PRA Group
PRAA
150 hedge funds and large institutions have $1B invested in PRA Group in 2023 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 47 increasing their positions, 58 reducing their positions, and 20 closing their positions.
39% more capital invested
Capital invested by funds: $719M → $1B (+$282M)
2.05% more ownership
Funds ownership: 95.33% → 97.38% (+2.1%)
1% less funds holding
Funds holding: 152 → 150 (-2)
10% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 20
19% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 58
38% less call options, than puts
Call options by funds: $2.46M | Put options by funds: $3.99M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Engaged Capital
Newport Beach,
California
|
+$37.6M |
| 2 |
BlackRock
New York
|
+$6.2M |
| 3 |
GACM
Global Alpha Capital Management
Montreal,
Quebec, Canada
|
+$4.45M |
| 4 |
Bank of New York Mellon
New York
|
+$4.06M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$17.8M |
| 2 |
Aberdeen Group
Edinburgh,
United Kingdom
|
-$16M |
| 3 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$12.1M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$4.15M |
| 5 |
Renaissance Technologies
New York
|
-$1.93M |
PRAA Hedge Fund Activity: Q4 2023 in Review
150 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in PRA Group (PRAA) for Q4 2023, worth a combined $1B — up 39% from $719M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of PRAA and 18 opened new positions — a net loss of 2 holders — while 58 trimmed existing stakes and 47 added.
The largest buyer was Engaged Capital, opening a new position worth an estimated $37.6M. The largest seller was UBS Group, cutting an estimated $17.8M.
- 150 institutional investors held PRA Group (PRAA) as of Q4 2023, down from 152 in Q3 2023.
- Funds reported $1B of PRA Group stock for Q4 2023, up 39% quarter-over-quarter.
- 18 funds opened new PRA Group positions in Q4 2023 and 20 closed out, a net change of -2 holders.
- The largest PRA Group buyer in Q4 2023 was Engaged Capital, an estimated $37.6M added.
- The largest PRA Group seller in Q4 2023 was UBS Group, an estimated $17.8M sold.
Based on aggregated 13F filings for Q4 2023.