Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Phreesia Inc (PHR)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -14
Streak
1Q ▼
Buyers last Q
54%

Smart Money Signals — PHR

Based on 226 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 PHR 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 — 94% of 3.0Y peak

94% of all-time peak
226 funds currently hold this stock — 94% of the 3.0-year high of 240 funds (reached 2026 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding PHR is almost the same as a year ago (+7 funds, +3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 54% buying

139 buying118 selling
Last quarter: 139 funds bought or added vs 118 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 (-28 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 50 → 44 → 73 → 45. 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.
🔒

49% of holders stayed for 2+ years

■ 49% conviction (2yr+) ■ 20% medium ■ 31% new
111 out of 226 hedge funds have held PHR 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 +31% but shares only +1% — price-driven

Value
+30%
Shares
+0%
Last quarter: the total dollar value of institutional holdings rose +31%, but actual share count only changed +1%. 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

36 → 50 → 44 → 73 → 45 new funds/Q
New funds entering each quarter: 50 → 44 → 73 → 45. A growing number of institutions are discovering PHR each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 58% veterans vs 33% newcomers

■ 58% veterans ■ 9% 1-2yr ■ 33% new
Entry-cohort mix of 232 holders: 134 (58%) are 2+ year veterans, 22 entered 1–2 years ago, and 76 (33%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 48% AUM from top-100 funds

48% from top-100 AUM funds
48 of 223 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in PHR. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — 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 — PHR

In 2026 Q2, 139 hedge funds were net buyers of PHR (45 opened a new position, 94 added to an existing one), while 118 reduced or exited (59 trimmed, 59 sold completely) — a 54% buyer ratio, indicating a slight buying edge. 48% of total institutional value in PHR is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -14 funds (more exits than new entries). Total institutional holders: 226.

Hedge Fund Ownership: PHR

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

Market Analysis: PHR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PHR

-- --

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.

10 top-rated funds 1 high-conviction
Consensus
4.5
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: PHR
219 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 219 240 -8.75%
13F Shares 59M 59M -0.19%
Total Value $552M $463M 19.2%
New Positions 43 73 -30
Increased Positions 91 80 +11
Closed Positions 61 56 +5
Reduced Positions 57 57 -
Total Calls 6 3 100.0%
Total Puts 3 5 -40.0%
PUT/CALL Ratio 0.5 1.67 Bullish

Statistics: PHR

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

219 + investors

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

QUARTER:
Top 25 PHR holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Pale Fire Capital SE 6.49% 8,924,329 $91.8M
2 Whetstone Capital Advisors, LLC 1.70% 629,752 $6.5M
3 Olympiad Research LP 0.48% 22,453 $231K
4 Palogic Value Management, L.P. 0.41% 120,177 $1.2M
5 Rock Springs Capital Management LP 0.35% 696,900 $7.2M
6 Polymer Capital Management (US) LLC 0.22% 163,890 $1.7M
7 Numerai GP LLC 0.16% 188,045 $1.9M
8 Cambiar Investors LLC 0.15% 339,697 $3.5M
9 Algert Global LLC 0.15% 1,205,481 $12.4M
10 9823 Capital, L.P. 0.09% 12,957 $133K
11 OP Asset Management Ltd 0.08% 705,874 $7.3M
12 Axq Capital, LP 0.07% 67,000 $689K
13 Occudo Quantitative Strategies LP 0.07% 130,469 $1.3M
14 Dynamic Technology Lab Private Ltd 0.07% 29,933 $308K
15 Fox Run Management, L.L.C. 0.06% 37,812 $389K
16 Garner Asset Management Corp 0.05% 14,616 $150K
17 Lgl Partners, LLC 0.05% 12,487 $128K
18 Tocqueville Asset Management L.P. 0.04% 325,000 $3.3M
19 Jacobs Levy Equity Management, Inc 0.04% 1,113,782 $11.5M
20 Moore Capital Management, LP 0.04% 266,676 $2.7M
21 Prelude Capital Management, LLC 0.03% 42,483 $437K
22 Bellevue Group AG 0.03% 140,495 $1.4M
23 Campbell & CO Investment Adviser LLC 0.03% 52,880 $544K
24 Probity Advisors, Inc. 0.03% 19,264 $198K
25 Legacy Advisors, LLC 0.03% 29,162 $300K
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 — Phreesia Inc (PHR)

What does the Smart Money Trend signal show for PHR?

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

Slight buying edge — 54% buying: Last quarter: 139 funds bought or added vs 118 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 PHR holders?

Elite ownership — 48% AUM from top-100 funds: 48 of 223 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in PHR. 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 PHR?

49% of holders stayed for 2+ years: 111 out of 226 hedge funds have held PHR 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.

Full history →