Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Perma-Pipe Intl Hldgs Inc (PPIH)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +6
Streak
4Q ▲
Buyers last Q
59%

Smart Money Signals — PPIH

Based on 79 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added PPIH 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
79 hedge funds hold PPIH 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 — +103% more funds vs a year ago

fund count last 6Q
+40 new funds entered over the past year (+103% 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 — 59% buying

48 buying34 selling
Last quarter: 48 funds bought or added vs 34 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.
➡️

Steady new buyers — ~22 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 8 → 21 → 26 → 22. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 51% entered in last year

■ 23% conviction (2yr+) ■ 27% medium ■ 51% new
Only 18 funds (23%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
🚀

Acceleration phase — new buyers rushing in

2 → 8 → 21 → 26 → 22 new funds/Q
New funds entering each quarter: 8 → 21 → 26 → 22. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
📊

Mixed cohorts — 29% veterans, 51% new entrants

■ 29% veterans ■ 20% 1-2yr ■ 51% new
Of 82 current holders: 24 (29%) held 2+ years, 16 held 1–2 years, 42 (51%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆

Elite ownership — 40% AUM from top-100 funds

40% from top-100 AUM funds
22 of 79 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in PPIH. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
5.6
out of 10
Moderate Exit Risk
Exit risk score 5.6/10 — 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 — PPIH

In 2026 Q1, 48 hedge funds were net buyers of PPIH (22 opened a new position, 26 added to an existing one), while 34 reduced or exited (18 trimmed, 16 sold completely) — a 59% buyer ratio, indicating a slight buying edge. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 40% of total institutional value in PPIH is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +6 funds (more new holders than closures). Total institutional holders: 79.

Hedge Fund Ownership: PPIH

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

Market Analysis: PPIH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PPIH

-- --

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

Is It Too Late to Buy Perma-Pipe Intl Hldgs Inc (PPIH) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much PPIH has moved relative to its sector benchmark (XLI) 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 · 75d ago
PPIH
-14.9%
XLI
+8.9%

PPIH outperformed XLI by -23.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
PPIH
-20.7%
XLI
+329.7%

Since the filing became public, PPIH outperformed XLI by -350.4% .

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.

10 top-rated funds 0 high-conviction
Consensus
4.5
/ 10
breadth
×
Elite
0.6
/ 10
conviction
Hedge Fund Positioning: PPIH
79 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 79 73 8.22%
13F Shares 4M 4M 3.47%
Total Value $120M $124M -3.34%
New Positions 22 26 -4
Increased Positions 25 22 +3
Closed Positions 16 8 +8
Reduced Positions 17 15 +2
Total Calls 2 3 -33.33%
Total Puts 1 3 -66.67%
PUT/CALL Ratio 0.5 1.0 Bullish

Statistics: PPIH

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 Q1)

79 + investors

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

QUARTER:
Top 25 PPIH holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Caldwell Sutter Capital, INC. 2.84% 234,238 $7.0M
2 Meros Investment Management, LP 0.80% 62,298 $1.9M
3 Truffle Hound Capital, LLC 0.32% 41,000 $1.2M
4 Thompson Davis & CO., INC. 0.24% 12,305 $367K
5 Shufro Rose & Co LLC 0.14% 70,000 $2.1M
6 Informed Momentum Co LLC 0.07% 20,421 $609K
7 683 Capital Management, LLC 0.05% 30,000 $894K
8 Essex Investment Management Co LLC 0.04% 9,526 $284K
9 Founders Capital Management 0.04% 3,000 $89K
10 Bridgeway Capital Management, LLC 0.04% 68,092 $2.0M
11 Royce & Associates LP 0.04% 130,941 $3.9M
12 Corsair Capital Management, L.P. 0.04% 8,377 $250K
13 Arlington Financial Advisors, LLC 0.03% 7,793 $232K
14 Truvestments Capital LLC 0.03% 6,098 $182K
15 Global Trust Asset Management, LLC 0.02% 1,475 $44K
16 ARS Investment Partners, LLC 0.01% 8,831 $263K
17 State of Wyoming 0.01% 3,421 $102K
18 Ritholtz Wealth Management 0.01% 19,554 $583K
19 Renaissance Technologies LLC 0.01% 209,093 $6.2M
20 Hillsdale Investment Management Inc. 0.01% 11,300 $337K
21 Quadrature Capital Ltd 0.01% 18,080 $539K
22 Empowered Funds, LLC 0.01% 29,982 $894K
23 Ashton Thomas Private Wealth, LLC 0.01% 7,483 $223K
24 XTX Topco Ltd 0.01% 9,925 $296K
25 Raymond James Financial Inc 0.00% 508,494 $15.2M
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 — Perma-Pipe Intl Hldgs Inc (PPIH)

What does the Smart Money Trend signal show for PPIH?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added PPIH 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 PPIH?

Slight buying edge — 59% buying: Last quarter: 48 funds bought or added vs 34 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 PPIH holders?

Elite ownership — 40% AUM from top-100 funds: 22 of 79 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in PPIH. 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 PPIH?

Mostly new holders — 51% entered in last year: Only 18 funds (23%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy Perma-Pipe Intl Hldgs Inc (PPIH) following the 2026 Q1 hedge fund 13F filings?

As of today, PPIH has moved -20.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +329.7% for the XLI sector ETF — an outperformance of -350.4%. Since the quarter end (March 31, 2026), PPIH has gained -14.9% vs +8.9% for XLI. 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.

Full history →