buyer was Bard Associates, adding an estimated $1.26M. The largest seller was Trigran Investments, cutting an estimated $2.04M.
- 82 institutional investors held Pure Cycle (PCYO) as of Q3 2018, up from 76 in Q2 2018.
- Funds reported $182M of Pure Cycle stock for Q3 2018, up 21% quarter-over-quarter.
- 9 funds opened new Pure Cycle positions in Q3 2018 and 3 closed out, a net change of +6 holders.
- The largest Pure Cycle buyer in Q3 2018 was Bard Associates, an estimated $1.26M added.
- The largest Pure Cycle seller in Q3 2018 was Trigran Investments, an estimated $2.04M sold.
Based on aggregated 13F filings for Q3 2018.