Porch Group
PRCH
75 hedge funds and large institutions have $39.5M invested in Porch Group in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 16 increasing their positions, 33 reducing their positions, and 28 closing their positions.
581% more call options, than puts
Call options by funds: $218K | Put options by funds: $32K
9.34% less ownership
Funds ownership: 59.27% → 49.93% (-9.3%)
21% less funds holding
Funds holding: 95 → 75 (-20)
51% less capital invested
Capital invested by funds: $80M → $39.5M (-$40.5M)
52% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 33
71% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 28
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FNF
Fidelity National Financial
Jacksonville,
Florida
|
+$4.94M |
| 2 |
LM
Luminus Management
Houston,
Texas
|
+$1.21M |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$811K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$406K |
| 5 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$394K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$10.8M |
| 2 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$1.94M |
| 3 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$1.25M |
| 4 |
EIM
Essex Investment Management
Boston,
Massachusetts
|
-$939K |
| 5 |
MAG
Millrace Asset Group
Berwyn,
Pennsylvania
|
-$914K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PMEF
101
Point72 Middle East FZE
Dubai,
United Arab Emirates
| – | -$10.8K | -7,825 | Closed |
|
102
RhumbLine Advisers
Boston,
Massachusetts
| – | -$8.48K | -6,146 | Closed |
|
103
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$695 | -661 | Closed |
|
PRCH Hedge Fund Activity: Q3 2023 in Review
75 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Porch Group (PRCH) for Q3 2023, worth a combined $39.5M — down 51% from $80M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of PRCH and 8 opened new positions — a net loss of 20 holders — while 33 trimmed existing stakes and 16 added.
The largest buyer was Fidelity National Financial, opening a new position worth an estimated $4.94M. The largest seller was Park West Asset Management, exiting entirely with an estimated $10.8M sold.
- 75 institutional investors held Porch Group (PRCH) as of Q3 2023, down from 95 in Q2 2023.
- Funds reported $39.5M of Porch Group stock for Q3 2023, down 51% quarter-over-quarter.
- 8 funds opened new Porch Group positions in Q3 2023 and 28 closed out, a net change of -20 holders.
- The largest Porch Group buyer in Q3 2023 was Fidelity National Financial, an estimated $4.94M added.
- The largest Porch Group seller in Q3 2023 was Park West Asset Management, an estimated $10.8M sold.
Based on aggregated 13F filings for Q3 2023.