PRA Group
PRAA
205 hedge funds and large institutions have $1.4B invested in PRA Group in 2019 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 72 increasing their positions, 64 reducing their positions, and 16 closing their positions.
69% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 16
13% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 64
7% more capital invested
Capital invested by funds: $1.31B → $1.4B (+$85.9M)
5% more funds holding
Funds holding: 196 → 205 (+9)
3.83% less ownership
Funds ownership: 119.07% → 115.24% (-3.8%)
33% less call options, than puts
Call options by funds: $15.1M | Put options by funds: $22.4M
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$9M |
| 2 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
+$8.85M |
| 3 |
IMOV
Investment Management of Virginia
Richmond,
Virginia
|
+$7.56M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$7.56M |
| 5 |
GACM
Global Alpha Capital Management
Montreal,
Quebec, Canada
|
+$7.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
B
BloombergSen
Toronto,
Ontario, Canada
|
-$42.5M |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$14.3M |
| 3 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$7.63M |
| 4 |
MC
Maverick Capital
Dallas,
Texas
|
-$6.1M |
| 5 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
-$4.72M |
PRAA Hedge Fund Activity: Q1 2019 in Review
205 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in PRA Group (PRAA) for Q1 2019, worth a combined $1.4B — up 6.5% from $1.31B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new PRAA positions and 16 closed out — a net gain of 11 holders — while 72 added to existing stakes and 64 trimmed.
The largest buyer was Massachusetts Financial Services, adding an estimated $9M. The largest seller was BloombergSen, exiting entirely with an estimated $42.5M sold.
- 205 institutional investors held PRA Group (PRAA) as of Q1 2019, up from 196 in Q4 2018.
- Funds reported $1.4B of PRA Group stock for Q1 2019, up 6.5% quarter-over-quarter.
- 27 funds opened new PRA Group positions in Q1 2019 and 16 closed out, a net change of +11 holders.
- The largest PRA Group buyer in Q1 2019 was Massachusetts Financial Services, an estimated $9M added.
- The largest PRA Group seller in Q1 2019 was BloombergSen, an estimated $42.5M sold.
Based on aggregated 13F filings for Q1 2019.