Peloton Interactive
PTON
405 hedge funds and large institutions have $2.2B invested in Peloton Interactive in 2023 Q2 according to their latest regulatory filings, with 53 funds opening new positions, 115 increasing their positions, 118 reducing their positions, and 55 closing their positions.
67% more call options, than puts
Call options by funds: $255M | Put options by funds: $152M
3% less repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 118
4% less first-time investments, than exits
New positions opened: 53 | Existing positions closed: 55
1% less funds holding
Funds holding: 411 → 405 (-6)
3.96% less ownership
Funds ownership: 88.95% → 84.99% (-4%)
20% less capital inflows, than outflows
Capital inflows: $350M | Capital outflows: $439M
33% less funds holding in top 10
Funds holding in top 10: 9 → 6 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$48.9M |
| 2 |
Dragoneer Investment Group
San Francisco,
California
|
+$41.2M |
| 3 |
Patient Capital Management
Baltimore,
Maryland
|
+$21.1M |
| 4 |
Camber Capital Management
Boston,
Massachusetts
|
+$19.1M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
+$18.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$166M |
| 2 |
DCP
Darsana Capital Partners
New York
|
-$56.7M |
| 3 |
Alkeon Capital Management
New York
|
-$40M |
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$23.7M |
| 5 |
Miller Value Partners
Sarasota,
Florida
|
-$21M |
PTON Hedge Fund Activity: Q2 2023 in Review
405 of the 6,389 institutional investors tracked by Wall St. Rank reported a position in Peloton Interactive (PTON) for Q2 2023, worth a combined $2.2B — down 33% from $3.31B a quarter earlier.
Sellers outnumbered buyers: 55 funds closed out of PTON and 53 opened new positions — a net loss of 2 holders — while 118 trimmed existing stakes and 115 added.
The largest buyer was Fidelity Investments, adding an estimated $48.9M. The largest seller was T. Rowe Price Associates, cutting an estimated $166M.
- 405 institutional investors held Peloton Interactive (PTON) as of Q2 2023, down from 411 in Q1 2023.
- Funds reported $2.2B of Peloton Interactive stock for Q2 2023, down 33% quarter-over-quarter.
- 53 funds opened new Peloton Interactive positions in Q2 2023 and 55 closed out, a net change of -2 holders.
- The largest Peloton Interactive buyer in Q2 2023 was Fidelity Investments, an estimated $48.9M added.
- The largest Peloton Interactive seller in Q2 2023 was T. Rowe Price Associates, an estimated $166M sold.
Based on aggregated 13F filings for Q2 2023.