Who owns PNI
Which tracked institutional funds hold PNI, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PNI company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-18). 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
3 tracked funds added or opened PNI while 4 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
PNI’s largest tracked holder by dollar value, Karpus Management, Inc., sizes it at 0.2% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in PNI 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 54 tracked filers holding PNI, 18 increased or opened the position and 22 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 PNI 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.
Full exits 1
- Verition Fund Management LLC$654K
Largest adds
- Karpus Management, Inc.$3M
- Thomas J. Herzfeld Advisors, Inc.$1M
- ROBINSON CAPITAL MANAGEMENT, LLC$856K
Largest trims
- Logan Stone Capital, LLC$1M
- TORONTO DOMINION BANK$423K
- Saba Capital Management, L.P.$355K
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 |
|---|---|---|---|---|
| Karpus Management, Inc. added | 1,113,329 | $8M | 13.5% | 2026-Q2 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC trimmed | 1,044,735 | $7M | 12.6% | 2026-Q2 |
| Matisse Capital | 618,726 | $4M | 7.5% | 2026-Q2 |
| GUGGENHEIM CAPITAL LLC added | 512,473 | $4M | 6.2% | 2026-Q2 |
| Almitas Capital LLC trimmed | 467,432 | $3M | 5.7% | 2026-Q2 |
| ROBINSON CAPITAL MANAGEMENT, LLC added | 389,726 | $3M | 5.3% | 2026-Q2 |
| WHITEBOX ADVISORS LLC | 387,958 | $3M | 4.7% | 2026-Q2 |
| Saba Capital Management, L.P. trimmed | 369,392 | $3M | 4.5% | 2026-Q2 |
| Hennion & Walsh Asset Management, Inc. trimmed | 360,151 | $3M | 4.4% | 2026-Q2 |
| Closed-End Fund Advisors, Inc. trimmed | 234,876 | $2M | 2.8% | 2026-Q2 |
| Thomas J. Herzfeld Advisors, Inc. added | 231,370 | $2M | 2.8% | 2026-Q2 |
| RIVERBRIDGE PARTNERS LLC trimmed | 223,041 | $2M | 2.7% | 2026-Q2 |
| Logan Stone Capital, LLC trimmed | 199,597 | $1M | 2.4% | 2026-Q2 |
| Professional Financial Management, Inc. trimmed | 183,260 | $1M | 2.2% | 2026-Q2 |
| MORGAN STANLEY added | 173,414 | $1M | 2.1% | 2026-Q2 |
| MELFA WEALTH MANAGEMENT, INC. | 169,509 | $1M | 2.1% | 2026-Q2 |
| Bank of New York Mellon Corp added | 158,266 | $1M | 1.9% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 114,503 | $812K | 1.4% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 110,396 | $783K | 1.3% | 2026-Q2 |
| Lido Advisors, LLC | 97,691 | $696K | 1.2% | 2026-Q2 |
| Beckerman Institutional, LLC | 75,711 | $537K | 0.9% | 2026-Q2 |
| Baird Financial Group, Inc. trimmed | 61,005 | $433K | 0.7% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 60,200 | $427K | 0.7% | 2026-Q2 |
| Dakota Wealth Management added | 58,507 | $415K | 0.7% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 45,492 | $323K | 0.6% | 2026-Q2 |
| Morse Asset Management, Inc trimmed | 44,223 | $314K | 0.5% | 2026-Q2 |
| HORIZON KINETICS ASSET MANAGEMENT LLC | 37,634 | $267K | 0.5% | 2026-Q2 |
| TORONTO DOMINION BANK trimmed | 35,984 | $255K | 0.4% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 35,958 | $255K | 0.4% | 2026-Q2 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 33,489 | $237K | 0.4% | 2026-Q2 |
| Focus Partners Advisor Solutions, LLC | 29,202 | $207K | 0.4% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 29,175 | $207K | 0.4% | 2026-Q2 |
| DOPKINS WEALTH MANAGEMENT, LLC | 28,646 | $203K | 0.3% | 2026-Q2 |
| UBS Group AG trimmed | 27,158 | $193K | 0.3% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 25,427 | $180K | 0.3% | 2026-Q2 |
| Sowell Financial Services LLC | 23,500 | $167K | 0.3% | 2026-Q2 |
| Noble Wealth Management PBC trimmed | 22,127 | $157K | 0.3% | 2026-Q2 |
| Indivisible Partners | 17,250 | $122K | 0.2% | 2026-Q2 |
| Compass Financial Group, INC/SD | 16,303 | $116K | 0.2% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 13,664 | $97K | 0.2% | 2026-Q2 |
| LPL Financial LLC trimmed | 12,243 | $87K | 0.1% | 2026-Q2 |
| Herold Advisors, Inc. added | 11,871 | $85K | 0.1% | 2026-Q2 |
| Focus Partners Wealth | 11,684 | $83K | 0.1% | 2026-Q2 |
| Wellspring Financial Advisors, LLC | 11,058 | $78K | 0.1% | 2026-Q2 |
| Beacon Pointe Advisors, LLC new | 10,531 | $75K | 0.1% | 2026-Q2 |
| Geneos Wealth Management Inc. | 9,732 | $69K | 0.1% | 2026-Q2 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | 7,538 | $54K | 0.1% | 2026-Q2 |
| IFP Advisors, Inc | 6,800 | $48K | 0.1% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 3,342 | $24K | 0.0% | 2026-Q2 |
| Daytona Street Capital LLC | 2,588 | $18K | 0.0% | 2026-Q2 |
| IFG Advisory, LLC new | 1,848 | $13K | 0.0% | 2026-Q2 |
| United Financial Planning Group LLC new | 1,564 | $11K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA | 1,000 | $7K | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN | 1 | $5 | 0.0% | 2026-Q2 |
| Verition Fund Management LLC trimmed | 95,521 | $654K | 1.1% | 2026-Q1 stale (1 quarter behind) |
| SIT INVESTMENT ASSOCIATES INC trimmed | 54,374 | $372K | 0.6% | 2026-Q1 stale (1 quarter behind) |
| Catalina Capital Group, LLC added | 26,206 | $180K | 0.3% | 2026-Q1 stale (1 quarter behind) |
| Maltin Wealth Management, Inc. new | 21,924 | $150K | 0.3% | 2026-Q1 stale (1 quarter behind) |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 14,499 | $99K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| Financially in Tune, LLC new | 10,531 | $72K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| FNY Investment Advisers, LLC | 200 | $1K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Steward Partners Investment Advisory, LLC added | 10,092 | $70K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| CITADEL ADVISORS LLC trimmed | 15,845 | $106K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters 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.