Purple Innovation
PRPL
30 hedge funds and large institutions have $46.3M invested in Purple Innovation in 2019 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 13 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
45% more capital invested
Capital invested by funds: $31.9M → $46.3M (+$14.4M)
3% more funds holding
Funds holding: 29 → 30 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.01% less ownership
Funds ownership: 2.83% → 2.82% (-0.01%)
31% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$512K |
| 2 |
CL
CPWM LLC
Seattle,
Washington
|
+$183K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$66.8K |
| 4 |
State Street
Boston,
Massachusetts
|
+$56.1K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$48K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Ancient Art
Austin,
Texas
|
-$519K |
| 2 |
RA
Royce & Associates
New York
|
-$317K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$74K |
| 4 |
Charles Schwab
San Francisco,
California
|
-$48K |
| 5 |
BlackRock
New York
|
-$25K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
BNP Paribas Financial Markets
Paris,
France
| $4.23K | -$3.35K | -22 | -47% |
|
|
AIP
27
Ameritas Investment Partners
Lincoln,
Nebraska
| $2K | – | – | – |
|
28
Bank of Montreal
Toronto,
Ontario, Canada
| $2K | +$457 | +3 | +33% |
|
|
LTFS
29
Ladenburg Thalmann Financial Services
Miami,
Florida
| $1K | +$610 | +4 | New |
|
|
30
Citadel Advisors
Miami,
Florida
| – | -$74K | -636 | Closed |
|
|
31
Charles Schwab
San Francisco,
California
| – | -$48K | -412 | Closed |
|
32
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | +$152 | +1 | New |
|
PRPL Hedge Fund Activity: Q2 2019 in Review
30 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Purple Innovation (PRPL) for Q2 2019, worth a combined $46.3M — up 45% from $31.9M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new PRPL positions and 2 closed out — a net gain of 1 holder — while 9 added to existing stakes and 13 trimmed.
The largest buyer was Commonwealth Equity Services, opening a new position worth an estimated $512K. The largest seller was Ancient Art, cutting an estimated $519K.
- 30 institutional investors held Purple Innovation (PRPL) as of Q2 2019, up from 29 in Q1 2019.
- Funds reported $46.3M of Purple Innovation stock for Q2 2019, up 45% quarter-over-quarter.
- 3 funds opened new Purple Innovation positions in Q2 2019 and 2 closed out, a net change of +1 holder.
- The largest Purple Innovation buyer in Q2 2019 was Commonwealth Equity Services, an estimated $512K added.
- The largest Purple Innovation seller in Q2 2019 was Ancient Art, an estimated $519K sold.
Based on aggregated 13F filings for Q2 2019.