Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Shift4 Pmts Inc (FOUR)

351 + 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
→ 0
Streak
1Q —
Buyers last Q
46%

Smart Money Signals — FOUR

Based on 363 hedge funds · latest filing: 2026 Q2 · updated quarterly

➡️

No change last quarter

last 6Q
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
📊

High ownership — 79% of 3.0Y peak

79% of all-time peak
363 funds currently hold this stock — 79% of the 3.0-year high of 457 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 21% fewer funds vs a year ago

fund count last 6Q
94 fewer hedge funds hold FOUR compared to a year ago (-21% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 46% buying

198 buying228 selling
Last quarter: 228 funds reduced or exited vs 198 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.
📈

More new buyers each quarter (+6 vs last Q)

new funds entering per quarter
Funds opening a new FOUR position: 73 → 79 → 66 → 72. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 27% medium ■ 21% new
189 out of 363 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.
➡️

Steady discovery — ~72 new funds/quarter

81 → 73 → 79 → 66 → 72 new funds/Q
New funds entering each quarter: 73 → 79 → 66 → 72. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 58% veterans vs 24% newcomers

■ 58% veterans ■ 18% 1-2yr ■ 24% new
Entry-cohort mix of 392 holders: 227 (58%) are 2+ year veterans, 69 entered 1–2 years ago, and 96 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 37% AUM from major funds

37% from top-100 AUM funds
57 of 354 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.7
out of 10
Low Exit Risk
Exit risk score 2.7/10 — 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 Q2, 198 hedge funds were net buyers of FOUR (72 opened a new position, 126 added to an existing one), while 228 reduced or exited (156 trimmed, 72 sold completely) — a 46% buyer ratio, indicating roughly balanced activity. 37% of total institutional value in FOUR is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: flat (entries and exits balanced). Total institutional holders: 363.

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 Q2 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 June 30, 2026 · 89d ago
FOUR
-20.9%
XLK
+3.1%

FOUR outperformed XLK by -24.0% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 44d ago
FOUR
-15.3%
XLK
+3.4%

Since the filing became public, FOUR outperformed XLK by -18.7% .

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.

15 top-rated funds 6 high-conviction
Consensus
5.2
/ 10
breadth
×
Elite
3.6
/ 10
conviction
Hedge Fund Positioning: FOUR
351 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 351 363 -3.31%
13F Shares 75M 78M -3.28%
Total Value $3.61B $3.35B 7.89%
New Positions 72 66 +6
Increased Positions 114 140 -26
Closed Positions 75 113 -38
Reduced Positions 146 122 +24
Total Calls 21 24 -12.5%
Total Puts 17 22 -22.73%
PUT/CALL Ratio 0.81 0.92 Neutral

Statistics: FOUR

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Valuation Measures Data as of: --

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

351 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Emeth Value Capital, LLC 44.84% 265,971 $12.9M
2 Darlington Partners Capital Management, LP 15.38% 7,161,844 $348.4M
3 Maestria Partners LLC 7.63% 451,186 $21.9M
4 Occam Crest Management LP 5.86% 201,345 $11.3M
5 Goodnow Investment Group, LLC 5.29% 1,047,530 $51.0M
6 Spyglass Capital Management LLC 4.83% 1,833,803 $89.2M
7 LB Partners LLC 3.18% 96,000 $4.7M
8 Durable Capital Partners LP 2.09% 4,423,633 $215.2M
9 Rice Hall James & Associates, LLC 2.07% 874,492 $42.5M
10 Portolan Capital Management, LLC 2.03% 1,114,116 $54.2M
11 Skaana Management L.P. 1.86% 177,700 $8.6M
12 Long Focus Capital Management, LLC 1.01% 812,000 $39.5M
13 Private Management Group Inc 0.94% 735,225 $35.8M
14 Tejara Capital Ltd 0.91% 45,600 $2.2M
15 Aurora Investment Counsel 0.79% 31,430 $1.5M
16 Converium Capital Inc. 0.78% 125,000 $6.1M
17 Schwartz Investment Counsel Inc 0.74% 460,941 $22.4M
18 Fairview Capital Investment Management, LLC 0.73% 283,747 $13.8M
19 Wasatch Advisors LP 0.69% 2,169,197 $105.5M
20 Skaana Management L.P. 0.61% 58,800 $2.9M
21 Cander Asset Management LP 0.55% 61,256 $3.0M
22 Mariner Investment Group LLC 0.53% 50,000 $2.4M
23 Register Financial Advisors LLC 0.42% 28,230 $1.4M
24 Ratan Capital Management LP 0.39% 25,053 $1.2M
25 JCSD Capital, LLC 0.39% 5,509 $268K
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?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for FOUR?

More sellers than buyers — 46% buying: Last quarter: 228 funds reduced or exited vs 198 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 — 37% AUM from major funds: 57 of 354 holders rank in the top 100 by AUM, accounting for 37% 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?

52% of holders stayed for 2+ years: 189 out of 363 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 Q2 hedge fund 13F filings?

As of today, FOUR has moved -15.3% since the 2026 Q2 13F filing date (August 14, 2026), compared to +3.4% for the XLK sector ETF — an outperformance of -18.7%. Since the quarter end (June 30, 2026), FOUR has gained -20.9% vs +3.1% 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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