Purple Innovation
PRPL
113 hedge funds and large institutions have $343M invested in Purple Innovation in 2022 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 31 increasing their positions, 42 reducing their positions, and 20 closing their positions.
85% more call options, than puts
Call options by funds: $3.04M | Put options by funds: $1.65M
19% more capital invested
Capital invested by funds: $289M → $343M (+$54.3M)
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: 20 | Existing positions closed: 20
0.43% less ownership
Funds ownership: 4.52% → 4.09% (-0.43%)
1% less funds holding
Funds holding: 114 → 113 (-1)
26% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 42
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Freshford Capital Management
Rye Brook,
New York
|
+$6.11M |
| 2 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$3.11M |
| 3 |
NSGL
No Street GP LP
San Francisco,
California
|
+$1.22M |
| 4 |
JGC
J. Goldman & Co
New York
|
+$857K |
| 5 |
LCM
Lynwood Capital Management
Toronto,
Ontario, Canada
|
+$556K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$12.9M |
| 2 |
SIC
Schwartz Investment Counsel
Plymouth,
Michigan
|
-$7.05M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$4.22M |
| 4 |
RC
RBF Capital
San Francisco,
California
|
-$4.1M |
| 5 |
BCP
Bayberry Capital Partners
New York
|
-$3.12M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
S
126
SignatureFD
Atlanta,
Georgia
| – | -$1K | -8 | Closed |
|
127
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$1K | -7 | Closed |
|
128
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$521 | -6 | -86% |
|
|
RIM
129
Rockbridge Investment Management
Syracuse,
New York
| – | -$306 | -4 | Closed |
|
|
BTI
130
Blue Trust Inc
Alpharetta,
Georgia
| – | +$174 | +2 | New |
|
PRPL Hedge Fund Activity: Q3 2022 in Review
113 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Purple Innovation (PRPL) for Q3 2022, worth a combined $343M — up 19% from $289M a quarter earlier.
Fund positioning in PRPL was balanced in Q3 2022: 20 funds opened new positions, 20 closed out, 31 added to existing stakes and 42 trimmed.
The largest buyer was Freshford Capital Management, adding an estimated $6.11M. The largest seller was Van Berkom & Associates, exiting entirely with an estimated $12.9M sold.
- 113 institutional investors held Purple Innovation (PRPL) as of Q3 2022, down from 114 in Q2 2022.
- Funds reported $343M of Purple Innovation stock for Q3 2022, up 19% quarter-over-quarter.
- 20 funds opened new Purple Innovation positions in Q3 2022 and 20 closed out, a net change of 0 holders.
- The largest Purple Innovation buyer in Q3 2022 was Freshford Capital Management, an estimated $6.11M added.
- The largest Purple Innovation seller in Q3 2022 was Van Berkom & Associates, an estimated $12.9M sold.
Based on aggregated 13F filings for Q3 2022.