Who owns 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-Q2 13F filings (latest filed 2026-09-02). 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
22 tracked funds added or opened PAM while 33 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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 1.5% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.5pp 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 2026-Q1 and 2026-Q2, across 84 tracked filers holding PAM, 45 increased or opened the position and 41 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
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 2026-Q1 and 2026-Q2 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 7
- Candriam S.C.A.$14M
- ABS Investment Management LLC$8M
- DISCOVERY CAPITAL MANAGEMENT, LLC / CT$5M
- TWO SIGMA INVESTMENTS, LP$3M
- Bridgewater Associates, LP$2M
- WINTON GROUP Ltd$608K
Full exits 10
- TT International Asset Management LTD$30M
- Moneda S.A. Administradora General de Fondos$4M
- BW Gestao de Investimentos Ltda.$3M
- Wealth High Governance Capital Ltda$3M
- JANE STREET GROUP, LLC$2M
- Wealth High Governance Asset Management Ltda.$2M
Largest adds
- SPX Gestao de Recursos Ltda$30M
- WEXFORD CAPITAL LP$12M
- BNP PARIBAS FINANCIAL MARKETS$6M
- Itau Unibanco Holding S.A.$6M
- Qube Research & Technologies Ltd$5M
- XTX Topco Ltd$2M
Largest trims
- MARSHALL WACE, LLP$10M
- Zeno Equity Partners LLP$8M
- Absolute Gestao de Investimentos Ltda.$7M
- MORGAN STANLEY$6M
- CITIGROUP INC$6M
- Fundamenta Capital S.A.$5M
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 |
|---|---|---|---|---|
| SPX Gestao de Recursos Ltda added | 547,637 | $45M | 8.1% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 441,152 | $36M | 6.5% | 2026-Q2 |
| PING CAPITAL MANAGEMENT, INC. added | 368,000 | $30M | 5.4% | 2026-Q2 |
| MORGAN STANLEY trimmed | 281,100 | $23M | 4.2% | 2026-Q2 |
| PointState Capital LP | 271,221 | $22M | 4.0% | 2026-Q2 |
| VR Advisory Services Ltd | 232,138 | $19M | 3.4% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 229,368 | $19M | 3.4% | 2026-Q2 |
| Absolute Gestao de Investimentos Ltda. trimmed | 222,572 | $18M | 3.3% | 2026-Q2 |
| Fundamenta Capital S.A. trimmed | 219,498 | $18M | 3.2% | 2026-Q2 |
| WEXFORD CAPITAL LP added | 216,978 | $18M | 3.2% | 2026-Q2 |
| Itau Unibanco Holding S.A. added | 195,918 | $16M | 2.9% | 2026-Q2 |
| Candriam S.C.A. added | 170,000 | $14M | 2.5% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 116,953 | $10M | 1.7% | 2026-Q2 |
| Zeno Equity Partners LLP trimmed | 112,816 | $9M | 1.7% | 2026-Q2 |
| ABS Direct Equity Fund LLC added | 77,660 | $8M | 1.5% | 2026-Q2 |
| ABS Investment Management LLC new | 77,660 | $8M | 1.5% | 2026-Q2 |
| Vennlight Capital Management, LP trimmed | 96,417 | $8M | 1.4% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 90,314 | $7M | 1.3% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 82,021 | $7M | 1.2% | 2026-Q2 |
| Brevan Howard Capital Management LP added | 75,913 | $6M | 1.1% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 68,067 | $6M | 1.0% | 2026-Q2 |
| Glenorchy Capital Ltd added | 65,655 | $5M | 1.0% | 2026-Q2 |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT trimmed | 65,200 | $5M | 1.0% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 55,681 | $5M | 0.8% | 2026-Q2 |
| CITIGROUP INC trimmed | 54,381 | $4M | 0.8% | 2026-Q2 |
| SELDON CAPITAL LP trimmed | 53,631 | $4M | 0.8% | 2026-Q2 |
| Assenagon Asset Management S.A. trimmed | 51,116 | $4M | 0.8% | 2026-Q2 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 46,833 | $4M | 0.7% | 2026-Q2 |
| Driehaus Capital Management LLC added | 43,172 | $4M | 0.6% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 40,556 | $3M | 0.6% | 2026-Q2 |
| XTX Topco Ltd added | 40,462 | $3M | 0.6% | 2026-Q2 |
| HSBC HOLDINGS PLC trimmed | 34,672 | $3M | 0.5% | 2026-Q2 |
| MARSHALL WACE, LLP trimmed | 30,706 | $3M | 0.5% | 2026-Q2 |
| Jump Financial, LLC trimmed | 30,600 | $3M | 0.5% | 2026-Q2 |
| Y-Intercept (Hong Kong) Ltd added | 29,917 | $2M | 0.4% | 2026-Q2 |
| Bridgewater Associates, LP new | 28,410 | $2M | 0.4% | 2026-Q2 |
| Point72 Asset Management, L.P. added | 27,787 | $2M | 0.4% | 2026-Q2 |
| UBS Group AG added | 27,571 | $2M | 0.4% | 2026-Q2 |
| Invesco Ltd. trimmed | 24,586 | $2M | 0.4% | 2026-Q2 |
| Pictet Asset Management Holding SA added | 21,296 | $2M | 0.3% | 2026-Q2 |
| DELTEC ASSET MANAGEMENT LLC added | 20,688 | $2M | 0.3% | 2026-Q2 |
| Engineers Gate Manager LP added | 15,855 | $1M | 0.2% | 2026-Q2 |
| TITAN GLOBAL CAPITAL MANAGEMENT USA LLC added | 13,910 | $1M | 0.2% | 2026-Q2 |
| Marex Group Ltd trimmed | 11,653 | $957K | 0.2% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 10,100 | $830K | 0.1% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP | 10,056 | $826K | 0.1% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 8,785 | $722K | 0.1% | 2026-Q2 |
| Vident Advisory, LLC added | 7,932 | $651K | 0.1% | 2026-Q2 |
| WINTON GROUP Ltd new | 7,400 | $608K | 0.1% | 2026-Q2 |
| Yorktown Management & Research Co Inc | 7,200 | $591K | 0.1% | 2026-Q2 |
| Connective Portfolio Management, LLC | 7,000 | $575K | 0.1% | 2026-Q2 |
| Guardian Partners Inc. | 7,000 | $575K | 0.1% | 2026-Q2 |
| NORTHERN TRUST CORP added | 6,461 | $531K | 0.1% | 2026-Q2 |
| Brookstone Capital Management new | 6,363 | $523K | 0.1% | 2026-Q2 |
| CHESAPEAKE ASSET MANAGEMENT LLC | 11,202 | $403K | 0.1% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 4,316 | $354K | 0.1% | 2026-Q2 |
| Modern Wealth Management, LLC trimmed | 4,250 | $349K | 0.1% | 2026-Q2 |
| LWM Advisory Services, LLC | 4,071 | $334K | 0.1% | 2026-Q2 |
| R Squared Ltd added | 3,793 | $312K | 0.1% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 3,450 | $283K | 0.1% | 2026-Q2 |
| Empowered Funds, LLC new | 3,221 | $265K | 0.0% | 2026-Q2 |
| PFG Investments, LLC | 2,500 | $205K | 0.0% | 2026-Q2 |
| INSIGNEO ADVISORY SERVICES, LLC trimmed | 2,476 | $203K | 0.0% | 2026-Q2 |
| GAMMA Investing LLC trimmed | 1,607 | $132K | 0.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. trimmed | 1,042 | $86K | 0.0% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 1,014 | $83K | 0.0% | 2026-Q2 |
| Caitong International Asset Management Co., Ltd added | 976 | $80K | 0.0% | 2026-Q2 |
| Blue Trust, Inc. added | 701 | $58K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 672 | $55K | 0.0% | 2026-Q2 |
| Rockefeller Capital Management L.P. | 215 | $18K | 0.0% | 2026-Q2 |
| GROUP ONE TRADING LLC trimmed | 203 | $17K | 0.0% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec | 200 | $16K | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 198 | $16K | 0.0% | 2026-Q2 |
| EverSource Wealth Advisors, LLC trimmed | 193 | $16K | 0.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC trimmed | 164 | $13K | 0.0% | 2026-Q2 |
| SBI Securities Co., Ltd. trimmed | 156 | $13K | 0.0% | 2026-Q2 |
| Advisors Asset Management, Inc. added | 123 | $10K | 0.0% | 2026-Q2 |
| Financial Perspectives, Inc | 114 | $9K | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN | 84 | $7K | 0.0% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 19 | $2K | 0.0% | 2026-Q2 |
| BARCLAYS PLC | 3 | $246 | 0.0% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP | 3 | $242 | 0.0% | 2026-Q2 |
| Physician Wealth Advisors, Inc. | 1 | $83 | 0.0% | 2026-Q2 |
| Silver Grove Financial Group, Inc. new | 1 | $82 | 0.0% | 2026-Q2 |
| TT International Asset Management LTD added | 336,388 | $30M | 5.4% | 2026-Q1 stale (1 quarter behind) |
| Moneda S.A. Administradora General de Fondos | 48,259 | $4M | 0.8% | 2026-Q1 stale (1 quarter behind) |
| BW Gestao de Investimentos Ltda. trimmed | 29,043 | $3M | 0.5% | 2026-Q1 stale (1 quarter behind) |
| Wealth High Governance Capital Ltda trimmed | 29,043 | $3M | 0.5% | 2026-Q1 stale (1 quarter behind) |
| JANE STREET GROUP, LLC added | 26,150 | $2M | 0.4% | 2026-Q1 stale (1 quarter behind) |
| Wealth High Governance Asset Management Ltda. added | 24,714 | $2M | 0.4% | 2026-Q1 stale (1 quarter behind) |
| Quadrature Capital Ltd added | 23,166 | $2M | 0.4% | 2026-Q1 stale (1 quarter behind) |
| Aquatic Capital Management LLC added | 21,262 | $2M | 0.3% | 2026-Q1 stale (1 quarter behind) |
| Banco Santander, S.A. added | 20,733 | $2M | 0.3% | 2026-Q1 stale (1 quarter behind) |
| Helikon Investments Ltd trimmed | 565,449 | $50M | 9.0% | 2025-Q4 stale (2 quarters behind) |
| Balyasny Asset Management L.P. trimmed | 89,856 | $8M | 1.4% | 2025-Q4 stale (2 quarters behind) |
| Banco BTG Pactual S.A. added | 88,217 | $8M | 1.4% | 2025-Q4 stale (2 quarters behind) |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC added | 89,640 | $6M | 1.1% | 2025-Q2 stale (4 quarters behind) |
| Cubist Systematic Strategies, LLC added | 58,577 | $4M | 0.7% | 2025-Q2 stale (4 quarters behind) |
| Dorsey Wright & Associates trimmed | 29,907 | $2M | 0.4% | 2025-Q2 stale (4 quarters behind) |
| WHITTIER TRUST CO added | 23,229 | $2M | 0.3% | 2025-Q2 stale (4 quarters behind) |
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.