Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in PAM held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | SPX Gestao de Recursos Ltda | 548K | $45.0M | +234.6% | 1.007% | 2.50% |
| 2 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 441K | $36.2M | +0.2% | 0.811% | 0.04% |
| 3 | PING CAPITAL MANAGEMENT, INC. | 368K | $30.2M | +11.7% | 0.676% | 7.54% |
| 4 | MORGAN STANLEY | 281K | $23.1M | -15.7% | 0.517% | 0.00% |
| 5 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 280K | $23.0M | -9.3% | 0.514% | 0.00% |
| 6 | PointState Capital LP | 271K | $22.3M | 0.0% | 0.499% | 0.28% |
| 7 | VR Advisory Services Ltd | 232K | $19.1M | 0.0% | 0.427% | 1.69% |
| 8 | JPMORGAN CHASE & CO | 229K | $18.8M | -1.7% | 0.422% | 0.00% |
| 9 | Absolute Gestao de Investimentos Ltda. | 223K | $18.3M | -22.6% | 0.409% | 1.84% |
| 10 | Fundamenta Capital S.A. | 219K | $18.0M | -16.4% | 0.404% | 10.46% |
| 11 | WEXFORD CAPITAL LP | 217K | $17.8M | +227.0% | 0.399% | 2.28% |
| 12 | Itau Unibanco Holding S.A. | 196K | $16.1M | +10.8% | 0.360% | 0.31% |
| 13 | Candriam S.C.A. | 170K | $13.9M | — | 0.313% | 0.06% |
| 14 | CITADEL ADVISORS LLC | 147K | $12.1M | +13.2% | 0.270% | 0.00% |
| 15 | Zeno Equity Partners LLP | 113K | $9.3M | -2.4% | 0.207% | 3.44% |
| 16 | ABS Investment Management LLC | 78K | $8.3M | — | 0.143% | 5.18% |
| 17 | Vennlight Capital Management, LP | 96K | $7.9M | -9.0% | 0.177% | 5.31% |
| 18 | Qube Research & Technologies Ltd | 90K | $7.4M | +213.8% | 0.166% | 0.01% |
| 19 | BNP PARIBAS FINANCIAL MARKETS | 82K | $6.7M | +678.4% | 0.151% | 0.00% |
| 20 | Brevan Howard Capital Management LP | 76K | $6.2M | +1.3% | 0.140% | 0.05% |
| 21 | JANE STREET GROUP, LLC | 71K | $5.8M | -15.6% | 0.130% | 0.00% |
| 22 | MILLENNIUM MANAGEMENT LLC | 68K | $5.6M | -42.5% | 0.125% | 0.00% |
| 23 | Glenorchy Capital Ltd | 66K | $5.4M | +2.1% | 0.121% | 0.20% |
| 24 | DISCOVERY CAPITAL MANAGEMENT, LLC / CT | 65K | $5.4M | — | 0.120% | 0.22% |
| 25 | GOLDMAN SACHS GROUP INC | 56K | $4.6M | -8.0% | 0.102% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in PAM — a direct measure of their conviction.
Filings activity in PAM during Q2 2026, grouped by how each filer changed its position.
Institutions that opened a new PAM position in Q2 2026
Institutions that fully closed their PAM position in Q2 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 85 | 2.3% | 10.04% | +0.20 pp | $449M | 5.0% |
| Q1 2026 | 87 | +4.8% | 9.84% | +0.80 pp | $472M | +17% |
| Q4 2025 | 83 | +17% | 9.04% | +0.04 pp | $405M | +38% |
| Q3 2025 | 71 | 32% | 9.00% | 3.58 pp | $293M | 38% |
| Q2 2025 | 104 | +4.0% | 12.58% | +2.83 pp | $475M | +26% |
| Q1 2025 | 100 | 9.9% | 9.75% | 0.21 pp | $376M | +2.3% |
| Q4 2024 | 111 | +23% | 9.96% | 190.03 pp | $368M | 95% |
| Q3 2024 | 90 | — | 199.99% | — | $7.93B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Latest Form 4 transactions by company officers and directors. Insider buys are widely viewed as a key fundamental indicator because executives are risking personal capital.
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| Jun 24, 2026 | Mindlin Marcos Marcelo | Buy | 739K | $3.35 | $2.5M |
| May 27, 2026 | Mindlin Marcos Marcelo | Buy | 275K | $3.37 | $926K |
| May 7, 2026 | Mariani Gustavo | Buy | 25K | $81.40 | $2.0M |
Quick answers to the most common questions about buying PAM stock.
Based on Q2 2026 13F filings, institutional ownership of Pampa Energía S.A. stands at 10.0%, held across 85 reporting institutions.
SPX Gestao de Recursos Ltda is the largest reported institutional holder of PAM, with approximately 547,637 shares worth $0.04B as of Q2 2026.
Yes — 4 widely-followed marquee investors appear among the top 25 institutional holders of PAM, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, CITADEL ADVISORS LLC, JANE STREET GROUP, LLC, MILLENNIUM MANAGEMENT LLC.
Our composite Smart Money Score for PAM is 57 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
16 institutions opened new positions in PAM during Q2 2026, while 17 fully exited. 17 added to existing positions and 51 trimmed.
PAM institutional ownership rose by 0.20 percentage points quarter-over-quarter, with a net change of -2 holders.
The top 10 institutions account for 56.6% of all reported 13F value in PAM, and the top 25 account for 86.1%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Pampa Energía S.A. (PAM) Institutional Ownership