The mixed cluster with no insider corroboration and modest net dollar flow suggests institutions are rebalancing without a strong shared thesis. Monitor for a clearer catalyst (earnings, patent licensing news, or insider buying) before taking a directional position.
Executive Summary
A mixed institutional cluster in ADEA for 2026-Q2 shows 4 buyers accumulating $10.3M in net new value (led by First Trust Advisors adding $7.3M) while 4 sellers reduced positions by $5.1M (led by Universal-Beteiligungs exiting $4.1M). The cluster is dominated by asset managers on both sides, with no activist or high-conviction hedge fund involvement, and no insider buying corroboration. The net $5.2M inflow is modest relative to ADEA's $3.1B market cap, suggesting institutional positioning is balanced and lacks a strong directional catalyst.
Key Financial Metrics
Institutional Positions
Net institutional flow: $5.2M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| First Trust Advisors | ADD | +29.4% | $16.9M | $7.3M |
| Citigroup | DOUBLED | +145% | $2.2M | $1.6M |
| Russell Investments Group | DOUBLED | +198.3% | $1.2M | $940.0K |
| Lpl Financial | DOUBLED | +124.4% | $725.0K | $489.0K |
▼ Sellers (4)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Universal- Beteiligungs- Und | NEAR_EXIT | -79.1% | $5.7M | -$4.1M |
| Fifth Third Bancorp | TRIM | -55.7% | $1.3M | -$529.8K |
| Assenagon Asset Management | TRIM | -33.8% | $4.3M | -$395.1K |
| Sequoia Financial Advisors | TRIM | -41.8% | $314.0K | -$63.5K |
Key Facts
- 4 institutional buyers added $10.3M in net new value, led by First Trust Advisors (ADD, +29.4%, $7.3M increase) and Citigroup (DOUBLED, +145%, $1.6M increase)
- 4 institutional sellers reduced positions by $5.1M, led by Universal-Beteiligungs (NEAR_EXIT, -79.1%, $4.1M decrease) and Fifth Third Bancorp (TRIM, -55.7%, $530K decrease)
- Net institutional inflow of ~$5.2M is small relative to ADEA's $3.1B market cap (~0.17% of float)
- No insider open-market buying in the window (confluence score 27/100, verdict 'institutions_only')
- All participants are asset managers; no activist or high-conviction hedge fund names present
Financial Impact
4 buyers accumulated $21.0M in current holdings (net change +$10.3M) while 4 sellers reduced holdings by $5.1M, for a net institutional inflow of approximately $5.2M
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- No insider buying to corroborate institutional accumulation
- Cluster is dominated by asset managers, not high-conviction activists or hedge funds
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-ADEA-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $21.21 $21.43 | ▲ +1.04% | ▲ +0.33% | — |
Oct 19, 2026 7d ago | Press Release | $21.30 | awaiting T+1 | — | — |
Oct 5, 2026 21d ago | Press Release | $24.60 $24.31 | ▼ −1.18% | ▼ −0.94% | — |
Aug 12, 2026 10w ago | Institutional Cluster | $28.11 $28.69 | ▲ +2.06% | ▲ +1.37% | — |
Aug 3, 2026 12w ago | Press Release | $31.17 $29.91 | ▼ −4.03% | ▼ −3.83% | — |
Jul 1, 2026 16w ago | 8-K | $32.05 $29.19 | ▼ −8.92% | ▼ −8.79% | — |
Jun 30, 2026 16w ago | Press Release | $32.93 $32.05 | ▼ −2.67% | ▼ −2.54% | — |
May 12, 2026 23w ago | Press Release | $31.18 $31.73 | ▲ +1.76% | ▲ +1.19% | — |
May 4, 2026 25w ago | 8-K | $27.83 $27.83 | · 0.00% | ▼ −1.38% | — |
May 4, 2026 25w ago | Press Release | $33.63 $27.83 | ▼ −17.26% | ▼ −18.06% | — |
US Market Status
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