13FPulse
SP

SPHR SPHERE ENTERTAINMENT CO

2026Q2 · CUSIP 55826T102 · Sector: Other

Piling in

Net holder growth ranks near the top of the market

Funds that own it
407
Institutions that reported holding it to the SEC
Net increase in holders
+33
Last quarter 374 → now 407
How unusual is that
Top 10%
Stronger buying than 91% of US stocks
What the filings say, in one paragraph

407 funds held SPHR at the end of 2026Q2, up 33 from the quarter before. That is stronger buying than 90.7% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $1.3B, the P/E is 44.9x, return on equity is 5.3%. SPHR has had 6 buying rushes in its history, and the price moved +23.5% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Other sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2020Q3: holders=215 2020Q4: holders=224 2021Q1: holders=235 2021Q2: holders=230 2021Q3: holders=243 2021Q4: holders=231 2022Q1: holders=230 2022Q2: holders=203 2022Q3: holders=189 2022Q4: holders=183 2023Q1: holders=184 2023Q2: holders=175 2023Q3: holders=192 2023Q4: holders=200 2024Q1: holders=207 2024Q2: holders=209 2024Q3: holders=213 2024Q4: holders=225 2025Q1: holders=210 2025Q2: holders=222 2025Q3: holders=260 2025Q4: holders=318 2026Q1: holders=374 2026Q2: holders=407 -58 -29 +0 +29 +58 157293428 20Q321Q222Q122Q423Q324Q225Q125Q426Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 6 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 10%
2026Q1 Top 5% +19.2%
2025Q4 Top 10% +9.6% +16.6%
2025Q3 Top 10% +25.5% +53.5%
2023Q3 Top 20% -7.0% +14.9%
2021Q3 Top 20% +0.9% +9.1%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
180
Change in large funds
+27
Total value they hold
$6.3B
Funds buying for the first time
97
Funds that sold out entirely
64
Price change that quarter
-3.0%
Funds holding puts (bearish)
9
Funds holding calls (bullish)
9

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
44.9
EPS (TTM)
$2.97
EPS YoY
Revenue (TTM)
$1.3B
Revenue YoY
Net margin
9.0%
ROE
5.3%
Debt ratio
46.8%
FCF (TTM)
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2022-03-31: EPS -0.51 2022-06-30: EPS -3.00 2022-09-30: EPS -1.30 2022-12-31: EPS 1.95 2023-03-31: EPS -1.64 2023-06-30: EPS 15.39 2023-09-30: EPS 1.89 2023-12-31: EPS -4.91 2024-03-31: EPS -1.33 2024-06-30: EPS -1.31 2024-09-30: EPS -2.95 2025-03-31: EPS -2.27 2025-06-30: EPS 3.39 2025-09-30: EPS -2.80 2025-12-31: EPS 2.42 2026-03-31: EPS -0.04 0M 244M 487M $M -5.40 5.76 16.93 201820192020202120222023202420252026 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
2 83 164 2023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-353M-176M1M 20192020202120222023202420252026
Latest quarter $-154M (2022-12-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-03-31 · SEC filings (XBRL)

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2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.