Porch Group
PRCH
99 hedge funds and large institutions have $94.6M invested in Porch Group in 2023 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 33 increasing their positions, 33 reducing their positions, and 24 closing their positions.
587% more call options, than puts
Call options by funds: $522K | Put options by funds: $76K
0% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 33
1.22% less ownership
Funds ownership: 69.42% → 68.2% (-1.2%)
10% less funds holding
Funds holding: 110 → 99 (-11)
28% less capital invested
Capital invested by funds: $131M → $94.6M (-$36.7M)
42% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 24
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PWAM
Park West Asset Management
San Francisco,
California
|
+$16.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$7.64M |
| 3 |
LM
Luminus Management
Houston,
Texas
|
+$2.3M |
| 4 |
WCA
Whetstone Capital Advisors
Shawnee Mission,
Kansas
|
+$1.16M |
| 5 |
MAG
Millrace Asset Group
Berwyn,
Pennsylvania
|
+$845K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$20.8M |
| 2 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$8.68M |
| 3 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$1.87M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$1.58M |
| 5 |
KCP
Keyframe Capital Partners
New York
|
-$1.26M |
PRCH Hedge Fund Activity: Q1 2023 in Review
99 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Porch Group (PRCH) for Q1 2023, worth a combined $94.6M — down 28% from $131M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of PRCH and 14 opened new positions — a net loss of 10 holders — while 33 trimmed existing stakes and 33 added.
The largest buyer was Park West Asset Management, adding an estimated $16.2M. The largest seller was Goldman Sachs, cutting an estimated $20.8M.
- 99 institutional investors held Porch Group (PRCH) as of Q1 2023, down from 110 in Q4 2022.
- Funds reported $94.6M of Porch Group stock for Q1 2023, down 28% quarter-over-quarter.
- 14 funds opened new Porch Group positions in Q1 2023 and 24 closed out, a net change of -10 holders.
- The largest Porch Group buyer in Q1 2023 was Park West Asset Management, an estimated $16.2M added.
- The largest Porch Group seller in Q1 2023 was Goldman Sachs, an estimated $20.8M sold.
Based on aggregated 13F filings for Q1 2023.