Purple Innovation
PRPL
160 hedge funds and large institutions have $1.74B invested in Purple Innovation in 2021 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 77 increasing their positions, 35 reducing their positions, and 32 closing their positions.
120% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 35
22% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 32
4% more funds holding
Funds holding: 154 → 160 (+6)
0.01% more ownership
Funds ownership: 3.97% → 3.98% (+0.01%)
16% less capital invested
Capital invested by funds: $2.08B → $1.74B (-$340M)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
59% less call options, than puts
Call options by funds: $17.7M | Put options by funds: $42.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
+$70M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$43M |
| 3 |
CI Investments Inc
Toronto,
Ontario, Canada
|
+$26.7M |
| 4 |
JGC
J. Goldman & Co
New York
|
+$22.5M |
| 5 |
PCM
Penserra Capital Management
Orinda,
California
|
+$20.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Coliseum Capital Management
Rowayton,
Connecticut
|
-$224M |
| 2 |
BAMCO Inc
New York
|
-$26.5M |
| 3 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$24M |
| 4 |
Goldman Sachs
New York
|
-$15.3M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$11.9M |
PRPL Hedge Fund Activity: Q2 2021 in Review
160 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Purple Innovation (PRPL) for Q2 2021, worth a combined $1.74B — down 16% from $2.08B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new PRPL positions and 32 closed out — a net gain of 7 holders — while 77 added to existing stakes and 35 trimmed.
The largest buyer was Janus Henderson Group, adding an estimated $70M. The largest seller was Coliseum Capital Management, cutting an estimated $224M.
- 160 institutional investors held Purple Innovation (PRPL) as of Q2 2021, up from 154 in Q1 2021.
- Funds reported $1.74B of Purple Innovation stock for Q2 2021, down 16% quarter-over-quarter.
- 39 funds opened new Purple Innovation positions in Q2 2021 and 32 closed out, a net change of +7 holders.
- The largest Purple Innovation buyer in Q2 2021 was Janus Henderson Group, an estimated $70M added.
- The largest Purple Innovation seller in Q2 2021 was Coliseum Capital Management, an estimated $224M sold.
Based on aggregated 13F filings for Q2 2021.