Who owns PAR
Which tracked institutional funds hold PAR, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PAR company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 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
76 tracked funds added or opened PAR while 28 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
PAR’s largest tracked holder by dollar value, Voss Capital, LP, sizes it at 5.2% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 5.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in PAR 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 200 tracked filers holding PAR, 121 increased or opened the position and 94 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 PAR 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 15
- Irenic Capital Management LP$22M
- Buckley Capital Advisors, LLC$9M
- TWO SIGMA INVESTMENTS, LP$7M
- RICE HALL JAMES & ASSOCIATES, LLC$7M
- Divisadero Street Capital Management, LP$5M
- ABS Investment Management LLC$3M
Full exits 12
- T. Rowe Price Investment Management, Inc.$35M
- Long Focus Capital Management, LLC$13M
- ROYCE & ASSOCIATES LP$8M
- Madison Avenue Partners, LP$6M
- CAPTRUST FINANCIAL ADVISORS$3M
- Clearbridge Investments, LLC$3M
Largest adds
- Voss Capital, LP$38M
- BlackRock, Inc.$24M
- Samjo Management, LLC$10M
- Progeny 3, Inc.$8M
- JANE STREET GROUP, LLC$7M
- VANGUARD CAPITAL MANAGEMENT LLC$7M
Largest trims
- FMR LLC$14M
- BAMCO INC /NY/$13M
- GOLDMAN SACHS GROUP INC$9M
- DIMENSIONAL FUND ADVISORS LP$7M
- Engineers Gate Manager LP$3M
- BALYASNY ASSET MANAGEMENT L.P.$2M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Irenic Capital Management LP new | 27,226,000 | $22M | 2.8% | 2026-Q2 |
| Voss Capital, LP added | 5,925,000 | $103M | 13.0% | 2026-Q2 |
| BlackRock, Inc. added | 4,050,665 | $71M | 8.9% | 2026-Q2 |
| Newtyn Management, LLC trimmed | 2,418,754 | $42M | 5.3% | 2026-Q2 |
| Progeny 3, Inc. trimmed | 2,124,058 | $37M | 4.6% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 1,769,498 | $31M | 3.9% | 2026-Q2 |
| MARSHALL WACE, LLP trimmed | 1,526,600 | $27M | 3.3% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC trimmed | 1,192,546 | $21M | 2.6% | 2026-Q2 |
| STATE STREET CORP added | 1,189,517 | $21M | 2.6% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 1,065,952 | $19M | 2.3% | 2026-Q2 |
| Capital Research Global Investors trimmed | 1,027,788 | $18M | 2.2% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. added | 966,159 | $17M | 2.1% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 953,267 | $17M | 2.1% | 2026-Q2 |
| FEDERATED HERMES, INC. added | 888,208 | $15M | 1.9% | 2026-Q2 |
| BROOKTREE CAPITAL MANAGEMENT added | 873,990 | $15M | 1.9% | 2026-Q2 |
| Greenhaven Road Investment Management, L.P. added | 817,888 | $14M | 1.8% | 2026-Q2 |
| Samjo Management, LLC added | 816,505 | $14M | 1.8% | 2026-Q2 |
| PenderFund Capital Management Ltd. | 812,462 | $14M | 1.8% | 2026-Q2 |
| FMR LLC trimmed | 745,236 | $13M | 1.6% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 745,016 | $13M | 1.6% | 2026-Q2 |
| Bandera Partners LLC | 700,000 | $12M | 1.5% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 677,452 | $12M | 1.5% | 2026-Q2 |
| ADW Capital Management, LLC added | 609,429 | $11M | 1.3% | 2026-Q2 |
| MORGAN STANLEY trimmed | 549,502 | $10M | 1.2% | 2026-Q2 |
| SEGALL BRYANT & HAMILL, LLC added | 524,624 | $9M | 1.1% | 2026-Q2 |
| Buckley Capital Advisors, LLC new | 514,659 | $9M | 1.1% | 2026-Q2 |
| Stephens Investment Management Group LLC added | 483,261 | $8M | 1.1% | 2026-Q2 |
| AYAL Capital Advisors Ltd added | 450,000 | $8M | 1.0% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 421,491 | $7M | 0.9% | 2026-Q2 |
| KENNEDY CAPITAL MANAGEMENT LLC trimmed | 408,379 | $7M | 0.9% | 2026-Q2 |
| UBS Group AG added | 405,912 | $7M | 0.9% | 2026-Q2 |
| Visionary Wealth Advisors added | 392,907 | $7M | 0.9% | 2026-Q2 |
| NORTHERN TRUST CORP added | 382,380 | $7M | 0.8% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 379,117 | $7M | 0.8% | 2026-Q2 |
| RICE HALL JAMES & ASSOCIATES, LLC new | 378,930 | $7M | 0.8% | 2026-Q2 |
| WITTENBERG INVESTMENT MANAGEMENT, INC. added | 366,945 | $6M | 0.8% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 355,361 | $6M | 0.8% | 2026-Q2 |
| Redmond Asset Management, LLC added | 331,581 | $6M | 0.7% | 2026-Q2 |
| Nuveen, LLC added | 314,870 | $5M | 0.7% | 2026-Q2 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed | 307,941 | $5M | 0.7% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 297,398 | $5M | 0.7% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 287,000 | $5M | 0.6% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 273,212 | $5M | 0.6% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 268,117 | $5M | 0.6% | 2026-Q2 |
| Divisadero Street Capital Management, LP new | 267,965 | $5M | 0.6% | 2026-Q2 |
| GABELLI FUNDS LLC added | 186,700 | $3M | 0.4% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 152,076 | $3M | 0.3% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 152,026 | $3M | 0.3% | 2026-Q2 |
| ABS Investment Management LLC new | 150,000 | $3M | 0.3% | 2026-Q2 |
| ABS Direct Equity Fund LLC | 150,000 | $3M | 0.3% | 2026-Q2 |
| Bank of New York Mellon Corp added | 143,241 | $2M | 0.3% | 2026-Q2 |
| HBK INVESTMENTS L P new | 139,666 | $2M | 0.3% | 2026-Q2 |
| LPL Financial LLC trimmed | 139,586 | $2M | 0.3% | 2026-Q2 |
| Quantinno Capital Management LP added | 127,052 | $2M | 0.3% | 2026-Q2 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC trimmed | 126,297 | $2M | 0.3% | 2026-Q2 |
| Rock Creek Group LLC added | 125,000 | $2M | 0.3% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 118,115 | $2M | 0.3% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 97,824 | $2M | 0.2% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 87,299 | $2M | 0.2% | 2026-Q2 |
| Walleye Capital LLC added | 86,822 | $2M | 0.2% | 2026-Q2 |
| BARCLAYS PLC trimmed | 85,115 | $1M | 0.2% | 2026-Q2 |
| GAMCO INVESTORS, INC. ET AL trimmed | 84,511 | $1M | 0.2% | 2026-Q2 |
| BLAIR WILLIAM & CO/IL trimmed | 82,380 | $1M | 0.2% | 2026-Q2 |
| Invesco Ltd. added | 82,023 | $1M | 0.2% | 2026-Q2 |
| Russell Investments Group, Ltd. trimmed | 81,283 | $1M | 0.2% | 2026-Q2 |
| MARATHON CAPITAL MANAGEMENT trimmed | 80,025 | $1M | 0.2% | 2026-Q2 |
| Manatuck Hill Partners, LLC added | 77,400 | $1M | 0.2% | 2026-Q2 |
| Point72 Asset Management, L.P. added | 75,246 | $1M | 0.2% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 74,646 | $1M | 0.2% | 2026-Q2 |
| Cannell & Spears LLC trimmed | 73,340 | $1M | 0.2% | 2026-Q2 |
| Walleye Partners, LLC | 72,624 | $1M | 0.2% | 2026-Q2 |
| Swiss National Bank trimmed | 70,400 | $1M | 0.2% | 2026-Q2 |
| Palogic Value Management, L.P. trimmed | 69,109 | $1M | 0.2% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 68,873 | $1M | 0.2% | 2026-Q2 |
| Creative Planning added | 65,128 | $1M | 0.1% | 2026-Q2 |
| Atom Investors LP new | 61,029 | $1M | 0.1% | 2026-Q2 |
| XTX Topco Ltd trimmed | 59,487 | $1M | 0.1% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 56,685 | $987K | 0.1% | 2026-Q2 |
| OneDigital Investment Advisors LLC added | 56,104 | $977K | 0.1% | 2026-Q2 |
| Parallax Volatility Advisers, L.P. | 55,000 | $958K | 0.1% | 2026-Q2 |
| Penbrook Management LLC added | 53,760 | $936K | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 51,290 | $893K | 0.1% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC trimmed | 49,296 | $859K | 0.1% | 2026-Q2 |
| Qube Research & Technologies Ltd trimmed | 48,250 | $841K | 0.1% | 2026-Q2 |
| Quadrature Capital Ltd trimmed | 47,471 | $827K | 0.1% | 2026-Q2 |
| Quantbot Technologies LP new | 46,115 | $803K | 0.1% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 43,962 | $766K | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 43,730 | $583K | 0.1% | 2026-Q2 |
| Willis Investment Counsel trimmed | 42,057 | $733K | 0.1% | 2026-Q2 |
| ExodusPoint Capital Management, LP trimmed | 41,168 | $717K | 0.1% | 2026-Q2 |
| Jump Financial, LLC added | 40,198 | $700K | 0.1% | 2026-Q2 |
| Inspire Investing, LLC trimmed | 38,790 | $676K | 0.1% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 38,631 | $673K | 0.1% | 2026-Q2 |
| Centiva Capital, LP added | 36,376 | $634K | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 36,274 | $632K | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 33,328 | $581K | 0.1% | 2026-Q2 |
| CITIGROUP INC added | 32,731 | $570K | 0.1% | 2026-Q2 |
| RBF Capital, LLC | 32,600 | $568K | 0.1% | 2026-Q2 |
| DeepCurrents Investment Group LLC new | 32,464 | $566K | 0.1% | 2026-Q2 |
| WINTON GROUP Ltd added | 30,200 | $526K | 0.1% | 2026-Q2 |
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.