PRA Group
PRAA
185 hedge funds and large institutions have $1.51B invested in PRA Group in 2023 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 62 increasing their positions, 65 reducing their positions, and 13 closing their positions.
92% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 13
20% more capital invested
Capital invested by funds: $1.26B → $1.51B (+$252M)
6% more funds holding
Funds holding: 174 → 185 (+11)
4.12% more ownership
Funds ownership: 95.34% → 99.46% (+4.1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 65
82% less call options, than puts
Call options by funds: $2.09M | Put options by funds: $11.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Silvercrest Asset Management
New York
|
+$10M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$9.71M |
| 3 |
Bank of New York Mellon
New York
|
+$7.08M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
+$6.2M |
| 5 |
Renaissance Technologies
New York
|
+$5.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$23.1M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
-$17.3M |
| 3 |
Nordea Investment Management
Stockholm,
Sweden
|
-$15.1M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$8.44M |
| 5 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
-$7.67M |
PRAA Hedge Fund Activity: Q1 2023 in Review
185 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in PRA Group (PRAA) for Q1 2023, worth a combined $1.51B — up 20% from $1.26B a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new PRAA positions and 13 closed out — a net gain of 12 holders — while 62 added to existing stakes and 65 trimmed.
The largest buyer was Silvercrest Asset Management, opening a new position worth an estimated $10M. The largest seller was BlackRock, cutting an estimated $23.1M.
- 185 institutional investors held PRA Group (PRAA) as of Q1 2023, up from 174 in Q4 2022.
- Funds reported $1.51B of PRA Group stock for Q1 2023, up 20% quarter-over-quarter.
- 25 funds opened new PRA Group positions in Q1 2023 and 13 closed out, a net change of +12 holders.
- The largest PRA Group buyer in Q1 2023 was Silvercrest Asset Management, an estimated $10M added.
- The largest PRA Group seller in Q1 2023 was BlackRock, an estimated $23.1M sold.
Based on aggregated 13F filings for Q1 2023.