Who owns PAM (PAM)
Which tracked institutional funds hold PAM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PAM 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
27 tracked funds added or opened PAM while 21 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
PAM’s largest tracked holder by dollar value, Helikon Investments Ltd, sizes it at 1.9% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.9pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in PAM 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 85 tracked filers holding PAM, 43 increased or opened the position and 40 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
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 PAM 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 12
- Zeno Equity Partners LLP$17M
- SPX Gestao de Recursos Ltda$14M
- MARSHALL WACE, LLP$12M
- Vennlight Capital Management, LP$9M
- Assenagon Asset Management S.A.$5M
- Jump Financial, LLC$5M
Full exits 7
- Helikon Investments Ltd$50M
- Balyasny Asset Management L.P.$8M
- Banco BTG Pactual S.A.$8M
- Wealth High Governance Capital Ltda$5M
- Eurizon Capital SGR S.p.A.$686K
- Dynamic Technology Lab Private Ltd$595K
Largest adds
- Absolute Gestao de Investimentos Ltda.$17M
- PING CAPITAL MANAGEMENT, INC.$10M
- MORGAN STANLEY$9M
- CITIGROUP INC$7M
- CITADEL ADVISORS LLC$6M
- MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.$5M
Largest trims
- MILLENNIUM MANAGEMENT LLC$8M
- Brevan Howard Capital Management LP$8M
- SELDON CAPITAL LP$7M
- Invesco Ltd.$7M
- JPMORGAN CHASE & CO$4M
- VOLORIDGE INVESTMENT MANAGEMENT, LLC$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 |
|---|---|---|---|---|
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 440,104 | $39M | 7.0% | 2026-Q1 |
| TT International Asset Management LTD added | 336,388 | $30M | 5.4% | 2026-Q1 |
| MORGAN STANLEY added | 333,477 | $30M | 5.3% | 2026-Q1 |
| PING CAPITAL MANAGEMENT, INC. added | 329,500 | $29M | 5.3% | 2026-Q1 |
| Absolute Gestao de Investimentos Ltda. added | 287,383 | $25M | 4.6% | 2026-Q1 |
| PointState Capital LP | 271,221 | $24M | 4.3% | 2026-Q1 |
| Fundamenta Capital S.A. trimmed | 262,713 | $23M | 4.2% | 2026-Q1 |
| VR Advisory Services Ltd | 232,138 | $21M | 3.7% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 233,340 | $20M | 3.7% | 2026-Q1 |
| Zeno Equity Partners LLP new | 1,349,579 | $17M | 3.1% | 2026-Q1 |
| SPX Gestao de Recursos Ltda added | 163,643 | $14M | 2.6% | 2026-Q1 |
| MARSHALL WACE, LLP added | 139,850 | $12M | 2.2% | 2026-Q1 |
| Itau Unibanco Holding S.A. | 120,557 | $11M | 1.9% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 118,464 | $10M | 1.9% | 2026-Q1 |
| CITIGROUP INC added | 114,615 | $10M | 1.8% | 2026-Q1 |
| Vennlight Capital Management, LP new | 105,963 | $9M | 1.7% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 90,913 | $8M | 1.5% | 2026-Q1 |
| Brevan Howard Capital Management LP trimmed | 74,913 | $7M | 1.2% | 2026-Q1 |
| ABS Direct Equity Fund LLC added | 73,961 | $6M | 1.1% | 2026-Q1 |
| WEXFORD CAPITAL LP added | 66,360 | $6M | 1.1% | 2026-Q1 |
| SELDON CAPITAL LP trimmed | 64,457 | $6M | 1.0% | 2026-Q1 |
| Glenorchy Capital Ltd added | 64,297 | $6M | 1.0% | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 62,494 | $6M | 1.0% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 60,504 | $5M | 1.0% | 2026-Q1 |
| Assenagon Asset Management S.A. added | 55,324 | $5M | 0.9% | 2026-Q1 |
| Jump Financial, LLC added | 54,510 | $5M | 0.9% | 2026-Q1 |
| Moneda S.A. Administradora General de Fondos | 48,259 | $4M | 0.8% | 2026-Q1 |
| HSBC HOLDINGS PLC trimmed | 43,261 | $4M | 0.7% | 2026-Q1 |
| Invesco Ltd. trimmed | 36,488 | $3M | 0.6% | 2026-Q1 |
| BW Gestao de Investimentos Ltda. trimmed | 29,043 | $3M | 0.5% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 28,785 | $3M | 0.5% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 27,520 | $2M | 0.4% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 26,150 | $2M | 0.4% | 2026-Q1 |
| Quadrature Capital Ltd added | 23,166 | $2M | 0.4% | 2026-Q1 |
| Aquatic Capital Management LLC added | 21,262 | $2M | 0.3% | 2026-Q1 |
| Driehaus Capital Management LLC | 21,253 | $2M | 0.3% | 2026-Q1 |
| Banco Santander, S.A. added | 20,733 | $2M | 0.3% | 2026-Q1 |
| Marex Group plc added | 20,248 | $2M | 0.3% | 2026-Q1 |
| Y-Intercept (Hong Kong) Ltd added | 17,728 | $2M | 0.3% | 2026-Q1 |
| UBS Group AG trimmed | 17,371 | $2M | 0.3% | 2026-Q1 |
| TITAN GLOBAL CAPITAL MANAGEMENT USA LLC added | 13,612 | $1M | 0.2% | 2026-Q1 |
| XTX Topco Ltd new | 12,530 | $1M | 0.2% | 2026-Q1 |
| DELTEC ASSET MANAGEMENT LLC added | 11,738 | $1M | 0.2% | 2026-Q1 |
| CHESAPEAKE ASSET MANAGEMENT LLC | 11,202 | $991K | 0.2% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 10,537 | $933K | 0.2% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP added | 10,056 | $890K | 0.2% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 8,772 | $776K | 0.1% | 2026-Q1 |
| MIRABELLA FINANCIAL SERVICES LLP trimmed | 7,428 | $657K | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 7,340 | $650K | 0.1% | 2026-Q1 |
| Yorktown Management & Research Co Inc | 7,200 | $637K | 0.1% | 2026-Q1 |
| Connective Portfolio Management, LLC new | 7,000 | $620K | 0.1% | 2026-Q1 |
| Guardian Partners Inc. new | 7,000 | $620K | 0.1% | 2026-Q1 |
| Vident Advisory, LLC added | 6,442 | $570K | 0.1% | 2026-Q1 |
| NORTHERN TRUST CORP added | 6,406 | $567K | 0.1% | 2026-Q1 |
| Pictet Asset Management Holding SA trimmed | 6,202 | $549K | 0.1% | 2026-Q1 |
| Engineers Gate Manager LP trimmed | 5,473 | $484K | 0.1% | 2026-Q1 |
| STATE OF WISCONSIN INVESTMENT BOARD | 4,799 | $425K | 0.1% | 2026-Q1 |
| Squarepoint Ops LLC trimmed | 4,539 | $402K | 0.1% | 2026-Q1 |
| INSIGNEO ADVISORY SERVICES, LLC trimmed | 4,513 | $399K | 0.1% | 2026-Q1 |
| Modern Wealth Management, LLC new | 4,253 | $371K | 0.1% | 2026-Q1 |
| LWM Advisory Services, LLC trimmed | 4,071 | $360K | 0.1% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 3,425 | $303K | 0.1% | 2026-Q1 |
| DGS Capital Management, LLC added | 3,083 | $273K | 0.0% | 2026-Q1 |
| Helikon Investments Ltd trimmed | 565,449 | $50M | 9.0% | 2025-Q4 stale |
| Balyasny Asset Management L.P. trimmed | 89,856 | $8M | 1.4% | 2025-Q4 stale |
| Banco BTG Pactual S.A. added | 88,217 | $8M | 1.4% | 2025-Q4 stale |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC added | 89,640 | $6M | 1.1% | 2025-Q2 stale |
| Alberta Investment Management Corp | 80,131 | $6M | 1.1% | 2025-Q1 stale |
| NEXPOINT ASSET MANAGEMENT, L.P. | 67,700 | $5M | 0.9% | 2025-Q1 stale |
| Wealth High Governance Capital Ltda new | 54,924 | $5M | 0.9% | 2025-Q4 stale |
| TWO SIGMA INVESTMENTS, LP trimmed | 57,126 | $4M | 0.8% | 2025-Q1 stale |
| Cubist Systematic Strategies, LLC added | 58,577 | $4M | 0.7% | 2025-Q2 stale |
| Global IMC LLC trimmed | 50,255 | $4M | 0.7% | 2025-Q1 stale |
| Dorsey Wright & Associates trimmed | 29,907 | $2M | 0.4% | 2025-Q2 stale |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 25,647 | $2M | 0.4% | 2025-Q1 stale |
| WHITTIER TRUST CO added | 23,229 | $2M | 0.3% | 2025-Q2 stale |
| AdvisorShares Investments LLC added | 20,740 | $1M | 0.3% | 2025-Q2 stale |
| TOWNSQUARE CAPITAL LLC added | 14,397 | $1M | 0.2% | 2025-Q1 stale |
| LPL Financial LLC added | 15,082 | $1M | 0.2% | 2025-Q2 stale |
| STIFEL FINANCIAL CORP trimmed | 11,114 | $771K | 0.1% | 2025-Q2 stale |
| WHITTIER TRUST CO OF NEVADA INC added | 10,690 | $742K | 0.1% | 2025-Q2 stale |
| Eurizon Capital SGR S.p.A. new | 7,745 | $686K | 0.1% | 2025-Q4 stale |
| Stratos Wealth Partners, LTD. trimmed | 8,018 | $619K | 0.1% | 2025-Q1 stale |
| Virtu Financial LLC added | 7,881 | $608K | 0.1% | 2025-Q1 stale |
| Verde Servicos Internacionais S.A. added | 10,000 | $601K | 0.1% | 2025-Q3 stale |
| Dynamic Technology Lab Private Ltd trimmed | 6,724 | $595K | 0.1% | 2025-Q4 stale |
| FEDERATED HERMES, INC. new | 8,337 | $578K | 0.1% | 2025-Q2 stale |
| Janney Montgomery Scott LLC trimmed | 6,374 | $564K | 0.1% | 2025-Q4 stale |
| ACADIAN ASSET MANAGEMENT LLC trimmed | 7,969 | $552K | 0.1% | 2025-Q2 stale |
| Diversify Advisory Services, LLC added | 7,172 | $546K | 0.1% | 2025-Q2 stale |
| Cetera Investment Advisers trimmed | 7,763 | $539K | 0.1% | 2025-Q2 stale |
| Atria Investments, Inc added | 7,224 | $501K | 0.1% | 2025-Q2 stale |
| Schonfeld Strategic Advisors LLC trimmed | 4,668 | $413K | 0.1% | 2025-Q4 stale |
| Claro Advisors LLC added | 5,322 | $411K | 0.1% | 2025-Q1 stale |
| Integrated Wealth Concepts LLC new | 4,807 | $334K | 0.1% | 2025-Q2 stale |
| MML INVESTORS SERVICES, LLC trimmed | 5,407 | $325K | 0.1% | 2025-Q3 stale |
| HRT FINANCIAL LP trimmed | 4,422 | $306K | 0.1% | 2025-Q2 stale |
| PERSONAL CFO SOLUTIONS, LLC added | 4,335 | $301K | 0.1% | 2025-Q2 stale |
| Shilanski & Associates, Inc. added | 4,253 | $295K | 0.1% | 2025-Q2 stale |
| DIVERSIFY WEALTH MANAGEMENT, LLC trimmed | 2,966 | $263K | 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.