PRA Group
PRAA
222 hedge funds and large institutions have $2B invested in PRA Group in 2018 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 81 increasing their positions, 75 reducing their positions, and 27 closing their positions.
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
17% more capital invested
Capital invested by funds: $1.71B → $2B (+$285M)
2.04% more ownership
Funds ownership: 114.07% → 116.11% (+2%)
8% more repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 75
7% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 27
1% less funds holding
Funds holding: 225 → 222 (-3)
55% less call options, than puts
Call options by funds: $6.2M | Put options by funds: $13.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$36.9M |
| 2 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
+$26.3M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$9.02M |
| 4 |
Canada Life
Winnipeg,
Manitoba, Canada
|
+$8.28M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
+$7.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCAM
Turtle Creek Asset Management
Toronto,
Ontario, Canada
|
-$35.1M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$9.96M |
| 3 |
WM
WS Management
Jacksonville,
Florida
|
-$7.5M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$6.27M |
| 5 |
GC
GMT Capital
Atlanta,
Georgia
|
-$5.68M |
PRAA Hedge Fund Activity: Q1 2018 in Review
222 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in PRA Group (PRAA) for Q1 2018, worth a combined $2B — up 17% from $1.71B a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of PRAA and 25 opened new positions — a net loss of 2 holders — while 75 trimmed existing stakes and 81 added.
The largest buyer was Barrow, Hanley, Mewhinney & Strauss, adding an estimated $36.9M. The largest seller was Turtle Creek Asset Management, cutting an estimated $35.1M.
- 222 institutional investors held PRA Group (PRAA) as of Q1 2018, down from 225 in Q4 2017.
- Funds reported $2B of PRA Group stock for Q1 2018, up 17% quarter-over-quarter.
- 25 funds opened new PRA Group positions in Q1 2018 and 27 closed out, a net change of -2 holders.
- The largest PRA Group buyer in Q1 2018 was Barrow, Hanley, Mewhinney & Strauss, an estimated $36.9M added.
- The largest PRA Group seller in Q1 2018 was Turtle Creek Asset Management, an estimated $35.1M sold.
Based on aggregated 13F filings for Q1 2018.