PRA Group
PRAA
215 hedge funds and large institutions have $1.44B invested in PRA Group in 2017 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 63 increasing their positions, 88 reducing their positions, and 30 closing their positions.
6.28% more ownership
Funds ownership: 105.04% → 111.32% (+6.3%)
3% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 30
1% less funds holding
Funds holding: 218 → 215 (-3)
22% less capital invested
Capital invested by funds: $1.85B → $1.44B (-$408M)
28% less repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 88
43% less funds holding in top 10
Funds holding in top 10: 7 → 4 (-3)
56% less call options, than puts
Call options by funds: $5.11M | Put options by funds: $11.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$68.3M |
| 2 |
TCAM
Turtle Creek Asset Management
Toronto,
Ontario, Canada
|
+$52.3M |
| 3 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$21.2M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$16.8M |
| 5 |
ICOM
Investment Counselors of Maryland
Baltimore,
Maryland
|
+$16.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$34.1M |
| 2 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$34.1M |
| 3 |
William Blair & Company
Chicago,
Illinois
|
-$24.5M |
| 4 |
CLM
ClearBridge LLC (Maryland)
Baltimore,
Maryland
|
-$15.4M |
| 5 |
ORI
Oak Ridge Investments
Chicago,
Illinois
|
-$11.8M |
PRAA Hedge Fund Activity: Q3 2017 in Review
215 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in PRA Group (PRAA) for Q3 2017, worth a combined $1.44B — down 22% from $1.85B a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of PRAA and 29 opened new positions — a net loss of 1 holder — while 88 trimmed existing stakes and 63 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $68.3M. The largest seller was PNC Financial Services Group, cutting an estimated $34.1M.
- 215 institutional investors held PRA Group (PRAA) as of Q3 2017, down from 218 in Q2 2017.
- Funds reported $1.44B of PRA Group stock for Q3 2017, down 22% quarter-over-quarter.
- 29 funds opened new PRA Group positions in Q3 2017 and 30 closed out, a net change of -1 holder.
- The largest PRA Group buyer in Q3 2017 was T. Rowe Price Associates, an estimated $68.3M added.
- The largest PRA Group seller in Q3 2017 was PNC Financial Services Group, an estimated $34.1M sold.
Based on aggregated 13F filings for Q3 2017.