PRA Group
PRAA
155 hedge funds and large institutions have $976M invested in PRA Group in 2024 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 41 increasing their positions, 61 reducing their positions, and 16 closing their positions.
91% more call options, than puts
Call options by funds: $4.89M | Put options by funds: $2.55M
31% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 16
3% more funds holding
Funds holding: 150 → 155 (+5)
2% less capital invested
Capital invested by funds: $1B → $976M (-$24.1M)
2.07% less ownership
Funds ownership: 97.38% → 95.31% (-2.1%)
33% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 61
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.17M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$2.5M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.14M |
| 4 |
Millennium Management
New York
|
+$2.13M |
| 5 |
GACM
Global Alpha Capital Management
Montreal,
Quebec, Canada
|
+$2.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
-$5.77M |
| 2 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$5.38M |
| 3 |
BlackRock
New York
|
-$5.1M |
| 4 |
Nuveen
Charlotte,
North Carolina
|
-$4.66M |
| 5 |
EC
Engaged Capital
Newport Beach,
California
|
-$3.84M |
PRAA Hedge Fund Activity: Q1 2024 in Review
155 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in PRA Group (PRAA) for Q1 2024, worth a combined $976M — down 2.4% from $1B a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new PRAA positions and 16 closed out — a net gain of 5 holders — while 41 added to existing stakes and 61 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $3.17M. The largest seller was Invenomic Capital Management, exiting entirely with an estimated $5.77M sold.
- 155 institutional investors held PRA Group (PRAA) as of Q1 2024, up from 150 in Q4 2023.
- Funds reported $976M of PRA Group stock for Q1 2024, down 2.4% quarter-over-quarter.
- 21 funds opened new PRA Group positions in Q1 2024 and 16 closed out, a net change of +5 holders.
- The largest PRA Group buyer in Q1 2024 was Royal Bank of Canada, an estimated $3.17M added.
- The largest PRA Group seller in Q1 2024 was Invenomic Capital Management, an estimated $5.77M sold.
Based on aggregated 13F filings for Q1 2024.