Pure Cycle
PCYO
96 hedge funds and large institutions have $152M invested in Pure Cycle in 2020 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 32 increasing their positions, 24 reducing their positions, and 15 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 24
1.08% less ownership
Funds ownership: 69.99% → 68.91% (-1.1%)
3% less funds holding
Funds holding: 99 → 96 (-3)
18% less capital invested
Capital invested by funds: $186M → $152M (-$34.2M)
20% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 15
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.86M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$2.51M |
| 3 |
Renaissance Technologies
New York
|
+$1.76M |
| 4 |
Los Angeles Capital Management
Los Angeles,
California
|
+$1.63M |
| 5 |
KBC Group
Brussels,
Belgium
|
+$1.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$7.25M |
| 2 |
TAM
Tealwood Asset Management
Minneapolis,
Minnesota
|
-$2.94M |
| 3 |
PC
Plaisance Capital
Denver,
Colorado
|
-$2.4M |
| 4 |
TI
Trigran Investments
Northbrook,
Illinois
|
-$1.79M |
| 5 |
EI
EAM Investors
Solana Beach,
California
|
-$912K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MIM
101
MetLife Investment Management
Whippany,
New Jersey
| – | -$102K | -9,107 | Closed |
|
102
Victory Capital Management
San Antonio,
Texas
| – | -$92K | -8,258 | Closed |
|
|
MLICM
103
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$63.9K | -5,729 | Closed |
|
|
MAM
104
Meeder Asset Management
Dublin,
Ohio
| – | -$45K | -4,098 | Closed |
|
|
FQ
105
First Quadrant
Glendale,
California
| – | -$43K | -3,866 | Closed |
|
|
CA
106
Clearstead Advisors
Cleveland,
Ohio
| – | -$38K | -3,384 | Closed |
|
107
Lazard Asset Management
New York
| – | -$32K | -2,905 | Closed |
|
|
GRP
108
Global Retirement Partners
San Rafael,
California
| – | -$28K | -2,539 | Closed |
|
|
DWA
109
Dorsey Wright & Associates
Pasadena,
California
| – | -$12K | -1,109 | Closed |
|
|
QCG
110
Quadrant Capital Group
Cincinnati,
Ohio
| – | +$274 | +28 | New |
|
PCYO Hedge Fund Activity: Q2 2020 in Review
96 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Pure Cycle (PCYO) for Q2 2020, worth a combined $152M — down 18% from $186M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of PCYO and 12 opened new positions — a net loss of 3 holders — while 24 trimmed existing stakes and 32 added.
The largest buyer was Vanguard Group, adding an estimated $3.86M. The largest seller was PAR Capital Management, cutting an estimated $7.25M.
- 96 institutional investors held Pure Cycle (PCYO) as of Q2 2020, down from 99 in Q1 2020.
- Funds reported $152M of Pure Cycle stock for Q2 2020, down 18% quarter-over-quarter.
- 12 funds opened new Pure Cycle positions in Q2 2020 and 15 closed out, a net change of -3 holders.
- The largest Pure Cycle buyer in Q2 2020 was Vanguard Group, an estimated $3.86M added.
- The largest Pure Cycle seller in Q2 2020 was PAR Capital Management, an estimated $7.25M sold.
Based on aggregated 13F filings for Q2 2020.