Purple Innovation
PRPL
85 hedge funds and large institutions have $84.2M invested in Purple Innovation in 2024 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 22 increasing their positions, 23 reducing their positions, and 8 closing their positions.
125% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 8
84% more call options, than puts
Call options by funds: $118K | Put options by funds: $64K
12% more funds holding
Funds holding: 76 → 85 (+9)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.03% less ownership
Funds ownership: 3.04% → 3.01% (-0.03%)
4% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 23
41% less capital invested
Capital invested by funds: $142M → $84.2M (-$57.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
+$195K |
| 2 |
Goldman Sachs
New York
|
+$143K |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$109K |
| 4 |
Squarepoint
New York
|
+$100K |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$80.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NSGL
No Street GP LP
San Francisco,
California
|
-$363K |
| 2 |
Truist Financial
Charlotte,
North Carolina
|
-$268K |
| 3 |
Millennium Management
New York
|
-$231K |
| 4 |
XT
XTX Topco
George Town,
Cayman Islands
|
-$222K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$205K |
PRPL Hedge Fund Activity: Q2 2024 in Review
85 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Purple Innovation (PRPL) for Q2 2024, worth a combined $84.2M — down 41% from $142M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new PRPL positions and 8 closed out — a net gain of 10 holders — while 22 added to existing stakes and 23 trimmed.
The largest buyer was Divisadero Street Capital Management, opening a new position worth an estimated $195K. The largest seller was No Street GP LP, cutting an estimated $363K.
- 85 institutional investors held Purple Innovation (PRPL) as of Q2 2024, up from 76 in Q1 2024.
- Funds reported $84.2M of Purple Innovation stock for Q2 2024, down 41% quarter-over-quarter.
- 18 funds opened new Purple Innovation positions in Q2 2024 and 8 closed out, a net change of +10 holders.
- The largest Purple Innovation buyer in Q2 2024 was Divisadero Street Capital Management, an estimated $195K added.
- The largest Purple Innovation seller in Q2 2024 was No Street GP LP, an estimated $363K sold.
Based on aggregated 13F filings for Q2 2024.