Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Perpetua Resources Corp (PPTA)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -12
Streak
1Q ▼
Buyers last Q
49%

Smart Money Signals — PPTA

Based on 253 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 PPTA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (95% of max)

95% of all-time peak
253 hedge funds hold PPTA 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 — +40% more funds vs a year ago

fund count last 6Q
+72 new funds entered over the past year (+40% 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 — 49% buying

131 buying137 selling
Last quarter: 137 funds reduced or exited vs 131 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.
⚠️

Fewer new buyers each quarter (-7 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 65 → 77 → 47 → 40. 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.
🔄

Mostly new holders — 36% entered in last year

■ 23% conviction (2yr+) ■ 41% medium ■ 36% new
Only 59 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.
💎

Buying through price weakness — shares +4%, value -19%

Value
-18%
Shares
+4%
Last quarter: funds added +4% more shares while total portfolio value only changed -19%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

71 → 65 → 77 → 47 → 40 new funds/Q
New funds entering each quarter: 65 → 77 → 47 → 40. PPTA is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
📊

Mixed cohorts — 30% veterans, 51% new entrants

■ 30% veterans ■ 19% 1-2yr ■ 51% new
Of 263 current holders: 80 (30%) held 2+ years, 50 held 1–2 years, 133 (51%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅

Strong quality — 35% AUM from major funds

35% from top-100 AUM funds
50 of 248 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — 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 — PPTA

In 2026 Q2, 131 hedge funds were net buyers of PPTA (40 opened a new position, 91 added to an existing one), while 137 reduced or exited (85 trimmed, 52 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. 35% of total institutional value in PPTA is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -12 funds (more exits than new entries). Total institutional holders: 253.

Hedge Fund Ownership: PPTA

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

Market Analysis: PPTA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PPTA

-- --

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

Is It Too Late to Buy Perpetua Resources Corp (PPTA) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much PPTA has moved relative to its sector benchmark (SPY) since the 2026 Q2 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 June 30, 2026 · 87d ago
PPTA
+12.8%
SPY
+3.1%

PPTA outperformed SPY by +9.7% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 42d ago
PPTA
-7.2%
SPY
-1.8%

Since the filing became public, PPTA outperformed SPY by -5.4% .

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.

12 top-rated funds 1 high-conviction
Consensus
4.8
/ 10
breadth
×
Elite
1.9
/ 10
conviction
Hedge Fund Positioning: PPTA
246 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 246 265 -7.17%
13F Shares 88M 87M 2.04%
Total Value $1.80B $2.34B -23.12%
New Positions 40 47 -7
Increased Positions 86 96 -10
Closed Positions 54 37 +17
Reduced Positions 81 78 +3
Total Calls 9 10 -10.0%
Total Puts 6 6 -
PUT/CALL Ratio 0.67 0.6 Bullish

Statistics: PPTA

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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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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Total Cash (mrq) --
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Institutional Holders (2026 Q2)

246 + investors

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

QUARTER:
Top 25 PPTA holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Paulson & CO. INC. 26.07% 32,347,299 $671.5M
2 Acuitas Investments, LLC 4.36% 3,000 $62K
3 Soviero Asset Management, LP 1.62% 185,000 $3.8M
4 Sprott INC. 1.36% 2,072,699 $43.0M
5 PCJ Investment Counsel Ltd. 1.08% 180,390 $3.7M
6 Discovery Capital Management, LLC / Ct 1.02% 1,186,700 $24.6M
7 Accordant Advisory Group Inc 1.01% 72,104 $1.5M
8 OnyxPoint Global Management LP 0.79% 166,343 $3.5M
9 Pinnacle Wealth Management Group, Inc. 0.51% 52,910 $1.1M
10 Empyrean Capital Partners, LP 0.46% 677,000 $14.1M
11 Pekin Hardy Strauss, Inc. 0.41% 224,927 $4.7M
12 Krilogy Financial LLC 0.37% 607,974 $12.6M
13 Steadtrust LLC 0.35% 32,900 $683K
14 Nokomis Capital, L.L.C. 0.33% 47,649 $989K
15 Axxion S.A. 0.32% 214,000 $4.4M
16 Arrien Investments, INC. 0.29% 27,704 $575K
17 Tidal Investments LLC 0.18% 4,894,757 $101.6M
18 Hickory Point Bank & Trust 0.13% 10,000 $208K
19 Caprock Group, LLC 0.09% 228,872 $4.8M
20 Caitong International Asset Management Co., Ltd 0.08% 26,786 $556K
21 Harbor Investment Advisory, LLC 0.06% 42,638 $885K
22 Brevan Howard Capital Management LP 0.06% 390,840 $8.1M
23 PKS Advisory Services, LLC 0.06% 18,122 $376K
24 U S Global Investors Inc 0.06% 30,000 $623K
25 Alyeska Investment Group, L.P. 0.06% 1,099,408 $22.8M
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 — Perpetua Resources Corp (PPTA)

What does the Smart Money Trend signal show for PPTA?

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

More sellers than buyers — 49% buying: Last quarter: 137 funds reduced or exited vs 131 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 PPTA holders?

Strong quality — 35% AUM from major funds: 50 of 248 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held PPTA?

Mostly new holders — 36% entered in last year: Only 59 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 Perpetua Resources Corp (PPTA) following the 2026 Q2 hedge fund 13F filings?

As of today, PPTA has moved -7.2% since the 2026 Q2 13F filing date (August 14, 2026), compared to -1.8% for the SPY sector ETF — an outperformance of -5.4%. Since the quarter end (June 30, 2026), PPTA has gained +12.8% vs +3.1% 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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