13FPulse
SR

SR SPIRE INC

2026Q2 · CUSIP 84857L101 · Sector: Utilities

Exiting + falling

Funds leaving and price falling — historically weak for the next six months

Funds that own it
390
Institutions that reported holding it to the SEC
Net decrease in holders
10
Last quarter 400 → now 390
How unusual is that
Bottom 20%
Stronger than only 13% of US stocks
What the filings say, in one paragraph

390 funds held SR at the end of 2026Q2, down 10 from the quarter before. Buying is stronger than only 13.1% of US stocks, and the price fell over the same quarter — funds leaving and price weakness at the same time. On the business itself, the P/E is 14.6x, return on equity is 10.5%. SR has had 6 buying rushes in its history, and the price moved -0.5% 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 Utilities sector.

How many funds owned it, quarter by quarter

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

2014Q3: holders=1 2014Q4: holders=1 2015Q1: holders=2 2015Q2: holders=2 2015Q3: holders=2 2015Q4: holders=4 2016Q1: holders=10 2016Q2: holders=224 2016Q3: holders=229 2016Q4: holders=246 2017Q1: holders=228 2017Q2: holders=220 2017Q3: holders=221 2017Q4: holders=248 2018Q1: holders=252 2018Q2: holders=267 2018Q3: holders=251 2018Q4: holders=244 2019Q1: holders=271 2019Q2: holders=258 2019Q3: holders=264 2019Q4: holders=257 2020Q1: holders=257 2020Q2: holders=270 2020Q3: holders=269 2020Q4: holders=273 2021Q1: holders=270 2021Q2: holders=262 2021Q3: holders=260 2021Q4: holders=267 2022Q1: holders=282 2022Q2: holders=286 2022Q3: holders=276 2022Q4: holders=286 2023Q1: holders=287 2023Q2: holders=285 2023Q3: holders=277 2023Q4: holders=280 2024Q1: holders=278 2024Q2: holders=292 2024Q3: holders=307 2024Q4: holders=323 2025Q1: holders=323 2025Q2: holders=337 2025Q3: holders=340 2025Q4: holders=363 2026Q1: holders=400 2026Q2: holders=390 -214 -107 +0 +107 +214 0210420 14Q316Q117Q319Q120Q322Q123Q325Q126Q2 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
2026Q1 Top 10% -8.1%
2024Q2 Top 20% +2.7% +3.0%
2022Q1 Top 20% -4.3% +0.9%
2019Q1 Top 20% -1.0% -3.4%
2018Q2 Top 20% -5.6% -0.5%
2016Q2 Top 1% in the market -3.3% -2.3%

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
188
Change in large funds
+4
Total value they hold
$4.2B
Funds buying for the first time
55
Funds that sold out entirely
65
Price change that quarter
-3.0%
Funds holding puts (bearish)
2
Funds holding calls (bullish)
2

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)
14.6
EPS (TTM)
$5.66
EPS YoY
+43.6%
Revenue (TTM)
Revenue YoY
Net margin
ROE
10.5%
Debt ratio
76.7%
FCF (TTM)
-$223M
Dividend (TTM)
$3.22
Quarterly Revenue & EPS
2022-06-30: EPS -0.10 2022-09-30: EPS 1.66 2022-12-31: EPS 1.66 2023-03-31: EPS 3.33 2023-06-30: EPS -0.48 2023-09-30: EPS -0.66 2023-12-31: EPS 1.52 2024-03-31: EPS 3.58 2024-06-30: EPS -0.28 2024-09-30: EPS -0.63 2024-12-31: EPS 1.34 2025-03-31: EPS 3.51 2025-06-30: EPS 0.29 2025-09-30: EPS -0.77 2025-12-31: EPS 1.54 2026-03-31: EPS 4.60 -0.85 2.11 5.06 20222023202420252026 EPS

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

P/E (TTM) over time
4Y median 15 8 14 21 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
-376M-35M307M 20162017201820192020202120222023202420252026
Latest quarter $218M (2026-03-31)

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.