What smart money is saying about Porch Group
2 funds in our archive have pitched Porch Group — most recently Granahan Investment Management Focused Growth Strategy in September 2026.
Porch Group, Inc. functions as a technology company, delivering a comprehensive software platform across both the United States and Canada. Its business model is structured around two core segments: Vertical Software and Insurance. The Vertical Software division furnishes specialized software solutions and a range of services tailored for companies in the home services industry. It also facilitates early connections and resources for both prospective and current homeowners. This segment's clientele spans various entities, including home service professionals (such as inspectors), consumers (homebuyers and existing homeowners), and diverse service providers covering moving, insurance, home warranty, security, and telecommunication services. Noteworthy brands within this segment include Floify, HireAHelper, ISN, iRoofing, Palm-Tech, Porch.com, Rynoh, and V12. Conversely, the Insurance segment specializes in providing property-related insurance policies. This is achieved through its proprietary risk-bearing insurance carrier, an independent agency network, and its own home warranty underwriting entity. Key brands associated with this segment are American Home Protect, Elite Insurance Group, and Homeowners of America. Beyond these primary segments, Porch Group also offers a spectrum of additional insurance products, encompassing property and casualty, residential, automotive, flood, and umbrella coverage, in addition to various services for contractors. The company was established in 2011 and maintains its corporate headquarters in Seattle, Washington.
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Position history
Between Q3 2025 and Q3 2026, 12 fund letters reported a position in Porch Group — 1 opened or added to the position, 3 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 5 | 0 | 2 | 1 |
| Q2 2026 | 6 | 0 | 1 | 1 |
| Q3 2025 | 1 | 1 | 0 | 0 |
Fund activity · 12 positions · 4 moves
- September 2026
“Porch Group (Financials, Pioneer) - Trimmed Porch continued to benefit from improving execution and increased confidence in the earnings potential of its insurance platform. The company had also been a major contributor in the second quarter, and its continued progress reinforced our emphasis on businesses translating secular opportunity into stronger financial results. We trimmed the position following appreciation.”
Porch Group - September 2026
“3Q26 Contributors 3Q26 Detractors 1. Magnite, Inc. (Comm. Services, Core Growth) 2. Porch Group (Financials, Pioneer) 3. Chime Financial (Financials, Core Growth)”
Porch Group - September 2026
“2. Porch Group (Financials, Pioneer)”
Porch Group - September 2026
“Top Ten Holdings Security LifeCycle Category Percent of Portfolio Silicon Motion Technology Corp. Special Situation 10.0% Porch Group Inc. Pioneer 9.7%”
Porch Group - September 2026
“• Porch Group (PRCH) – Porch provides vertical software for the home services industry, and, through the Porch Reciprocal Exchange, homeowners insurance informed by proprietary data 2 on roughly 90% of U.S. homes. The stock rose +11%, adding +166 basis points, as Q2 results again demonstrated the earnings power of the reciprocal model: policies written grew +38% year over year, adj. EBITDA (excluding the reciprocal) more than doubled, and management raised full-year guidance for the second time this year. Reinsurance costs declined and the reciprocal's capital base continues to build, which supports growth into 2027 and beyond. We slightly trimmed the position on strength, and Porch remains our largest holding.”
Porch Group - June 2026
“Porch Group (Information Technology, Pioneer) — Held Porch appreciated as investors gained greater confidence in improving execution and the earnings potential of its insurance platform. The company was a first- quarter detractor, and we had added during the earlier weakness because we believed the valuation did not reflect the progress occurring within the business. We made no position changes during the quarter.”
Porch Group - June 2026
“Top Ten Holdings Security Life Cycle Category Percent of Portfolio Porch Group Inc. Pioneer 10.0% Digital Turbine, Inc.”
Porch Group - June 2026
“• Porch Group (PRCH) – Porch provides vertical software for the home services industry and, through the Porch Reciprocal Exchange, homeowners insurance informed by proprietary data on roughly 90% of U.S. homes. The stock rose +110% in the quarter, adding +501 basis points to relative performance, as Q1 results demonstrated the earnings power of the reciprocal model: improving attritional loss ratios, capital-light commission and fee revenue, and strong cash flow. We have owned Porch through a long and occasionally uncomfortable transition, and the market is beginning to value the company as the data-advantaged, asset-light insurance platform we believe it is becoming. While we have trimmed our position, Porch ended the quarter as our largest holding.”
Porch Group - June 2026
“Top Ten Holdings Security Life Cycle Category Percent of Portfolio Porch Group Inc. Pioneer 9.9%”
Porch Group - June 2026
“Porch Group followed a similar path.”
Porch Group “Top Ten Holdings Security Life Cycle Category Percent of Portfolio Silicon Motion Technology Corp. Special Situation 3.6% Porch Group Inc. Pioneer 3.5%”
Porch Group- September 2025
“o three in financials: Pagaya Technologies, Porch Group, Accelerant Holdings”
Porch Group
Fund coverage · 2 theses
- Granahan Investment Management Focused Growth StrategySeptember 2026
Porch Group combines vertical software with data-driven homeowners insurance, and its reciprocal model is showing strong earnings power and long-term growth potential.
Read the full thesis Porch Group operates an insurance platform and proprietary residential property data business, with improved profitability, market share gains, and long-term earnings potential.
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