PORCH GROUP INC PRCH
COM · Common Stock · CUSIP 733245104
American software company
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.8m this quarter). Holder counts are more reliable. Shares outstanding: 122.6m as of 2025-08-01, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $11.79. Options: 15 managers hold calls ($17.2m notional), 11 hold puts ($10.7m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 125 |
| Q4 2022 | 112 |
| Q1 2023 | 100 |
| Q2 2023 | 96 |
| Q3 2023 | 77 |
| Q4 2023 | 96 |
| Q1 2024 | 117 |
| Q2 2024 | 113 |
| Q3 2024 | 100 |
| Q4 2024 | 125 |
| Q1 2025 | 147 |
| Q2 2025 | 156 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 25 | 61 |
| Q4 2023 | 59 | 31 |
| Q1 2024 | 64 | 42 |
| Q2 2024 | 59 | 64 |
| Q3 2024 | 47 | 57 |
| Q4 2024 | 81 | 40 |
| Q1 2025 | 86 | 53 |
| Q2 2025 | 95 | 71 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $278.8k | $635.8k | 2.28 |
| Q4 2024 | $2.7m | $1.2m | 0.42 |
| Q1 2025 | $5.8m | $1.3m | 0.22 |
| Q2 2025 | $17.2m | $10.7m | 0.62 |
Biggest buyers
| Divisadero Street Capital Management, LP | New | +2.4m |
| Park West Asset Management LLC | New | +1.9m |
| HENNESSY ADVISORS INC | New | +1.7m |
| MARSHALL WACE, LLP | Added | +1.2m |
| VANGUARD GROUP INC | Added | +1.0m |
| MORGAN STANLEY | Added | +1.0m |
| CITADEL ADVISORS LLC | Added | +876.3k |
| GILDER GAGNON HOWE & CO LLC | Added | +719.4k |
| Zweig-DiMenna Associates LLC | Added | +652.5k |
| Nuveen, LLC | Added | +605.7k |
Biggest sellers
| Invesco Ltd. | Reduced | -2.2m |
| Monashee Investment Management LLC | Sold out | -1.6m |
| Pathstone Holdings, LLC | Reduced | -959.8k |
| Portolan Capital Management, LLC | Reduced | -849.4k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -628.3k |
| BANK OF AMERICA CORP /DE/ | Reduced | -521.3k |
| Jefferies Financial Group Inc. | Reduced | -500.0k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -427.1k |
| TUDOR INVESTMENT CORP ET AL | Reduced | -410.7k |
| HARBOR CAPITAL ADVISORS, INC. | Reduced | -210.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.6m562.6k shares |
| Park West Asset Management LLC | New | $1.8m150.0k shares |
| SIMPLEX TRADING, LLC | Added | $1.5m126.5k shares |
| BNP PARIBAS FINANCIAL MARKETS | New | $1.4m1.2k shares |
| SILVERBACK ASSET MANAGEMENT LLC | New | $1.2m100.0k shares |
| CITADEL ADVISORS LLC | Reduced | $1.1m91.6k shares |
| WOLVERINE TRADING, LLC | Added | $993.1k84.3k shares |
| JANE STREET GROUP, LLC | Reduced | $815.9k69.2k shares |
| GROUP ONE TRADING LLC | Added | $696.8k59.1k shares |
| Belvedere Trading LLC | Unchanged | $307.7k26.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.3m368.1k shares |
| CITADEL ADVISORS LLC | Added | $1.8m149.6k shares |
| NOMURA HOLDINGS INC | New | $1.5m124.5k shares |
| WELLS FARGO & COMPANY/MN | New | $1.3m107.6k shares |
| GROUP ONE TRADING LLC | Added | $742.8k63.0k shares |
| SIMPLEX TRADING, LLC | Added | $431.0k36.6k shares |
| Cubist Systematic Strategies, LLC | New | $312.4k26.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $163.7k13.9k shares |
| Walleye Capital LLC | New | $132.0k11.2k shares |
| Walleye Trading LLC | New | $109.6k9.3k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
Ehrlichman Matt
13D · may seek influence
-0.8 pts · filed 2026-05-27
Stated purposeOther than as previously reported or reported below, Mr. Ehrlichman does not have any plan or proposal that would relate to or would results in (a) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Issuer or of any of its subsidiaries; (d) any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) any material change in the present capitalization or dividend policy of the Issuer; (f) … Full filing |
21.0% |
| Granahan Investment Management, LLC 13G · institution +1.8 pts · filed 2025-12-05 | 11.0% |
| BlackRock, Inc. 13G · institution +2.0 pts · filed 2026-07-29 | 7.2% |
Fell to 5% or below in the last year: Park West Asset Management LLC (4.8%, 2026-06-16), VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 1 | $1.8m | 0 | — | — |
| Q4 2023 | 3 | $68.3k | 0 | — | — |
| Q1 2024 | 0 | — | 1 | $296.4k | $296.4k |
| Q2 2024 | 0 | — | 1 | $30.3k | $30.3k |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 1 | $224.6k | $224.6k |
| Q1 2025 | 0 | — | 2 | $1.5m | $1.5m |
| Q2 2025 | 0 | — | 4 | $4.9m | $4.9m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-13 | Lam Rachel Director | Sold plan | $268.8k25.0k shares |
| 2025-06-12 | Pickerill Alan R Director | Sold plan | $450.4k40.0k shares |
| 2025-06-12 | Tabak Shawn CHIEF FINANCIAL OFFICER | Sold plan | $336.9k30.0k shares |
| 2025-05-27 | Neagle Matthew Chief Operating Officer | Sold plan | $596.4k60.0k shares |
| 2025-05-19 | Neagle Matthew Chief Operating Officer | Sold plan | $631.8k60.0k shares |
| 2025-05-12 | Neagle Matthew Chief Operating Officer | Sold plan | $2.6m250.0k shares |
| 2025-04-15 | Tabak Shawn CHIEF FINANCIAL OFFICER | Sold plan | $53.4k10.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| Granahan Investment Management, LLC 5.58% of their portfolio | 11.6m $137.1m | Reduced -96.8k |
| VANGUARD GROUP INC 0.00% of their portfolio | 6.9m $81.0m | Added +1.0m |
| BlackRock, Inc. 0.00% of their portfolio | 6.4m $75.4m | Added +167.7k |
| MARSHALL WACE, LLP 0.05% of their portfolio | 3.3m $39.4m | Added +1.2m |
| Driehaus Capital Management LLC 0.30% of their portfolio | 3.2m $37.6m | Reduced -19.5k |
| GILDER GAGNON HOWE & CO LLC 0.31% of their portfolio | 2.5m $29.0m | Added +719.4k |
| Divisadero Street Capital Management, LP 1.93% of their portfolio | 2.4m $28.8m | New |
| Portolan Capital Management, LLC 1.81% of their portfolio | 2.4m $28.8m | Reduced -849.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.2m $25.4m | Added +48.8k |
| STATE STREET CORP 0.00% of their portfolio | 2.1m $24.4m | Reduced -185.8k |
| Park West Asset Management LLC 1.73% of their portfolio | 1.9m $22.7m | New |
| HENNESSY ADVISORS INC 0.65% of their portfolio | 1.7m $19.6m | New |
| MORGAN STANLEY 0.00% of their portfolio | 1.6m $18.7m | Added +1.0m |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 1.5m $17.9m | Added +876.3k |
| G2 Investment Partners Management LLC 3.18% of their portfolio | 1.2m $14.5m | Added +271.6k |
| ACADIAN ASSET MANAGEMENT LLC 0.03% of their portfolio | 1.2m $14.1m | Reduced -427.1k |
| HARBOR CAPITAL ADVISORS, INC. 0.55% of their portfolio | 1.1m $13.1m | Reduced -210.3k |
| Nuveen, LLC 0.00% of their portfolio | 1.1m $12.8m | Added +605.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 1.0m $12.3m | Reduced -628.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.0m $12.1m | Reduced -132.8k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 938.8k $11.1m | Added +540.6k |
| Zweig-DiMenna Associates LLC 1.06% of their portfolio | 872.5k $10.3m | Added +652.5k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 761.1k $9.0m | Added +509.8k |
| Invesco Ltd. 0.00% of their portfolio | 692.0k $8.2m | Reduced -2.2m |
| NORTHERN TRUST CORP 0.00% of their portfolio | 654.6k $7.7m | Reduced -66.6k |
| MOODY NATIONAL BANK TRUST DIVISION 0.65% of their portfolio | 606.0k $7.1m | Added +57.1k |
| Informed Momentum Co LLC 0.97% of their portfolio | 543.1k $6.4m | Reduced -60.8k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 522.1k $6.2m | Added +108.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 462.8k $5.5m | Added +195.3k |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 429.0k $5.1m | Added +317.6k |
| UBS Group AG 0.00% of their portfolio | 410.1k $4.8m | Added +361.7k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 402.0k $4.7m | Reduced -48.9k |
| Jefferies Financial Group Inc. 0.07% of their portfolio | 340.4k $4.0m | Reduced -500.0k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 339.3k $4.0m | Added +112.5k |
| Schneider Downs Wealth Management Advisors, LP 0.49% of their portfolio | 276.7k $3.3m | Reduced -6.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 257.5k $3.0m | Added +26.4k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 251.9k $3.0m | Added +33.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 251.4k $3.0m | Added +120.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 244.4k $2.9m | Reduced -85.0k |
| Alpha Wave Global, LP 0.30% of their portfolio | 237.9k $2.8m | Added +82.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 232.2k $2.7m | Added +64.6k |
| HRT FINANCIAL LP 0.01% of their portfolio | 231.5k $2.7m | New |
| BOOTHBAY FUND MANAGEMENT, LLC 0.08% of their portfolio | 231.4k $2.7m | Added +56.3k |
| Viewpoint Capital Management LLC 1.21% of their portfolio | 208.4k $2.5m | Added +3.5k |
| CITIZENS FINANCIAL GROUP INC/RI 0.04% of their portfolio | 202.8k $2.4m | Reduced -42.2k |
| NATIXIS 0.01% of their portfolio | 202.0k $2.4m | New |
| FMR LLC 0.00% of their portfolio | 184.5k $2.2m | Added +173.2k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 183.2k $2.2m | Reduced -44.8k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.03% of their portfolio | 173.3k $2.0m | Reduced -46.8k |
| BARCLAYS PLC 0.00% of their portfolio | 168.9k $2.0m | Added +54.8k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 157.3k $1.9m | New |
| PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio | 155.5k $1.8m | Added +94.3k |
| POLEN CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 135.0k $1.6m | New |
| BANTAMAC CAPITAL, LLC 0.57% of their portfolio | 135.0k $1.6m | Added +106.4k |
| Verition Fund Management LLC 0.01% of their portfolio | 134.7k $1.6m | New |
| Trexquant Investment LP 0.02% of their portfolio | 133.2k $1.6m | New |
| D.A. DAVIDSON & CO. 0.01% of their portfolio | 129.4k $1.5m | Reduced -34.2k |
| Squarepoint Ops LLC 0.00% of their portfolio | 124.7k $1.5m | Added +68.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 117.8k $1.4m | Added +18.3k |
| AE Wealth Management LLC 0.01% of their portfolio | 113.3k $1.3m | Reduced -192.4k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.00% of their portfolio | 112.5k $1.3m | Reduced -45.1k |
| Werba Rubin Papier Wealth Management 0.24% of their portfolio | 109.3k $1.3m | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 108.8k $1.3m | Added +100.4k |
| BRIGHTON JONES LLC 0.03% of their portfolio | 99.8k $1.2m | Added +141 |
| Clarius Group, LLC 0.06% of their portfolio | 88.9k $1.0m | Unchanged |
| Progeny 3, Inc. 0.06% of their portfolio | 83.7k $986.9k | Added +4.7k |
| CITIGROUP INC 0.00% of their portfolio | 83.7k $986.6k | Added +19.5k |
| Calamos Advisors LLC 0.00% of their portfolio | 83.3k $982.1k | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 81.5k $960.7k | Reduced -48.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 80.7k $950.9k | Reduced -521.3k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 79.2k $933.9k | Added +23.6k |
| STEPHENS INC /AR/ 0.01% of their portfolio | 59.7k $704.3k | Added +24.0k |
| OMERS ADMINISTRATION Corp 0.01% of their portfolio | 59.0k $695.6k | Reduced -67.6k |
| Graham Capital Management, L.P. 0.02% of their portfolio | 57.1k $672.7k | New |
| Harvest Investment Services, LLC 0.15% of their portfolio | 55.5k $653.9k | New |
| EMERALD MUTUAL FUND ADVISERS TRUST 0.04% of their portfolio | 54.9k $647.3k | Reduced -17.6k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 53.2k $626.7k | Added +9.3k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 52.8k $622.0k | Reduced -8.7k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 51.3k $605.0k | Reduced -2.5k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 48.9k $576.4k | Unchanged |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 45.7k $539.0k | Reduced -2.6k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.02% of their portfolio | 43.2k $509.5k | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 40.1k $474.0k | Added +5.9k |
| LPL Financial LLC 0.00% of their portfolio | 39.1k $461.2k | Reduced -4.8k |
| JOHNSON INVESTMENT COUNSEL INC 0.00% of their portfolio | 36.0k $424.9k | Reduced -8.0k |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 34.3k $404.8k | Reduced -12.6k |
| ALGERT GLOBAL LLC 0.01% of their portfolio | 32.3k $380.5k | New |
| Pathstone Holdings, LLC 0.00% of their portfolio | 32.1k $378.9k | Reduced -959.8k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 31.7k $374.3k | Reduced -115.0k |
| Tower Research Capital LLC (TRC) 0.01% of their portfolio | 31.6k $372.4k | Added +22.2k |
| Mirador Capital Partners LP 0.06% of their portfolio | 31.3k $368.7k | Reduced -79 |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 29.9k $352.3k | Reduced -2.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 29.7k $349.7k | Added +1.1k |
| Susquehanna Portfolio Strategies, LLC 0.01% of their portfolio | 28.0k $330.4k | New |
| Walleye Capital LLC 0.00% of their portfolio | 26.6k $313.9k | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 25.5k $300.6k | Added +9.0k |
| SG Americas Securities, LLC 0.00% of their portfolio | 23.9k $282.0k | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 22.1k $261.0k | Reduced -21.0k |
| WINTON GROUP Ltd 0.01% of their portfolio | 21.5k $253.3k | New |
| WOLVERINE TRADING, LLC 0.01% of their portfolio | 21.0k $246.8k | Added +548 |