Peller's Pulse on Positioning in FinTech

Research evidence excerpt

Peller's Pulse on Positioning in FinTech

Payments, Processors, & IT Services

May 13, 2026

The Wolfe Byte

In this weekly note, we update positioning across our coverage in context to recent

performance including our view on names that are well-owned vs under-owned. Darrin Peller

We also rank our stocks by level of inbound interest from investors over the past dpeller@wolferesearch.com

week. (646) 582-9310 View Darrin’s Research

View Comp Table

●Positioning: In this weekly report, we highlight the names with the greatest Griffen Drebing

inbound interest over the prior week and detail investor positioning categorized gdrebing@wolferesearch.com(646) 582-9314

by well-owned, under-owned, or neutral.

Scott Wurtzel

swurtzel@wolferesearch.com

●Recent Investor Interest Levels: Given investor focus on crowding and (646) 582-9313

positioning within our coverage, we analyze our recent inbound interest from Daniel Krebs

investors to identify which names are the most top-of-mind. Over the past week dkrebs@wolferesearch.com

BILL, CHYM, V/MA, and GPN were names with the most interest, respectively. Paul Obrecht

For comparison, V/MA, FISV, CHYM, and PYPL had the most inbound interest in pobrecht@wolferesearch.com

the prior week. See Exhibit 1 for a ranking of the top ten names in our coverage

by inbound interest over the past week.

●See Exhibit 2 for our view of the latest investor positioning across our coverage.

We update this tracker to reflect changes in sentiment and positioning over

the last week (however weekly changes may be minimal outside catalyst-rich

periods (i.e. earnings/other events). We do not believe sentiment/positioning

has changed for any names relative to the prior week. Alongside investor

positioning, we are also providing a weekly update on valuation/multiple