Planet Labs
175 hedge funds and large institutions have $456M invested in Planet Labs in 2023 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 68 increasing their positions, 34 reducing their positions, and 20 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 34
58% more call options, than puts
Call options by funds: $2.9M | Put options by funds: $1.84M
0.64% less ownership
Funds ownership: 46.84% → 46.2% (-0.64%)
4% less funds holding
Funds holding: 183 → 175 (-8)
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
30% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 20
49% less capital invested
Capital invested by funds: $895M → $456M (-$439M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$8.12M |
| 2 |
BA
Bridgewater Associates
Westport,
Connecticut
|
+$5.72M |
| 3 |
State Street
Boston,
Massachusetts
|
+$3.19M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.15M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$2.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KL
KIM LLC
Wichita,
Kansas
|
-$22.6M |
| 2 |
MP
Munro Partners
Melbourne,
Australia
|
-$5.19M |
| 3 |
BNP Paribas Asset Management
Paris,
France
|
-$4.99M |
| 4 |
CI Investments Inc
Toronto,
Ontario, Canada
|
-$3.2M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$1.79M |
PL Hedge Fund Activity: Q1 2023 in Review
175 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Planet Labs (PL) for Q1 2023, worth a combined $456M — down 49% from $895M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of PL and 14 opened new positions — a net loss of 6 holders — while 34 trimmed existing stakes and 68 added.
The largest buyer was BlackRock, adding an estimated $8.12M. The largest seller was KIM LLC, exiting entirely with an estimated $22.6M sold.
- 175 institutional investors held Planet Labs (PL) as of Q1 2023, down from 183 in Q4 2022.
- Funds reported $456M of Planet Labs stock for Q1 2023, down 49% quarter-over-quarter.
- 14 funds opened new Planet Labs positions in Q1 2023 and 20 closed out, a net change of -6 holders.
- The largest Planet Labs buyer in Q1 2023 was BlackRock, an estimated $8.12M added.
- The largest Planet Labs seller in Q1 2023 was KIM LLC, an estimated $22.6M sold.
Based on aggregated 13F filings for Q1 2023.