Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Paysign Inc (PAYS)

110 + 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
↓ -2
Streak
2Q ▼
Buyers last Q
57%

Smart Money Signals — PAYS

Based on 111 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their PAYS positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
111 funds currently hold this stock — 93% of the 3.0-year high of 119 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

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

fund count last 6Q
+32 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.
🟡

Slight buying edge — 57% buying

65 buying50 selling
Last quarter: 65 funds bought or added vs 50 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.
📈

More new buyers each quarter (+11 vs last Q)

new funds entering per quarter
Funds opening a new PAYS position: 27 → 39 → 12 → 23. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

42% of holders stayed for 2+ years

■ 42% conviction (2yr+) ■ 26% medium ■ 32% new
47 out of 111 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.
📊

Peak discovery — momentum slowing

9 → 27 → 39 → 12 → 23 new funds/Q
New funds entering each quarter: 27 → 39 → 12 → 23. PAYS is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 54% veterans vs 33% newcomers

■ 54% veterans ■ 13% 1-2yr ■ 33% new
Entry-cohort mix of 114 holders: 61 (54%) are 2+ year veterans, 15 entered 1–2 years ago, and 38 (33%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 19% AUM from top-100

19% from top-100 AUM funds
32 of 111 holders rank in the top 100 by AUM, but together hold only 19% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
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.

Institutional Sentiment Summary — PAYS

In 2026 Q1, 65 hedge funds were net buyers of PAYS (23 opened a new position, 42 added to an existing one), while 50 reduced or exited (25 trimmed, 25 sold completely) — a 57% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 111.

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

-- --

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

Is It Too Late to Buy Paysign Inc (PAYS) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much PAYS has moved relative to its sector benchmark (XLK) 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 · 83d ago
PAYS
+24.4%
XLK
+44.6%

PAYS outperformed XLK by -20.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 38d ago
PAYS
+28.5%
XLK
+9.0%

Since the filing became public, PAYS outperformed XLK by +19.5% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to 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 1 high-conviction
Consensus
5.2
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: PAYS
110 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 110 113 -2.65%
13F Shares 26M 26M 3.24%
Total Value $144M $132M 9.48%
New Positions 22 12 +10
Increased Positions 41 49 -8
Closed Positions 25 18 +7
Reduced Positions 23 35 -12
Total Calls 3 3 -
Total Puts 0 2 -100.0%
PUT/CALL Ratio 0.0 0.67 Bullish

Statistics: PAYS

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Valuation Measures Data as of: --

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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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Institutional Holders (2026 Q1)

110 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Topline Capital Management, LLC 4.52% 4,639,061 $27.4M
2 Palisades Investment Partners, LLC 2.30% 993,896 $5.9M
3 1248 Management, LLC 1.36% 497,435 $2.9M
4 Joule Financial, LLC 1.06% 614,175 $3.6M
5 Punch & Associates Investment Management, INC. 0.70% 2,058,210 $12.1M
6 AWM Investment Company, Inc. 0.25% 385,965 $2.3M
7 Penbrook Management LLC 0.25% 55,785 $329K
8 Militia Capital Management LLC 0.11% 79,800 $471K
9 State of Wyoming 0.07% 102,283 $603K
10 Bard Associates Inc 0.07% 47,697 $281K
11 Royce & Associates LP 0.05% 778,183 $4.6M
12 Investors Asset Management of Georgia Inc /Ga/ /Adv 0.02% 10,000 $59K
13 Arista Wealth Management, LLC 0.02% 29,285 $173K
14 Renaissance Technologies LLC 0.01% 1,531,072 $9.0M
15 Connors Investor Services Inc 0.01% 21,000 $124K
16 Bridgeway Capital Management, LLC 0.01% 88,670 $523K
17 Hennion & Walsh Asset Management, Inc. 0.01% 44,172 $261K
18 Jacobs Levy Equity Management, Inc 0.01% 348,990 $2.1M
19 Centiva Capital, LP 0.01% 148,292 $875K
20 OneDigital Investment Advisors LLC 0.01% 107,077 $632K
21 Panagora Asset Management Inc 0.01% 249,544 $1.5M
22 Walleye Capital LLC 0.00% 188,143 $1.1M
23 XTX Topco Ltd 0.00% 40,245 $237K
24 New York State Common Retirement Fund 0.00% 385,732 $2.3M
25 AlphaQuest LLC 0.00% 11,031 $57K
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?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their PAYS 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 PAYS?

Slight buying edge — 57% buying: Last quarter: 65 funds bought or added vs 50 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 PAYS holders?

Smaller funds dominant — 19% AUM from top-100: 32 of 111 holders rank in the top 100 by AUM, but together hold only 19% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held PAYS?

42% of holders stayed for 2+ years: 47 out of 111 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.

Is it too late to buy Paysign Inc (PAYS) following the 2026 Q1 hedge fund 13F filings?

As of today, PAYS has moved +28.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +9.0% for the XLK sector ETF — an outperformance of +19.5%. Since the quarter end (March 31, 2026), PAYS has gained +24.4% vs +44.6% for XLK. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to 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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