Purple Innovation
PRPL
116 hedge funds and large institutions have $626M invested in Purple Innovation in 2020 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 49 increasing their positions, 14 reducing their positions, and 10 closing their positions.
427% more capital invested
Capital invested by funds: $119M → $626M (+$507M)
390% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 10
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
250% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 14
51% more funds holding
Funds holding: 77 → 116 (+39)
2.37% more ownership
Funds ownership: 3.52% → 5.89% (+2.4%)
5% less call options, than puts
Call options by funds: $3.37M | Put options by funds: $3.55M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Coliseum Capital Management
Rowayton,
Connecticut
|
+$22.8M |
| 2 |
SAM
Scopus Asset Management
New York
|
+$14.1M |
| 3 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$13.7M |
| 4 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$11.5M |
| 5 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$10.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DIGDR
Dynamo Internacional Gestao de Recursos
Rio De Janeiro,
Brazil
|
-$2.65M |
| 2 |
WANY
Wealthspire Advisors (New York)
New York
|
-$2.37M |
| 3 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$2.22M |
| 4 |
JP Morgan Chase
New York
|
-$1.99M |
| 5 |
RRCP
Rip Road Capital Partners
Boston,
Massachusetts
|
-$1.57M |
PRPL Hedge Fund Activity: Q2 2020 in Review
116 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Purple Innovation (PRPL) for Q2 2020, worth a combined $626M — up 427% from $119M a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new PRPL positions and 10 closed out — a net gain of 39 holders — while 49 added to existing stakes and 14 trimmed.
The largest buyer was Coliseum Capital Management, adding an estimated $22.8M. The largest seller was Dynamo Internacional Gestao de Recursos, exiting entirely with an estimated $2.65M sold.
- 116 institutional investors held Purple Innovation (PRPL) as of Q2 2020, up from 77 in Q1 2020.
- Funds reported $626M of Purple Innovation stock for Q2 2020, up 427% quarter-over-quarter.
- 49 funds opened new Purple Innovation positions in Q2 2020 and 10 closed out, a net change of +39 holders.
- The largest Purple Innovation buyer in Q2 2020 was Coliseum Capital Management, an estimated $22.8M added.
- The largest Purple Innovation seller in Q2 2020 was Dynamo Internacional Gestao de Recursos, an estimated $2.65M sold.
Based on aggregated 13F filings for Q2 2020.