Planet Labs
178 hedge funds and large institutions have $376M invested in Planet Labs in 2023 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 56 increasing their positions, 38 reducing their positions, and 27 closing their positions.
47% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 38
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
11% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 27
2% more funds holding
Funds holding: 175 → 178 (+3)
0.34% less ownership
Funds ownership: 46.2% → 45.86% (-0.34%)
1% less call options, than puts
Call options by funds: $787K | Put options by funds: $795K
17% less capital invested
Capital invested by funds: $456M → $376M (-$79.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$5.35M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$2.59M |
| 3 |
BCM
Bienville Capital Management
New York
|
+$2.5M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.99M |
| 5 |
PM
Penbrook Management
New York
|
+$1.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
-$9.8M |
| 2 |
BA
Bridgewater Associates
Westport,
Connecticut
|
-$6.6M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
-$3.31M |
| 4 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$1.5M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$1.14M |
PL Hedge Fund Activity: Q2 2023 in Review
178 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Planet Labs (PL) for Q2 2023, worth a combined $376M — down 17% from $456M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new PL positions and 27 closed out — a net gain of 3 holders — while 56 added to existing stakes and 38 trimmed.
The largest buyer was Frontier Capital Management, opening a new position worth an estimated $5.35M. The largest seller was Next Century Growth Investors, exiting entirely with an estimated $9.8M sold.
- 178 institutional investors held Planet Labs (PL) as of Q2 2023, up from 175 in Q1 2023.
- Funds reported $376M of Planet Labs stock for Q2 2023, down 17% quarter-over-quarter.
- 30 funds opened new Planet Labs positions in Q2 2023 and 27 closed out, a net change of +3 holders.
- The largest Planet Labs buyer in Q2 2023 was Frontier Capital Management, an estimated $5.35M added.
- The largest Planet Labs seller in Q2 2023 was Next Century Growth Investors, an estimated $9.8M sold.
Based on aggregated 13F filings for Q2 2023.