Perma-Pipe International
PPIH
44 hedge funds and large institutions have $71.7M invested in Perma-Pipe International in 2025 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 9 increasing their positions, 20 reducing their positions, and 5 closing their positions.
97% more call options, than puts
Call options by funds: $2.42M | Put options by funds: $1.23M
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
75% more capital invested
Capital invested by funds: $40.9M → $71.7M (+$30.8M)
7% more funds holding
Funds holding: 41 → 44 (+3)
1.54% less ownership
Funds ownership: 41.22% → 39.68% (-1.5%)
55% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
THC
Truffle Hound Capital
Bethesda,
Maryland
|
+$591K |
| 2 |
FFB
First Financial Bankshares
Abilene,
Texas
|
+$317K |
| 3 |
CSC
Caldwell Sutter Capital
Sausalito,
California
|
+$217K |
| 4 |
Millennium Management
New York
|
+$189K |
| 5 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$178K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WS
Wedbush Securities
Los Angeles,
California
|
-$1.25M |
| 2 |
EA
Ellsworth Advisors
Hudson,
Ohio
|
-$581K |
| 3 |
CC
Cannell Capital
Alta,
Wyoming
|
-$233K |
| 4 |
Jane Street
New York
|
-$230K |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$184K |
PPIH Hedge Fund Activity: Q2 2025 in Review
44 of the 7,614 institutional investors tracked by Wall St. Rank reported a position in Perma-Pipe International (PPIH) for Q2 2025, worth a combined $71.7M — up 75% from $40.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new PPIH positions and 5 closed out — a net gain of 4 holders — while 9 added to existing stakes and 20 trimmed.
The largest buyer was Truffle Hound Capital, opening a new position worth an estimated $591K. The largest seller was Wedbush Securities, cutting an estimated $1.25M.
- 44 institutional investors held Perma-Pipe International (PPIH) as of Q2 2025, up from 41 in Q1 2025.
- Funds reported $71.7M of Perma-Pipe International stock for Q2 2025, up 75% quarter-over-quarter.
- 9 funds opened new Perma-Pipe International positions in Q2 2025 and 5 closed out, a net change of +4 holders.
- The largest Perma-Pipe International buyer in Q2 2025 was Truffle Hound Capital, an estimated $591K added.
- The largest Perma-Pipe International seller in Q2 2025 was Wedbush Securities, an estimated $1.25M sold.
Based on aggregated 13F filings for Q2 2025.