Perimeter Solutions
142 hedge funds and large institutions have $634M invested in Perimeter Solutions in 2023 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 57 increasing their positions, 41 reducing their positions, and 26 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 41
6% more call options, than puts
Call options by funds: $17K | Put options by funds: $16K
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
4% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 26
1% less funds holding
Funds holding: 144 → 142 (-2)
3.5% less ownership
Funds ownership: 93.87% → 90.36% (-3.5%)
30% less capital invested
Capital invested by funds: $907M → $634M (-$273M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECM
Ensemble Capital Management
San Francisco,
California
|
+$14.5M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$2.85M |
| 3 |
WIM
Weitz Investment Management
Omaha,
Nebraska
|
+$2.27M |
| 4 |
Renaissance Technologies
New York
|
+$2.05M |
| 5 |
SIG
Senator Investment Group
New York
|
+$1.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
-$26.1M |
| 2 |
Alyeska Investment Group
Chicago,
Illinois
|
-$10.4M |
| 3 |
RP
Repertoire Partners
New York
|
-$9.15M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
-$7.86M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$6.08M |
PRM Hedge Fund Activity: Q3 2023 in Review
142 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Perimeter Solutions (PRM) for Q3 2023, worth a combined $634M — down 30% from $907M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of PRM and 25 opened new positions — a net loss of 1 holder — while 41 trimmed existing stakes and 57 added.
The largest buyer was Ensemble Capital Management, adding an estimated $14.5M. The largest seller was Select Equity Group, cutting an estimated $26.1M.
- 142 institutional investors held Perimeter Solutions (PRM) as of Q3 2023, down from 144 in Q2 2023.
- Funds reported $634M of Perimeter Solutions stock for Q3 2023, down 30% quarter-over-quarter.
- 25 funds opened new Perimeter Solutions positions in Q3 2023 and 26 closed out, a net change of -1 holder.
- The largest Perimeter Solutions buyer in Q3 2023 was Ensemble Capital Management, an estimated $14.5M added.
- The largest Perimeter Solutions seller in Q3 2023 was Select Equity Group, an estimated $26.1M sold.
Based on aggregated 13F filings for Q3 2023.