Who owns PAVS
Which tracked institutional funds hold PAVS, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PAVS company fundamentals →
Ownership as of the 2025-Q3 13F filings (latest filed 2026-02-03). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
Conviction spread
PAVS’s largest tracked holder by dollar value, SABBY MANAGEMENT, LLC, sizes it at 4.7% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 4.7pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in PAVS 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-Q2 and 2025-Q3, across 7 tracked filers holding PAVS, 4 increased or opened the position and 2 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
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 |
|---|---|---|---|---|
| SABBY MANAGEMENT, LLC new | 75,440 | $561K | 92.2% | 2026-Q2 (3 quarters ahead of as-of) |
| RENAISSANCE TECHNOLOGIES LLC | 19,989 | $21K | 3.4% | 2025-Q3 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP new | 14,732 | $15K | 2.5% | 2025-Q3 |
| CITADEL ADVISORS LLC trimmed | 11,361 | $12K | 1.9% | 2025-Q3 |
| SBI Securities Co., Ltd. | 57 | $59 | 0.0% | 2025-Q3 |
| Ameritas Investment Partners, Inc. new | 37 | $38 | 0.0% | 2025-Q3 |
| UBS Group AG trimmed | 1 | $7 | 0.0% | 2026-Q2 (3 quarters ahead of as-of) |
| BANK OF AMERICA CORP /DE/ new | 1 | $1 | 0.0% | 2025-Q3 |
| ROYAL BANK OF CANADA new | 39 | — | 0.0% | 2026-Q2 (3 quarters ahead of as-of) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (1 quarter 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.