Perma-Pipe International
PPIH
55 hedge funds and large institutions have $80.8M invested in Perma-Pipe International in 2025 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 6 closing their positions.
183% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 6
57% more call options, than puts
Call options by funds: $4.52M | Put options by funds: $2.87M
31% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 13
25% more funds holding
Funds holding: 44 → 55 (+11)
13% more capital invested
Capital invested by funds: $71.7M → $80.8M (+$9.14M)
3.33% more ownership
Funds ownership: 39.68% → 43.01% (+3.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$2.37M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$1.15M |
| 3 |
Jane Street
New York
|
+$948K |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$888K |
| 5 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
+$750K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WS
Wedbush Securities
Los Angeles,
California
|
-$1.26M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
-$894K |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$680K |
| 4 |
FLPIM
F.L. Putnam Investment Management
Lynnfield,
Massachusetts
|
-$573K |
| 5 |
FFB
First Financial Bankshares
Abilene,
Texas
|
-$503K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
51
Tower Research Capital (TRC)
New York
| $25.5K | +$17.5K | +676 | +164% |
|
52
US Bancorp
Minneapolis,
Minnesota
| $15.7K | – | – | – |
|
|
WT
53
Whittier Trust
South Pasadena,
California
| $561 | +$646 | +25 | New |
|
|
HNB
54
Huntington National Bank
Columbus,
Ohio
| $7 | – | – | – |
|
|
FLPIM
55
F.L. Putnam Investment Management
Lynnfield,
Massachusetts
| – | -$573K | -25,049 | Closed |
|
|
FFB
56
First Financial Bankshares
Abilene,
Texas
| – | -$503K | -22,000 | Closed |
|
57
Baird Financial Group
Milwaukee,
Wisconsin
| – | -$374K | -16,343 | Closed |
|
|
HIM
58
Hillsdale Investment Management
Toronto,
Ontario, Canada
| – | -$279K | -12,200 | Closed |
|
59
Marshall Wace
London,
United Kingdom
| – | -$275K | -12,023 | Closed |
|
60
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$285K | -11,011 | -100% |
|
61
Lazard Asset Management
New York
| – | -$118K | -5,177 | Closed |
|
PPIH Hedge Fund Activity: Q3 2025 in Review
55 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Perma-Pipe International (PPIH) for Q3 2025, worth a combined $80.8M — up 13% from $71.7M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new PPIH positions and 6 closed out — a net gain of 11 holders — while 17 added to existing stakes and 13 trimmed.
The largest buyer was Royce & Associates, opening a new position worth an estimated $2.37M. The largest seller was Wedbush Securities, cutting an estimated $1.26M.
- 55 institutional investors held Perma-Pipe International (PPIH) as of Q3 2025, up from 44 in Q2 2025.
- Funds reported $80.8M of Perma-Pipe International stock for Q3 2025, up 13% quarter-over-quarter.
- 17 funds opened new Perma-Pipe International positions in Q3 2025 and 6 closed out, a net change of +11 holders.
- The largest Perma-Pipe International buyer in Q3 2025 was Royce & Associates, an estimated $2.37M added.
- The largest Perma-Pipe International seller in Q3 2025 was Wedbush Securities, an estimated $1.26M sold.
Based on aggregated 13F filings for Q3 2025.