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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$30.8M |
| 2 |
AWG
Alpha Wave Global
New York
|
+$17.4M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
+$11.9M |
| 4 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$10.6M |
| 5 |
SAM
Scopus Asset Management
New York
|
+$8.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$9.79M |
| 2 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$9.73M |
| 3 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$7.4M |
| 4 |
FTCM
Fir Tree Capital Management
New York
|
-$7.31M |
| 5 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$7.08M |
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.