Purple Innovation
PRPL
12 hedge funds and large institutions have $49.6M invested in Purple Innovation in 2018 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 0 increasing their positions, 1 reducing their positions, and 16 closing their positions.
29% less funds holding
Funds holding: 17 → 12 (-5)
30.84% less ownership
Funds ownership: 68.57% → 37.73% (-31%)
31% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 16
55% less capital invested
Capital invested by funds: $110M → $49.6M (-$60.2M)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Coliseum Capital Management
Rowayton,
Connecticut
|
+$54.9M |
| 2 |
RA
Royce & Associates
New York
|
+$2.59M |
| 3 |
AA
Ancient Art
Austin,
Texas
|
+$2.19M |
| 4 |
PCR
Potrero Capital Research
San Francisco,
California
|
+$1.34M |
| 5 |
MCP
Moab Capital Partners
Southampton,
New York
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$16M |
| 2 |
DKCM
Davidson Kempner Capital Management
New York
|
-$14.3M |
| 3 |
HCM
Highbridge Capital Management
New York
|
-$13.5M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$12.1M |
| 5 |
ACPU
Arrowgrass Capital Partners (US)
Dover,
Delaware
|
-$9.69M |
PRPL Hedge Fund Activity: Q1 2018 in Review
12 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Purple Innovation (PRPL) for Q1 2018, worth a combined $49.6M — down 55% from $110M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of PRPL and 11 opened new positions — a net loss of 5 holders — while 1 trimmed existing stakes and 0 added.
The largest buyer was Coliseum Capital Management, opening a new position worth an estimated $54.9M. The largest seller was Polar Asset Management Partners, exiting entirely with an estimated $16M sold.
- 12 institutional investors held Purple Innovation (PRPL) as of Q1 2018, down from 17 in Q4 2017.
- Funds reported $49.6M of Purple Innovation stock for Q1 2018, down 55% quarter-over-quarter.
- 11 funds opened new Purple Innovation positions in Q1 2018 and 16 closed out, a net change of -5 holders.
- The largest Purple Innovation buyer in Q1 2018 was Coliseum Capital Management, an estimated $54.9M added.
- The largest Purple Innovation seller in Q1 2018 was Polar Asset Management Partners, an estimated $16M sold.
Based on aggregated 13F filings for Q1 2018.