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Pure Cycle

75 hedge funds and large institutions have $149M invested in Pure Cycle in 2018 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 24 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

10% more capital invested

Capital invested by funds: $135M → $149M (+$13.4M)

1% more funds holding

Funds holding: 7475 (+1)

1.98% less ownership

Funds ownership: 68.32%66.33% (-2%)

17% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 24

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
75
Holders Change
+1
Holders Change %
+1.35%
% of All Funds
1.72%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
6
Increased
20
Reduced
24
Closed
5
Calls
$3K
Puts
Net Calls
+$3K
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
PCM
1
PAR Capital Management
Massachusetts
$56.5M
TI
2
Trigran Investments
Illinois
$18.7M -$543K -63,211 -3%
KCM
3
Kennedy Capital Management
Missouri
$9.5M +$40.2K +4,679 +0.5%
Vanguard Group
4
Vanguard Group
Pennsylvania
$7.57M +$46.2K +5,376 +0.7%
BlackRock
5
BlackRock
New York
$7.02M -$10.7K -1,244 -0.2%
RA
6
Royce & Associates
New York
$4.62M -$395K -45,960 -9%
TAM
7
Tealwood Asset Management
Minnesota
$4.36M -$1.14M -132,737 -22%
Boston Partners
8
Boston Partners
Massachusetts
$3.92M -$1.55M -180,236 -30%
Morgan Stanley
9
Morgan Stanley
New York
$3.8M +$8.5K +989 +0.2%
William Blair & Company
10
William Blair & Company
Illinois
$3.45M +$6.87K +800 +0.2%
JMH
11
J.M. Hartwell
New York
$2.67M +$430K +50,000 +21%
State Street
12
State Street
Massachusetts
$2.28M +$321K +37,376 +18%
CCM
13
Cadence Capital Management
Massachusetts
$1.83M +$332K +38,599 +25%
Northern Trust
14
Northern Trust
Illinois
$1.77M -$12.8K -1,488 -0.8%
ARM
15
Adirondack Research & Management
New York
$1.64M -$184K -21,389 -11%
Geode Capital Management
16
Geode Capital Management
Massachusetts
$1.26M +$21.4K +2,488 +2%
BA
17
Bard Associates
Illinois
$1.09M +$49.8K +5,800 +5%
CRC
18
Curi RMB Capital
Illinois
$1.01M
CHAM
19
Clear Harbor Asset Management
Connecticut
$944K -$859 -100 -0.1%
EVC
20
Eidelman Virant Capital
Missouri
$877K -$374K -43,502 -32%
DWA
21
Douglass Winthrop Advisors
New York
$837K
Dimensional Fund Advisors
22
Dimensional Fund Advisors
Texas
$837K +$12K +1,395 +2%
KBC Group
23
KBC Group
Belgium
$774K
California Public Employees Retirement System
24
California Public Employees Retirement System
California
$759K
SC
25
Skylands Capital
Wisconsin
$699K +$94K +10,936 +17%

PCYO Hedge Fund Activity: Q1 2018 in Review

75 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Pure Cycle (PCYO) for Q1 2018, worth a combined $149M — up 9.9% from $135M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new PCYO positions and 5 closed out — a net gain of 1 holder — while 20 added to existing stakes and 24 trimmed.

The largest buyer was Monarch Partners Asset Management, opening a new position worth an estimated $554K. The largest seller was Boston Partners, cutting an estimated $1.55M.

  • 75 institutional investors held Pure Cycle (PCYO) as of Q1 2018, up from 74 in Q4 2017.
  • Funds reported $149M of Pure Cycle stock for Q1 2018, up 9.9% quarter-over-quarter.
  • 6 funds opened new Pure Cycle positions in Q1 2018 and 5 closed out, a net change of +1 holder.
  • The largest Pure Cycle buyer in Q1 2018 was Monarch Partners Asset Management, an estimated $554K added.
  • The largest Pure Cycle seller in Q1 2018 was Boston Partners, an estimated $1.55M sold.

Based on aggregated 13F filings for Q1 2018.