Purple Innovation
PRPL
19 hedge funds and large institutions have $114M invested in Purple Innovation in 2017 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 7 reducing their positions, and 6 closing their positions.
0.03% more ownership
Funds ownership: 2.82% → 2.85% (+0.03%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
10% less funds holding
Funds holding: 21 → 19 (-2)
16% less capital invested
Capital invested by funds: $136M → $114M (-$21.9M)
29% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 7
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highbridge Capital Management
New York
|
+$13.5M |
| 2 |
ACPU
Arrowgrass Capital Partners (US)
Dover,
Delaware
|
+$4.52M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$3.31M |
| 4 |
AFS
Amtrust Financial Services
New York
|
+$3.01M |
| 5 |
DKCM
Davidson Kempner Capital Management
New York
|
+$2.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
Assured Investment Management
New York
|
-$12.9M |
| 2 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$9.97M |
| 3 |
FTCM
Fir Tree Capital Management
New York
|
-$6.96M |
| 4 |
CCA
Castle Creek Arbitrage
Avon,
Colorado
|
-$5.97M |
| 5 |
Capstone Investment Advisors
New York
|
-$3.85M |
PRPL Hedge Fund Activity: Q3 2017 in Review
19 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Purple Innovation (PRPL) for Q3 2017, worth a combined $114M — down 16% from $136M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PRPL and 4 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 5 added.
The largest buyer was Highbridge Capital Management, opening a new position worth an estimated $13.5M. The largest seller was Assured Investment Management, exiting entirely with an estimated $12.9M sold.
- 19 institutional investors held Purple Innovation (PRPL) as of Q3 2017, down from 21 in Q2 2017.
- Funds reported $114M of Purple Innovation stock for Q3 2017, down 16% quarter-over-quarter.
- 4 funds opened new Purple Innovation positions in Q3 2017 and 6 closed out, a net change of -2 holders.
- The largest Purple Innovation buyer in Q3 2017 was Highbridge Capital Management, an estimated $13.5M added.
- The largest Purple Innovation seller in Q3 2017 was Assured Investment Management, an estimated $12.9M sold.
Based on aggregated 13F filings for Q3 2017.