PRA Group
PRAA
241 hedge funds and large institutions have $1.85B invested in PRA Group in 2016 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 77 increasing their positions, 88 reducing their positions, and 13 closing their positions.
200% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 13
101.97% more ownership
Funds ownership: 0% → 101.97% (+102%)
12% more call options, than puts
Call options by funds: $2.45M | Put options by funds: $2.2M
11% more funds holding
Funds holding: 217 → 241 (+24)
11% more capital invested
Capital invested by funds: $1.67B → $1.85B (+$179M)
10% more funds holding in top 10
Funds holding in top 10: 10 → 11 (+1)
13% less repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 88
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCAM
Turtle Creek Asset Management
Toronto,
Ontario, Canada
|
+$36.9M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$18.7M |
| 3 |
CAM
Cortina Asset Management
Milwaukee,
Wisconsin
|
+$15.1M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$8.83M |
| 5 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
+$8.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DDC
DF Dent & Co
Baltimore,
Maryland
|
-$25.5M |
| 2 |
William Blair & Company
Chicago,
Illinois
|
-$24.5M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$18.3M |
| 4 |
Handelsbanken Fonder
Stockholm,
Sweden
|
-$17.1M |
| 5 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$16.6M |
PRAA Hedge Fund Activity: Q4 2016 in Review
241 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in PRA Group (PRAA) for Q4 2016, worth a combined $1.85B — up 11% from $1.67B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new PRAA positions and 13 closed out — a net gain of 26 holders — while 77 added to existing stakes and 88 trimmed.
The largest buyer was Turtle Creek Asset Management, adding an estimated $36.9M. The largest seller was DF Dent & Co, cutting an estimated $25.5M.
- 241 institutional investors held PRA Group (PRAA) as of Q4 2016, up from 217 in Q3 2016.
- Funds reported $1.85B of PRA Group stock for Q4 2016, up 11% quarter-over-quarter.
- 39 funds opened new PRA Group positions in Q4 2016 and 13 closed out, a net change of +26 holders.
- The largest PRA Group buyer in Q4 2016 was Turtle Creek Asset Management, an estimated $36.9M added.
- The largest PRA Group seller in Q4 2016 was DF Dent & Co, an estimated $25.5M sold.
Based on aggregated 13F filings for Q4 2016.