The mixed 13F cluster shows larger holders trimming while smaller managers add, creating no clear directional signal. Monitor for any insider buying or further institutional filings to confirm conviction. The Q2 earnings beat and raised guidance provide a fundamental tailwind, but the lack of insider corroboration and net selling from Assenagon suggest caution on near-term upside.
Executive Summary
Q2 2026 13F cluster for ACIW shows a mixed institutional picture: 4 small asset managers added $4.6M in aggregate, while 4 larger sellers trimmed $12.8M, led by Assenagon Asset Management's 73% reduction. The cluster follows a bullish Q2 earnings beat and raised guidance (filed 6 days prior), but the net selling pressure from larger holders and absence of insider buying weakens the conviction signal. The historical calibration suggests scores above 7 have poor T+20 outcomes for this ticker, warranting a conservative impact rating.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$8.2M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Russell Investments Group | ADD | +57.8% | $5.8M | $2.8M |
| Seb Asset Management Ab | ADD | +63% | $2.2M | $1.1M |
| Wealth Enhancement Advisory Services | ADD | +48.2% | $1.0M | $525.0K |
| Strs Ohio | ADD | +31.4% | $337.0K | $128.0K |
▼ Sellers (4)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | TRIM | -72.9% | $16.7M | -$11.1M |
| First Trust Advisors | TRIM | -38.7% | $4.0M | -$989.3K |
| State Of New Jersey Common Pension Fund D | TRIM | -32.6% | $2.3M | -$391.8K |
| Amundi | TRIM | -29.2% | $2.4M | -$317.6K |
Key Facts
- 4 buyers added $4.6M in aggregate, led by Russell Investments Group (+$2.8M) and Seb Asset Management (+$1.1M)
- 4 sellers trimmed $12.8M, with Assenagon Asset Management cutting 73% of its position ($11.1M reduction)
- Net institutional flow is negative (-$8.2M) despite a bullish Q2 earnings beat and raised guidance
- No insider open-market buying detected in the window (confluence score 26/100, institutions-only)
- All 8 funds are active asset managers, not passive/index funds, giving the cluster moderate signal weight
Financial Impact
4 buyers added $4.6M in new positions while 4 sellers trimmed $12.8M, resulting in a net institutional outflow of approximately $8.2M
Risk Factors
- Assenagon's 73% trim could signal concerns not captured in the earnings release
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Historical T+20 performance on ACIW reports shows only 20% win rate, suggesting limited alpha from this signal
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-ACIW-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 12, 2026 7w ago | Institutional Cluster | $52.75 $51.97 | ▼ −1.48% | ▲ +0.42% | — |
Aug 6, 2026 8w ago | 8-K | $55.22 $52.91 | ▼ −4.18% | ▼ −4.78% | — |
May 7, 2026 21w ago | 8-K | $46.65 $41.56 | ▼ −10.91% | ▼ −14.05% | — |
Mar 2, 2026 30w ago | Insider Cluster | $40.35 $40.31 | ▼ −0.10% | ▲ +7.84% | — |
Mar 2, 2026 30w ago | Insider Cluster | $40.35 $40.31 | ▼ −0.10% | ▲ +7.84% | — |
Feb 26, 2026 31w ago | 8-K | $39.80 $40.86 | ▲ +2.66% | ▲ +9.07% | — |
US Market Status
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