PRA Group
PRAA
254 hedge funds and large institutions have $1.42B invested in PRA Group in 2016 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 97 increasing their positions, 103 reducing their positions, and 53 closing their positions.
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
6% less repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 103
9% less funds holding
Funds holding: 279 → 254 (-25)
15% less call options, than puts
Call options by funds: $7.66M | Put options by funds: $9.03M
22% less capital invested
Capital invested by funds: $1.83B → $1.42B (-$410M)
45% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 53
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$14.5M |
| 2 |
CC
Carlson Capital
Dallas,
Texas
|
+$14.1M |
| 3 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
+$9.73M |
| 4 |
SFM
Signature Financial Management
Norfolk,
Virginia
|
+$7.35M |
| 5 |
CB
Cooke & Bieler
Philadelphia,
Pennsylvania
|
+$7.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
-$27.4M |
| 2 |
Handelsbanken Fonder
Stockholm,
Sweden
|
-$26.9M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$26.5M |
| 4 |
Alyeska Investment Group
Chicago,
Illinois
|
-$26M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$17.6M |
PRAA Hedge Fund Activity: Q1 2016 in Review
254 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in PRA Group (PRAA) for Q1 2016, worth a combined $1.42B — down 22% from $1.83B a quarter earlier.
Sellers outnumbered buyers: 53 funds closed out of PRAA and 29 opened new positions — a net loss of 24 holders — while 103 trimmed existing stakes and 97 added.
The largest buyer was PNC Financial Services Group, adding an estimated $14.5M. The largest seller was Next Century Growth Investors, exiting entirely with an estimated $27.4M sold.
- 254 institutional investors held PRA Group (PRAA) as of Q1 2016, down from 279 in Q4 2015.
- Funds reported $1.42B of PRA Group stock for Q1 2016, down 22% quarter-over-quarter.
- 29 funds opened new PRA Group positions in Q1 2016 and 53 closed out, a net change of -24 holders.
- The largest PRA Group buyer in Q1 2016 was PNC Financial Services Group, an estimated $14.5M added.
- The largest PRA Group seller in Q1 2016 was Next Century Growth Investors, an estimated $27.4M sold.
Based on aggregated 13F filings for Q1 2016.