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Pure Cycle

70 hedge funds and large institutions have $121M invested in Pure Cycle in 2017 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 15 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 15

50% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 6

4% more funds holding

Funds holding: 6770 (+3)

0.28% less ownership

Funds ownership: 67.98%67.7% (-0.28%)

4% less capital invested

Capital invested by funds: $125M → $121M (-$4.52M)

Holders
70
Holders Change
+3
Holders Change %
+4.48%
% of All Funds
1.75%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
9
Increased
24
Reduced
15
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
PCM
1
PAR Capital Management
Massachusetts
$44.9M
TI
2
Trigran Investments
Illinois
$15.2M +$264K +36,257 +2%
Vanguard Group
3
Vanguard Group
Pennsylvania
$6.11M +$211K +28,973 +4%
KCM
4
Kennedy Capital Management
Missouri
$5.87M +$2.41M +330,757 +73%
BlackRock
5
BlackRock
New York
$5.53M +$96.4K +13,261 +2%
Boston Partners
6
Boston Partners
Massachusetts
$5.11M +$637K +87,637 +15%
TAM
7
Tealwood Asset Management
Minnesota
$4.53M -$62.5K -8,595 -1%
RA
8
Royce & Associates
New York
$4.21M -$36.4K -5,000 -0.9%
Morgan Stanley
9
Morgan Stanley
New York
$3.04M +$83.9K +11,537 +3%
William Blair & Company
10
William Blair & Company
Illinois
$2.79M +$50.9K +7,000 +2%
SAM
11
Silvercrest Asset Management
New York
$2.4M +$2.33M +320,404 New
Russell Investments Group
12
Russell Investments Group
United Kingdom
$1.54M -$650K -89,438 -30%
HCM
13
Hodges Capital Management
Texas
$1.5M +$379K +52,083 +35%
JMH
14
J.M. Hartwell
New York
$1.5M +$36.4K +5,000 +3%
Northern Trust
15
Northern Trust
Illinois
$1.44M +$1.01M +139,470 +266%
State Street
16
State Street
Massachusetts
$1.37M +$54.7K +7,515 +4%
ARM
17
Adirondack Research & Management
New York
$977K +$401K +55,140 +73%
Geode Capital Management
18
Geode Capital Management
Massachusetts
$970K +$16.4K +2,259 +2%
BA
19
Bard Associates
Illinois
$813K
CRC
20
Curi RMB Capital
Illinois
$802K
CHAM
21
Clear Harbor Asset Management
Connecticut
$750K -$727 -100 -0.1%
EVC
22
Eidelman Virant Capital
Missouri
$716K
DWA
23
Douglass Winthrop Advisors
New York
$664K
KBC Group
24
KBC Group
Belgium
$614K
California Public Employees Retirement System
25
California Public Employees Retirement System
California
$602K

PCYO Hedge Fund Activity: Q3 2017 in Review

70 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Pure Cycle (PCYO) for Q3 2017, worth a combined $121M — down 3.6% from $125M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new PCYO positions and 6 closed out — a net gain of 3 holders — while 24 added to existing stakes and 15 trimmed.

The largest buyer was Kennedy Capital Management, adding an estimated $2.41M. The largest seller was Janus Henderson Group, exiting entirely with an estimated $6.18M sold.

  • 70 institutional investors held Pure Cycle (PCYO) as of Q3 2017, up from 67 in Q2 2017.
  • Funds reported $121M of Pure Cycle stock for Q3 2017, down 3.6% quarter-over-quarter.
  • 9 funds opened new Pure Cycle positions in Q3 2017 and 6 closed out, a net change of +3 holders.
  • The largest Pure Cycle buyer in Q3 2017 was Kennedy Capital Management, an estimated $2.41M added.
  • The largest Pure Cycle seller in Q3 2017 was Janus Henderson Group, an estimated $6.18M sold.

Based on aggregated 13F filings for Q3 2017.