Purple Innovation
PRPL
98 hedge funds and large institutions have $161M invested in Purple Innovation in 2023 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 19 increasing their positions, 40 reducing their positions, and 18 closing their positions.
168% more call options, than puts
Call options by funds: $271K | Put options by funds: $101K
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.14% less ownership
Funds ownership: 3.73% → 3.59% (-0.14%)
10% less funds holding
Funds holding: 109 → 98 (-11)
41% less capital invested
Capital invested by funds: $272M → $161M (-$111M)
53% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 40
61% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
F1I
Fund 1 Investments
Rincon,
Puerto Rico
|
+$2.97M |
| 2 |
Millennium Management
New York
|
+$2.04M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$995K |
| 4 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$829K |
| 5 |
IAM
Innovis Asset Management
Chicago,
Illinois
|
+$549K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$4.31M |
| 2 |
BlackRock
New York
|
-$1.27M |
| 3 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$1.26M |
| 4 |
JGC
J. Goldman & Co
New York
|
-$1.25M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.21M |
PRPL Hedge Fund Activity: Q3 2023 in Review
98 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Purple Innovation (PRPL) for Q3 2023, worth a combined $161M — down 41% from $272M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of PRPL and 7 opened new positions — a net loss of 11 holders — while 40 trimmed existing stakes and 19 added.
The largest buyer was Fund 1 Investments, adding an estimated $2.97M. The largest seller was Brandywine Global Investment Management, cutting an estimated $4.31M.
- 98 institutional investors held Purple Innovation (PRPL) as of Q3 2023, down from 109 in Q2 2023.
- Funds reported $161M of Purple Innovation stock for Q3 2023, down 41% quarter-over-quarter.
- 7 funds opened new Purple Innovation positions in Q3 2023 and 18 closed out, a net change of -11 holders.
- The largest Purple Innovation buyer in Q3 2023 was Fund 1 Investments, an estimated $2.97M added.
- The largest Purple Innovation seller in Q3 2023 was Brandywine Global Investment Management, an estimated $4.31M sold.
Based on aggregated 13F filings for Q3 2023.