The investor purchased 1.35 million shares of GRND at an average price of $12.50, increasing its stake to 13.4% of AUM.
Perry Creek Capital increased its position in Grindr (NYSE:GRND) by 1,349,493 shares, valued at $15.91 million based on first-quarter average pricing. The transaction was disclosed in a May 15, 2026 SEC filing, raising the firm’s total Grindr holding to $21.51 million as of March 31, 2026.
Grindr shares have declined 49% over the past year, underperforming the S&P 500, which rose approximately 28% in the same period. The stock closed at $12.50 on Friday. Perry Creek’s post-trade stake represents 13.4% of its 13F assets under management, making GRND its fourth-largest holding.
The firm’s top holdings also include FAF ($34.66 million), ICLR ($27.11 million), and PFGC ($26.10 million). The move reflects a contrarian bet amid Grindr’s prolonged share price weakness.