Purple Innovation
PRPL
118 hedge funds and large institutions have $395M invested in Purple Innovation in 2022 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 39 increasing their positions, 28 reducing their positions, and 21 closing their positions.
51% more call options, than puts
Call options by funds: $2.35M | Put options by funds: $1.56M
39% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 28
33% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 21
15% more capital invested
Capital invested by funds: $343M → $395M (+$51.9M)
4% more funds holding
Funds holding: 113 → 118 (+5)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.47% less ownership
Funds ownership: 4.09% → 3.62% (-0.47%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$4.63M |
| 2 |
MHP
Manatuck Hill Partners
Westport,
Connecticut
|
+$2.19M |
| 3 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$1.69M |
| 4 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$1.52M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$7.86M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$3.5M |
| 3 |
NSGL
No Street GP LP
San Francisco,
California
|
-$2.62M |
| 4 |
SIC
Schwartz Investment Counsel
Plymouth,
Michigan
|
-$1.8M |
| 5 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
-$1.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ZA
126
Zazove Associates
Incline Village,
Nevada
| – | -$305K | -3,008 | Closed |
|
|
MAM
127
Monaco Asset Management
Monaco
| – | -$273K | -2,700 | Closed |
|
|
ICM
128
Ionic Capital Management
New York
| – | -$247K | -2,436 | Closed |
|
|
E
129
Ergoteles
New York
| – | -$160K | -1,576 | Closed |
|
130
William Blair & Company
Chicago,
Illinois
| – | -$103K | -1,020 | Closed |
|
|
KAS
131
Kestra Advisory Services
Austin,
Texas
| – | -$71K | -697 | Closed |
|
132
Ensign Peak Advisors
Salt Lake City,
Utah
| – | -$29K | -289 | Closed |
|
|
PCM
133
PenderFund Capital Management
Vancouver,
British Columbia, Canada
| – | -$28K | -200 | Closed |
|
|
SOW
134
State of Wyoming
Cheyenne,
Wyoming
| – | -$18K | -181 | Closed |
|
135
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$18K | -88 | Closed |
|
|
DFCM
136
Dark Forest Capital Management
San Juan,
Puerto Rico
| – | -$8K | -74 | Closed |
|
PRPL Hedge Fund Activity: Q4 2022 in Review
118 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Purple Innovation (PRPL) for Q4 2022, worth a combined $395M — up 15% from $343M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new PRPL positions and 21 closed out — a net gain of 7 holders — while 39 added to existing stakes and 28 trimmed.
The largest buyer was Wasatch Advisors, opening a new position worth an estimated $4.63M. The largest seller was Federated Hermes, exiting entirely with an estimated $7.86M sold.
- 118 institutional investors held Purple Innovation (PRPL) as of Q4 2022, up from 113 in Q3 2022.
- Funds reported $395M of Purple Innovation stock for Q4 2022, up 15% quarter-over-quarter.
- 28 funds opened new Purple Innovation positions in Q4 2022 and 21 closed out, a net change of +7 holders.
- The largest Purple Innovation buyer in Q4 2022 was Wasatch Advisors, an estimated $4.63M added.
- The largest Purple Innovation seller in Q4 2022 was Federated Hermes, an estimated $7.86M sold.
Based on aggregated 13F filings for Q4 2022.