Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Patria Investments Limited (PAX)

156 + 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
↑ +2
Streak
11Q ▲
Buyers last Q
48%

Smart Money Signals — PAX

Based on 157 hedge funds · latest filing: 2026 Q1 · 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
157 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 — +13% more funds vs a year ago

fund count last 6Q
+18 new funds entered over the past year (+13% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 48% buying

80 buying86 selling
Last quarter: 86 funds reduced or exited vs 80 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 (+17 vs last Q)

new funds entering per quarter
Funds opening a new PAX position: 28 → 23 → 14 → 31. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

41% of holders stayed for 2+ years

■ 41% conviction (2yr+) ■ 31% medium ■ 27% new
65 out of 157 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.
💎

Buying through price weakness — shares +4%, value -16%

Value
-16%
Shares
+4%
Last quarter: funds added +4% more shares while total portfolio value only changed -16%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~31 new funds/quarter

30 → 28 → 23 → 14 → 31 new funds/Q
New funds entering each quarter: 28 → 23 → 14 → 31. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 47% of holders stayed 2+ years

■ 47% veterans ■ 21% 1-2yr ■ 32% new
Of 161 current holders: 75 (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 — 43% AUM from top-100 funds

43% from top-100 AUM funds
38 of 157 holders are among the 100 largest funds by AUM, controlling 43% 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.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — 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 — PAX

In 2026 Q1, 80 hedge funds were net buyers of PAX (31 opened a new position, 49 added to an existing one), while 86 reduced or exited (57 trimmed, 29 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. This marks 11 consecutive quarters of net institutional buying — a persistent conviction signal. 43% of total institutional value in PAX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 157.

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

-- --

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

Is It Too Late to Buy Patria Investments Limited (PAX) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much PAX has moved relative to its sector benchmark (XLF) 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 · 80d ago
PAX
nan%
XLF
+9.5%

PAX outperformed XLF by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
PAX
nan%
XLF
+5.8%

Since the filing became public, PAX outperformed XLF by nan% .

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.

13 top-rated funds 2 high-conviction
Consensus
5.0
/ 10
breadth
×
Elite
2.1
/ 10
conviction
Hedge Fund Positioning: PAX
156 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 156 155 0.65%
13F Shares 50M 48M 4.24%
Total Value $635M $760M -16.39%
New Positions 30 14 +16
Increased Positions 49 64 -15
Closed Positions 29 10 +19
Reduced Positions 56 49 +7
Total Calls 3 3 -
Total Puts 1 1 -
PUT/CALL Ratio 0.33 0.33 Bullish

Statistics: PAX

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Profit Margin --
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Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

156 + investors

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

QUARTER:
Top 25 PAX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Endure Capital Management, LLC 52.39% 6,054,645 $76.3M
2 Pertento Partners LLP 4.80% 5,206,247 $65.6M
3 Point Nemo Capital, LLC 0.88% 106,075 $1.3M
4 Mhr Fund Management LLC 0.83% 900,000 $11.3M
5 Aurora Investment Counsel 0.75% 106,755 $1.3M
6 Globeflex Capital L P 0.57% 298,500 $3.8M
7 Mizuho Markets Americas LLC 0.52% 1,500,000 $18.9M
8 Samlyn Capital, LLC 0.44% 2,052,068 $25.9M
9 Yorktown Management & Research Co Inc 0.36% 34,000 $428K
10 Grandeur Peak Global Advisors, LLC 0.23% 79,584 $1.0M
11 Hussman Strategic Advisors, INC. 0.23% 84,000 $1.1M
12 Inspire Investing, LLC 0.15% 143,727 $1.8M
13 MQS Management LLC 0.14% 16,696 $210K
14 Solstein Capital, LLC 0.14% 26,300 $331K
15 Abel Hall, LLC 0.10% 39,009 $492K
16 Odyssean, LLC 0.10% 22,372 $282K
17 R Squared Ltd 0.07% 10,608 $134K
18 Nebula Research & Development LLC 0.07% 57,554 $809K
19 Wellington Shields & Co., LLC 0.06% 18,400 $232K
20 Formidable Asset Management, LLC 0.06% 30,143 $380K
21 Moody Aldrich Partners LLC 0.05% 24,194 $305K
22 Roxbury Financial LLC 0.05% 4,655 $59K
23 Wellington Shields Capital Management, LLC 0.04% 20,415 $257K
24 Brookwood Investment Group LLC 0.04% 24,459 $308K
25 Quantbot Technologies LP 0.03% 50,445 $636K
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 (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?

More sellers than buyers — 48% buying: Last quarter: 86 funds reduced or exited vs 80 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 PAX holders?

Elite ownership — 43% AUM from top-100 funds: 38 of 157 holders are among the 100 largest funds by AUM, controlling 43% 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: 65 out of 157 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.

Is it too late to buy Patria Investments Limited (PAX) following the 2026 Q1 hedge fund 13F filings?

As of today, PAX has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), PAX has gained nan% vs +9.5% for XLF. 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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