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Pure Cycle

55 hedge funds and large institutions have $97.2M invested in Pure Cycle in 2014 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

29% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 14

9% more capital invested

Capital invested by funds: $89.2M → $97.2M (+$7.95M)

13% less funds holding

Funds holding: 6355 (-8)

44% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 18

Holders
55
Holders Change
-8
Holders Change %
-12.7%
% of All Funds
1.58%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.09%
New
10
Increased
18
Reduced
14
Closed
18
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
PCM
1
PAR Capital Management
Massachusetts
$40.5M
TI
2
Trigran Investments
Illinois
$11.4M +$363K +63,616 +4%
TAM
3
Tealwood Asset Management
Minnesota
$5.77M -$107K -18,663 -2%
DBT
4
Dubuque Bank & Trust
Iowa
$5.61M +$1.47M +256,711 +45%
SC
5
Sophrosyne Capital
New York
$4.37M +$171K +30,000 +5%
PWAM
6
Park West Asset Management
California
$3.29M +$329K +57,550 +13%
CCMLC
7
Cardinal Capital Management LLC (Connecticut)
Connecticut
$3.06M +$49.4K +8,640 +2%
Vanguard Group
8
Vanguard Group
Pennsylvania
$2.75M -$50.3K -8,800 -2%
KFA
9
Kelleher Financial Advisors
New York
$2.74M +$5.71K +1,000 +0.2%
RFC
10
Russell Frank Company
Washington
$1.96M +$249K +43,640 +18%
CCM
11
Coe Capital Management
Illinois
$1.42M -$28.6K -5,000 -2%
JHIU
12
Janus Henderson Investors US
Colorado
$1.24M
Northern Trust
13
Northern Trust
Illinois
$1.08M -$242K -42,364 -21%
JMH
14
J.M. Hartwell
New York
$989K
Morgan Stanley
15
Morgan Stanley
New York
$807K -$80.5K -14,093 -11%
BA
16
Bard Associates
Illinois
$747K -$2.29K -400 -0.4%
CHAM
17
Clear Harbor Asset Management
Connecticut
$741K +$8.57K +1,500 +1%
CRC
18
Curi RMB Capital
Illinois
$727K +$10K +1,750 +2%
EVC
19
Eidelman Virant Capital
Missouri
$716K +$128K +22,473 +27%
Geode Capital Management
20
Geode Capital Management
Massachusetts
$627K -$53K -9,275 -9%
KCM
21
Kennedy Capital Management
Missouri
$580K +$21.8K +3,813 +5%
FAM
22
Fortaleza Asset Management
Illinois
$553K +$55.9K +9,780 +14%
California Public Employees Retirement System
23
California Public Employees Retirement System
California
$544K
SIM
24
Sentry Investment Management
Wisconsin
$540K +$456K +79,750 New
PP
25
Paloma Partners
Connecticut
$497K +$420K +73,468 New

PCYO Hedge Fund Activity: Q2 2014 in Review

55 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Pure Cycle (PCYO) for Q2 2014, worth a combined $97.2M — up 8.9% from $89.2M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of PCYO and 10 opened new positions — a net loss of 8 holders — while 14 trimmed existing stakes and 18 added.

The largest buyer was Dubuque Bank & Trust, adding an estimated $1.47M. The largest seller was BlackRock Fund Advisors, cutting an estimated $2.44M.

  • 55 institutional investors held Pure Cycle (PCYO) as of Q2 2014, down from 63 in Q1 2014.
  • Funds reported $97.2M of Pure Cycle stock for Q2 2014, up 8.9% quarter-over-quarter.
  • 10 funds opened new Pure Cycle positions in Q2 2014 and 18 closed out, a net change of -8 holders.
  • The largest Pure Cycle buyer in Q2 2014 was Dubuque Bank & Trust, an estimated $1.47M added.
  • The largest Pure Cycle seller in Q2 2014 was BlackRock Fund Advisors, an estimated $2.44M sold.

Based on aggregated 13F filings for Q2 2014.