Based on 64 hedge funds · latest filing: 2023 Q2 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added PRTK 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.
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Below peak — only 60% of 3.0Y high
60% of all-time peak
Only 64 funds hold PRTK today versus a peak of 107 funds at 2021 Q2 — just 60% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
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Outflows — 12% fewer funds vs a year ago
fund count last 6Q
9 fewer hedge funds hold PRTK compared to a year ago (-12% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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More sellers than buyers — 47% buying
32 buying36 selling
Last quarter: 36 funds reduced or exited vs 32 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.
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More new buyers each quarter (+13 vs last Q)
new funds entering per quarter
Funds opening a new PRTK position: 5 → 14 → 7 → 20. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
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Buying through price weakness — shares -8%, value -98%
Last quarter: funds added -8% more shares while total portfolio value only changed -98%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
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Growing discovery — still being found
11 → 5 → 14 → 7 → 20 new funds/Q
New funds entering each quarter: 5 → 14 → 7 → 20. A growing number of institutions are discovering PRTK each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
Exit risk score 1.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.