AllianceBernstein L.P. Reports New 6.5% Stake in Procore Technologies Inc (PCOR)

On May 18, 2026, AllianceBernstein L.P. filed a Schedule 13G with the SEC, reporting a new significant ownership stake in Procore Technologies Inc (PCOR). As of the event date of March 31, 2026, the investment firm disclosed beneficial ownership of 9,751,571 shares of common stock, representing a 6.5% stake in the company. The filing indicates that AllianceBernstein L.P. holds sole voting power over 9,406,682 shares and sole dispositive power over 9,746,381 shares. The shares were acquired in the ordinary course of business for investment purposes on behalf of client discretionary advisory accounts. The firm clarified that it operates under independent management from its majority owner, Equitable Holdings, Inc. (EQH), and reports its holdings separately. This position represents a substantial increase from a previously reported 0.0% ownership, signaling a major institutional entry into Procore Technologies. The filing was certified by Marcus Edwards, AVP/Senior Compliance Associate.