Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Paysign Inc (PAYS)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +22
Streak
1Q ▲
Buyers last Q
70%

Smart Money Signals — PAYS

Based on 133 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added PAYS 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
133 hedge funds hold PAYS 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.
🚀

Fast accumulation — +41% more funds vs a year ago

fund count last 6Q
+39 new funds entered over the past year (+41% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 70% buying

100 buying42 selling
Last quarter: 100 funds were net buyers (40 opened a brand new position + 60 added to an existing one). Only 42 were sellers (24 trimmed + 18 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+17 vs last Q)

new funds entering per quarter
Funds opening a new PAYS position: 39 → 13 → 23 → 40. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

40% of holders stayed for 2+ years

■ 40% conviction (2yr+) ■ 29% medium ■ 32% new
53 out of 133 hedge funds have held PAYS 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.
💰

Value +66% but shares only +16% — price-driven

Value
+65%
Shares
+16%
Last quarter: the total dollar value of institutional holdings rose +66%, but actual share count only changed +16%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

27 → 39 → 13 → 23 → 40 new funds/Q
New funds entering each quarter: 39 → 13 → 23 → 40. A growing number of institutions are discovering PAYS each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 52% veterans vs 33% newcomers

■ 52% veterans ■ 14% 1-2yr ■ 33% new
Entry-cohort mix of 138 holders: 72 (52%) are 2+ year veterans, 20 entered 1–2 years ago, and 46 (33%) 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
41 of 133 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.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 — PAYS

In 2026 Q2, 100 hedge funds were net buyers of PAYS (40 opened a new position, 60 added to an existing one), while 42 reduced or exited (24 trimmed, 18 sold completely) — a 70% buyer ratio, indicating clear institutional accumulation. 37% of total institutional value in PAYS is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +22 funds (more new holders than closures). Total institutional holders: 133.

Hedge Fund Ownership: PAYS

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

Market Analysis: PAYS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PAYS

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

7 top-rated funds 1 high-conviction
Consensus
3.9
/ 10
breadth
×
Elite
1.5
/ 10
conviction
Hedge Fund Positioning: PAYS
132 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 132 111 18.92%
13F Shares 31M 26M 16.37%
Total Value $238M $144M 65.55%
New Positions 40 23 +17
Increased Positions 59 41 +18
Closed Positions 19 26 -7
Reduced Positions 21 23 -2
Total Calls 3 3 -
Total Puts 2 0 100%
PUT/CALL Ratio 0.67 0.0 Bullish

Statistics: PAYS

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Valuation Measures Data as of: --

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Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

132 + investors

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

QUARTER:
Top 25 PAYS holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Topline Capital Management, LLC 9.85% 4,639,061 $38.0M
2 Palisades Investment Partners, LLC 2.33% 1,000,758 $8.2M
3 Ballast Asset Management, LP 1.53% 467,476 $3.8M
4 Joule Financial, LLC 1.36% 614,175 $5.0M
5 Punch & Associates Investment Management, INC. 0.84% 2,073,580 $17.0M
6 AWM Investment Company, Inc. 0.57% 800,965 $6.6M
7 Penbrook Management LLC 0.30% 57,310 $469K
8 Connective Capital Management, LLC 0.23% 39,885 $327K
9 Bard Associates Inc 0.09% 49,576 $406K
10 Integrated Quantitative Investments LLC 0.07% 51,506 $422K
11 State of Wyoming 0.06% 67,848 $556K
12 Militia Capital Management LLC 0.05% 79,800 $471K
13 Mangrove Partners IM, LLC 0.04% 80,327 $658K
14 Royce & Associates LP 0.04% 616,365 $5.0M
15 Alpine Woods Capital Investors, LLC 0.04% 22,737 $186K
16 Investors Asset Management of Georgia Inc /Ga/ /Adv 0.03% 10,000 $82K
17 Arista Wealth Management, LLC 0.03% 29,285 $240K
18 Globeflex Capital L P 0.02% 23,347 $191K
19 Verdence Capital Advisors LLC 0.02% 56,778 $465K
20 Kestra Advisory Services, LLC 0.02% 614,175 $5.0M
21 Hennion & Walsh Asset Management, Inc. 0.01% 56,395 $462K
22 Connors Investor Services Inc 0.01% 18,500 $152K
23 Trexquant Investment LP 0.01% 260,336 $2.1M
24 Renaissance Technologies LLC 0.01% 1,073,783 $8.8M
25 XTX Topco Ltd 0.01% 100,613 $824K
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 — Paysign Inc (PAYS)

What does the Smart Money Trend signal show for PAYS?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added PAYS 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 PAYS?

More buyers than sellers — 70% buying: Last quarter: 100 funds were net buyers (40 opened a brand new position + 60 added to an existing one). Only 42 were sellers (24 trimmed + 18 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for PAYS holders?

Strong quality — 37% AUM from major funds: 41 of 133 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 PAYS?

40% of holders stayed for 2+ years: 53 out of 133 hedge funds have held PAYS 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.

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