Perma-Pipe International
PPIH
72 hedge funds and large institutions have $113M invested in Perma-Pipe International in 2025 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 22 increasing their positions, 14 reducing their positions, and 6 closing their positions.
473% more call options, than puts
Call options by funds: $10.2M | Put options by funds: $1.78M
317% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 6
57% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 14
39% more capital invested
Capital invested by funds: $80.8M → $113M (+$31.8M)
31% more funds holding
Funds holding: 55 → 72 (+17)
2.83% more ownership
Funds ownership: 43.01% → 45.84% (+2.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$2.63M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.56M |
| 3 |
RA
Royce & Associates
New York
|
+$1.58M |
| 4 |
Jane Street
New York
|
+$1.3M |
| 5 |
6CM
683 Capital Management
New York
|
+$1.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Cannell Capital
Alta,
Wyoming
|
-$2.91M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
-$1.61M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$1.52M |
| 4 |
Renaissance Technologies
New York
|
-$1.45M |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
-$719K |
PPIH Hedge Fund Activity: Q4 2025 in Review
72 of the 8,224 institutional investors tracked by Wall St. Rank reported a position in Perma-Pipe International (PPIH) for Q4 2025, worth a combined $113M — up 39% from $80.8M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new PPIH positions and 6 closed out — a net gain of 19 holders — while 22 added to existing stakes and 14 trimmed.
The largest buyer was Invesco, opening a new position worth an estimated $2.63M. The largest seller was Cannell Capital, cutting an estimated $2.91M.
- 72 institutional investors held Perma-Pipe International (PPIH) as of Q4 2025, up from 55 in Q3 2025.
- Funds reported $113M of Perma-Pipe International stock for Q4 2025, up 39% quarter-over-quarter.
- 25 funds opened new Perma-Pipe International positions in Q4 2025 and 6 closed out, a net change of +19 holders.
- The largest Perma-Pipe International buyer in Q4 2025 was Invesco, an estimated $2.63M added.
- The largest Perma-Pipe International seller in Q4 2025 was Cannell Capital, an estimated $2.91M sold.
Based on aggregated 13F filings for Q4 2025.