Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Perion Network Ltd (PERI)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -4
Streak
2Q ▼
Buyers last Q
50%

Smart Money Signals — PERI

Based on 96 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 PERI positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻

Below peak — only 52% of 3.0Y high

52% of all-time peak
Only 96 funds hold PERI today versus a peak of 184 funds at 2023 Q2 — just 52% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉

Outflows — 8% fewer funds vs a year ago

fund count last 6Q
8 fewer hedge funds hold PERI compared to a year ago (-8% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 50% buying

51 buying50 selling
Last quarter: 51 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 (+9 vs last Q)

new funds entering per quarter
Funds opening a new PERI position: 17 → 17 → 9 → 18. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

66% of holders stayed for 2+ years

■ 66% conviction (2yr+) ■ 16% medium ■ 19% new
63 out of 96 hedge funds have held PERI 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

17 → 17 → 17 → 9 → 18 new funds/Q
New funds entering each quarter: 17 → 17 → 9 → 18. PERI 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 — 72% veterans vs 20% newcomers

■ 72% veterans ■ 8% 1-2yr ■ 20% new
Entry-cohort mix of 103 holders: 74 (72%) are 2+ year veterans, 8 entered 1–2 years ago, and 21 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 11% AUM from top-100

11% from top-100 AUM funds
19 of 96 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
1.1
out of 10
Low Exit Risk
Exit risk score 1.1/10 — 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 — PERI

In 2026 Q1, 51 hedge funds were net buyers of PERI (18 opened a new position, 33 added to an existing one), while 50 reduced or exited (28 trimmed, 22 sold completely) — a 50% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 96.

Hedge Fund Ownership: PERI

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

Market Analysis: PERI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PERI

-- --

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

Is It Too Late to Buy Perion Network Ltd (PERI) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much PERI has moved relative to its sector benchmark (XLC) 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 · 78d ago
PERI
-13.6%
XLC
+0.7%

PERI outperformed XLC by -14.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
PERI
-16.1%
XLC
-3.8%

Since the filing became public, PERI outperformed XLC by -12.3% .

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.

11 top-rated funds 1 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
1.2
/ 10
conviction
Hedge Fund Positioning: PERI
95 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 95 100 -5.0%
13F Shares 24M 23M 1.07%
Total Value $184M $179M 3.0%
New Positions 17 9 +8
Increased Positions 31 36 -5
Closed Positions 22 18 +4
Reduced Positions 26 32 -6
Total Calls 4 3 33.33%
Total Puts 3 6 -50.0%
PUT/CALL Ratio 0.75 2.0 Neutral

Statistics: PERI

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Valuation Measures Data as of: --

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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) --
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Institutional Holders (2026 Q1)

95 + investors

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

QUARTER:
Top 25 PERI holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Value Base Ltd. 12.22% 1,551,423 $15.5M
2 Private Capital Management, LLC 4.75% 4,778,028 $47.7M
3 Raffles Associates LP 1.48% 170,279 $1.7M
4 Perkins Capital Management Inc 1.47% 156,865 $1.6M
5 Stableford Capital II LLC 0.86% 230,468 $2.3M
6 Nano Cap New Millennium Growth Fund L P 0.56% 60,000 $599K
7 Tripletail Wealth Management, LLC 0.22% 16,100 $159K
8 Systematic Financial Management LP 0.20% 869,066 $8.7M
9 Kerrisdale Advisers, LLC 0.19% 49,373 $493K
10 CastleKnight Management LP 0.16% 941,983 $9.4M
11 Migdal Insurance & Financial Holdings Ltd. 0.11% 1,287,102 $12.9M
12 Private Capital Management, LLC 0.10% 100,000 $999K
13 Yelin Lapidot Holdings Management Ltd. 0.09% 42,084 $420K
14 Equitable Trust Co 0.06% 138,880 $1.4M
15 Clear Harbor Asset Management, LLC 0.04% 58,370 $583K
16 North Star Investment Management Corp. 0.04% 65,000 $649K
17 Nebula Research & Development LLC 0.03% 33,902 $344K
18 GHP Investment Advisors, Inc. 0.03% 68,107 $680K
19 Quinn Opportunity Partners LLC 0.03% 49,500 $495K
20 XTX Topco Ltd 0.02% 131,919 $1.3M
21 Renaissance Technologies LLC 0.02% 1,369,115 $13.7M
22 Y.D. More Investments Ltd 0.02% 50,002 $503K
23 ARK Investment Management LLC 0.02% 233,860 $2.3M
24 CastleKnight Management LP 0.02% 100,000 $999K
25 Rothschild Wealth LLC 0.02% 17,200 $172K
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 — Perion Network Ltd (PERI)

What does the Smart Money Trend signal show for PERI?

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

Slight buying edge — 50% buying: Last quarter: 51 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 PERI holders?

Smaller funds dominant — 11% AUM from top-100: 19 of 96 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held PERI?

66% of holders stayed for 2+ years: 63 out of 96 hedge funds have held PERI 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 Perion Network Ltd (PERI) following the 2026 Q1 hedge fund 13F filings?

As of today, PERI has moved -16.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to -3.8% for the XLC sector ETF — an outperformance of -12.3%. Since the quarter end (March 31, 2026), PERI has gained -13.6% vs +0.7% for XLC. 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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