Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Principal Exchange Traded Fd (PREF)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +7
Streak
1Q ▲
Buyers last Q
62%

Smart Money Signals — PREF

Based on 135 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added PREF 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
135 hedge funds hold PREF 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.
📶

Steady growth — +12% more funds vs a year ago

fund count last 6Q
+14 new funds entered over the past year (+12% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 62% buying

82 buying51 selling
Last quarter: 82 funds were net buyers (23 opened a brand new position + 59 added to an existing one). Only 51 were sellers (35 trimmed + 16 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+9 vs last Q)

new funds entering per quarter
Funds opening a new PREF position: 16 → 24 → 14 → 23. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

44% of holders stayed for 2+ years

■ 44% conviction (2yr+) ■ 30% medium ■ 25% new
60 out of 135 hedge funds have held PREF 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.
➡️

Steady discovery — ~23 new funds/quarter

23 → 16 → 24 → 14 → 23 new funds/Q
New funds entering each quarter: 16 → 24 → 14 → 23. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 48% veterans vs 34% newcomers

■ 48% veterans ■ 18% 1-2yr ■ 34% new
Entry-cohort mix of 135 holders: 65 (48%) are 2+ year veterans, 24 entered 1–2 years ago, and 46 (34%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 74% AUM from top-100 funds

74% from top-100 AUM funds
17 of 135 holders are among the 100 largest funds by AUM, controlling 74% of total institutional value in PREF. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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 — PREF

In 2026 Q2, 82 hedge funds were net buyers of PREF (23 opened a new position, 59 added to an existing one), while 51 reduced or exited (35 trimmed, 16 sold completely) — a 62% buyer ratio, indicating clear institutional accumulation. 74% of total institutional value in PREF is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +7 funds (more new holders than closures). Total institutional holders: 135.

Hedge Fund Ownership: PREF

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

Market Analysis: PREF

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PREF

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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.

4 top-rated funds 2 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
2.5
/ 10
conviction
Hedge Fund Positioning: PREF
135 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 135 128 5.47%
13F Shares 75M 59M 26.73%
Total Value $1.42B $1.11B 27.79%
New Positions 23 14 +9
Increased Positions 59 57 +2
Closed Positions 16 19 -3
Reduced Positions 35 38 -3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PREF

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Institutional Holders (2026 Q2)

135 + investors

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

QUARTER:
Top 25 PREF holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 IFC Advisors LLC 6.71% 2,773,798 $52.9M
2 Rogco, LP 2.37% 406,720 $7.8M
3 Permanens Capital L.P. 2.17% 1,104,859 $21.1M
4 Cornerstone Advisors Asset Management, LLC 2.10% 842,806 $16.1M
5 Meadow Creek Wealth Advisors LLC 2.05% 175,941 $3.4M
6 Bensler, LLC 1.56% 927,050 $17.7M
7 Focused Alpha, LLC 1.45% 296,734 $5.7M
8 PSI Advisors, LLC 1.24% 280,460 $5.3M
9 L2 Asset Management, LLC 0.87% 437,360 $8.3M
10 Grey Ledge Advisors, LLC 0.79% 205,655 $3.9M
11 Valor Advisors LLC 0.78% 49,143 $937K
12 Legacy Bridge, LLC 0.72% 122,830 $2.3M
13 Investment Partners, LTD. 0.59% 99,063 $1.9M
14 Capital Investment Advisory Services, LLC 0.47% 397,911 $7.6M
15 First Citizens Financial Corp 0.46% 58,292 $1.1M
16 Berger Financial Group, Inc 0.43% 441,919 $8.4M
17 Spartan Wealth Advisory Services LLC 0.41% 261,330 $5.0M
18 Gilliland Jeter Wealth Management LLC 0.41% 81,138 $1.5M
19 Henderson Brothers Financial Partners, LLC 0.36% 39,713 $757K
20 MainStreet Investment Advisors LLC 0.36% 137,845 $2.6M
21 Principal Securities, INC. 0.33% 1,419,536 $27.1M
22 Mechanics Financial Corp 0.29% 41,824 $797K
23 Flagstar Securities, Inc 0.28% 48,217 $919K
24 Fiduciary Alliance LLC 0.21% 162,452 $3.1M
25 Tortuga Wealth Management, Inc 0.19% 10,859 $204K
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 — Principal Exchange Traded Fd (PREF)

What does the Smart Money Trend signal show for PREF?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added PREF 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 PREF?

More buyers than sellers — 62% buying: Last quarter: 82 funds were net buyers (23 opened a brand new position + 59 added to an existing one). Only 51 were sellers (35 trimmed + 16 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for PREF holders?

Elite ownership — 74% AUM from top-100 funds: 17 of 135 holders are among the 100 largest funds by AUM, controlling 74% of total institutional value in PREF. 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 PREF?

44% of holders stayed for 2+ years: 60 out of 135 hedge funds have held PREF 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.

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