Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Shift4 Pmts Inc (FOUR)

361 + Investors. Track Smart Money conviction in FOUR. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -47
Streak
3Q ▼
Buyers last Q
46%

Smart Money Signals — FOUR

Based on 362 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their FOUR positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 80% of 3.0Y peak

80% of all-time peak
362 funds currently hold this stock — 80% of the 3.0-year high of 455 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 18% fewer funds vs a year ago

fund count last 6Q
77 fewer hedge funds hold FOUR compared to a year ago (-18% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 46% buying

210 buying246 selling
Last quarter: 246 funds reduced or exited vs 210 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-13 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 79 → 73 → 79 → 66. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

49% of holders stayed for 2+ years

■ 49% conviction (2yr+) ■ 28% medium ■ 22% new
179 out of 362 hedge funds have held FOUR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -9%, value -37%

Value
-37%
Shares
-8%
Last quarter: funds added -9% more shares while total portfolio value only changed -37%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~66 new funds/quarter

75 → 79 → 73 → 79 → 66 new funds/Q
New funds entering each quarter: 79 → 73 → 79 → 66. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 54% veterans vs 28% newcomers

■ 54% veterans ■ 18% 1-2yr ■ 28% new
Entry-cohort mix of 394 holders: 212 (54%) are 2+ year veterans, 72 entered 1–2 years ago, and 110 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 29% AUM from major funds

29% from top-100 AUM funds
49 of 348 holders rank in the top 100 by AUM, accounting for 29% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.8
out of 10
Low Exit Risk
Exit risk score 2.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — FOUR

In 2026 Q1, 210 hedge funds were net buyers of FOUR (66 opened a new position, 144 added to an existing one), while 246 reduced or exited (133 trimmed, 113 sold completely) — a 46% buyer ratio, indicating roughly balanced activity. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 29% of total institutional value in FOUR is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -47 funds (more exits than new entries). Total institutional holders: 362.

Hedge Fund Ownership: FOUR

How many hedge funds hold FOUR — quarterly history vs. share price
Quarterly hedge fund ownership of FOUR vs. share price

Market Analysis: FOUR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FOUR

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Shift4 Pmts Inc (FOUR) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FOUR has moved relative to its sector benchmark (XLK) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 87d ago
FOUR
+0.1%
XLK
+37.9%

FOUR outperformed XLK by -37.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 42d ago
FOUR
+4.2%
XLK
+4.0%

Since the filing became public, FOUR outperformed XLK by +0.2% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

34 top-rated funds 5 high-conviction
Consensus
6.7
/ 10
breadth
×
Elite
3.3
/ 10
conviction
Hedge Fund Positioning: FOUR
361 + Investors

Track Smart Money conviction in FOUR. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 361 409 -11.74%
13F Shares 78M 85M -8.85%
Total Value $3.35B $5.34B -37.25%
New Positions 66 79 -13
Increased Positions 138 140 -2
Closed Positions 114 118 -4
Reduced Positions 122 155 -33
Total Calls 24 19 26.32%
Total Puts 22 16 37.5%
PUT/CALL Ratio 0.92 0.84 Neutral

Statistics: FOUR

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

361 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in FOUR. Verified SEC 13F-HR filings.

QUARTER:
Top 25 FOUR holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Darlington Partners Capital Management, LP 12.92% 6,576,509 $287.6M
2 Maestria Partners LLC 8.24% 516,186 $22.6M
3 Emeth Value Capital, LLC 7.09% 107,016 $4.7M
4 Occam Crest Management LP 5.80% 218,345 $9.5M
5 Spyglass Capital Management LLC 5.76% 1,751,140 $76.6M
6 Goodnow Investment Group, LLC 4.09% 854,230 $37.4M
7 Deepwater Asset Management, LLC 2.97% 107,110 $4.7M
8 7g Capital Management, LLC 2.86% 70,000 $4.4M
9 Durable Capital Partners LP 2.78% 6,165,793 $269.6M
10 Skaana Management L.P. 2.20% 148,700 $6.5M
11 Rice Hall James & Associates, LLC 2.06% 847,726 $37.1M
12 Mariner Investment Group LLC 1.83% 145,000 $6.3M
13 Wasatch Advisors LP 1.22% 4,206,244 $183.9M
14 LB Partners LLC 1.18% 30,000 $1.3M
15 Fairview Capital Investment Management, LLC 1.00% 421,102 $18.4M
16 Long Focus Capital Management, LLC 0.78% 675,000 $29.5M
17 Aurora Investment Counsel 0.78% 31,997 $1.4M
18 Cloverfields Capital Group, LP 0.77% 54,564 $2.4M
19 Ratan Capital Management LP 0.74% 45,640 $2.0M
20 Schwartz Investment Counsel Inc 0.69% 445,691 $19.5M
21 Kurv Investment Management LLC 0.69% 27,412 $1.2M
22 Private Management Group Inc 0.57% 454,242 $19.9M
23 VELA Investment Management, LLC 0.56% 56,097 $2.5M
24 Register Financial Advisors LLC 0.54% 33,530 $1.5M
25 Palisade Capital Management, LP 0.51% 349,041 $15.3M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Shift4 Pmts Inc (FOUR)

What does the Smart Money Trend signal show for FOUR?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their FOUR positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for FOUR?

More sellers than buyers — 46% buying: Last quarter: 246 funds reduced or exited vs 210 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for FOUR holders?

Strong quality — 29% AUM from major funds: 49 of 348 holders rank in the top 100 by AUM, accounting for 29% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held FOUR?

49% of holders stayed for 2+ years: 179 out of 362 hedge funds have held FOUR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Shift4 Pmts Inc (FOUR) following the 2026 Q1 hedge fund 13F filings?

As of today, FOUR has moved +4.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.0% for the XLK sector ETF — an outperformance of +0.2%. Since the quarter end (March 31, 2026), FOUR has gained +0.1% vs +37.9% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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