Who owns PAL (PAL)
Which tracked institutional funds hold PAL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PAL 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.
How the tape is positioned
13 tracked funds added or opened PAL while 26 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
PAL’s largest tracked holder by dollar value, FMR LLC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in PAL 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 102 tracked filers holding PAL, 69 increased or opened the position and 35 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
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 PAL 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 4
- VANGUARD CAPITAL MANAGEMENT LLC$7M
- VANGUARD FIDUCIARY TRUST CO$1M
- VANGUARD PORTFOLIO MANAGEMENT LLC$952K
- VICTORY CAPITAL MANAGEMENT INC$562K
Full exits 4
- VANGUARD GROUP INC$12M
- Optimize Financial Inc$4M
- 4D Advisors, LLC$2M
- Owls Nest Partners IA, LLC$1M
Largest adds
- MORGAN STANLEY$2M
- AQR CAPITAL MANAGEMENT LLC$2M
- RAYMOND JAMES FINANCIAL INC$1M
- Empowered Funds, LLC$1M
- ALGERT GLOBAL LLC$563K
- VELA Investment Management, LLC$484K
Largest trims
- FMR LLC$15M
- AMERICAN CENTURY COMPANIES INC$6M
- Boston Partners$6M
- BlackRock, Inc.$4M
- FRANKLIN RESOURCES INC$4M
- DIAMOND HILL CAPITAL MANAGEMENT INC$3M
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).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| FMR LLC trimmed | 3,780,152 | $26M | 15.5% | 2026-Q1 |
| Boston Partners added | 2,196,975 | $15M | 9.0% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 1,739,654 | $12M | 7.1% | 2026-Q1 |
| BlackRock, Inc. trimmed | 1,502,398 | $10M | 6.1% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 987,776 | $7M | 4.0% | 2026-Q1 |
| DIAMOND HILL CAPITAL MANAGEMENT INC trimmed | 875,892 | $6M | 3.6% | 2026-Q1 |
| ROYCE & ASSOCIATES LP added | 699,323 | $5M | 2.9% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 694,387 | $5M | 2.8% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 673,052 | $5M | 2.8% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 608,349 | $4M | 2.5% | 2026-Q1 |
| De Lisle Partners LLP added | 574,295 | $4M | 2.3% | 2026-Q1 |
| Alyeska Investment Group, L.P. trimmed | 471,930 | $3M | 1.9% | 2026-Q1 |
| STATE STREET CORP added | 446,635 | $3M | 1.8% | 2026-Q1 |
| VELA Investment Management, LLC added | 412,605 | $3M | 1.7% | 2026-Q1 |
| MORGAN STANLEY added | 344,687 | $2M | 1.4% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 324,242 | $2M | 1.3% | 2026-Q1 |
| BRIGHTLIGHT CAPITAL MANAGEMENT LP trimmed | 288,700 | $2M | 1.2% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 264,070 | $2M | 1.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 229,315 | $2M | 0.9% | 2026-Q1 |
| Empowered Funds, LLC added | 219,169 | $1M | 0.9% | 2026-Q1 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC added | 197,160 | $1M | 0.8% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 181,254 | $1M | 0.7% | 2026-Q1 |
| NORTHERN TRUST CORP added | 180,933 | $1M | 0.7% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 149,732 | $1M | 0.6% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 140,429 | $952K | 0.6% | 2026-Q1 |
| UBS Group AG added | 129,047 | $875K | 0.5% | 2026-Q1 |
| WEDGE CAPITAL MANAGEMENT L L P/NC added | 116,717 | $791K | 0.5% | 2026-Q1 |
| ALGERT GLOBAL LLC added | 113,182 | $767K | 0.5% | 2026-Q1 |
| Nuveen, LLC added | 106,259 | $720K | 0.4% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC added | 82,943 | $562K | 0.3% | 2026-Q1 |
| EverSource Wealth Advisors, LLC added | 6,459 | $484K | 0.3% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 70,627 | $479K | 0.3% | 2026-Q1 |
| Verition Fund Management LLC trimmed | 65,000 | $441K | 0.3% | 2026-Q1 |
| LIBERTY SQUARE WEALTH PARTNERS LLC new | 62,176 | $422K | 0.3% | 2026-Q1 |
| GROUP ONE TRADING LLC trimmed | 56,443 | $383K | 0.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 52,349 | $355K | 0.2% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 48,739 | $330K | 0.2% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 45,900 | $311K | 0.2% | 2026-Q1 |
| Nicholas Hoffman & Company, LLC. added | 40,000 | $271K | 0.2% | 2026-Q1 |
| Thrivent Financial for Lutherans new | 36,193 | $245K | 0.1% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 36,034 | $244K | 0.1% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 31,235 | $212K | 0.1% | 2026-Q1 |
| RBF Capital, LLC | 30,000 | $203K | 0.1% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 28,157 | $191K | 0.1% | 2026-Q1 |
| Engineers Gate Manager LP added | 27,211 | $184K | 0.1% | 2026-Q1 |
| Dynamic Technology Lab Private Ltd trimmed | 25,357 | $172K | 0.1% | 2026-Q1 |
| Vident Advisory, LLC new | 25,356 | $172K | 0.1% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 25,100 | $170K | 0.1% | 2026-Q1 |
| Invesco Ltd. added | 24,650 | $167K | 0.1% | 2026-Q1 |
| FIFTH THIRD BANCORP new | 24,567 | $167K | 0.1% | 2026-Q1 |
| BARCLAYS PLC trimmed | 23,671 | $160K | 0.1% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 20,465 | $139K | 0.1% | 2026-Q1 |
| IEQ CAPITAL, LLC new | 20,446 | $139K | 0.1% | 2026-Q1 |
| Brevan Howard Capital Management LP added | 20,160 | $137K | 0.1% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. | 13,800 | $133K | 0.1% | 2026-Q1 |
| PRELUDE CAPITAL MANAGEMENT, LLC new | 17,680 | $120K | 0.1% | 2026-Q1 |
| FRANKLIN RESOURCES INC trimmed | 17,392 | $118K | 0.1% | 2026-Q1 |
| SEI INVESTMENTS CO | 16,243 | $110K | 0.1% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ | 15,636 | $107K | 0.1% | 2026-Q1 |
| XTX Topco Ltd added | 11,835 | $80K | 0.0% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 11,703 | $79K | 0.0% | 2026-Q1 |
| Mariner, LLC new | 11,458 | $78K | 0.0% | 2026-Q1 |
| IMC-Chicago, LLC new | 11,395 | $77K | 0.0% | 2026-Q1 |
| Centiva Capital, LP trimmed | 11,219 | $76K | 0.0% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 10,018 | $68K | 0.0% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 9,847 | $63K | 0.0% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 9,159 | $62K | 0.0% | 2026-Q1 |
| CWM, LLC added | 8,900 | $60K | 0.0% | 2026-Q1 |
| Police & Firemen's Retirement System of New Jersey | 7,595 | $51K | 0.0% | 2026-Q1 |
| MetLife Investment Management, LLC trimmed | 5,384 | $37K | 0.0% | 2026-Q1 |
| VANGUARD GROUP INC added | 1,260,706 | $12M | 7.3% | 2025-Q4 stale |
| Optimize Financial Inc trimmed | 372,967 | $4M | 2.2% | 2025-Q4 stale |
| 4D Advisors, LLC new | 200,000 | $2M | 1.2% | 2025-Q4 stale |
| EMERALD MUTUAL FUND ADVISERS TRUST trimmed | 273,289 | $2M | 1.1% | 2025-Q3 stale |
| Bastion Asset Management Inc. trimmed | 196,329 | $2M | 1.0% | 2025-Q2 stale |
| NEXT CENTURY GROWTH INVESTORS LLC trimmed | 222,465 | $2M | 1.0% | 2025-Q2 stale |
| First Eagle Investment Management, LLC trimmed | 165,469 | $1M | 0.7% | 2025-Q3 stale |
| Owls Nest Partners IA, LLC trimmed | 115,484 | $1M | 0.7% | 2025-Q4 stale |
| SCOPUS ASSET MANAGEMENT, L.P. trimmed | 144,990 | $1M | 0.6% | 2025-Q2 stale |
| Aperture Investors, LLC | 111,573 | $810K | 0.5% | 2025-Q2 stale |
| Brookwood Investment Group LLC added | 47,970 | $462K | 0.3% | 2025-Q4 stale |
| WINTON GROUP Ltd trimmed | 54,312 | $455K | 0.3% | 2025-Q1 stale |
| EMERALD ADVISERS, LLC | 45,025 | $434K | 0.3% | 2025-Q4 stale |
| AYAL Capital Advisors Ltd trimmed | 49,500 | $341K | 0.2% | 2025-Q3 stale |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 37,466 | $314K | 0.2% | 2025-Q1 stale |
| KENNEDY CAPITAL MANAGEMENT LLC trimmed | 36,278 | $304K | 0.2% | 2025-Q1 stale |
| Windsor Advisory Group, LLC new | 36,836 | $254K | 0.2% | 2025-Q3 stale |
| Sender Co & Partners, Inc. added | 36,700 | $253K | 0.2% | 2025-Q3 stale |
| CITADEL ADVISORS LLC trimmed | 24,627 | $237K | 0.1% | 2025-Q4 stale |
| COMERICA BANK trimmed | 20,262 | $195K | 0.1% | 2025-Q4 stale |
| PharVision Advisers, LLC new | 22,351 | $162K | 0.1% | 2025-Q2 stale |
| PDT Partners, LLC trimmed | 19,267 | $161K | 0.1% | 2025-Q1 stale |
| AlphaQuest LLC new | 15,125 | $146K | 0.1% | 2025-Q4 stale |
| STIFEL FINANCIAL CORP added | 19,900 | $144K | 0.1% | 2025-Q2 stale |
| MARSHALL WACE, LLP trimmed | 19,600 | $135K | 0.1% | 2025-Q3 stale |
| Atom Investors LP trimmed | 14,884 | $108K | 0.1% | 2025-Q2 stale |
| Odyssean, LLC new | 10,135 | $98K | 0.1% | 2025-Q4 stale |
| Corebridge Financial, Inc. added | 10,409 | $87K | 0.1% | 2025-Q1 stale |
| INTECH INVESTMENT MANAGEMENT LLC trimmed | 11,123 | $77K | 0.0% | 2025-Q3 stale |
| FNY Investment Advisers, LLC added | 5,800 | $39K | 0.0% | 2025-Q3 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.
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.