Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

PRINCIPAL EXCHANGE TRADED FD (PREF)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -5
Streak
1Q ▼
Buyers last Q
55%

Smart Money Signals — PREF

Based on 128 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their PREF positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (96% of max)

96% of all-time peak
128 hedge funds hold PREF 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 — +16% more funds vs a year ago

fund count last 6Q
+18 new funds entered over the past year (+16% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 55% buying

71 buying57 selling
Last quarter: 71 funds bought or added vs 57 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.
⚠️

Fewer new buyers each quarter (-10 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 22 → 16 → 24 → 14. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

47% of holders stayed for 2+ years

■ 47% conviction (2yr+) ■ 30% medium ■ 23% new
60 out of 128 hedge funds have held PREF 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 — ~14 new funds/quarter

17 → 22 → 16 → 24 → 14 new funds/Q
New funds entering each quarter: 22 → 16 → 24 → 14. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 50% of holders stayed 2+ years

■ 50% veterans ■ 17% 1-2yr ■ 33% new
Of 128 current holders: 64 (50%) 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 — 70% AUM from top-100 funds

70% from top-100 AUM funds
18 of 128 holders are among the 100 largest funds by AUM, controlling 70% of total institutional value in PREF. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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 — PREF

In 2026 Q1, 71 hedge funds were net buyers of PREF (14 opened a new position, 57 added to an existing one), while 57 reduced or exited (38 trimmed, 19 sold completely) — a 55% buyer ratio, indicating a slight buying edge. 70% of total institutional value in PREF is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -5 funds (more exits than new entries). Total institutional holders: 128.

Hedge Fund Ownership: PREF

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

Market Analysis: PREF

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PREF

-- --

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

Is It Too Late to Buy PRINCIPAL EXCHANGE TRADED FD (PREF) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much PREF has moved relative to its sector benchmark (SPY) 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 · 59d ago
PREF
+0.8%
SPY
+16.0%

PREF outperformed SPY by -15.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 14d ago
PREF
+0.7%
SPY
+2.1%

Since the filing became public, PREF outperformed SPY 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.

6 top-rated funds 3 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
2.7
/ 10
conviction
Hedge Fund Positioning: PREF
128 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 128 133 -3.76%
13F Shares 59M 57M 2.65%
Total Value $1.11B $1.09B 1.67%
New Positions 14 24 -10
Increased Positions 57 57 -
Closed Positions 19 14 +5
Reduced Positions 38 37 +1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PREF

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Valuation Measures Data as of: --

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

128 + investors

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

QUARTER:
Top 25 institutional holders of PREF — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 IFC Advisors LLC 7.35% 2,730,332 $51.4M
2 Miller Global Investments, LLC 2.63% 152,314 $2.9M
3 ROGCO, LP 2.50% 398,110 $7.5M
4 Permanens Capital L.P. 2.05% 847,144 $15.9M
5 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 1.88% 648,514 $12.2M
6 Meadow Creek Wealth Advisors LLC 1.82% 149,078 $2.8M
7 Bensler, LLC 1.62% 831,810 $15.7M
8 L2 Asset Management, LLC 1.52% 849,548 $16.0M
9 PSI Advisors, LLC 1.28% 283,605 $5.3M
10 Legacy Bridge, LLC 0.89% 123,545 $2.3M
11 Grey Ledge Advisors, LLC 0.86% 202,206 $3.8M
12 FOCUSED ALPHA, LLC 0.81% 138,592 $2.6M
13 INVESTMENT PARTNERS, LTD. 0.67% 99,541 $1.9M
14 AXS Investments LLC 0.56% 73,183 $1.4M
15 First Citizens Financial Corp 0.52% 58,857 $1.1M
16 CAPITAL & PLANNING, LLC 0.45% 39,640 $746K
17 Gilliland Jeter Wealth Management LLC 0.45% 80,872 $1.5M
18 Berger Financial Group, Inc 0.43% 403,943 $7.6M
19 Spartan Wealth Advisory Services LLC 0.42% 255,406 $4.8M
20 MainStreet Investment Advisors LLC 0.40% 140,310 $2.6M
21 FLAGSTAR ADVISORS INC 0.36% 53,210 $1.0M
22 Henderson Brothers Financial Partners, LLC 0.36% 75,468 $1.4M
23 PRINCIPAL SECURITIES, INC. 0.33% 1,212,564 $22.8M
24 Mechanics Financial Corp 0.33% 42,419 $798K
25 NewEdge Advisors, LLC 0.28% 54,035 $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 — PRINCIPAL EXCHANGE TRADED FD (PREF)

What does the Smart Money Trend signal show for PREF?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their PREF 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 PREF?

Slight buying edge — 55% buying: Last quarter: 71 funds bought or added vs 57 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 PREF holders?

Elite ownership — 70% AUM from top-100 funds: 18 of 128 holders are among the 100 largest funds by AUM, controlling 70% of total institutional value in PREF. 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 PREF?

47% of holders stayed for 2+ years: 60 out of 128 hedge funds have held PREF 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 PRINCIPAL EXCHANGE TRADED FD (PREF) following the 2026 Q1 hedge fund 13F filings?

As of today, PREF has moved +0.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.1% for the SPY sector ETF — an outperformance of -1.4%. Since the quarter end (March 31, 2026), PREF has gained +0.8% vs +16.0% for SPY. 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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