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Institutional Ownership · SEC Form 13F

Who owns PACH (PACH)


Which tracked institutional funds hold PACH, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PACH company fundamentals →

Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.

119
Institutional holders
34,112,629
Shares held (tracked funds)

How the tape is positioned

8 tracked funds added or opened PACH while 10 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.

A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.

Conviction spread

PACH’s largest tracked holder by dollar value, Lepercq De Neuflize Asset Management LLC, sizes it at 18.9% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 18.8pp conviction gap — its largest holder concentrates the name more heavily than the typical one.

Book-share is each fund’s reported value in PACH divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.

Institutional & insider positioning

Between 2025-Q4 and 2026-Q1, across 73 tracked filers holding PACH, 15 increased or opened the position and 16 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.

This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.

New buyers & exits

Funds opening or closing a position in PACH between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.

New buyers 3

  • O'Connor Alternative Investments LLC$3M
  • SONA ASSET MANAGEMENT (US) LLC$1M
  • Parallax Volatility Advisers, L.P.$961K

Full exits 2

  • OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC)$3M
  • MIZUHO SECURITIES USA LLC$514K

Largest adds

  • WOLVERINE ASSET MANAGEMENT LLC$2M
  • GLAZER CAPITAL, LLC$2M
  • BNP PARIBAS FINANCIAL MARKETS$421K
  • TORONTO DOMINION BANK$331K
  • Karpus Management, Inc.$250K

Largest trims

  • TENOR CAPITAL MANAGEMENT Co., L.P.$24M
  • Lepercq De Neuflize Asset Management LLC$21M
  • METEORA CAPITAL, LLC$20M
  • Context Capital Management, LLC$4M
  • Clear Street Group Inc.$2M
  • Periscope Capital Inc.$994K

Institutional holders

One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).

FundSharesReported value% of valueQuarter
Lepercq De Neuflize Asset Management LLC266,000$48M15.0%2026-Q1
METEORA CAPITAL, LLC trimmed205,337$37M11.6%2026-Q1
Context Capital Management, LLC trimmed75,000$14M4.2%2026-Q1
Westchester Capital Management, LLC added1,258,612$13M4.0%2026-Q1
D. E. Shaw & Co., Inc.1,252,350$13M4.0%2026-Q1
Magnetar Financial LLC added1,000,000$10M3.2%2026-Q1
Linden Advisors LP1,000,000$10M3.2%2026-Q1
AQR Arbitrage LLC added948,381$10M3.0%2026-Q1
TWO SIGMA INVESTMENTS, LP797,500$8M2.5%2026-Q1
LMR Partners LLP750,000$8M2.4%2026-Q1
HGC Investment Management Inc.743,077$8M2.4%2026-Q1
MMCAP International Inc. SPC750,000$8M2.4%2026-Q1
WOLVERINE ASSET MANAGEMENT LLC added702,778$7M2.2%2026-Q1
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND650,000$7M2.1%2026-Q1
TENOR CAPITAL MANAGEMENT Co., L.P.600,000$6M1.9%2026-Q1
Verition Fund Management LLC trimmed525,558$5M1.7%2026-Q1
Karpus Management, Inc. added501,988$5M1.6%2026-Q1
Jain Global LLC added499,979$5M1.6%2026-Q1
Shaolin Capital Management LLC500,000$5M1.6%2026-Q1
PICTON MAHONEY ASSET MANAGEMENT500,000$5M1.6%2026-Q1
First Trust Capital Management L.P.500,000$5M1.6%2026-Q1
MANGROVE PARTNERS IM, LLC450,000$5M1.4%2026-Q1
OMERS ADMINISTRATION Corp440,000$4M1.4%2026-Q1
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS added400,000$4M1.3%2026-Q1
ARISTEIA CAPITAL, L.L.C.400,000$4M1.3%2026-Q1
Polar Asset Management Partners Inc. trimmed400,000$4M1.3%2026-Q1
TORONTO DOMINION BANK added362,800$4M1.2%2026-Q1
BNP PARIBAS FINANCIAL MARKETS added348,493$4M1.1%2026-Q1
MILLENNIUM MANAGEMENT LLC added287,699$3M0.9%2026-Q1
Ghisallo Capital Management LLC250,000$3M0.8%2026-Q1
O'Connor Alternative Investments LLC new250,000$3M0.8%2026-Q1
Hudson Bay Capital Management LP246,000$2M0.8%2026-Q1
Mint Tower Capital Management B.V.200,000$2M0.6%2026-Q1
TIG Advisors, LLC150,000$2M0.5%2026-Q1
Clear Street Group Inc. trimmed149,456$2M0.5%2026-Q1
BERKLEY W R CORP148,726$2M0.5%2026-Q1
DLD Asset Management, LP added127,737$1M0.4%2026-Q1
SONA ASSET MANAGEMENT (US) LLC new111,059$1M0.4%2026-Q1
SYQUANT CAPITAL SAS110,000$1M0.4%2026-Q1
Lineage Point Capital LP106,805$1M0.3%2026-Q1
Dakota Wealth Management trimmed104,100$1M0.3%2026-Q1
JPMORGAN CHASE & CO100,000$1M0.3%2026-Q1
HEIGHTS CAPITAL MANAGEMENT, INC100,000$1M0.3%2026-Q1
Governors Lane LP added100,000$1M0.3%2026-Q1
Parallax Volatility Advisers, L.P. added94,401$961K0.3%2026-Q1
GRITSTONE ASSET MANAGEMENT LLC added69,324$702K0.2%2026-Q1
Centiva Capital, LP added50,000$508K0.2%2026-Q1
READYSTATE ASSET MANAGEMENT LP31,492$322K0.1%2026-Q1
HRT FINANCIAL LP25,000$255K0.1%2026-Q1
ABC ARBITRAGE SA25,000$253K0.1%2026-Q1
Yakira Capital Management, Inc. trimmed24,485$252K0.1%2026-Q1
L1 Global Manager Pty Ltd24,400$247K0.1%2026-Q1
Rangeley Capital, LLC22,145$228K0.1%2026-Q1
BOOTHBAY FUND MANAGEMENT, LLC trimmed22,500$228K0.1%2026-Q1
PenderFund Capital Management Ltd. trimmed15,200$154K0.0%2026-Q1
DELTEC ASSET MANAGEMENT LLC10,000$101K0.0%2026-Q1
Wealthspring Capital LLC trimmed440,327$79K0.0%2026-Q1
Periscope Capital Inc.304,700$55K0.0%2026-Q1
CSS LLC/IL305,019$55K0.0%2026-Q1
Radcliffe Capital Management, L.P.250,000$51K0.0%2026-Q1
Alberta Investment Management Corp trimmed250,000$45K0.0%2026-Q1
GLAZER CAPITAL, LLC200,000$36K0.0%2026-Q1
WHITEBOX ADVISORS LLC trimmed150,000$27K0.0%2026-Q1
MOORE CAPITAL MANAGEMENT, LP125,000$22K0.0%2026-Q1
RIVERNORTH CAPITAL MANAGEMENT, LLC trimmed124,879$22K0.0%2026-Q1
FNY Investment Advisers, LLC1,000$10K0.0%2026-Q1
Timelo Investment Management Inc. trimmed30,000$5K0.0%2026-Q1
LONGFELLOW INVESTMENT MANAGEMENT CO LLC500$5K0.0%2026-Q1
Endure Capital Management, LLC new22,400$4K0.0%2026-Q1
Kepos Capital LP new23,550$4K0.0%2026-Q1
Stoic Point Capital Management LLC16,887$3K0.0%2026-Q1
MORGAN STANLEY added68$6890.0%2026-Q1
UBS Group AG1,500$2700.0%2026-Q1
CLEAR STREET LLC new597,955$6M1.9%2025-Q2 stale
HIGHBRIDGE CAPITAL MANAGEMENT LLC new499,200$5M1.6%2025-Q2 stale
Saba Capital Management, L.P. new298,473$3M0.9%2025-Q2 stale
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) new250,000$3M0.8%2025-Q4 stale
Alpine Global Management, LLC trimmed225,000$2M0.7%2025-Q3 stale
StoneX Group Inc. trimmed155,000$2M0.5%2025-Q3 stale
ATW SPAC MANAGEMENT LLC trimmed83,391$831K0.3%2025-Q3 stale
CITADEL ADVISORS LLC new56,128$562K0.2%2025-Q2 stale
Bulldog Investors, LLP new55,000$550K0.2%2025-Q2 stale
MIZUHO SECURITIES USA LLC trimmed50,924$514K0.2%2025-Q4 stale
Crossingbridge Advisors, LLC new48,776$488K0.2%2025-Q2 stale
CANTOR FITZGERALD, L. P. added1,738,825$383K0.1%2025-Q3 stale
Decagon Asset Management LLP new34,614$346K0.1%2025-Q2 stale
Virtu Financial LLC trimmed34,201$344K0.1%2025-Q4 stale
Sculptor Capital LP new150,000$32K0.0%2025-Q3 stale
CONCOURSE FINANCIAL GROUP SECURITIES, INC. new00.0%2025-Q2 stale

Ownership over time

Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.

HoldersTotal shares

Reading this table

Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.

About 13F filings

A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.

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