Purple Innovation
PRPL
109 hedge funds and large institutions have $272M invested in Purple Innovation in 2023 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 42 increasing their positions, 29 reducing their positions, and 23 closing their positions.
77% more call options, than puts
Call options by funds: $558K | Put options by funds: $315K
45% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 29
6% more capital invested
Capital invested by funds: $257M → $272M (+$15.5M)
0.02% more ownership
Funds ownership: 3.71% → 3.73% (+0.02%)
0% more funds holding
Funds holding: 109 → 109 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Truist Financial
Charlotte,
North Carolina
|
+$3.09M |
| 2 |
NSGL
No Street GP LP
San Francisco,
California
|
+$2.74M |
| 3 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$2.25M |
| 4 |
AIC
AWM Investment Company
New York
|
+$1.51M |
| 5 |
JGC
J. Goldman & Co
New York
|
+$1.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCPM
Cooper Creek Partners Management
New York
|
-$3.46M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.55M |
| 3 |
Capstone Investment Advisors
New York
|
-$1.85M |
| 4 |
SIC
Schwartz Investment Counsel
Plymouth,
Michigan
|
-$1.76M |
| 5 |
Goldman Sachs
New York
|
-$1.11M |
PRPL Hedge Fund Activity: Q2 2023 in Review
109 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Purple Innovation (PRPL) for Q2 2023, worth a combined $272M — up 6% from $257M a quarter earlier.
Fund positioning in PRPL was balanced in Q2 2023: 23 funds opened new positions, 23 closed out, 42 added to existing stakes and 29 trimmed.
The largest buyer was Truist Financial, opening a new position worth an estimated $3.09M. The largest seller was Cooper Creek Partners Management, exiting entirely with an estimated $3.46M sold.
- 109 institutional investors held Purple Innovation (PRPL) as of Q2 2023, unchanged from Q1 2023.
- Funds reported $272M of Purple Innovation stock for Q2 2023, up 6% quarter-over-quarter.
- 23 funds opened new Purple Innovation positions in Q2 2023 and 23 closed out, a net change of 0 holders.
- The largest Purple Innovation buyer in Q2 2023 was Truist Financial, an estimated $3.09M added.
- The largest Purple Innovation seller in Q2 2023 was Cooper Creek Partners Management, an estimated $3.46M sold.
Based on aggregated 13F filings for Q2 2023.