Porch Group
PRCH
124 hedge funds and large institutions have $173M invested in Porch Group in 2022 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 43 increasing their positions, 39 reducing their positions, and 31 closing their positions.
66% more call options, than puts
Call options by funds: $665K | Put options by funds: $401K
10% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 39
9% less funds holding
Funds holding: 137 → 124 (-13)
12.58% less ownership
Funds ownership: 90.18% → 77.6% (-13%)
24% less capital invested
Capital invested by funds: $227M → $173M (-$54.8M)
35% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$7.25M |
| 2 |
Millennium Management
New York
|
+$2.2M |
| 3 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$1.77M |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
+$1.25M |
| 5 |
MAG
Millrace Asset Group
Berwyn,
Pennsylvania
|
+$908K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
-$25.7M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$3.85M |
| 3 |
SCA
Southpoint Capital Advisors
New York
|
-$3.84M |
| 4 |
State Street
Boston,
Massachusetts
|
-$3.13M |
| 5 |
E
Ergoteles
New York
|
-$1.58M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$1K | -356 | Closed |
|
|
BHWM
152
Beaird Harris Wealth Management
Dallas,
Texas
| – | +$121 | +50 | New |
|
|
TWA
153
TCI Wealth Advisors
Tucson,
Arizona
| – | +$235 | +97 | New |
|
PRCH Hedge Fund Activity: Q3 2022 in Review
124 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Porch Group (PRCH) for Q3 2022, worth a combined $173M — down 24% from $227M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of PRCH and 20 opened new positions — a net loss of 11 holders — while 39 trimmed existing stakes and 43 added.
The largest buyer was Granahan Investment Management, adding an estimated $7.25M. The largest seller was Vulcan Value Partners, exiting entirely with an estimated $25.7M sold.
- 124 institutional investors held Porch Group (PRCH) as of Q3 2022, down from 137 in Q2 2022.
- Funds reported $173M of Porch Group stock for Q3 2022, down 24% quarter-over-quarter.
- 20 funds opened new Porch Group positions in Q3 2022 and 31 closed out, a net change of -11 holders.
- The largest Porch Group buyer in Q3 2022 was Granahan Investment Management, an estimated $7.25M added.
- The largest Porch Group seller in Q3 2022 was Vulcan Value Partners, an estimated $25.7M sold.
Based on aggregated 13F filings for Q3 2022.