Purple Innovation
PRPL
141 hedge funds and large institutions have $536M invested in Purple Innovation in 2022 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 45 increasing their positions, 36 reducing their positions, and 35 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 36
14% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 35
4% more funds holding
Funds holding: 136 → 141 (+5)
0.03% more ownership
Funds ownership: 4.51% → 4.54% (+0.03%)
2% less call options, than puts
Call options by funds: $3.85M | Put options by funds: $3.92M
46% less capital invested
Capital invested by funds: $995M → $536M (-$459M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Coliseum Capital Management
Rowayton,
Connecticut
|
+$111M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$27.4M |
| 3 |
NSGL
No Street GP LP
San Francisco,
California
|
+$23.8M |
| 4 |
RC
RBF Capital
San Francisco,
California
|
+$13.6M |
| 5 |
Janus Henderson Group
London,
|
+$10.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$29.8M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$25.9M |
| 3 |
ClearBridge Investments
New York
|
-$23.8M |
| 4 |
WCM
Woodson Capital Management
Greenwich,
Connecticut
|
-$23.2M |
| 5 |
CI Investments Inc
Toronto,
Ontario, Canada
|
-$11.4M |
PRPL Hedge Fund Activity: Q1 2022 in Review
141 of the 6,360 institutional investors tracked by Wall St. Rank reported a position in Purple Innovation (PRPL) for Q1 2022, worth a combined $536M — down 46% from $995M a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new PRPL positions and 35 closed out — a net gain of 5 holders — while 45 added to existing stakes and 36 trimmed.
The largest buyer was Coliseum Capital Management, adding an estimated $111M. The largest seller was Wasatch Advisors, cutting an estimated $29.8M.
- 141 institutional investors held Purple Innovation (PRPL) as of Q1 2022, up from 136 in Q4 2021.
- Funds reported $536M of Purple Innovation stock for Q1 2022, down 46% quarter-over-quarter.
- 40 funds opened new Purple Innovation positions in Q1 2022 and 35 closed out, a net change of +5 holders.
- The largest Purple Innovation buyer in Q1 2022 was Coliseum Capital Management, an estimated $111M added.
- The largest Purple Innovation seller in Q1 2022 was Wasatch Advisors, an estimated $29.8M sold.
Based on aggregated 13F filings for Q1 2022.