The active-manager-dominated accumulation cluster suggests a shared thesis around ACEL's gaming operations, but the 45-day 13F lag means these positions may have been adjusted. Monitor for any insider open-market buying or upcoming earnings for confirmation.
Executive Summary
Seven institutional buyers accumulated $11.5M in new ACEL positions during 2026-Q2, overwhelmingly concentrated in active asset managers (American Century +$7.5M, Panagora +$3.2M, Citigroup +$238K, Russell +$510K), while only Fidelity trimmed a small $192K position. The cluster is dominated by active managers with conviction-level adds and doubles, suggesting a shared thesis around Accel's gaming operations. However, the 45-day 13F lag means positions may have been adjusted since quarter-end, and insider activity shows no corroborating open-market buying (confluence score 19/100, divergent).
Key Financial Metrics
Institutional Positions
Net institutional flow: $11.5M
▲ Buyers (7)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| American Century Companies | ADD | +31.3% | $22.0M | $7.5M |
| Panagora Asset Management | DOUBLED | +512.5% | $3.7M | $3.2M |
| Citigroup | DOUBLED | +158.3% | $357.0K | $238.0K |
| Russell Investments Group | ADD | +41.5% | $1.3M | $510.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Fidelity | TRIM | -71.3% | $288.0K | -$192.1K |
Key Facts
- 7 institutional buyers vs 1 seller in 2026-Q2
- Net institutional accumulation of $11.5M across $27.6M in current holdings
- American Century Companies added $7.5M (31.3% increase to $22.0M position)
- Panagora Asset Management more than quintupled its stake (+512.5%, adding $3.2M)
- Fidelity trimmed 71.3% of its position, selling $192K
- No open-market insider buying corroborates the institutional cluster (confluence score 19/100)
Financial Impact
7 institutional buyers accumulated $11.5M in net new ACEL positions during Q2 2026, with American Century alone adding $7.5M and Panagora adding $3.2M. One seller (Fidelity) reduced by $192K.
Risk Factors
- 45-day 13F reporting lag — positions may have been unwound since quarter-end
- No insider open-market buying to corroborate institutional thesis
- Single seller (Fidelity) trimming could indicate institutional rotation
- Small absolute dollar amounts relative to ACEL's $1.0B market cap
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-ACEL-2026-Q2 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | 3 | $10.83 | awaiting T+20 | — | — |
Oct 6, 2026 20d ago | 3 | $10.94 | awaiting T+20 | — | — |
Sep 17, 2026 5w ago | Insider Cluster | $11.27 $10.88 | ▲ +3.46% | ▲ +3.67% | — |
Aug 14, 2026 10w ago | Institutional Cluster | $12.19 $11.55 | ▼ −5.25% | ▼ −3.27% | — |
Jun 15, 2026 19w ago | Insider Cluster | $13.08 $12.50 | ▼ −4.43% | ▼ −4.63% | — |
Jun 15, 2026 19w ago | Insider Cluster | $13.08 $12.50 | ▼ −4.43% | ▼ −4.63% | — |
May 11, 2026 24w ago | Insider Cluster | $11.47 $13.16 | ▲ +14.73% | ▲ +16.46% | — |
May 8, 2026 24w ago | Insider Cluster | $11.63 $12.06 | ▲ +3.70% | ▲ +3.67% | — |
Mar 19, 2026 31w ago | DEFA14A | $10.92 $11.81 | ▲ +8.15% | ▼ −1.17% | — |
Mar 16, 2026 32w ago | Insider Cluster | $11.05 $11.79 | ▲ +6.70% | ▲ +2.35% | — |
US Market Status
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