Who owns PPI
Which tracked institutional funds hold PPI, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PPI company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-19). 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
The tracked-fund tape on PPI is one-sided between 2026-Q1 and 2026-Q2: 10 added or opened and 3 trimmed or exited — on balance accumulating.
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
PPI’s largest tracked holder by dollar value, Astoria Portfolio Advisors LLC., sizes it at 5.2% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 5.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in PPI 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 51 tracked filers holding PPI, 29 increased or opened the position and 18 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 PPI 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 2
- PUFF WEALTH MANAGEMENT, LLC$3M
- CARY STREET PARTNERS FINANCIAL LLC$1M
Full exits 2
- Janney Montgomery Scott LLC$4M
- CITADEL ADVISORS LLC$555K
Largest adds
- Astoria Portfolio Advisors LLC.$2M
- Vermillion & White Wealth Management Group, LLC$2M
- LPL Financial LLC$915K
- Ashton Thomas Private Wealth, LLC$688K
- Sound Income Strategies, LLC$635K
- Cascades Capital Asset Management, LLC$576K
Largest trims
- Belpointe Asset Management LLC$269K
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 |
|---|---|---|---|---|
| Astoria Portfolio Advisors LLC. added | 1,440,803 | $31M | 30.4% | 2026-Q2 |
| Hobbs Group Advisors, LLC trimmed | 816,048 | $17M | 17.2% | 2026-Q2 |
| First National Advisers, LLC trimmed | 219,280 | $5M | 4.6% | 2026-Q2 |
| Vermillion & White Wealth Management Group, LLC added | 200,895 | $4M | 4.2% | 2026-Q2 |
| LPL Financial LLC added | 201,255 | $4M | 4.2% | 2026-Q2 |
| Oregon Pacific Wealth Management, LLC trimmed | 167,823 | $4M | 3.5% | 2026-Q2 |
| PUFF WEALTH MANAGEMENT, LLC added | 156,787 | $3M | 3.3% | 2026-Q2 |
| Cascades Capital Asset Management, LLC added | 100,151 | $2M | 2.1% | 2026-Q2 |
| BlackDiamond Wealth Management, LLC added | 81,145 | $2M | 1.7% | 2026-Q2 |
| Ashton Thomas Private Wealth, LLC added | 79,943 | $2M | 1.7% | 2026-Q2 |
| Latitude Advisors, LLC added | 78,650 | $2M | 1.7% | 2026-Q2 |
| 4WEALTH ADVISORS, INC. added | 72,281 | $2M | 1.5% | 2026-Q2 |
| Onyx Bridge Wealth Group LLC added | 69,017 | $1M | 1.5% | 2026-Q2 |
| SILVERLAKE WEALTH MANAGEMENT LLC trimmed | 67,276 | $1M | 1.4% | 2026-Q2 |
| CARY STREET PARTNERS FINANCIAL LLC new | 62,672 | $1M | 1.3% | 2026-Q2 |
| Orion Porfolio Solutions, LLC added | 51,662 | $1M | 1.1% | 2026-Q2 |
| FSA WEALTH PARTNERS, INC. trimmed | 40,927 | $871K | 0.9% | 2026-Q2 |
| World Investment Advisors | 39,721 | $826K | 0.8% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 39,141 | $821K | 0.8% | 2026-Q2 |
| Sound Income Strategies, LLC added | 34,266 | $729K | 0.7% | 2026-Q2 |
| Ellis Investment Partners, LLC added | 31,364 | $668K | 0.7% | 2026-Q2 |
| BLUEDOOR PRIVATE WEALTH, LLC added | 30,511 | $650K | 0.6% | 2026-Q2 |
| WADDELL & ASSOCIATES, LLC | 30,098 | $641K | 0.6% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 29,800 | $634K | 0.6% | 2026-Q2 |
| Strait & Sound Wealth Management LLC added | 29,129 | $620K | 0.6% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 19,686 | $419K | 0.4% | 2026-Q2 |
| WOODWARD DIVERSIFIED CAPITAL, LLC trimmed | 18,889 | $402K | 0.4% | 2026-Q2 |
| Bison Wealth, LLC trimmed | 18,445 | $392K | 0.4% | 2026-Q2 |
| SARD WEALTH MANAGEMENT GROUP, LLC added | 18,006 | $383K | 0.4% | 2026-Q2 |
| Belpointe Asset Management LLC trimmed | 17,026 | $362K | 0.4% | 2026-Q2 |
| GeoWealth Management, LLC added | 16,156 | $344K | 0.3% | 2026-Q2 |
| Equitable Holdings, Inc. new | 16,144 | $344K | 0.3% | 2026-Q2 |
| REAP Financial Group, LLC trimmed | 11,628 | $248K | 0.2% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 11,256 | $240K | 0.2% | 2026-Q2 |
| Clark Asset Management, LLC | 11,245 | $239K | 0.2% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 9,986 | $213K | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 9,882 | $210K | 0.2% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. trimmed | 8,541 | $182K | 0.2% | 2026-Q2 |
| Millstone Evans Group, LLC | 7,435 | $158K | 0.2% | 2026-Q2 |
| MORGAN STANLEY added | 2,505 | $53K | 0.1% | 2026-Q2 |
| PNC Financial Services Group, Inc. new | 2,364 | $50K | 0.0% | 2026-Q2 |
| IFG Advisory, LLC new | 1,719 | $37K | 0.0% | 2026-Q2 |
| LANARK FINANCIAL, INC. new | 1,475 | $31K | 0.0% | 2026-Q2 |
| Parallel Advisors, LLC | 1,000 | $21K | 0.0% | 2026-Q2 |
| EVOLUTION WEALTH MANAGEMENT INC. | 770 | $16K | 0.0% | 2026-Q2 |
| Bogart Wealth, LLC | 400 | $9K | 0.0% | 2026-Q2 |
| OAKWORTH CAPITAL, INC. new | 422 | $5K | 0.0% | 2026-Q2 |
| Smartleaf Asset Management LLC | 140 | $3K | 0.0% | 2026-Q2 |
| UBS Group AG | 18 | $383 | 0.0% | 2026-Q2 |
| Arax Advisory Partners new | 3 | $64 | 0.0% | 2026-Q2 |
| SIMPLEX TRADING, LLC new | 3 | $63 | 0.0% | 2026-Q2 |
| Janney Montgomery Scott LLC trimmed | 204,256 | $4M | 4.2% | 2026-Q1 stale (1 quarter behind) |
| CITADEL ADVISORS LLC trimmed | 26,687 | $555K | 0.5% | 2026-Q1 stale (1 quarter behind) |
| ASSETMARK, INC new | 857 | $18K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Root Financial Partners, LLC new | 709 | $15K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Covestor Ltd added | 185 | $4K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Pursuit Wealth Management LLC new | 57,454 | $1M | 1.1% | 2025-Q4 stale (2 quarters behind) |
| FLOW TRADERS U.S. LLC trimmed | 29,169 | $543K | 0.5% | 2025-Q4 stale (2 quarters behind) |
| AMERIPRISE FINANCIAL INC added | 18,838 | $351K | 0.3% | 2025-Q4 stale (2 quarters behind) |
| AlTi Global, Inc. | 11,391 | $212K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 10,472 | $195K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| COMERICA BANK added | 10,071 | $188K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 11,401 | $209K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| MONTAG A & ASSOCIATES INC | 3,536 | $65K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| ROYAL BANK OF CANADA new | 1,260 | $23K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| MAI Capital Management | 119 | $2K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| CWM, LLC | 80 | $1K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Cambridge Investment Research Advisors, Inc. trimmed | 10,323 | $169K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| WealthTrak Capital Management LLC new | 1,046 | $17K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| Transce3nd, LLC | 348 | $6K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| FMR LLC added | 4 | $65 | 0.0% | 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.