Purple Innovation
PRPL
32 hedge funds and large institutions have $40.4M invested in Purple Innovation in 2018 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 3 reducing their positions, and 2 closing their positions.
400% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 3
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
3% more funds holding
Funds holding: 31 → 32 (+1)
1.17% more ownership
Funds ownership: 1.71% → 2.88% (+1.2%)
30% less capital invested
Capital invested by funds: $58M → $40.4M (-$17.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$286K |
| 2 |
State Street
Boston,
Massachusetts
|
+$221K |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$143K |
| 4 |
CL
CPWM LLC
Seattle,
Washington
|
+$130K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$78.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPIA
Steward Partners Investment Advisory
New York
|
-$66.8K |
| 2 |
QCG
Quadrant Capital Group
Cincinnati,
Ohio
|
-$12K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$4.7K |
| 4 |
BlackRock
New York
|
-$1.3K |
| 5 |
PIA
Piedmont Investment Advisors
Durham,
North Carolina
|
-$1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Legal & General Group
London,
United Kingdom
| $6K | – | – | – |
|
27
JP Morgan Chase
New York
| $6K | +$6.49K | +40 | New |
|
28
Wells Fargo
San Francisco,
California
| $4K | +$973 | +6 | +29% |
|
|
AIP
29
Ameritas Investment Partners
Lincoln,
Nebraska
| $2K | – | – | – |
|
30
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1K | +$973 | +6 | +300% |
|
31
Bank of Montreal
Toronto,
Ontario, Canada
| $1K | +$1.46K | +9 | +900% |
|
32
BNP Paribas Financial Markets
Paris,
France
| $829 | – | – | – |
|
|
QCG
33
Quadrant Capital Group
Cincinnati,
Ohio
| – | -$12K | -59 | Closed |
|
|
PIA
34
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$1K | -3 | Closed |
|
PRPL Hedge Fund Activity: Q3 2018 in Review
32 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Purple Innovation (PRPL) for Q3 2018, worth a combined $40.4M — down 30% from $58M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new PRPL positions and 2 closed out — a net gain of 1 holder — while 15 added to existing stakes and 3 trimmed.
The largest buyer was LPL Financial, adding an estimated $286K. The largest seller was Steward Partners Investment Advisory, cutting an estimated $66.8K.
- 32 institutional investors held Purple Innovation (PRPL) as of Q3 2018, up from 31 in Q2 2018.
- Funds reported $40.4M of Purple Innovation stock for Q3 2018, down 30% quarter-over-quarter.
- 3 funds opened new Purple Innovation positions in Q3 2018 and 2 closed out, a net change of +1 holder.
- The largest Purple Innovation buyer in Q3 2018 was LPL Financial, an estimated $286K added.
- The largest Purple Innovation seller in Q3 2018 was Steward Partners Investment Advisory, an estimated $66.8K sold.
Based on aggregated 13F filings for Q3 2018.