Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

PIEDMONT REALTY TRUST INC (PDM)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -4
Streak
2Q ▼
Buyers last Q
51%

Smart Money Signals — PDM

Based on 225 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their PDM 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 — 94% of 3.0Y peak

94% of all-time peak
225 funds currently hold this stock — 94% of the 3.0-year high of 240 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 4% fewer funds vs a year ago

fund count last 6Q
9 fewer hedge funds hold PDM compared to a year ago (-4% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 51% buying

107 buying103 selling
Last quarter: 107 funds bought or added vs 103 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 — ~26 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 28 → 34 → 24 → 26. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

70% of holders stayed for 2+ years

■ 70% conviction (2yr+) ■ 20% medium ■ 10% new
158 out of 225 hedge funds have held PDM 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.
📊

Peak discovery — momentum slowing

37 → 28 → 34 → 24 → 26 new funds/Q
New funds entering each quarter: 28 → 34 → 24 → 26. PDM is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 74% of holders stayed 2+ years

■ 74% veterans ■ 11% 1-2yr ■ 16% new
Of 225 current holders: 166 (74%) 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.
🏆

Elite ownership — 45% AUM from top-100 funds

45% from top-100 AUM funds
39 of 225 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in PDM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — 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 — PDM

In 2025 Q4, 107 hedge funds were net buyers of PDM (26 opened a new position, 81 added to an existing one), while 103 reduced or exited (73 trimmed, 30 sold completely) — a 51% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 45% of total institutional value in PDM is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 225.

Hedge Fund Ownership: PDM

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

Market Analysis: PDM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PDM

Real Estate REIT - Office

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

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

45 top-rated funds 0 high-conviction
Consensus
7.2
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: PDM
2026 Q1 Stats Unlock in 8 days 225 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 225 231 -2.6%
13F Shares 111M 107M 3.98%
Total Value $922M $957M -3.61%
New Positions 26 24 +2
Increased Positions 82 72 +10
Closed Positions 30 35 -5
Reduced Positions 73 103 -30
Total Calls 0 3 -100.0%
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 0.33 Bullish

Statistics: PDM

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)

225 + investors

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

Top 25 institutional holders of PDM — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 WILSEY ASSET MANAGEMENT INC 5.04% 4,892,550 $32.1M
2 PRIVATE MANAGEMENT GROUP INC 0.78% 4,101,889 $26.9M
3 Nepsis Inc. 0.70% 319,406 $2.1M
4 CENTERSQUARE INVESTMENT MANAGEMENT LLC 0.24% 3,479,473 $22.9M
5 Sherry Group, Inc. 0.08% 11,423 $75K
6 LSV ASSET MANAGEMENT 0.05% 3,839,254 $25K
7 Inspire Investing, LLC 0.04% 77,441 $509K
8 HARBOR CAPITAL ADVISORS, INC. 0.04% 69,902 —
9 OVERSEA-CHINESE BANKING Corp Ltd 0.04% 206,300 $1.4M
10 HANOVER ADVISORS INC 0.03% 12,366 $81K
11 WOLVERINE ASSET MANAGEMENT LLC 0.02% 381,656 $2.5M
12 DGS Capital Management, LLC 0.02% 15,980 $105K
13 Universal- Beteiligungs- und Servicegesellschaft mbH 0.02% 1,437,438 $9.4M
14 BFSG, LLC 0.02% 25,811 $170K
15 WFA of San Diego, LLC 0.01% 2,828 $19K
16 Pflug Koory, LLC 0.01% 4,676 $31K
17 GSA CAPITAL PARTNERS LLP 0.01% 23,325 —
18 Oak Thistle LLC 0.01% 11,744 $77K
19 Ethic Inc. 0.01% 59,150 $389K
20 NOVARE CAPITAL MANAGEMENT LLC 0.01% 11,383 $75K
21 Geneos Wealth Management Inc. 0.01% 35,743 $235K
22 Metis Global Partners, LLC 0.01% 32,632 $214K
23 Robeco Institutional Asset Management B.V. 0.01% 534,706 $3.5M
24 BESSEMER GROUP INC 0.00% 474,943 $3K
25 State of Alaska, Department of Revenue 0.00% 67,908 —
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 — PIEDMONT REALTY TRUST INC (PDM)

What does the Smart Money Trend signal show for PDM?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their PDM 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 PDM?

Slight buying edge — 51% buying: Last quarter: 107 funds bought or added vs 103 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 PDM holders?

Elite ownership — 45% AUM from top-100 funds: 39 of 225 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in PDM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held PDM?

70% of holders stayed for 2+ years: 158 out of 225 hedge funds have held PDM 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.