Purple Innovation
PRPL
19 hedge funds and large institutions have $134M invested in Purple Innovation in 2017 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 3 closing their positions.
721% more capital inflows, than outflows
Capital inflows: $58.3M | Capital outflows: $7.1M
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
26.26% more ownership
Funds ownership: 42.65% → 68.91% (+26%)
6% more funds holding
Funds holding: 18 → 19 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$12.9M |
| 2 |
Assured Investment Management
New York
|
+$12M |
| 3 |
Davidson Kempner Capital Management
New York
|
+$12M |
| 4 |
CCA
Castle Creek Arbitrage
Avon,
Colorado
|
+$6.02M |
| 5 |
VOAM
Vertex One Asset Management
Vancouver,
British Columbia, Canada
|
+$4.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hutchin Hill Capital
New York
|
-$5.71M |
| 2 |
Karpus Investment Management
Pittsford,
New York
|
-$1.14M |
| 3 |
W.R. Berkley Corp
Greenwich,
Connecticut
|
-$174K |
| 4 |
Rotation Capital Management
New York
|
-$52.1K |
| 5 |
Oxford Asset Management
Oxford,
United Kingdom
|
-$12K |
PRPL Hedge Fund Activity: Q1 2017 in Review
19 of the 4,035 institutional investors tracked by Wall St. Rank reported a position in Purple Innovation (PRPL) for Q1 2017, worth a combined $134M — up 62% from $82.3M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new PRPL positions and 3 closed out — a net gain of 1 holder — while 7 added to existing stakes and 4 trimmed.
The largest buyer was TD Asset Management, opening a new position worth an estimated $12.9M. The largest seller was Hutchin Hill Capital, exiting entirely with an estimated $5.71M sold.
- 19 institutional investors held Purple Innovation (PRPL) as of Q1 2017, up from 18 in Q4 2016.
- Funds reported $134M of Purple Innovation stock for Q1 2017, up 62% quarter-over-quarter.
- 4 funds opened new Purple Innovation positions in Q1 2017 and 3 closed out, a net change of +1 holder.
- The largest Purple Innovation buyer in Q1 2017 was TD Asset Management, an estimated $12.9M added.
- The largest Purple Innovation seller in Q1 2017 was Hutchin Hill Capital, an estimated $5.71M sold.
Based on aggregated 13F filings for Q1 2017.