PAX Hedge Fund Ownership (Q2 2026)

Q: Is it too late to buy Patria Investments Limited (PAX) following the 2026 Q2 hedge fund 13F filings?

As of today, PAX has moved -10.8% since the 2026 Q2 13F filing date (August 14, 2026), compared to -3.9% for the XLF sector ETF — an outperformance of -6.9%. Since the quarter end (June 30, 2026), PAX gained -6.6% vs +4.2% 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.

Patria Investments Limited (PAX)

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

Smart Money Signals — PAX

Based on 150 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds reduced or closed their PAX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

🏔️

At the ownership peak (95% of max)

95% of all-time peak

150 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 — +5% more funds vs a year ago

fund count last 6Q

+7 new funds entered over the past year (+5% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟡

Slight buying edge — 55% buying

89 buying74 selling

Last quarter: 89 funds bought or added vs 74 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: 23 → 14 → 31 → 24. 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+) ■ 37% medium ■ 21% new

62 out of 150 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.

📈

Growing discovery — still being found

28 → 23 → 14 → 31 → 24 new funds/Q

New funds entering each quarter: 23 → 14 → 31 → 24. A growing number of institutions are discovering PAX each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Veteran-anchored — 49% veterans vs 27% newcomers

■ 49% veterans ■ 24% 1-2yr ■ 27% new

Entry-cohort mix of 154 holders: 76 (49%) are 2+ year veterans, 37 entered 1–2 years ago, and 41 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 51% AUM from top-100 funds

51% from top-100 AUM funds

40 of 149 holders are among the 100 largest funds by AUM, controlling 51% 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.

3.3

out of 10

Low Exit Risk

Exit risk score 3.3/10 — 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.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	147	158	-6.96%
13F Shares	51M	50M	2.6%
Total Value	$614M	$636M	-3.56%
New Positions	23	31	-8
Increased Positions	63	50	+13
Closed Positions	33	28	+5
Reduced Positions	40	56	-16
Total Calls	3	3	-
Total Puts	2	1	100.0%
PUT/CALL Ratio	0.67	0.33	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

147

158

-6.96%

13F Shares

51M

50M

2.6%

Total Value

$614M

$636M

-3.56%

New Positions

-8

Increased Positions

+13

Closed Positions

Reduced Positions

-16

Total Calls

Total Puts

100.0%

PUT/CALL Ratio

0.67

0.33

Bullish

Institutional Holders (2026 Q2)

147 + 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:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 PAX holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Endure Capital Management, LLC	15.52%	6,373,646	$70.0M
2	Zeno Equity Partners LLP	6.94%	1,701,343	$18.7M
3	Pertento Partners LLP	3.16%	5,344,176	$58.7M
4	Fourth Sail Capital LP	2.29%	1,373,995	$15.1M
5	Mhr Fund Management LLC	0.57%	1,000,000	$11.0M
6	Aurora Investment Counsel	0.56%	99,460	$1.1M
7	Mizuho Markets Americas LLC	0.26%	1,500,000	$16.5M
8	Yorktown Management & Research Co Inc	0.23%	34,000	$373K
9	MQS Management LLC	0.15%	10,951	$120K
10	Solstein Capital, LLC	0.10%	26,300	$289K
11	Pension & Wealth Management Advisors, INC.	0.10%	8,210	$114K
12	Globeflex Capital L P	0.08%	54,416	$597K
13	Abel Hall, LLC	0.07%	39,027	$429K
14	R Squared Ltd	0.07%	12,229	$134K
15	Endure Capital Management, LLC	0.05%	20,500	$225K
16	Moody Aldrich Partners LLC	0.05%	24,194	$266K
17	Wellington Shields & Co., LLC	0.05%	18,400	$202K
18	Quantbot Technologies LP	0.04%	93,045	$1.0M
19	Roxbury Financial LLC	0.04%	4,640	$51K
20	Y-Intercept (Hong Kong) Ltd	0.03%	160,061	$1.8M
21	Wellington Shields Capital Management, LLC	0.03%	20,415	$224K
22	SPX Gestao de Recursos Ltda	0.02%	18,540	$204K
23	SEB Asset Management AB	0.02%	404,628	$4.4M
24	Adage Capital Partners GP, L.L.C.	0.01%	967,400	$10.6M
25	Allegheny Financial Group	0.01%	12,257	$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 (PAX)

What does the Smart Money Trend signal show for PAX?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their PAX 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 PAX?

Slight buying edge — 55% buying: Last quarter: 89 funds bought or added vs 74 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 — 51% AUM from top-100 funds: 40 of 149 holders are among the 100 largest funds by AUM, controlling 51% 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: 62 out of 150 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 Q2 hedge fund 13F filings?

As of today, PAX has moved -10.8% since the 2026 Q2 13F filing date (August 14, 2026), compared to -3.9% for the XLF sector ETF — an outperformance of -6.9%. Since the quarter end (June 30, 2026), PAX has gained -6.6% vs +4.2% 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.

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Patria Investments Limited (PAX)

Smart Money Signals — PAX

Selling streak — 1 quarter in a row

At the ownership peak (95% of max)

Steady growth — +5% more funds vs a year ago

Slight buying edge — 55% buying

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

41% of holders stayed for 2+ years

Growing discovery — still being found

Veteran-anchored — 49% veterans vs 27% newcomers

Elite ownership — 51% AUM from top-100 funds

Institutional Sentiment Summary — PAX

Hedge Fund Ownership: PAX

Market Analysis: PAX

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: PAX

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

Hedge Fund Positioning: PAX

Statistics: PAX

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Patria Investments Limited (PAX)

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