Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

PROASSURANCE CORP (PRA)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +13
Streak
2Q ▲
Buyers last Q
59%

Smart Money Signals — PRA

Based on 220 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added PRA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
220 hedge funds hold PRA right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +11% more funds vs a year ago

fund count last 6Q
+21 new funds entered over the past year (+11% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 59% buying

121 buying84 selling
Last quarter: 121 funds bought or added vs 84 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 — ~34 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 31 → 27 → 32 → 34. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 21% medium ■ 20% new
129 out of 220 hedge funds have held PRA 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.
📈

Growing discovery — still being found

52 → 31 → 27 → 32 → 34 new funds/Q
New funds entering each quarter: 31 → 27 → 32 → 34. A growing number of institutions are discovering PRA each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 62% of holders stayed 2+ years

■ 62% veterans ■ 7% 1-2yr ■ 31% new
Of 224 current holders: 140 (62%) 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
40 of 220 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.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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 — PRA

In 2026 Q1, 121 hedge funds were net buyers of PRA (34 opened a new position, 87 added to an existing one), while 84 reduced or exited (63 trimmed, 21 sold completely) — a 59% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 34% of total institutional value in PRA is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +13 funds (more new holders than closures). Total institutional holders: 220.

Hedge Fund Ownership: PRA

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

Market Analysis: PRA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PRA

-- --

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

Is It Too Late to Buy PROASSURANCE CORP (PRA) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much PRA has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 71d ago
PRA
+3.8%
XLF
+5.8%

PRA outperformed XLF by -2.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 26d ago
PRA
+0.8%
XLF
+2.2%

Since the filing became public, PRA outperformed XLF by -1.4% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

20 top-rated funds 0 high-conviction
Consensus
5.7
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: PRA
220 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 220 207 6.28%
13F Shares 52M 50M 3.81%
Total Value $1.23B $1.20B 2.46%
New Positions 34 32 +2
Increased Positions 87 72 +15
Closed Positions 21 20 +1
Reduced Positions 61 71 -10
Total Calls 1 1 -
Total Puts 3 0 100%
PUT/CALL Ratio 3.0 0.0 Bearish

Statistics: PRA

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Institutional Holders (2026 Q1)

220 + investors

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

QUARTER:
Top 25 institutional holders of PRA — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Vazirani Asset Management LLC 5.70% 100,000 $2.5M
2 Olympiad Research LP 4.71% 62,500 $1.5M
3 PSquared Asset Management AG 3.17% 368,059 $9.1M
4 NEXPOINT ASSET MANAGEMENT, L.P. 2.35% 1,416,581 $35.0M
5 GARDNER LEWIS ASSET MANAGEMENT L P 2.19% 409,604 $10.1M
6 Westchester Capital Management, LLC 1.63% 1,455,041 $36.0M
7 ALPINE ASSOCIATES MANAGEMENT INC. 1.38% 945,590 $23.4M
8 THIRD AVENUE MANAGEMENT LLC 1.05% 260,608 $6.4M
9 Smith Thornton Advisors LLC 0.83% 66,500 $1.6M
10 Versor Investments LP 0.82% 13,614 $337K
11 Magnetar Financial LLC 0.82% 3,246,435 $80.3M
12 GLAZER CAPITAL, LLC 0.81% 1,546,643 $38K
13 Kintayl Capital LP 0.73% 56,855 $1.4M
14 GABELLI & Co INVESTMENT ADVISERS, INC. 0.65% 177,815 $4.4M
15 Transmarket Holdings LP 0.63% 35,600 $860K
16 CREDIT INDUSTRIEL ET COMMERCIAL 0.57% 294,874 $7.3M
17 ABC ARBITRAGE SA 0.56% 169,272 $4.2M
18 Atom Investors LP 0.41% 230,051 $5.7M
19 PRELUDE CAPITAL MANAGEMENT, LLC 0.31% 164,247 $4.1M
20 FNY Investment Advisers, LLC 0.29% 27,262 —
21 Minerva Advisors LLC 0.28% 17,234 $426K
22 Optimize Financial Inc 0.24% 19,365 $479K
23 AQR Arbitrage LLC 0.22% 543,904 $13.4M
24 Future Fund LLC 0.18% 20,837 $515K
25 Dana Investment Advisors, Inc. 0.18% 241,452 $6.0M
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 — PROASSURANCE CORP (PRA)

What does the Smart Money Trend signal show for PRA?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added PRA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for PRA?

Slight buying edge — 59% buying: Last quarter: 121 funds bought or added vs 84 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 PRA holders?

Strong quality — 34% AUM from major funds: 40 of 220 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 PRA?

59% of holders stayed for 2+ years: 129 out of 220 hedge funds have held PRA 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.

Is it too late to buy PROASSURANCE CORP (PRA) following the 2026 Q1 hedge fund 13F filings?

As of today, PRA has moved +0.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.2% for the XLF sector ETF — an outperformance of -1.4%. Since the quarter end (March 31, 2026), PRA has gained +3.8% vs +5.8% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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