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Porch Group
PRCH

44 hedge funds and large institutions have $185M invested in Porch Group in 2020 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 3 increasing their positions, 10 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

61% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 18

37% more capital invested

Capital invested by funds: $135M → $185M (+$50M)

33% more funds holding

Funds holding: 33 → 44 (+11)

20.46% more ownership

Funds ownership: 77.31% → 97.76% (+20%)

70% less repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 10

Holders
44
Holders Change
+11
Holders Change %
+33.33%
% of All Funds
0.89%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
29
Increased
3
Reduced
10
Closed
18
Calls
$801K
Puts
–
Net Calls
+$801K
Net Calls Change
+$203K

Top Buyers

Rank Fund Capital Flow
1
GIM
Granahan Investment Management
Massachusetts
+$30.8M
2
AWG
Alpha Wave Global
New York
+$17.4M
3
William Blair Investment Management
William Blair Investment Management
Illinois
+$11.9M
4
MF
Magnetar Financial
Illinois
+$10.6M
5
SAM
Scopus Asset Management
New York
+$8.85M

Top Sellers

Rank Fund Capital Flow
1
PAMP
Polar Asset Management Partners
Ontario, Canada
-$9.79M
2
UOC
UBS O'Connor
Illinois
-$9.73M
3
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
-$7.4M
4
FTCM
Fir Tree Capital Management
New York
-$7.31M
5
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
-$7.08M
Name Holding Trade Value Shares
Change 		Change in
Stake
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
26
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$1.09M -$7.4M -700,000 -88%
RCM
27
Rivernorth Capital Management
Florida
$1.07M +$1.02M +96,600 New
HF
28
HRT Financial
New York
$1.07M +$1.01M +95,948 New
MIM
29
Monashee Investment Management
Massachusetts
$1.01M +$962K +91,094 New
WCMNY
30
Westchester Capital Management (New York)
New York
$1.01M -$4.34M -410,667 -82%
New York State Common Retirement Fund
31
New York State Common Retirement Fund
New York
$978K +$929K +87,898 New
FG
32
Formula Growth
Quebec, Canada
$827K +$785K +74,310 New
Walleye Trading
33
Walleye Trading
New York
$738K +$701K +66,308 New
EMFAT
34
Emerald Mutual Fund Advisers Trust
Pennsylvania
$605K +$574K +54,375 New
California Public Employees Retirement System
35
California Public Employees Retirement System
California
$412K +$19K +1,800 +5%
AC
36
AWH Capital
Texas
$390K +$370K +35,000 New
CI Investments Inc
37
CI Investments Inc
Ontario, Canada
$283K +$269K +25,450 New
Jane Street
38
Jane Street
New York
$181K +$172K +16,286 New
CAPTRUST Financial Advisors
39
CAPTRUST Financial Advisors
North Carolina
$160K +$156K +14,742 New
DCM
40
Dupont Capital Management
Delaware
$111K – – –
UBS Group
41
UBS Group
Switzerland
$8K +$7.22K +683 New
Millennium Management
42
Millennium Management
New York
$2.48K -$449K -42,541 -16%
Morgan Stanley
43
Morgan Stanley
New York
$2K -$2.31K -219 -57%
FIA
44
FNY Investment Advisers
New York
$2K +$2.11K +200 New
FTCM
45
Fir Tree Capital Management
New York
– -$7.31M -724,000 Closed
Hudson Bay Capital Management
46
Hudson Bay Capital Management
Connecticut
– -$7.08M -701,002 Closed
WRBC
47
W.R. Berkley Corp
Connecticut
– -$4.61M -454,540 Closed
AIMCA
48
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
– -$4.54M -450,000 Closed
RCM
49
Radcliffe Capital Management
Pennsylvania
– -$4.57M -450,000 Closed
PC
50
Periscope Capital
Ontario, Canada
– -$3.86M -380,000 Closed
1
2
3

PRCH Hedge Fund Activity: Q3 2020 in Review

44 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Porch Group (PRCH) for Q3 2020, worth a combined $185M — up 37% from $135M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new PRCH positions and 18 closed out — a net gain of 11 holders — while 3 added to existing stakes and 10 trimmed.

The largest buyer was Granahan Investment Management, opening a new position worth an estimated $30.8M. The largest seller was Polar Asset Management Partners, cutting an estimated $9.79M.

  • 44 institutional investors held Porch Group (PRCH) as of Q3 2020, up from 33 in Q2 2020.
  • Funds reported $185M of Porch Group stock for Q3 2020, up 37% quarter-over-quarter.
  • 29 funds opened new Porch Group positions in Q3 2020 and 18 closed out, a net change of +11 holders.
  • The largest Porch Group buyer in Q3 2020 was Granahan Investment Management, an estimated $30.8M added.
  • The largest Porch Group seller in Q3 2020 was Polar Asset Management Partners, an estimated $9.79M sold.

Based on aggregated 13F filings for Q3 2020.