Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

PAR TECHNOLOGY CORP (PAR)

212 + Investors. Track Smart Money conviction in PAR. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -7
Streak
3Q ▼
Buyers last Q
57%

Smart Money Signals — PAR

Based on 200 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their PAR positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 87% of 3.0Y peak

87% of all-time peak
200 funds currently hold this stock — 87% of the 3.0-year high of 231 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 12% fewer funds vs a year ago

fund count last 6Q
27 fewer hedge funds hold PAR compared to a year ago (-12% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 57% buying

127 buying96 selling
Last quarter: 127 funds bought or added vs 96 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~36 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 40 → 30 → 39 → 36. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 24% medium ■ 18% new
114 out of 200 hedge funds have held PAR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~36 new funds/quarter

51 → 40 → 30 → 39 → 36 new funds/Q
New funds entering each quarter: 40 → 30 → 39 → 36. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 65% of holders stayed 2+ years

■ 65% veterans ■ 13% 1-2yr ■ 23% new
Of 212 current holders: 137 (65%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 34% AUM from major funds

34% from top-100 AUM funds
32 of 200 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.8
out of 10
Low Exit Risk
Exit risk score 2.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — PAR

In 2025 Q4, 127 hedge funds were net buyers of PAR (36 opened a new position, 91 added to an existing one), while 96 reduced or exited (53 trimmed, 43 sold completely) — a 57% buyer ratio, indicating a slight buying edge. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 34% of total institutional value in PAR is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -7 funds (more exits than new entries). Total institutional holders: 200.

Hedge Fund Ownership: PAR

How many hedge funds hold PAR — quarterly history vs. share price
Quarterly hedge fund ownership of PAR vs. share price

Market Analysis: PAR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PAR

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

32 top-rated funds 3 high-conviction
Consensus
6.6
/ 10
breadth
×
Elite
2.7
/ 10
conviction
Hedge Fund Positioning: PAR
2026 Q1 Stats Unlock in 5 days 212 + Investors

Track Smart Money conviction in PAR. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 212 215 -1.4%
13F Shares 45M 44M 3.2%
Total Value $1.61B $1.77B -8.7%
New Positions 38 41 -3
Increased Positions 113 83 +30
Closed Positions 43 60 -17
Reduced Positions 60 77 -17
Total Calls 9 7 28.57%
Total Puts 7 4 75.0%
PUT/CALL Ratio 0.78 0.57 Neutral

Statistics: PAR

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

212 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in PAR. Verified SEC 13F-HR filings.

QUARTER:
Top 25 institutional holders of PAR — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 BROOKTREE CAPITAL MANAGEMENT 9.11% 862,391 $11.5M
2 Greenhaven Road Investment Management, L.P. 7.43% 810,444 $10.8M
3 Bandera Partners LLC 4.22% 700,000 $9.3M
4 Voss Capital, LP 3.45% 4,880,100 $65.1M
5 ADW Capital Management, LLC 3.19% 615,600 $8.2M
6 ADW Capital Management, LLC 3.09% 597,229 $8.0M
7 WITTENBERG INVESTMENT MANAGEMENT, INC. 1.69% 341,945 $4.6M
8 Walleye Partners, LLC 1.19% 72,624 $968K
9 Palogic Value Management, L.P. 0.45% 80,000 $1.1M
10 Penbrook Management LLC 0.36% 35,775 $477K
11 Long Focus Capital Management, LLC 0.35% 990,000 $13.2M
12 Redmond Asset Management, LLC 0.31% 84,242 $1.1M
13 MARATHON CAPITAL MANAGEMENT 0.30% 100,920 $1.3M
14 SILVERBACK ASSET MANAGEMENT LLC 0.29% 150,000 $2.0M
15 Madison Avenue Partners, LP 0.26% 447,878 $6.0M
16 K2 PRINCIPAL FUND, L.P. 0.22% 240,000 $3.2M
17 Visionary Wealth Advisors 0.21% 360,128 $4.8M
18 Voss Capital, LP 0.21% 296,500 $4.0M
19 K2 PRINCIPAL FUND, L.P. 0.20% 210,000 $2.8M
20 Bayforest Capital Ltd 0.16% 10,826 $144K
21 Rock Creek Group LLC 0.13% 100,000 $1.3M
22 KENNEDY CAPITAL MANAGEMENT LLC 0.12% 409,686 $5.5M
23 Stephens Investment Management Group LLC 0.08% 458,621 $6.1M
24 Crawford Fund Management, LLC 0.08% 31,000 $413K
25 ROYCE & ASSOCIATES LP 0.08% 579,416 $7.7M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — PAR TECHNOLOGY CORP (PAR)

What does the Smart Money Trend signal show for PAR?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their PAR positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for PAR?

Slight buying edge — 57% buying: Last quarter: 127 funds bought or added vs 96 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for PAR holders?

Strong quality — 34% AUM from major funds: 32 of 200 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held PAR?

57% of holders stayed for 2+ years: 114 out of 200 hedge funds have held PAR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.