The cluster shows a clear divergence: small active managers added token positions, but the largest seller (Exchange Traded Concepts) exited nearly all its $4.3M stake. With no insider buying and a low confluence score, the selling signal dominates. Monitor next 13F for further unwinding by larger holders.
Executive Summary
Institutional activity in Enact Holdings (ACT) during Q3 2026 was mixed: three small asset managers added modest positions totaling $70K, while two sellers reduced holdings by $3.9M, led by Exchange Traded Concepts' near-exit of $3.9M. The net conviction is mixed, with no insider buying to corroborate the buying side.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$3.8M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Mather Group | ADD | +69.4% | $5.0K | $2.0K |
| Nisa Investment Advisors | ADD | +89.7% | $150.0K | $66.0K |
| Assetmark | DOUBLED | +157.1% | $3.0K | $2.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Exchange Traded Concepts | NEAR_EXIT | -91.2% | $4.3M | -$3.9M |
| Farther Finance Advisors | TRIM | -44.7% | $37.0K | -$17.0K |
Key Facts
- 3 buyers added $70K in aggregate (Mather Group, Nisa Investment Advisors, Assetmark)
- 2 sellers reduced holdings by $3.9M, led by Exchange Traded Concepts' near-exit (-91.2%)
- Net institutional flow was negative: -$3.8M
- No open-market insider buying; confluence score 3/100 (divergent)
Financial Impact
Total institutional buying of $70K vs selling of $3.9M, net outflow of approximately $3.8M
Risk Factors
- 13F data is 45+ days stale; positions may have changed since quarter-end
- Buyers are very small (total $158K current holdings), limiting signal strength
- No insider buying to corroborate the buying thesis
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-ACT-2026-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 1d ago | Institutional Cluster | $47.77 | awaiting T+20 | awaiting T+20 | No price |
Aug 11, 2026 11w ago | Institutional Cluster | $49.38 $49.50 | ▼ −0.24% | ▼ −2.14% | No price |
Jun 3, 2026 21w ago | Insider Cluster | $40.95 $45.34 | ▲ +10.72% | ▲ +12.09% | No price |
May 5, 2026 25w ago | 8-K | No price | awaiting T+20 | awaiting T+20 | No price |
May 5, 2026 25w ago | Press Release | $43.06 $40.57 | ▼ −5.78% | ▼ −8.56% | No price |
Mar 25, 2026 31w ago | Press Release | $40.30 $43.91 | ▲ +8.96% | ▲ +1.10% | No price |
Mar 25, 2026 31w ago | DEFA14A | $40.30 $43.91 | ▲ +8.96% | ▲ +1.10% | No price |
Feb 27, 2026 35w ago | Insider Cluster | $41.84 $40.17 | ▼ −3.99% | ▲ +3.56% | No price |
Feb 27, 2026 35w ago | Insider Cluster | $41.84 $40.17 | ▲ +3.99% | ▼ −3.56% | No price |
US Market Status
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