Phreesia
PHR
246 hedge funds and large institutions have $496M invested in Phreesia in 2026 Q1 according to their latest regulatory filings, with 73 funds opening new positions, 85 increasing their positions, 59 reducing their positions, and 55 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 59
33% more first-time investments, than exits
New positions opened: 73 | Existing positions closed: 55
6% more funds holding
Funds holding: 231 → 246 (+15)
1.3% more ownership
Funds ownership: 96.18% → 97.48% (+1.3%)
8% more capital inflows, than outflows
Capital inflows: $387M | Capital outflows: $359M
64% less call options, than puts
Call options by funds: $1.02M | Put options by funds: $2.83M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFCS
Pale Fire Capital SE
Prague,
Czech Republic
|
+$114M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$18.7M |
| 3 |
Algert Global
San Francisco,
California
|
+$13M |
| 4 |
WCA
Whetstone Capital Advisors
Shawnee Mission,
Kansas
|
+$12.6M |
| 5 |
OP Asset Management
Helsinki,
|
+$10.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$48.2M |
| 2 |
GF
Greenhouse Funds
Baltimore,
Maryland
|
-$41.8M |
| 3 |
Deerfield Management
New York
|
-$33.8M |
| 4 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
-$27.2M |
| 5 |
Millennium Management
New York
|
-$26.6M |
PHR Hedge Fund Activity: Q1 2026 in Review
246 of the 8,212 institutional investors tracked by Wall St. Rank reported a position in Phreesia (PHR) for Q1 2026, worth a combined $496M — down 49% from $981M a quarter earlier.
Buyers outnumbered sellers: 73 funds opened new PHR positions and 55 closed out — a net gain of 18 holders — while 85 added to existing stakes and 59 trimmed.
The largest buyer was Pale Fire Capital SE, opening a new position worth an estimated $114M. The largest seller was Capital International Investors, exiting entirely with an estimated $48.2M sold.
- 246 institutional investors held Phreesia (PHR) as of Q1 2026, up from 231 in Q4 2025.
- Funds reported $496M of Phreesia stock for Q1 2026, down 49% quarter-over-quarter.
- 73 funds opened new Phreesia positions in Q1 2026 and 55 closed out, a net change of +18 holders.
- The largest Phreesia buyer in Q1 2026 was Pale Fire Capital SE, an estimated $114M added.
- The largest Phreesia seller in Q1 2026 was Capital International Investors, an estimated $48.2M sold.
Based on aggregated 13F filings for Q1 2026.