Who owns 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-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
16 tracked funds added or opened PAX while 34 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
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 2026-Q1 and 2026-Q2, across 146 tracked filers holding PAX, 83 increased or opened the position and 74 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 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 3
- Inherent Management Corp.$53M
- Fourth Sail Capital LP$15M
- Point72 Asset Management, L.P.$1M
Full exits 12
- SAMLYN CAPITAL, LLC$26M
- HRT FINANCIAL LP$5M
- RENAISSANCE TECHNOLOGIES LLC$3M
- Robeco Institutional Asset Management B.V.$2M
- CREDIT AGRICOLE S A$2M
- Inspire Investing, LLC$2M
Largest adds
- Zeno Equity Partners LLP$8M
- BANK OF AMERICA CORP /DE/$3M
- UBS Group AG$2M
- AQR CAPITAL MANAGEMENT LLC$2M
- GOLDMAN SACHS GROUP INC$1M
- Grandeur Peak Global Advisors, LLC$690K
Largest trims
- Capital Research Global Investors$22M
- BlackRock, Inc.$10M
- Pertento Partners LLP$7M
- Endure Capital Management, LLC$6M
- FMR LLC$3M
- GLOBEFLEX CAPITAL L P$3M
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 |
|---|---|---|---|---|
| Capital Research Global Investors trimmed | 7,791,608 | $86M | 14.0% | 2026-Q2 |
| FMR LLC added | 6,832,652 | $75M | 12.3% | 2026-Q2 |
| Endure Capital Management, LLC added | 6,373,646 | $70M | 11.5% | 2026-Q2 |
| BlackRock, Inc. trimmed | 5,854,346 | $64M | 10.5% | 2026-Q2 |
| Pertento Partners LLP added | 5,344,176 | $59M | 9.6% | 2026-Q2 |
| Zeno Equity Partners LLP added | 1,701,343 | $19M | 3.1% | 2026-Q2 |
| MIZUHO MARKETS AMERICAS LLC | 1,500,000 | $16M | 2.7% | 2026-Q2 |
| STATE STREET CORP added | 1,392,588 | $15M | 2.5% | 2026-Q2 |
| Fourth Sail Capital LP new | 1,373,995 | $15M | 2.5% | 2026-Q2 |
| UBS Group AG added | 1,211,218 | $13M | 2.2% | 2026-Q2 |
| MHR FUND MANAGEMENT LLC added | 1,000,000 | $11M | 1.8% | 2026-Q2 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. trimmed | 967,400 | $11M | 1.7% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 961,761 | $11M | 1.7% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 688,183 | $8M | 1.2% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 522,913 | $6M | 0.9% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 518,365 | $6M | 0.9% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 451,447 | $5M | 0.8% | 2026-Q2 |
| MORGAN STANLEY added | 433,024 | $5M | 0.8% | 2026-Q2 |
| SEB Asset Management AB trimmed | 404,628 | $4M | 0.7% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 334,591 | $4M | 0.6% | 2026-Q2 |
| Inherent Management Corp. trimmed | 290,831 | $53M | 8.7% | 2026-Q2 |
| Allianz Asset Management GmbH | 290,000 | $4M | 0.6% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 253,977 | $3M | 0.4% | 2026-Q2 |
| Invesco Ltd. added | 240,217 | $3M | 0.4% | 2026-Q2 |
| Nuveen, LLC trimmed | 190,100 | $2M | 0.3% | 2026-Q2 |
| Qube Research & Technologies Ltd trimmed | 186,870 | $2M | 0.3% | 2026-Q2 |
| Bank of New York Mellon Corp added | 181,323 | $2M | 0.3% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC added | 176,053 | $2M | 0.3% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ added | 169,694 | $2M | 0.3% | 2026-Q2 |
| Y-Intercept (Hong Kong) Ltd added | 160,061 | $2M | 0.3% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 158,867 | $2M | 0.3% | 2026-Q2 |
| FEDERATED HERMES, INC. | 142,669 | $2M | 0.3% | 2026-Q2 |
| Creative Planning added | 128,989 | $1M | 0.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 121,409 | $1M | 0.2% | 2026-Q2 |
| Point72 Asset Management, L.P. new | 117,596 | $1M | 0.2% | 2026-Q2 |
| Quantinno Capital Management LP added | 116,083 | $1M | 0.2% | 2026-Q2 |
| DODGE & COX added | 115,700 | $1M | 0.2% | 2026-Q2 |
| Aurora Investment Counsel trimmed | 99,460 | $1M | 0.2% | 2026-Q2 |
| EAGLE HARBOR ASSET MANAGEMENT INC /ADV added | 96,261 | $1M | 0.2% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 93,165 | $1M | 0.2% | 2026-Q2 |
| Quantbot Technologies LP added | 93,045 | $1M | 0.2% | 2026-Q2 |
| XTX Topco Ltd trimmed | 81,588 | $896K | 0.1% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 80,798 | $887K | 0.1% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 78,029 | $857K | 0.1% | 2026-Q2 |
| Pictet Asset Management Holding SA trimmed | 72,021 | $791K | 0.1% | 2026-Q2 |
| LPL Financial LLC added | 71,282 | $783K | 0.1% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 61,761 | $678K | 0.1% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 61,715 | $678K | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. trimmed | 56,010 | $706K | 0.1% | 2026-Q2 |
| GLOBEFLEX CAPITAL L P trimmed | 54,416 | $597K | 0.1% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 52,121 | $573K | 0.1% | 2026-Q2 |
| PENSION & WEALTH MANAGEMENT ADVISORS, INC. added | 49,890 | $548K | 0.1% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 48,906 | $535K | 0.1% | 2026-Q2 |
| Legal & General Group Plc added | 48,124 | $529K | 0.1% | 2026-Q2 |
| CITIGROUP INC added | 42,234 | $464K | 0.1% | 2026-Q2 |
| IEQ CAPITAL, LLC added | 40,912 | $449K | 0.1% | 2026-Q2 |
| SummitTX Capital, L.P. new | 39,412 | $433K | 0.1% | 2026-Q2 |
| AVIVA PLC added | 39,084 | $429K | 0.1% | 2026-Q2 |
| Abel Hall, LLC added | 39,027 | $429K | 0.1% | 2026-Q2 |
| MetLife Investment Management, LLC | 38,359 | $421K | 0.1% | 2026-Q2 |
| Engineers Gate Manager LP trimmed | 35,760 | $393K | 0.1% | 2026-Q2 |
| Yorktown Management & Research Co Inc | 34,000 | $373K | 0.1% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. added | 32,535 | $357K | 0.1% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 30,079 | $330K | 0.1% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC added | 28,300 | $311K | 0.1% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 26,486 | $291K | 0.0% | 2026-Q2 |
| Solstein Capital, LLC | 26,300 | $289K | 0.0% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC trimmed | 24,945 | $274K | 0.0% | 2026-Q2 |
| Moody Aldrich Partners LLC | 24,194 | $266K | 0.0% | 2026-Q2 |
| Squarepoint Ops LLC trimmed | 21,768 | $239K | 0.0% | 2026-Q2 |
| Corient Private Wealth LP added | 21,465 | $236K | 0.0% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 21,429 | $235K | 0.0% | 2026-Q2 |
| Police & Firemen's Retirement System of New Jersey trimmed | 21,092 | $232K | 0.0% | 2026-Q2 |
| Cerity Partners LLC added | 20,966 | $230K | 0.0% | 2026-Q2 |
| VIRGINIA RETIREMENT SYSTEMS ET Al | 20,700 | $227K | 0.0% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 20,699 | $229K | 0.0% | 2026-Q2 |
| Wellington Shields Capital Management, LLC | 20,415 | $224K | 0.0% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 19,673 | $216K | 0.0% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 18,573 | $204K | 0.0% | 2026-Q2 |
| SPX Gestao de Recursos Ltda new | 18,540 | $204K | 0.0% | 2026-Q2 |
| Wellington Shields & Co., LLC | 18,400 | $202K | 0.0% | 2026-Q2 |
| AdvisorNet Financial, Inc added | 18,185 | $200K | 0.0% | 2026-Q2 |
| Ethic Inc. trimmed | 17,398 | $191K | 0.0% | 2026-Q2 |
| Mariner, LLC added | 16,989 | $187K | 0.0% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND | 16,768 | $184K | 0.0% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 16,762 | $184K | 0.0% | 2026-Q2 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 15,680 | $172K | 0.0% | 2026-Q2 |
| Campbell & CO Investment Adviser LLC trimmed | 14,151 | $155K | 0.0% | 2026-Q2 |
| INTECH INVESTMENT MANAGEMENT LLC added | 14,083 | $155K | 0.0% | 2026-Q2 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO trimmed | 14,000 | $154K | 0.0% | 2026-Q2 |
| VOYA INVESTMENT MANAGEMENT LLC added | 13,382 | $147K | 0.0% | 2026-Q2 |
| Aquatic Capital Management LLC trimmed | 13,241 | $145K | 0.0% | 2026-Q2 |
| BARCLAYS PLC added | 12,653 | $139K | 0.0% | 2026-Q2 |
| Allegheny Financial Group added | 12,257 | $135K | 0.0% | 2026-Q2 |
| R Squared Ltd added | 12,229 | $134K | 0.0% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 11,787 | $129K | 0.0% | 2026-Q2 |
| Waverly Advisors, LLC added | 11,225 | $123K | 0.0% | 2026-Q2 |
| MQS Management LLC trimmed | 10,951 | $120K | 0.0% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC trimmed | 10,865 | $119K | 0.0% | 2026-Q2 |
| Grandeur Peak Global Advisors, LLC trimmed | 2,628 | $2M | 0.3% | 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.