PRA Group
PRAA
265 hedge funds and large institutions have $3.2B invested in PRA Group in 2014 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 107 increasing their positions, 100 reducing their positions, and 45 closing their positions.
11% more capital invested
Capital invested by funds: $2.89B → $3.2B (+$308M)
7% more repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 100
6% less funds holding
Funds holding: 282 → 265 (-17)
8% less funds holding in top 10
Funds holding in top 10: 12 → 11 (-1)
33% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 45
74% less call options, than puts
Call options by funds: $6.75M | Put options by funds: $26.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair & Company
Chicago,
Illinois
|
+$70.4M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
+$40.7M |
| 3 |
Bank of New York Mellon
New York
|
+$22.4M |
| 4 |
Northern Trust
Chicago,
Illinois
|
+$15.4M |
| 5 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$14.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TI
Turner Investments
Berwyn,
Pennsylvania
|
-$26.9M |
| 2 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
-$17M |
| 3 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
-$14M |
| 4 |
NAP
New Amsterdam Partners
New York
|
-$13.2M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$12.5M |
PRAA Hedge Fund Activity: Q1 2014 in Review
265 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in PRA Group (PRAA) for Q1 2014, worth a combined $3.2B — up 11% from $2.89B a quarter earlier.
Sellers outnumbered buyers: 45 funds closed out of PRAA and 30 opened new positions — a net loss of 15 holders — while 100 trimmed existing stakes and 107 added.
The largest buyer was William Blair & Company, adding an estimated $70.4M. The largest seller was Turner Investments, exiting entirely with an estimated $26.9M sold.
- 265 institutional investors held PRA Group (PRAA) as of Q1 2014, down from 282 in Q4 2013.
- Funds reported $3.2B of PRA Group stock for Q1 2014, up 11% quarter-over-quarter.
- 30 funds opened new PRA Group positions in Q1 2014 and 45 closed out, a net change of -15 holders.
- The largest PRA Group buyer in Q1 2014 was William Blair & Company, an estimated $70.4M added.
- The largest PRA Group seller in Q1 2014 was Turner Investments, an estimated $26.9M sold.
Based on aggregated 13F filings for Q1 2014.