Profound Medical
PROF
34 hedge funds and large institutions have $79.2M invested in Profound Medical in 2020 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 4 increasing their positions, 14 reducing their positions, and 5 closing their positions.
72% more capital invested
Capital invested by funds: $46.2M → $79.2M (+$33.1M)
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
10% more funds holding
Funds holding: 31 → 34 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.39% less ownership
Funds ownership: 30.37% → 28.98% (-1.4%)
71% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZDA
Zweig-DiMenna Associates
New York
|
+$2.36M |
| 2 |
BCM
Barometer Capital Management
Toronto,
Ontario, Canada
|
+$602K |
| 3 |
PVI
Pura Vida Investments
New York
|
+$395K |
| 4 |
CIC
Chilton Investment Company
Stamford,
Connecticut
|
+$379K |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
+$379K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EGI
EAM Global Investors
Solana Beach,
California
|
-$2.13M |
| 2 |
EI
EAM Investors
Solana Beach,
California
|
-$605K |
| 3 |
BC
Blackcrane Capital
Bellevue,
Washington
|
-$596K |
| 4 |
GS
Gagnon Securities
New York
|
-$457K |
| 5 |
Millennium Management
New York
|
-$197K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bessemer Group
Woodbridge,
New Jersey
| $54K | +$40.4K | +3,200 | New |
|
27
UBS Group
Zurich,
Switzerland
| $42K | -$13.6K | -1,075 | -30% |
|
28
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $17K | -$6.31K | -500 | -33% |
|
29
Osaic Holdings
Scottsdale,
Arizona
| $16K | – | – | – |
|
30
JP Morgan Chase
New York
| $14K | -$11.4K | -900 | -52% |
|
|
SFS
31
Sowell Financial Services
North Little Rock,
Arkansas
| $12K | – | – | – |
|
32
Wells Fargo
San Francisco,
California
| $5K | – | – | – |
|
|
SPIA
33
Steward Partners Investment Advisory
New York
| $3K | +$2.52K | +200 | New |
|
34
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| $2K | +$1.39K | +110 | New |
|
|
EGI
35
EAM Global Investors
Solana Beach,
California
| – | -$2.13M | -223,430 | Closed |
|
|
EI
36
EAM Investors
Solana Beach,
California
| – | -$605K | -63,602 | Closed |
|
37
Citadel Advisors
Miami,
Florida
| – | -$187K | -19,234 | Closed |
|
38
Two Sigma Investments
New York
| – | -$141K | -14,500 | Closed |
|
|
RJA
39
Raymond James & Associates
St Petersburg,
Florida
| – | -$100K | -10,400 | Closed |
|
PROF Hedge Fund Activity: Q2 2020 in Review
34 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Profound Medical (PROF) for Q2 2020, worth a combined $79.2M — up 72% from $46.2M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PROF positions and 5 closed out — a net gain of 3 holders — while 4 added to existing stakes and 14 trimmed.
The largest buyer was Zweig-DiMenna Associates, opening a new position worth an estimated $2.36M. The largest seller was EAM Global Investors, exiting entirely with an estimated $2.13M sold.
- 34 institutional investors held Profound Medical (PROF) as of Q2 2020, up from 31 in Q1 2020.
- Funds reported $79.2M of Profound Medical stock for Q2 2020, up 72% quarter-over-quarter.
- 8 funds opened new Profound Medical positions in Q2 2020 and 5 closed out, a net change of +3 holders.
- The largest Profound Medical buyer in Q2 2020 was Zweig-DiMenna Associates, an estimated $2.36M added.
- The largest Profound Medical seller in Q2 2020 was EAM Global Investors, an estimated $2.13M sold.
Based on aggregated 13F filings for Q2 2020.