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Pure Cycle

60 hedge funds and large institutions have $89.9M invested in Pure Cycle in 2013 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 20 increasing their positions, 16 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more capital invested

Capital invested by funds: $62M → $89.9M (+$27.9M)

25% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 16

11% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 9

2% more funds holding

Funds holding: 5960 (+1)

Holders
60
Holders Change
+1
Holders Change %
+1.69%
% of All Funds
1.74%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.06%
New
10
Increased
20
Reduced
16
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
PCM
1
PAR Capital Management
Massachusetts
$37.9M
TI
2
Trigran Investments
Illinois
$10.2M -$549K -89,156 -5%
TAM
3
Tealwood Asset Management
Minnesota
$5.46M -$117K -19,055 -2%
SC
4
Sophrosyne Capital
New York
$3.63M -$594K -96,436 -14%
BFA
5
BlackRock Fund Advisors
California
$2.95M -$129K -20,868 -4%
DBT
6
Dubuque Bank & Trust
Iowa
$2.87M +$1.23M +198,940 +78%
PWAM
7
Park West Asset Management
California
$2.71M +$2.64M +428,054 New
CCMLC
8
Cardinal Capital Management LLC (Connecticut)
Connecticut
$2.57M +$1.34M +217,774 +115%
KFA
9
Kelleher Financial Advisors
New York
$2.44M -$467K -75,750 -16%
Vanguard Group
10
Vanguard Group
Pennsylvania
$2.38M +$190K +30,877 +9%
Northern Trust
11
Northern Trust
Illinois
$1.39M +$61K +9,907 +5%
RFC
12
Russell Frank Company
Washington
$1.23M +$371K +60,204 +44%
JHIU
13
Janus Henderson Investors US
Colorado
$1.16M
BIT
14
BlackRock Institutional Trust
California
$997K -$85.7K -13,909 -8%
State Street
15
State Street
Massachusetts
$992K +$301K +48,791 +45%
Morgan Stanley
16
Morgan Stanley
New York
$891K +$30.7K +4,989 +4%
JMH
17
J.M. Hartwell
New York
$835K +$47.8K +7,760 +6%
RIL
18
Rothschild Investment LLC
Illinois
$779K +$758K +123,000 New
BA
19
Bard Associates
Illinois
$713K -$46.5K -7,550 -6%
CHAM
20
Clear Harbor Asset Management
Connecticut
$682K
CRC
21
Curi RMB Capital
Illinois
$668K
Geode Capital Management
22
Geode Capital Management
Massachusetts
$613K +$4.34K +705 +0.7%
HCS
23
Harvest Capital Strategies
California
$601K -$30.8K -5,000 -5%
CCM
24
Coe Capital Management
Illinois
$568K +$553K +89,784 New
EVC
25
Eidelman Virant Capital
Missouri
$559K +$61.6K +10,000 +13%

PCYO Hedge Fund Activity: Q4 2013 in Review

60 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Pure Cycle (PCYO) for Q4 2013, worth a combined $89.9M — up 45% from $62M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new PCYO positions and 9 closed out — a net gain of 1 holder — while 20 added to existing stakes and 16 trimmed.

The largest buyer was Park West Asset Management, opening a new position worth an estimated $2.64M. The largest seller was Sophrosyne Capital, cutting an estimated $594K.

  • 60 institutional investors held Pure Cycle (PCYO) as of Q4 2013, up from 59 in Q3 2013.
  • Funds reported $89.9M of Pure Cycle stock for Q4 2013, up 45% quarter-over-quarter.
  • 10 funds opened new Pure Cycle positions in Q4 2013 and 9 closed out, a net change of +1 holder.
  • The largest Pure Cycle buyer in Q4 2013 was Park West Asset Management, an estimated $2.64M added.
  • The largest Pure Cycle seller in Q4 2013 was Sophrosyne Capital, an estimated $594K sold.

Based on aggregated 13F filings for Q4 2013.