PURE CYCLE CORP PCYO
COM NEW · Common Stock · CUSIP 746228303
- SectorUtilities
- IndustryWater Supply
- HeadquartersWatkins, CO
- FilingsSEC EDGAR
* 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 ($17.4k this quarter). Holder counts are more reliable. Shares outstanding: 24.1m as of 2026-07-06, 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 ≈ $10.71. Options: 1 managers hold calls ($162.8k notional), 0 hold puts (—).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 99 |
| Q4 2022 | 109 |
| Q1 2023 | 103 |
| Q2 2023 | 96 |
| Q3 2023 | 100 |
| Q4 2023 | 101 |
| Q1 2024 | 105 |
| Q2 2024 | 98 |
| Q3 2024 | 102 |
| Q4 2024 | 105 |
| Q1 2025 | 98 |
| Q2 2025 | 109 |
| Q3 2025 | 101 |
| Q4 2025 | 111 |
| Q1 2026 | 116 |
| Q2 2026 | 117 |
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 2024 | 39 | 37 |
| Q4 2024 | 44 | 35 |
| Q1 2025 | 29 | 45 |
| Q2 2025 | 49 | 41 |
| Q3 2025 | 36 | 43 |
| Q4 2025 | 43 | 41 |
| Q1 2026 | 43 | 46 |
| Q2 2026 | 50 | 44 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $163.8k | $0 | 0.00 |
| Q1 2026 | $0 | $0 | — |
| Q2 2026 | $162.8k | $0 | 0.00 |
Biggest buyers
| CANNELL CAPITAL LLC | New | +314.6k |
| Peapod Lane Capital LLC | New | +186.7k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +38.8k |
| MYDA Advisors LLC | Added | +36.8k |
| AQR CAPITAL MANAGEMENT LLC | Added | +34.4k |
| BlackRock, Inc. | Added | +25.5k |
| Marquette Asset Management, LLC | New | +25.2k |
| CM WEALTH ADVISORS LLC | New | +23.1k |
| Diamond Hill Capital Management, LLC (Investment Advisor) | Added | +18.3k |
| Squarepoint Ops LLC | Added | +18.1k |
Biggest sellers
| Boston Partners | Sold out | -172.5k |
| ArrowMark Colorado Holdings LLC | Reduced | -165.6k |
| MAGNOLIA GROUP, LLC | Reduced | -119.1k |
| MARSHALL WACE, LLP | Reduced | -45.5k |
| BLAIR WILLIAM & CO/IL | Reduced | -32.3k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -21.2k |
| JANE STREET GROUP, LLC | Sold out | -20.6k |
| Lido Advisors, LLC | Sold out | -20.4k |
| SEI INVESTMENTS CO | Reduced | -18.5k |
| HEARTLAND ADVISORS INC | Reduced | -16.0k |
Biggest calls
| CITADEL ADVISORS LLC | New | $162.8k15.2k shares |
Biggest puts
| None |
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 |
|---|---|
Maran Capital Management, LLC
13D · may seek influence
no change · filed 2026-08-06
Stated purposeItem 4 is hereby amended to add the following: On August 4, 2026, Maran Capital Management, LLC, Maran Partners Fund, LP, Maran Partners GP, LLC, Maran SPV1 LP, Maran SPV GP, LLC, Plaisance SPV I, LLC and Daniel J. Roller (collectively, "Maran") delivered a letter to the Issuer nominating Daniel J. Roller, Anya Civitella, R. Rimmy Malhotra, John D. McAnnar and Ian K. Patel (the "Nominees") for election to the Issuer's board of directors (the "Board") at the Issuer's 2027 annual meeting of shareholders (the "Annual Meeting"). As described in more detail in their biographies below, the Nominees have backgrounds and skillsets spanning capital allocation, mergers and acquisitions, corporate law and governance, building products and materials, operational improvement, energy, and finance. Da… Full filing |
14.7% |
| MAGNOLIA CAPITAL FUND, LP 13G · institution filed 2026-08-14 | 7.5% |
Insider purchases and sales since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 1 | $262.0k | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 1 | $757.2k | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| MAGNOLIA GROUP, LLC 4.04% of their portfolio | 1.8m $19.2m | Reduced -119.1k |
| BlackRock, Inc. 0.00% of their portfolio | 1.4m $15.0m | Added +25.5k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 927.9k $9.9m | Added +12.1k |
| SAPIENT CAPITAL LLC 0.10% of their portfolio | 685.0k $7.3m | Reduced -3.3k |
| HEARTLAND ADVISORS INC 0.29% of their portfolio | 611.3k $6.5m | Reduced -16.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 548.2k $5.9m | Added +38.8k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 514.4k $5.5m | Reduced -10.6k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 469.0k $5.0m | Added +4.0k |
| Gem Investment Advisors, LLC 2.96% of their portfolio | 449.8k $4.8m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 446.7k $4.8m | Reduced -704 |
| FIRST WILSHIRE SECURITIES MANAGEMENT INC 0.92% of their portfolio | 418.7k $4.5m | Reduced -8.0k |
| MYDA Advisors LLC 1.03% of their portfolio | 394.6k $4.2m | Added +36.8k |
| ArrowMark Colorado Holdings LLC 0.17% of their portfolio | 385.1k $4.1m | Reduced -165.6k |
| CANNELL CAPITAL LLC 2.35% of their portfolio | 314.6k $3.4m | New |
| BARD ASSOCIATES INC 0.74% of their portfolio | 311.0k $3.3m | Reduced -2.8k |
| Curi Capital, LLC 0.05% of their portfolio | 294.0k $3.1m | Reduced -10.5k |
| EPIQ PARTNERS, LLC 1.18% of their portfolio | 259.0k $2.8m | Added +1.4k |
| MORGAN STANLEY 0.00% of their portfolio | 238.9k $2.6m | Added +16.4k |
| Peapod Lane Capital LLC 1.35% of their portfolio | 186.7k $2.0m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 164.7k $1.8m | Reduced -11.6k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 156.2k $1.7m | Added +8.5k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 132.7k $1.4m | Added +12.3k |
| Cannell & Spears LLC 0.02% of their portfolio | 114.0k $1.2m | Unchanged |
| BLAIR WILLIAM & CO/IL 0.00% of their portfolio | 113.0k $1.2m | Reduced -32.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 110.3k $1.2m | Reduced -9.9k |
| North Star Investment Management Corp. 0.05% of their portfolio | 82.0k $878.2k | Unchanged |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.01% of their portfolio | 81.4k $871.8k | Added +18.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 80.5k $862.7k | Added +3.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 79.2k $849.0k | Added +14.9k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 73.5k $786.8k | Added +34.4k |
| Ashton Thomas Private Wealth, LLC 0.02% of their portfolio | 71.1k $761.8k | Added +781 |
| CROWN ADVISORS MANAGEMENT, INC. 0.41% of their portfolio | 70.0k $749.7k | Not comparable |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 67.1k $719.0k | Added +13.7k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 63.7k $682.0k | Added +4.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 63.3k $677.6k | Reduced -21.2k |
| STRS OHIO 0.00% of their portfolio | 58.6k $627.6k | Added +10.6k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.01% of their portfolio | 50.5k $541.1k | Reduced -5 |
| Potomac Capital Management, Inc. 0.38% of their portfolio | 48.8k $522.2k | Unchanged |
| FIRST MANHATTAN CO. LLC. 0.00% of their portfolio | 47.9k $512.5k | Unchanged |
| Nuveen, LLC 0.00% of their portfolio | 42.8k $457.9k | Unchanged |
| Squarepoint Ops LLC 0.00% of their portfolio | 42.6k $455.9k | Added +18.1k |
| Avanza Fonder AB 0.01% of their portfolio | 33.6k $359.5k | Unchanged |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 32.0k $342.7k | Reduced -4.5k |
| EdgeRock Capital LLC 0.08% of their portfolio | 31.3k $335.6k | Unchanged |
| MARSHALL WACE, LLP 0.00% of their portfolio | 30.1k $321.9k | Reduced -45.5k |
| Linden Thomas Advisory Services, LLC 0.02% of their portfolio | 26.1k $279.8k | Reduced -214 |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 25.7k $275.0k | Reduced -849 |
| JOHN G ULLMAN & ASSOCIATES INC 0.03% of their portfolio | 25.3k $271.0k | Reduced -1.0k |
| Marquette Asset Management, LLC 0.03% of their portfolio | 25.2k $270.4k | New |
| Clear Harbor Asset Management, LLC 0.02% of their portfolio | 25.1k $268.4k | Reduced -4.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 24.0k $241.6k | Added +2.1k |
| CM WEALTH ADVISORS LLC 0.04% of their portfolio | 23.1k $247.2k | New |
| WEALTH EFFECTS LLC 0.06% of their portfolio | 21.0k $224.9k | Unchanged |
| SEI INVESTMENTS CO 0.00% of their portfolio | 20.0k $214.5k | Reduced -18.5k |
| Parallel Advisors, LLC 0.00% of their portfolio | 20.0k $214.2k | Added +9.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 19.4k $208.0k | Added +6.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 16.7k $178.6k | Added +8.8k |
| WHITTIER TRUST CO 0.00% of their portfolio | 15.2k $160.8k | Unchanged |
| BEACON INVESTMENT ADVISORY SERVICES, INC. 0.01% of their portfolio | 14.2k $151.7k | Unchanged |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 13.4k $143.4k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 13.3k $142.9k | Reduced -5.5k |
| Invesco Ltd. 0.00% of their portfolio | 12.8k $137.5k | New |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 12.0k $128.2k | Reduced -88 |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 11.4k $122.0k | Added +8.2k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 11.0k $118.2k | Added +4.2k |
| NorthRock Partners, LLC 0.00% of their portfolio | 11.0k $117.8k | Unchanged |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 10.6k $113.8k | Unchanged |
| HighTower Advisors, LLC 0.00% of their portfolio | 10.6k $113.2k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 9.8k $105.0k | Added +1.3k |
| Arax Advisory Partners 0.00% of their portfolio | 9.5k $101.2k | Added +4.6k |
| CITIGROUP INC 0.00% of their portfolio | 9.2k $98.6k | Added +8.5k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 9.2k $98.2k | Reduced -647 |
| UBS Group AG 0.00% of their portfolio | 8.6k $91.9k | Reduced -1.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 8.3k $91.0k | Reduced -148 |
| Global Retirement Partners, LLC 0.00% of their portfolio | 8.1k $86.2k | First filing |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 4.9k $52.2k | Unchanged |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 3.8k $40.9k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 3.7k $39.9k | Reduced -758 |
| FMR LLC 0.00% of their portfolio | 3.3k $35.0k | Reduced -45 |
| BARCLAYS PLC 0.00% of their portfolio | 3.0k $32.2k | Reduced -1.7k |
| Centerpoint Advisors, LLC 0.01% of their portfolio | 3.0k $32.0k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 2.7k $29.4k | Added +99 |
| Legal & General Group Plc 0.00% of their portfolio | 1.8k $19.5k | Unchanged |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 1.5k $16.1k | Unchanged |
| State of Alaska, Department of Revenue 0.00% of their portfolio | 1.2k $13.0k | Unchanged |
| UMB Bank, n.a. 0.00% of their portfolio | 1.0k $10.7k | Unchanged |
| Inspire Investing, LLC 0.00% of their portfolio | 837 $9.0k | Added +109 |
| GAMMA Investing LLC 0.00% of their portfolio | 818 $8.8k | Reduced -56 |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 682 $7.3k | Reduced -762 |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 464 $5.0k | New |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 420 $4.5k | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 403 $4.3k | Unchanged |
| Sterling Capital Management LLC 0.00% of their portfolio | 390 $4.2k | Reduced -300 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 274 $2.9k | Reduced -854 |
| HARBOR CAPITAL ADVISORS, INC. 0.00% of their portfolio | 255 $3.0k | Unchanged |
| Leo H. Evart, Inc. 0.00% of their portfolio | 250 $2.7k | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 166 $1.8k | New |
| Allworth Financial LP 0.00% of their portfolio | 149 $1.6k | Added +101 |
| BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio | 147 $1.6k | Unchanged |
| Smartleaf Asset Management LLC 0.00% of their portfolio | 126 $1.4k | Unchanged |