PRA Group
PRAA
217 hedge funds and large institutions have $1.67B invested in PRA Group in 2016 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 77 increasing their positions, 81 reducing their positions, and 33 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 5 → 10 (+5)
47% more capital invested
Capital invested by funds: $1.14B → $1.67B (+$531M)
5% less repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 81
4% less funds holding
Funds holding: 226 → 217 (-9)
21% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 33
58% less call options, than puts
Call options by funds: $3.75M | Put options by funds: $8.89M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCAM
Turtle Creek Asset Management
Toronto,
Ontario, Canada
|
+$30.2M |
| 2 |
CIP
Chartwell Investment Partners
Berywn,
Pennsylvania
|
+$15.2M |
| 3 |
Handelsbanken Fonder
Stockholm,
Sweden
|
+$14.6M |
| 4 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$11.1M |
| 5 |
WM
WS Management
Jacksonville,
Florida
|
+$9.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$12.5M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$8.8M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$8.01M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$6.3M |
| 5 |
GKIM
GW&K Investment Management
Boston,
Massachusetts
|
-$4.83M |
PRAA Hedge Fund Activity: Q3 2016 in Review
217 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in PRA Group (PRAA) for Q3 2016, worth a combined $1.67B — up 47% from $1.14B a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of PRAA and 26 opened new positions — a net loss of 7 holders — while 81 trimmed existing stakes and 77 added.
The largest buyer was Turtle Creek Asset Management, opening a new position worth an estimated $30.2M. The largest seller was Wells Fargo, cutting an estimated $12.5M.
- 217 institutional investors held PRA Group (PRAA) as of Q3 2016, down from 226 in Q2 2016.
- Funds reported $1.67B of PRA Group stock for Q3 2016, up 47% quarter-over-quarter.
- 26 funds opened new PRA Group positions in Q3 2016 and 33 closed out, a net change of -7 holders.
- The largest PRA Group buyer in Q3 2016 was Turtle Creek Asset Management, an estimated $30.2M added.
- The largest PRA Group seller in Q3 2016 was Wells Fargo, an estimated $12.5M sold.
Based on aggregated 13F filings for Q3 2016.