CPI Card Group Inc.: which funds bought and sold

Institutions that bought and sold CPI Card Group shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 45 institutions that filed 13F reports for both quarters added to or opened positions in CPI Card Group, and 24 cut or closed them. Together they added a net 326K shares, +11.8% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 15K shares (−4.7%); index fund managers were net buyers of 131K shares (+10.1%). 10 opened a new position and 5 sold out entirely.

Bought, Q2 2026 45 institutions, 10 of them new holders Sold, Q2 2026 24 institutions, 5 of them sold out

Net change, all compared +326K shares (+11.8%)

Net change, active managers −15K shares (−4.7%), 6 bought, 6 sold

Buyers versus sellers

institutions compared, 81

45 bought 12 24 sold

Active managers and hedge funds 6 bought · 6 sold · −15K

Index fund managers 9 bought · 0 sold · +131K

Other institutions 30 bought · 18 sold · +209K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Pembroke Management, Ltd	+140K +140.9%	240K	$5M
Blackrock, Inc. Index funds	+85K +19.7%	516K	$10.7M
Pacific Ridge Capital Partners, LLC	+42K +8.9%	508K	$10.5M
State Street Corp Index funds	+19K +25.4%	96K	$2M
Geode Capital Management, LLC Index funds	+13K +8.1%	180K	$3.7M
O'Shaughnessy Asset Management, LLC Active manager	+11K New position	11K	$233,609
Goldman Sachs Group Inc	+11K New position	11K	$226,668
AQR Capital Management LLC Hedge fund	+11K New position	11K	$223,947
Man Group PLC Hedge fund	+9,854 New position	9,854	$204,766
Dimensional Fund Advisors LP	+9,316 +21.8%	52K	$1.1M
Nuveen, LLC	+8,891 +35.7%	34K	$702,904
State Of Alaska, Department Of Revenue	+6,000 New position	6,000	$124,000
Bank Of New York Mellon Corp	+5,922 +15.6%	44K	$910,351
Wells Fargo & Company	+4,461 +154.9%	7,340	$152,532
Vanguard Fiduciary Trust Co Index funds	+3,661 +8.4%	47K	$983,164
Vanguard Capital Management LLC Index funds	+3,393 +1.3%	264K	$5.5M
Citigroup Inc	+2,924 +359.2%	3,738	$77,676
Meeder Asset Management Inc	+2,557 New position	2,557	$53,134
Charles Schwab Investment Management Inc Index funds	+2,512 +12.8%	22K	$459,965
Police & Firemen'S Retirement System Of New Jersey	+2,373 +235.9%	3,379	$70,216

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
O'Shaughnessy Asset Management, LLC Active manager	+11K New position	11K	$233,609
AQR Capital Management LLC Hedge fund	+11K New position	11K	$223,947
Man Group PLC Hedge fund	+9,854 New position	9,854	$204,766
Trexquant Investment LP Hedge fund	+2,118 +4.4%	50K	$1M
Lazard Asset Management LLC Active manager	+1,701 +15.7%	13K	$260,560
FMR LLC Active manager	+378 +13.5%	3,188	$66,246

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Xtx Topco Ltd	−22K Sold out	0	—
Quadrature Capital Ltd Hedge fund	−14K Sold out	0	—
Citadel Advisors LLC Hedge fund	−14K Sold out	0	—
Walleye Capital LLC Hedge fund	−11K −43.9%	14K	$287,367
Two Sigma Investments, LP Hedge fund	−5,402 −10.2%	47K	$985,304
Mariner Investment Group LLC	−5,000 −27.7%	13K	$271,179
LSV Asset Management Active manager	−3,700 −4.0%	88K	$1.8M
Ifp Advisors, Inc	−3,086 −74.1%	1,076	$22,359
Arrowstreet Capital, Limited Partnership Hedge fund	−2,471 −6.5%	36K	$742,054
Freestone Capital Holdings, LLC	−2,000 −6.7%	28K	$581,840
UBS Group AG	−1,365 −1.1%	127K	$2.6M
Kornitzer Capital Management Inc	−1,111 −3.3%	33K	$683,475
California State Teachers Retirement System	−300 −73.3%	109	$2,265
BNP Paribas Financial Markets	−267 −16.1%	1,390	$28,884
Morgan Stanley	−212 −2.0%	11K	$219,769
Jpmorgan Chase & Co	−189 −5.3%	3,373	$69,383
Barclays PLC	−177 −12.7%	1,217	$25,289
Potomac Capital Management, Inc.	−100 −0.8%	12K	$249,360
Sbi Securities Co., Ltd.	−100 −98.0%	2	$42
Optiver Holding B.V.	−56 −96.6%	2	$42

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Quadrature Capital Ltd Hedge fund	−14K Sold out	0	—
Citadel Advisors LLC Hedge fund	−14K Sold out	0	—
Walleye Capital LLC Hedge fund	−11K −43.9%	14K	$287,367
Two Sigma Investments, LP Hedge fund	−5,402 −10.2%	47K	$985,304
LSV Asset Management Active manager	−3,700 −4.0%	88K	$1.8M
Arrowstreet Capital, Limited Partnership Hedge fund	−2,471 −6.5%	36K	$742,054

New positions

largest by value

Institution	Shares	Value June 30, 2026
O'Shaughnessy Asset Management, LLCActive manager	11K	$233,609
Goldman Sachs Group Inc	11K	$226,668
AQR Capital Management LLCHedge fund	11K	$223,947
Man Group PLCHedge fund	9,854	$204,766
State Of Alaska, Department Of Revenue	6,000	$124,000
Meeder Asset Management Inc	2,557	$53,134
Ares Systematic Credit Ltd	1,724	$35,825
Financial Management Professionals, Inc.	793	$16,479
Arax Advisory Partners	320	$6,650
Integrated Wealth Concepts LLC	73	$1,518

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Xtx Topco Ltd	22K	$322,296
Quadrature Capital LtdHedge fund	14K	$208,291
Citadel Advisors LLCHedge fund	14K	$202,748
Root Financial Partners, LLC	8	$116
Mai Capital Management	6	$88

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 77
Ten largest holders: 75.2%
Index fund managers: 46.6%
Active managers and hedge funds: 9.6%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	6	6	3	2	−15K	−4.7%
Index fund managers	9	0	0	0	+131K	+10.1%
Other institutions	30	18	7	3	+209K	+18.4%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on CPI Card Group.

Only managers that filed a holdings report for both quarters are compared (81 here). 3 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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