Purple Innovation
PRPL
160 hedge funds and large institutions have $2.05B invested in Purple Innovation in 2020 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 42 increasing their positions, 60 reducing their positions, and 31 closing their positions.
178% more call options, than puts
Call options by funds: $45.7M | Put options by funds: $16.4M
52% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 31
51% more capital invested
Capital invested by funds: $1.36B → $2.05B (+$694M)
10% more funds holding
Funds holding: 146 → 160 (+14)
0% more funds holding in top 10
Funds holding in top 10: 10 → 10 (0)
0.23% less ownership
Funds ownership: 4.13% → 3.9% (-0.23%)
30% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 60
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$154M |
| 2 |
CCM
Coliseum Capital Management
Rowayton,
Connecticut
|
+$102M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$39.5M |
| 4 |
BTP
Bloom Tree Partners
New York
|
+$27.4M |
| 5 |
LSCM
Light Street Capital Management
Palo Alto,
California
|
+$22.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Woodson Capital Management
Greenwich,
Connecticut
|
-$58.3M |
| 2 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$57.8M |
| 3 |
KCM
Kingdon Capital Management
New York
|
-$19.6M |
| 4 |
SAM
Scopus Asset Management
New York
|
-$19M |
| 5 |
SCM
SG Capital Management
Chicago,
Illinois
|
-$13.2M |
PRPL Hedge Fund Activity: Q4 2020 in Review
160 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Purple Innovation (PRPL) for Q4 2020, worth a combined $2.05B — up 51% from $1.36B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new PRPL positions and 31 closed out — a net gain of 16 holders — while 42 added to existing stakes and 60 trimmed.
The largest buyer was Fidelity Investments, opening a new position worth an estimated $154M. The largest seller was Woodson Capital Management, cutting an estimated $58.3M.
- 160 institutional investors held Purple Innovation (PRPL) as of Q4 2020, up from 146 in Q3 2020.
- Funds reported $2.05B of Purple Innovation stock for Q4 2020, up 51% quarter-over-quarter.
- 47 funds opened new Purple Innovation positions in Q4 2020 and 31 closed out, a net change of +16 holders.
- The largest Purple Innovation buyer in Q4 2020 was Fidelity Investments, an estimated $154M added.
- The largest Purple Innovation seller in Q4 2020 was Woodson Capital Management, an estimated $58.3M sold.
Based on aggregated 13F filings for Q4 2020.