Purple Innovation
PRPL
146 hedge funds and large institutions have $1.38B invested in Purple Innovation in 2020 Q3 according to their latest regulatory filings, with 57 funds opening new positions, 51 increasing their positions, 28 reducing their positions, and 27 closing their positions.
150% more funds holding in top 10
Funds holding in top 10: 4 → 10 (+6)
120% more capital invested
Capital invested by funds: $626M → $1.38B (+$750M)
111% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 27
82% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 28
30% more call options, than puts
Call options by funds: $28.8M | Put options by funds: $22.2M
26% more funds holding
Funds holding: 116 → 146 (+30)
1.76% less ownership
Funds ownership: 5.89% → 4.13% (-1.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$70.9M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$59.4M |
| 3 |
LSCM
Light Street Capital Management
Palo Alto,
California
|
+$54.3M |
| 4 |
WCM
Woodson Capital Management
Greenwich,
Connecticut
|
+$34M |
| 5 |
BAMCO Inc
New York
|
+$26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIC
AWM Investment Company
New York
|
-$9.6M |
| 2 |
RRCP
Rip Road Capital Partners
Boston,
Massachusetts
|
-$5.81M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$5.38M |
| 4 |
Renaissance Technologies
New York
|
-$5.29M |
| 5 |
JGC
J. Goldman & Co
New York
|
-$4.93M |
PRPL Hedge Fund Activity: Q3 2020 in Review
146 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Purple Innovation (PRPL) for Q3 2020, worth a combined $1.38B — up 120% from $626M a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new PRPL positions and 27 closed out — a net gain of 30 holders — while 51 added to existing stakes and 28 trimmed.
The largest buyer was Wasatch Advisors, adding an estimated $70.9M. The largest seller was AWM Investment Company, exiting entirely with an estimated $9.6M sold.
- 146 institutional investors held Purple Innovation (PRPL) as of Q3 2020, up from 116 in Q2 2020.
- Funds reported $1.38B of Purple Innovation stock for Q3 2020, up 120% quarter-over-quarter.
- 57 funds opened new Purple Innovation positions in Q3 2020 and 27 closed out, a net change of +30 holders.
- The largest Purple Innovation buyer in Q3 2020 was Wasatch Advisors, an estimated $70.9M added.
- The largest Purple Innovation seller in Q3 2020 was AWM Investment Company, an estimated $9.6M sold.
Based on aggregated 13F filings for Q3 2020.