Who owns PATH (PATH)
Which tracked institutional funds hold PATH, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PATH 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
78 tracked funds added or opened PATH while 198 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
PATH’s largest tracked holder by dollar value, VANGUARD GROUP INC, 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 gap the other way — the median holder sizes PATH more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in PATH 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 538 tracked filers holding PATH, 313 increased or opened the position and 277 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 PATH 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 32
- VANGUARD PORTFOLIO MANAGEMENT LLC$294M
- VANGUARD CAPITAL MANAGEMENT LLC$206M
- VANGUARD FIDUCIARY TRUST CO$29M
- COATUE MANAGEMENT LLC$25M
- Clear Street Group Inc.$6M
- Blackstone Inc.$5M
Full exits 36
- VANGUARD GROUP INC$795M
- TWO SIGMA ADVISERS, LP$27M
- CAPITAL FUND MANAGEMENT S.A.$16M
- ZACKS INVESTMENT MANAGEMENT$13M
- Madrona Venture Group, LLC$10M
- Westend Capital Management, LLC$9M
Largest adds
- JANE STREET GROUP, LLC$59M
- MILLENNIUM MANAGEMENT LLC$28M
- UBS Group AG$26M
- JUPITER ASSET MANAGEMENT LTD$21M
- GOLDMAN SACHS GROUP INC$18M
- PEAK6 LLC$9M
Largest trims
- BlackRock, Inc.$234M
- Point72 Asset Management, L.P.$100M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$83M
- NORGES BANK$81M
- STATE STREET CORP$65M
- MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.$59M
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 |
|---|---|---|---|---|
| BlackRock, Inc. trimmed | 38,287,012 | $425M | 9.4% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 26,488,863 | $294M | 6.5% | 2026-Q1 |
| Tetragon Partners GP Ltd added | 25,207,628 | $280M | 6.2% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 18,594,868 | $206M | 4.6% | 2026-Q1 |
| STATE STREET CORP added | 13,346,181 | $148M | 3.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 10,046,699 | $112M | 2.5% | 2026-Q1 |
| UBS Group AG added | 9,403,093 | $104M | 2.3% | 2026-Q1 |
| MORGAN STANLEY trimmed | 8,503,907 | $94M | 2.1% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 8,050,156 | $89M | 2.0% | 2026-Q1 |
| Senvest Management, LLC trimmed | 7,784,822 | $86M | 1.9% | 2026-Q1 |
| Alphabet Inc. | 7,034,337 | $78M | 1.7% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 6,831,288 | $76M | 1.7% | 2026-Q1 |
| FEDERATED HERMES, INC. trimmed | 6,719,798 | $75M | 1.7% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 6,102,628 | $68M | 1.5% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 5,263,365 | $58M | 1.3% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 4,807,244 | $53M | 1.2% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 4,078,791 | $45M | 1.0% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP trimmed | 3,559,389 | $40M | 0.9% | 2026-Q1 |
| NORGES BANK trimmed | 3,831,077 | $39M | 0.9% | 2026-Q1 |
| NORTHERN TRUST CORP added | 3,211,376 | $36M | 0.8% | 2026-Q1 |
| Bank of New York Mellon Corp added | 3,097,596 | $34M | 0.8% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 3,090,411 | $34M | 0.8% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC added | 3,060,411 | $34M | 0.8% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 2,804,338 | $31M | 0.7% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 2,721,800 | $30M | 0.7% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 2,661,700 | $30M | 0.7% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 2,645,505 | $29M | 0.7% | 2026-Q1 |
| ALKEON CAPITAL MANAGEMENT LLC | 2,611,276 | $29M | 0.6% | 2026-Q1 |
| CANADA LIFE ASSURANCE Co added | 2,416,852 | $27M | 0.6% | 2026-Q1 |
| JUPITER ASSET MANAGEMENT LTD added | 2,309,418 | $26M | 0.6% | 2026-Q1 |
| COATUE MANAGEMENT LLC | 2,269,557 | $25M | 0.6% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 1,946,182 | $22M | 0.5% | 2026-Q1 |
| BW Gestao de Investimentos Ltda. trimmed | 1,638,950 | $18M | 0.4% | 2026-Q1 |
| Invenomic Capital Management LP added | 1,636,902 | $18M | 0.4% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 1,624,148 | $18M | 0.4% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 1,542,393 | $17M | 0.4% | 2026-Q1 |
| ARMISTICE CAPITAL, LLC trimmed | 1,284,720 | $14M | 0.3% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 1,253,310 | $14M | 0.3% | 2026-Q1 |
| Trexquant Investment LP added | 1,215,887 | $13M | 0.3% | 2026-Q1 |
| Optimus Prime Fund Management Co., Ltd. | 1,180,000 | $13M | 0.3% | 2026-Q1 |
| D. E. Shaw & Co., Inc. trimmed | 1,170,903 | $13M | 0.3% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 1,113,231 | $12M | 0.3% | 2026-Q1 |
| IEQ CAPITAL, LLC trimmed | 1,092,275 | $12M | 0.3% | 2026-Q1 |
| PEAK6 LLC added | 1,054,415 | $12M | 0.3% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 1,037,680 | $12M | 0.3% | 2026-Q1 |
| Invesco Ltd. trimmed | 1,020,268 | $11M | 0.3% | 2026-Q1 |
| BRANDYWINE MANAGERS, LLC | 1,009,684 | $11M | 0.2% | 2026-Q1 |
| Nuveen, LLC trimmed | 1,007,403 | $11M | 0.2% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 955,157 | $11M | 0.2% | 2026-Q1 |
| GLENMEDE TRUST CO NA added | 950,460 | $11M | 0.2% | 2026-Q1 |
| StepStone Group LP | 902,973 | $10M | 0.2% | 2026-Q1 |
| Swiss National Bank added | 837,300 | $9M | 0.2% | 2026-Q1 |
| IMC-Chicago, LLC trimmed | 824,472 | $9M | 0.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 516,998 | $8M | 0.2% | 2026-Q1 |
| Tidal Investments LLC added | 638,563 | $7M | 0.2% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 602,921 | $7M | 0.1% | 2026-Q1 |
| D.A. DAVIDSON & CO. added | 596,888 | $7M | 0.1% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 590,555 | $7M | 0.1% | 2026-Q1 |
| Gotham Asset Management, LLC added | 581,400 | $6M | 0.1% | 2026-Q1 |
| WINTON GROUP Ltd added | 575,428 | $6M | 0.1% | 2026-Q1 |
| Legal & General Group Plc trimmed | 572,347 | $6M | 0.1% | 2026-Q1 |
| XTX Topco Ltd added | 554,300 | $6M | 0.1% | 2026-Q1 |
| Man Group plc added | 553,718 | $6M | 0.1% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 542,505 | $6M | 0.1% | 2026-Q1 |
| Clear Street Group Inc. new | 541,501 | $6M | 0.1% | 2026-Q1 |
| LOS ANGELES CAPITAL MANAGEMENT LLC added | 540,110 | $6M | 0.1% | 2026-Q1 |
| California Public Employees Retirement System trimmed | 527,244 | $6M | 0.1% | 2026-Q1 |
| Retirement Systems of Alabama added | 524,967 | $6M | 0.1% | 2026-Q1 |
| 180 WEALTH ADVISORS, LLC trimmed | 520,552 | $6M | 0.1% | 2026-Q1 |
| ALGERT GLOBAL LLC added | 511,435 | $6M | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 496,496 | $6M | 0.1% | 2026-Q1 |
| AVIVA PLC added | 491,169 | $5M | 0.1% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 489,370 | $5M | 0.1% | 2026-Q1 |
| Engineers Gate Manager LP added | 440,344 | $5M | 0.1% | 2026-Q1 |
| Capital Impact Advisors, LLC trimmed | 434,882 | $5M | 0.1% | 2026-Q1 |
| Blackstone Inc. trimmed | 433,847 | $5M | 0.1% | 2026-Q1 |
| Circumference Group LLC added | 425,000 | $5M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 48,482,792 | $795M | 17.6% | 2025-Q4 stale |
| Hudson Bay Capital Management LP added | 8,012,400 | $103M | 2.3% | 2025-Q2 stale |
| ARK Investment Management LLC trimmed | 8,319,250 | $86M | 1.9% | 2025-Q1 stale |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 5,771,582 | $77M | 1.7% | 2025-Q3 stale |
| MACQUARIE GROUP LTD added | 4,604,227 | $59M | 1.3% | 2025-Q2 stale |
| TWO SIGMA ADVISERS, LP added | 1,675,801 | $27M | 0.6% | 2025-Q4 stale |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added | 2,000,000 | $26M | 0.6% | 2025-Q2 stale |
| Cubist Systematic Strategies, LLC added | 1,901,909 | $25M | 0.6% | 2025-Q3 stale |
| PANAGORA ASSET MANAGEMENT INC added | 1,209,552 | $16M | 0.4% | 2025-Q3 stale |
| CAPITAL FUND MANAGEMENT S.A. added | 976,265 | $16M | 0.4% | 2025-Q4 stale |
| Nikko Asset Management Americas, Inc. trimmed | 1,112,640 | $14M | 0.3% | 2025-Q2 stale |
| ZACKS INVESTMENT MANAGEMENT new | 785,796 | $13M | 0.3% | 2025-Q4 stale |
| Glenmede Investment Management, LP trimmed | 828,014 | $11M | 0.2% | 2025-Q3 stale |
| Madrona Venture Group, LLC | 607,673 | $10M | 0.2% | 2025-Q4 stale |
| Westend Capital Management, LLC new | 547,404 | $9M | 0.2% | 2025-Q4 stale |
| NFJ INVESTMENT GROUP, LLC new | 508,943 | $8M | 0.2% | 2025-Q4 stale |
| Aquatic Capital Management LLC added | 608,609 | $8M | 0.2% | 2025-Q3 stale |
| BANK OF NOVA SCOTIA trimmed | 448,000 | $7M | 0.2% | 2025-Q4 stale |
| PINEBRIDGE INVESTMENTS, L.P. trimmed | 561,091 | $7M | 0.2% | 2025-Q2 stale |
| Walleye Capital LLC added | 427,259 | $7M | 0.2% | 2025-Q4 stale |
| Squarepoint Ops LLC trimmed | 419,740 | $7M | 0.2% | 2025-Q4 stale |
| PUBLIC SECTOR PENSION INVESTMENT BOARD added | 474,700 | $6M | 0.1% | 2025-Q3 stale |
| ING GROEP NV trimmed | 468,000 | $6M | 0.1% | 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.