Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Putnam ETF Trust (PGRO)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -3
Streak
1Q ▼
Buyers last Q
47%

Smart Money Signals — PGRO

Based on 18 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their PGRO 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 — 86% of 3.0Y peak

86% of all-time peak
18 funds currently hold this stock — 86% of the 3.0-year high of 21 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +29% more funds vs a year ago

fund count last 6Q
+4 new funds entered over the past year (+29% 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 sellers than buyers — 47% buying

9 buying10 selling
Last quarter: 10 funds reduced or exited vs 9 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.
➡️

Steady new buyers — ~2 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 3 → 3 → 4 → 2. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 28% long-term, 39% new

■ 28% conviction (2yr+) ■ 33% medium ■ 39% new
Of the 18 current holders: 5 (28%) held >2 years, 6 held 1–2 years, and 7 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
➡️

Steady discovery — ~2 new funds/quarter

4 → 3 → 3 → 4 → 2 new funds/Q
New funds entering each quarter: 3 → 3 → 4 → 2. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱

Early stage — 56% of holders entered in last year

■ 33% veterans ■ 11% 1-2yr ■ 56% new
Of 18 current holders: 10 (56%) entered in the past year, only 6 (33%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
📋

Smaller funds dominant — 7% AUM from top-100

7% from top-100 AUM funds
2 of 18 holders rank in the top 100 by AUM, but together hold only 7% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
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 — PGRO

In 2026 Q1, 9 hedge funds were net buyers of PGRO (2 opened a new position, 7 added to an existing one), while 10 reduced or exited (5 trimmed, 5 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 18.

Hedge Fund Ownership: PGRO

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

Market Analysis: PGRO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PGRO

-- --

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

Is It Too Late to Buy Putnam ETF Trust (PGRO) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much PGRO has moved relative to its sector benchmark (SPY) 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 · 86d ago
PGRO
+13.7%
SPY
+13.0%

PGRO outperformed SPY by +0.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 41d ago
PGRO
-3.9%
SPY
-0.5%

Since the filing became public, PGRO outperformed SPY by -3.4% .

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.

0 top-rated funds 0 high-conviction
Consensus
0.0
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: PGRO
18 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 18 21 -14.29%
13F Shares 1M 1M 8.31%
Total Value $52M $54M -2.3%
New Positions 2 4 -2
Increased Positions 7 8 -1
Closed Positions 5 1 +4
Reduced Positions 5 7 -2
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PGRO

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Financial Highlights

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Institutional Holders (2026 Q1)

18 + investors

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

QUARTER:
Top 18 PGRO holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Next Level Private LLC 1.88% 206,268 $8.3M
2 Prosperity Financial Group, Inc. 1.33% 89,599 $3.6M
3 Sequent Planning LLC 0.99% 101,539 $4.1M
4 Professional Financial Advisors, LLC 0.61% 74,714 $3.0M
5 WealthCare Investment Partners, LLC 0.07% 6,095 $250K
6 Smith, Moore & CO. 0.06% 18,919 $762K
7 Benjamin Edwards Inc 0.04% 108,692 $4.4M
8 Cetera Investment Advisers 0.02% 412,528 $16.6M
9 Mgo One Seven LLC 0.02% 20,735 $835K
10 &Partners 0.01% 49,144 $2.0M
11 Aptus Capital Advisors, LLC 0.01% 21,520 $867K
12 HighTower Advisors, LLC 0.00% 97,848 $3.9M
13 World Investment Advisors 0.00% 6,122 $247K
14 LPL Financial LLC 0.00% 80,471 $3.2M
15 Envestnet Asset Management Inc 0.00% 7,671 $309K
16 Smartleaf Asset Management LLC 0.00% 43 $2K
17 Osaic Holdings, INC. 0.00% 814 $33K
18 Assetmark, Inc 0.00% 119 $5K
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 — Putnam ETF Trust (PGRO)

What does the Smart Money Trend signal show for PGRO?

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

More sellers than buyers — 47% buying: Last quarter: 10 funds reduced or exited vs 9 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 PGRO holders?

Smaller funds dominant — 7% AUM from top-100: 2 of 18 holders rank in the top 100 by AUM, but together hold only 7% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held PGRO?

Mixed — 28% long-term, 39% new: Of the 18 current holders: 5 (28%) held >2 years, 6 held 1–2 years, and 7 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy Putnam ETF Trust (PGRO) following the 2026 Q1 hedge fund 13F filings?

As of today, PGRO has moved -3.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to -0.5% for the SPY sector ETF — an outperformance of -3.4%. Since the quarter end (March 31, 2026), PGRO has gained +13.7% vs +13.0% for SPY. 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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