Who owns PAX (PAX)
Which tracked institutional funds hold PAX, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PAX 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
21 tracked funds added or opened PAX while 54 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
PAX’s largest tracked holder by dollar value, Capital Research Global Investors, 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 conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in PAX 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 159 tracked filers holding PAX, 81 increased or opened the position and 83 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 PAX 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
- Endure Capital Management, LLC$76M
- SEB Asset Management AB$5M
- VANGUARD PORTFOLIO MANAGEMENT LLC$5M
- HRT FINANCIAL LP$5M
- Qube Research & Technologies Ltd$3M
- RENAISSANCE TECHNOLOGIES LLC$3M
Full exits 11
- Inherent Management Corp.$24M
- VANGUARD GROUP INC$7M
- 683 Capital Management, LLC$6M
- Skandinaviska Enskilda Banken AB (publ)$3M
- Uniplan Investment Counsel, Inc.$3M
- Connor, Clark & Lunn Investment Management Ltd.$2M
Largest adds
- UBS Group AG$1M
- Zeno Equity Partners LLP$843K
- ROYAL BANK OF CANADA$832K
- CREDIT AGRICOLE S A$702K
- Inspire Investing, LLC$523K
- HUSSMAN STRATEGIC ADVISORS, INC.$391K
Largest trims
- Capital Research Global Investors$39M
- FMR LLC$27M
- MILLENNIUM MANAGEMENT LLC$21M
- BlackRock, Inc.$16M
- ALLIANCEBERNSTEIN L.P.$10M
- SAMLYN CAPITAL, LLC$7M
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 |
|---|---|---|---|---|
| Capital Research Global Investors trimmed | 8,522,855 | $107M | 15.3% | 2026-Q1 |
| FMR LLC trimmed | 6,225,193 | $78M | 11.2% | 2026-Q1 |
| Endure Capital Management, LLC new | 6,054,645 | $76M | 10.9% | 2026-Q1 |
| BlackRock, Inc. added | 5,858,632 | $74M | 10.5% | 2026-Q1 |
| Pertento Partners LLP added | 5,206,247 | $66M | 9.4% | 2026-Q1 |
| SAMLYN CAPITAL, LLC added | 2,052,068 | $26M | 3.7% | 2026-Q1 |
| MIZUHO MARKETS AMERICAS LLC | 1,500,000 | $19M | 2.7% | 2026-Q1 |
| STATE STREET CORP trimmed | 1,314,467 | $17M | 2.4% | 2026-Q1 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | 1,000,000 | $13M | 1.8% | 2026-Q1 |
| UBS Group AG added | 917,607 | $12M | 1.7% | 2026-Q1 |
| MHR FUND MANAGEMENT LLC added | 900,000 | $11M | 1.6% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 874,939 | $11M | 1.6% | 2026-Q1 |
| Zeno Equity Partners LLP trimmed | 115,585 | $10M | 1.5% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 541,765 | $7M | 1.0% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 502,793 | $6M | 0.9% | 2026-Q1 |
| SEB Asset Management AB new | 433,752 | $5M | 0.8% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 391,722 | $5M | 0.7% | 2026-Q1 |
| HRT FINANCIAL LP added | 363,137 | $5M | 0.7% | 2026-Q1 |
| MORGAN STANLEY trimmed | 326,272 | $4M | 0.6% | 2026-Q1 |
| GLOBEFLEX CAPITAL L P added | 298,500 | $4M | 0.5% | 2026-Q1 |
| Allianz Asset Management GmbH | 290,000 | $4M | 0.5% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 246,552 | $3M | 0.4% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 253,603 | $3M | 0.4% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 236,532 | $3M | 0.4% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 235,768 | $3M | 0.4% | 2026-Q1 |
| Nuveen, LLC trimmed | 224,481 | $3M | 0.4% | 2026-Q1 |
| Invesco Ltd. added | 206,423 | $3M | 0.4% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 162,091 | $2M | 0.3% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 157,050 | $2M | 0.3% | 2026-Q1 |
| Robeco Institutional Asset Management B.V. | 150,000 | $2M | 0.3% | 2026-Q1 |
| CREDIT AGRICOLE S A added | 148,971 | $2M | 0.3% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 146,008 | $2M | 0.3% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 144,227 | $2M | 0.3% | 2026-Q1 |
| Inspire Investing, LLC added | 143,727 | $2M | 0.3% | 2026-Q1 |
| FEDERATED HERMES, INC. added | 142,669 | $2M | 0.3% | 2026-Q1 |
| XTX Topco Ltd added | 114,731 | $1M | 0.2% | 2026-Q1 |
| Jackson Creek Investment Advisors LLC new | 111,728 | $1M | 0.2% | 2026-Q1 |
| Aurora Investment Counsel trimmed | 106,755 | $1M | 0.2% | 2026-Q1 |
| Point Nemo Capital, LLC new | 106,075 | $1M | 0.2% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 104,968 | $1M | 0.2% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 103,106 | $1M | 0.2% | 2026-Q1 |
| Creative Planning trimmed | 95,167 | $1M | 0.2% | 2026-Q1 |
| Y-Intercept (Hong Kong) Ltd added | 94,975 | $1M | 0.2% | 2026-Q1 |
| TUDOR INVESTMENT CORP ET AL trimmed | 92,185 | $1M | 0.2% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 88,747 | $1M | 0.2% | 2026-Q1 |
| Police & Firemen's Retirement System of New Jersey trimmed | 88,552 | $1M | 0.2% | 2026-Q1 |
| HUSSMAN STRATEGIC ADVISORS, INC. added | 84,000 | $1M | 0.2% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 83,749 | $1M | 0.2% | 2026-Q1 |
| Pictet Asset Management Holding SA trimmed | 81,531 | $1M | 0.1% | 2026-Q1 |
| Grandeur Peak Global Advisors, LLC trimmed | 79,584 | $1M | 0.1% | 2026-Q1 |
| MARTINGALE ASSET MANAGEMENT L P trimmed | 75,771 | $955K | 0.1% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 59,622 | $947K | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 68,218 | $860K | 0.1% | 2026-Q1 |
| LPL Financial LLC added | 63,365 | $798K | 0.1% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 63,289 | $797K | 0.1% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 57,505 | $725K | 0.1% | 2026-Q1 |
| Quantinno Capital Management LP trimmed | 56,980 | $718K | 0.1% | 2026-Q1 |
| DODGE & COX added | 52,600 | $663K | 0.1% | 2026-Q1 |
| Quantbot Technologies LP added | 50,445 | $636K | 0.1% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 50,395 | $635K | 0.1% | 2026-Q1 |
| Legal & General Group Plc added | 47,664 | $601K | 0.1% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 47,241 | $591K | 0.1% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 45,850 | $578K | 0.1% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 45,035 | $567K | 0.1% | 2026-Q1 |
| STRS OHIO trimmed | 39,700 | $500K | 0.1% | 2026-Q1 |
| Abel Hall, LLC trimmed | 39,009 | $492K | 0.1% | 2026-Q1 |
| MetLife Investment Management, LLC added | 38,359 | $483K | 0.1% | 2026-Q1 |
| AVIVA PLC added | 36,053 | $454K | 0.1% | 2026-Q1 |
| Engineers Gate Manager LP added | 35,848 | $452K | 0.1% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 35,406 | $446K | 0.1% | 2026-Q1 |
| Yorktown Management & Research Co Inc | 34,000 | $428K | 0.1% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 33,498 | $422K | 0.1% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 31,051 | $391K | 0.1% | 2026-Q1 |
| Tidal Investments LLC trimmed | 30,143 | $380K | 0.1% | 2026-Q1 |
| Formidable Asset Management, LLC | 30,143 | $380K | 0.1% | 2026-Q1 |
| Inherent Management Corp. | 1,484,199 | $24M | 3.4% | 2025-Q4 stale |
| VANGUARD GROUP INC added | 453,424 | $7M | 1.0% | 2025-Q4 stale |
| Amitell Capital Pte Ltd trimmed | 399,087 | $6M | 0.8% | 2025-Q3 stale |
| 683 Capital Management, LLC trimmed | 365,000 | $6M | 0.8% | 2025-Q4 stale |
| FIL Ltd trimmed | 266,919 | $4M | 0.5% | 2025-Q2 stale |
| Skandinaviska Enskilda Banken AB (publ) added | 211,182 | $3M | 0.5% | 2025-Q4 stale |
| DENALI ADVISORS LLC added | 234,819 | $3M | 0.5% | 2025-Q2 stale |
| Uniplan Investment Counsel, Inc. added | 178,949 | $3M | 0.4% | 2025-Q4 stale |
| Capital International Investors | 251,338 | $3M | 0.4% | 2025-Q1 stale |
| Connor, Clark & Lunn Investment Management Ltd. added | 151,361 | $2M | 0.3% | 2025-Q4 stale |
| Praetorian PR LLC new | 155,000 | $2M | 0.3% | 2025-Q1 stale |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 91,918 | $1M | 0.2% | 2025-Q4 stale |
| TT Capital Management LLC trimmed | 74,350 | $1M | 0.2% | 2025-Q4 stale |
| ALGERT GLOBAL LLC added | 82,043 | $1M | 0.2% | 2025-Q2 stale |
| Trexquant Investment LP trimmed | 100,819 | $1M | 0.2% | 2025-Q1 stale |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 71,400 | $1M | 0.2% | 2025-Q4 stale |
| JANE STREET GROUP, LLC added | 76,577 | $1M | 0.2% | 2025-Q2 stale |
| MARSHALL WACE, LLP added | 59,232 | $865K | 0.1% | 2025-Q3 stale |
| Nebula Research & Development LLC trimmed | 57,554 | $809K | 0.1% | 2025-Q2 stale |
| INCEPTIONR LLC added | 44,009 | $699K | 0.1% | 2025-Q4 stale |
| ExodusPoint Capital Management, LP trimmed | 59,800 | $675K | 0.1% | 2025-Q1 stale |
| TimesSquare Capital Management, LLC added | 59,000 | $666K | 0.1% | 2025-Q1 stale |
| Verition Fund Management LLC trimmed | 33,000 | $524K | 0.1% | 2025-Q4 stale |
| FOX RUN MANAGEMENT, L.L.C. added | 44,634 | $504K | 0.1% | 2025-Q1 stale |
| STATE OF WISCONSIN INVESTMENT BOARD added | 29,487 | $469K | 0.1% | 2025-Q4 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.