Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

PATRIA INVESTMENTS LIMITED COM CL A (PAX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
11Q ▲
Buyers last Q
58%

Smart Money Signals — PAX

Based on 149 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 11 quarters in a row

last 6Q
For 11 consecutive quarters, more hedge funds added PAX than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
149 hedge funds hold PAX right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +16% more funds vs a year ago

fund count last 6Q
+20 new funds entered over the past year (+16% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 58% buying

76 buying56 selling
Last quarter: 76 funds bought or added vs 56 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-7 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 29 → 27 → 20 → 13. 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.
🔒

41% of holders stayed for 2+ years

■ 41% conviction (2yr+) ■ 38% medium ■ 21% new
61 out of 149 hedge funds have held PAX 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.
⚠️

Saturation — most institutions already know this story

30 → 29 → 27 → 20 → 13 new funds/Q
New funds entering each quarter: 29 → 27 → 20 → 13. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
🏛️

Deep conviction — 47% of holders stayed 2+ years

■ 47% veterans ■ 17% 1-2yr ■ 36% new
Of 150 current holders: 70 (47%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 48% AUM from top-100 funds

48% from top-100 AUM funds
29 of 149 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in PAX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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.

Hedge Fund Ownership: PAX

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

Market Analysis: PAX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PAX

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

37 top-rated funds 2 high-conviction
Consensus
6.9
/ 10
breadth
×
Elite
2.1
/ 10
conviction
Hedge Fund Positioning: PAX
2026 Q1 Stats Unlock in 18 days 150 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 150 147 2.04%
13F Shares 48M 46M 5.01%
Total Value $759M $664M 14.28%
New Positions 13 20 -7
Increased Positions 63 61 +2
Closed Positions 9 15 -6
Reduced Positions 49 46 +3
Total Calls 3 3 -
Total Puts 1 2 -50.0%
PUT/CALL Ratio 0.33 0.67 Bullish

Statistics: PAX

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Valuation Measures Data as of: --

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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) --
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Institutional Holders (2026 Q1)

150 + investors

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

Top 25 institutional holders of PAX — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Yorktown Management & Research Co Inc 0.36% 34,000 $428K
2 Inspire Investing, LLC 0.15% 143,727 $1.8M
3 MQS Management LLC 0.14% 16,696 $210K
4 Abel Hall, LLC 0.10% 39,009 $492K
5 R Squared Ltd 0.07% 10,608 $134K
6 Formidable Asset Management, LLC 0.06% 30,143 $380K
7 MOODY ALDRICH PARTNERS LLC 0.05% 24,194 $305K
8 Roxbury Financial LLC 0.05% 4,655 $59K
9 Y-Intercept (Hong Kong) Ltd 0.02% 94,975 $1.2M
10 Allegheny Financial Group 0.02% 12,254 $154K
11 Police & Firemen's Retirement System of New Jersey 0.01% 88,552 $1.1M
12 AdvisorNet Financial, Inc 0.01% 11,650 $147K
13 Ethic Inc. 0.00% 22,521 $284K
14 Farther Finance Advisors, LLC 0.00% 27,516 $348K
15 Robeco Institutional Asset Management B.V. 0.00% 150,000 $1.9M
16 STRS OHIO 0.00% 39,700 $500K
17 Versant Capital Management, Inc 0.00% 1,072 $14K
18 State of Alaska, Department of Revenue 0.00% 9,683 —
19 True Wealth Design, LLC 0.00% 341 $4K
20 Pictet Asset Management Holding SA 0.00% 81,531 $1.0M
21 SBI Securities Co., Ltd. 0.00% 2,753 $35K
22 FINANCIAL CONSULATE, INC 0.00% 500 $6K
23 GAMMA Investing LLC 0.00% 727 $9K
24 HSBC HOLDINGS PLC 0.00% 47,241 $591K
25 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% 10,684 $135K
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 — PATRIA INVESTMENTS LIMITED COM CL A (PAX)

What does the Smart Money Trend signal show for PAX?

Buying streak — 11 quarters in a row: For 11 consecutive quarters, more hedge funds added PAX than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for PAX?

Slight buying edge — 58% buying: Last quarter: 76 funds bought or added vs 56 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for PAX holders?

Elite ownership — 48% AUM from top-100 funds: 29 of 149 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in PAX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held PAX?

41% of holders stayed for 2+ years: 61 out of 149 hedge funds have held PAX 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.

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.