Who owns PPI (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-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
12 tracked funds added or opened PPI while 5 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
PPI’s largest tracked holder by dollar value, Astoria Portfolio Advisors LLC., sizes it at 6.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 6.1pp 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 2025-Q4 and 2026-Q1, across 46 tracked filers holding PPI, 27 increased or opened the position and 20 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 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 3
- First National Advisers, LLC$5M
- Ashton Thomas Private Wealth, LLC$1M
- CITADEL ADVISORS LLC$555K
Full exits 4
- PUFF WEALTH MANAGEMENT, LLC$2M
- Pursuit Wealth Management LLC$1M
- FLOW TRADERS U.S. LLC$543K
- JANE STREET GROUP, LLC$529K
Largest adds
- Hobbs Group Advisors, LLC$2M
- Astoria Portfolio Advisors LLC.$2M
- LPL Financial LLC$2M
- Oregon Pacific Wealth Management, LLC$789K
- 4WEALTH ADVISORS, INC.$454K
- Cascades Capital Asset Management, LLC$407K
Largest trims
- Vermillion & White Wealth Management Group, LLC$1M
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 | 1,302,376 | $28M | 30.5% | 2026-Q1 |
| Hobbs Group Advisors, LLC added | 817,844 | $17M | 18.3% | 2026-Q1 |
| First National Advisers, LLC new | 236,350 | $5M | 5.3% | 2026-Q1 |
| Janney Montgomery Scott LLC trimmed | 204,256 | $4M | 4.6% | 2026-Q1 |
| Oregon Pacific Wealth Management, LLC added | 172,301 | $4M | 3.8% | 2026-Q1 |
| LPL Financial LLC added | 161,999 | $3M | 3.6% | 2026-Q1 |
| Vermillion & White Wealth Management Group, LLC trimmed | 160,425 | $2M | 2.5% | 2026-Q1 |
| BlackDiamond Wealth Management, LLC added | 78,146 | $2M | 1.7% | 2026-Q1 |
| Latitude Advisors, LLC added | 77,446 | $2M | 1.7% | 2026-Q1 |
| Cascades Capital Asset Management, LLC added | 74,826 | $2M | 1.7% | 2026-Q1 |
| SILVERLAKE WEALTH MANAGEMENT LLC added | 73,213 | $2M | 1.6% | 2026-Q1 |
| 4WEALTH ADVISORS, INC. added | 69,199 | $1M | 1.5% | 2026-Q1 |
| Onyx Bridge Wealth Group LLC added | 64,142 | $1M | 1.4% | 2026-Q1 |
| Ashton Thomas Private Wealth, LLC new | 48,735 | $1M | 1.1% | 2026-Q1 |
| Orion Porfolio Solutions, LLC trimmed | 43,068 | $896K | 1.0% | 2026-Q1 |
| FSA WEALTH PARTNERS, INC. trimmed | 41,532 | $864K | 0.9% | 2026-Q1 |
| World Investment Advisors added | 39,721 | $826K | 0.9% | 2026-Q1 |
| Ellis Investment Partners, LLC trimmed | 31,231 | $650K | 0.7% | 2026-Q1 |
| Belpointe Asset Management LLC added | 30,346 | $631K | 0.7% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 30,123 | $627K | 0.7% | 2026-Q1 |
| WADDELL & ASSOCIATES, LLC | 30,098 | $626K | 0.7% | 2026-Q1 |
| Strait & Sound Wealth Management LLC trimmed | 29,126 | $606K | 0.7% | 2026-Q1 |
| BLUEDOOR PRIVATE WEALTH, LLC added | 27,762 | $577K | 0.6% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 26,687 | $555K | 0.6% | 2026-Q1 |
| Bison Wealth, LLC trimmed | 19,551 | $435K | 0.5% | 2026-Q1 |
| WOODWARD DIVERSIFIED CAPITAL, LLC added | 19,179 | $419K | 0.4% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 19,076 | $397K | 0.4% | 2026-Q1 |
| SARD WEALTH MANAGEMENT GROUP, LLC added | 17,907 | $372K | 0.4% | 2026-Q1 |
| REAP Financial Group, LLC trimmed | 16,685 | $347K | 0.4% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 16,284 | $341K | 0.4% | 2026-Q1 |
| GeoWealth Management, LLC trimmed | 15,480 | $322K | 0.3% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 11,836 | $246K | 0.3% | 2026-Q1 |
| Clark Asset Management, LLC | 11,245 | $234K | 0.3% | 2026-Q1 |
| FIFTH THIRD BANCORP new | 10,101 | $210K | 0.2% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. | 8,741 | $182K | 0.2% | 2026-Q1 |
| Millstone Evans Group, LLC | 7,435 | $155K | 0.2% | 2026-Q1 |
| Sound Income Strategies, LLC new | 4,486 | $94K | 0.1% | 2026-Q1 |
| Parallel Advisors, LLC new | 1,000 | $21K | 0.0% | 2026-Q1 |
| MORGAN STANLEY | 931 | $19K | 0.0% | 2026-Q1 |
| ASSETMARK, INC new | 857 | $18K | 0.0% | 2026-Q1 |
| EVOLUTION WEALTH MANAGEMENT INC. trimmed | 770 | $16K | 0.0% | 2026-Q1 |
| Root Financial Partners, LLC new | 709 | $15K | 0.0% | 2026-Q1 |
| Bogart Wealth, LLC | 400 | $8K | 0.0% | 2026-Q1 |
| Covestor Ltd added | 185 | $4K | 0.0% | 2026-Q1 |
| Smartleaf Asset Management LLC | 140 | $3K | 0.0% | 2026-Q1 |
| UBS Group AG trimmed | 18 | $374 | 0.0% | 2026-Q1 |
| PUFF WEALTH MANAGEMENT, LLC added | 104,549 | $2M | 2.1% | 2025-Q4 stale |
| GWN SECURITIES INC. new | 81,824 | $1M | 1.3% | 2025-Q1 stale |
| Pursuit Wealth Management LLC new | 57,454 | $1M | 1.1% | 2025-Q4 stale |
| Private Advisor Group, LLC added | 38,971 | $565K | 0.6% | 2025-Q1 stale |
| FLOW TRADERS U.S. LLC trimmed | 29,169 | $543K | 0.6% | 2025-Q4 stale |
| JANE STREET GROUP, LLC trimmed | 28,395 | $529K | 0.6% | 2025-Q4 stale |
| Orion Portfolio Solutions, LLC added | 35,311 | $512K | 0.5% | 2025-Q1 stale |
| StoneX Group Inc. added | 30,218 | $438K | 0.5% | 2025-Q1 stale |
| AMERIPRISE FINANCIAL INC added | 18,838 | $351K | 0.4% | 2025-Q4 stale |
| Virtu Financial LLC added | 15,482 | $224K | 0.2% | 2025-Q1 stale |
| AlTi Global, Inc. | 11,391 | $212K | 0.2% | 2025-Q4 stale |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 11,401 | $209K | 0.2% | 2025-Q3 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 10,472 | $195K | 0.2% | 2025-Q4 stale |
| COMERICA BANK added | 10,071 | $188K | 0.2% | 2025-Q4 stale |
| Cambridge Investment Research Advisors, Inc. trimmed | 10,323 | $169K | 0.2% | 2025-Q2 stale |
| MONTAG A & ASSOCIATES INC | 3,536 | $65K | 0.1% | 2025-Q3 stale |
| ROYAL BANK OF CANADA added | 1,260 | $23K | 0.0% | 2025-Q3 stale |
| WealthTrak Capital Management LLC new | 1,046 | $17K | 0.0% | 2025-Q2 stale |
| Transce3nd, LLC | 348 | $6K | 0.0% | 2025-Q2 stale |
| MAI Capital Management | 119 | $2K | 0.0% | 2025-Q3 stale |
| ORG Wealth Partners, LLC new | 210 | $2K | 0.0% | 2025-Q1 stale |
| CoreCap Advisors, LLC new | 75 | $1K | 0.0% | 2025-Q1 stale |
| CWM, LLC | 80 | $1K | 0.0% | 2025-Q3 stale |
| FMR LLC added | 4 | $65 | 0.0% | 2025-Q2 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 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.