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Pure Cycle

46 hedge funds and large institutions have $75.8M invested in Pure Cycle in 2015 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 13 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 4

7% more funds holding

Funds holding: 4346 (+3)

2% less capital invested

Capital invested by funds: $77.7M → $75.8M (-$1.88M)

11% less call options, than puts

Call options by funds: $25K | Put options by funds: $28K

15% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 13

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
46
Holders Change
+3
Holders Change %
+6.98%
% of All Funds
1.28%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
7
Increased
11
Reduced
13
Closed
4
Calls
$25K
Puts
$28K
Net Calls
-$3K
Net Calls Change
+$61K
Name Holding Trade Value Shares
Change
Change in
Stake
PCM
1
PAR Capital Management
Massachusetts
$29.6M
TI
2
Trigran Investments
Illinois
$11.9M +$136K +27,637 +1%
TAM
3
Tealwood Asset Management
Minnesota
$3.62M -$47.5K -9,664 -1%
RA
4
Royce & Associates
New York
$3.34M
JHIU
5
Janus Henderson Investors US
Colorado
$2.91M +$260K +52,863 +10%
SC
6
Sophrosyne Capital
New York
$2.91M
KCM
7
Kennedy Capital Management
Missouri
$2.4M +$1.75M +355,016 +272%
Vanguard Group
8
Vanguard Group
Pennsylvania
$2.34M +$25.6K +5,200 +1%
CCMLC
9
Cardinal Capital Management LLC (Connecticut)
Connecticut
$2.29M -$225K -45,800 -9%
KFA
10
Kelleher Financial Advisors
New York
$2.04M -$27.3K -5,550 -1%
RFC
11
Russell Frank Company
Washington
$1.56M -$340K -69,092 -18%
SIM
12
Sentry Investment Management
Wisconsin
$1.32M
Morgan Stanley
13
Morgan Stanley
New York
$994K +$113K +22,971 +13%
JMH
14
J.M. Hartwell
New York
$914K -$20.2K -4,100 -2%
CCM
15
Coe Capital Management
Illinois
$714K
AF
16
Adirondack Funds
New York
$655K +$650K +132,299 New
ARM
17
Adirondack Research & Management
New York
$655K +$650K +132,299 New
CHAM
18
Clear Harbor Asset Management
Connecticut
$590K -$1.48K -300 -0.3%
PCM
19
Potomac Capital Management
New York
$545K +$541K +110,041 New
CRC
20
Curi RMB Capital
Illinois
$530K
BA
21
Bard Associates
Illinois
$503K -$9.34K -1,900 -2%
DWA
22
Douglass Winthrop Advisors
New York
$465K
Geode Capital Management
23
Geode Capital Management
Massachusetts
$452K +$275 +56 +0.1%
California Public Employees Retirement System
24
California Public Employees Retirement System
California
$399K
US Bancorp
25
US Bancorp
Minnesota
$359K

PCYO Hedge Fund Activity: Q3 2015 in Review

46 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Pure Cycle (PCYO) for Q3 2015, worth a combined $75.8M — down 2.4% from $77.7M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new PCYO positions and 4 closed out — a net gain of 3 holders — while 11 added to existing stakes and 13 trimmed.

The largest buyer was Kennedy Capital Management, adding an estimated $1.75M. The largest seller was Hilton Capital Management, exiting entirely with an estimated $764K sold.

  • 46 institutional investors held Pure Cycle (PCYO) as of Q3 2015, up from 43 in Q2 2015.
  • Funds reported $75.8M of Pure Cycle stock for Q3 2015, down 2.4% quarter-over-quarter.
  • 7 funds opened new Pure Cycle positions in Q3 2015 and 4 closed out, a net change of +3 holders.
  • The largest Pure Cycle buyer in Q3 2015 was Kennedy Capital Management, an estimated $1.75M added.
  • The largest Pure Cycle seller in Q3 2015 was Hilton Capital Management, an estimated $764K sold.

Based on aggregated 13F filings for Q3 2015.