Porch Group
PRCH
111 hedge funds and large institutions have $80.5M invested in Porch Group in 2024 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 33 increasing their positions, 30 reducing their positions, and 33 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 30
1.63% more ownership
Funds ownership: 52.17% → 53.8% (+1.6%)
7% more call options, than puts
Call options by funds: $454K | Put options by funds: $423K
4% less funds holding
Funds holding: 116 → 111 (-5)
15% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 33
63% less capital invested
Capital invested by funds: $219M → $80.5M (-$139M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$10.2M |
| 2 |
HCA
Harbor Capital Advisors
Chicago,
Illinois
|
+$3.67M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$3.57M |
| 4 |
State Street
Boston,
Massachusetts
|
+$3.52M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$2.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$3.22M |
| 2 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$3.09M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.92M |
| 4 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$2.72M |
| 5 |
WCA
Whetstone Capital Advisors
Shawnee Mission,
Kansas
|
-$2.47M |
PRCH Hedge Fund Activity: Q2 2024 in Review
111 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Porch Group (PRCH) for Q2 2024, worth a combined $80.5M — down 63% from $219M a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of PRCH and 28 opened new positions — a net loss of 5 holders — while 30 trimmed existing stakes and 33 added.
The largest buyer was BlackRock, adding an estimated $10.2M. The largest seller was Millennium Management, cutting an estimated $3.22M.
- 111 institutional investors held Porch Group (PRCH) as of Q2 2024, down from 116 in Q1 2024.
- Funds reported $80.5M of Porch Group stock for Q2 2024, down 63% quarter-over-quarter.
- 28 funds opened new Porch Group positions in Q2 2024 and 33 closed out, a net change of -5 holders.
- The largest Porch Group buyer in Q2 2024 was BlackRock, an estimated $10.2M added.
- The largest Porch Group seller in Q2 2024 was Millennium Management, an estimated $3.22M sold.
Based on aggregated 13F filings for Q2 2024.