The cluster is small and dominated by minor trims from three asset managers, suggesting limited conviction behind the bearish signal. Wasatch's new $12.4M position is the only notable buy. Monitor next 13F for follow-through or reversal. The lack of insider buying weakens the bearish thesis.
Executive Summary
Institutional 13F data for Q2 2026 shows a bearish cluster in Adaptive Biotechnologies, with 3 small asset managers trimming positions totaling a net sell of ~$198K, while Wasatch Advisors opened a new $12.4M position. The net selling by multiple managers suggests cautious sentiment, though Wasatch's new stake provides a notable counterweight. The cluster is small in scale and dominated by minor trims, limiting conviction.
Key Financial Metrics
Institutional Positions
Net institutional flow: $12.2M
▲ Buyers (1)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Wasatch Advisors | NEW | +0% | $12.4M | $12.4M |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Farther Finance Advisors | TRIM | -60.5% | $2.0K | -$994.00 |
| Mather Group | TRIM | -69.1% | $49.0K | -$25.6K |
| Commonwealth Equity Services | TRIM | -60.2% | $444.0K | -$171.4K |
Key Facts
- 3 institutional sellers trimmed positions totaling ~$198K in net outflows
- Wasatch Advisors opened a new $12.4M position, the only buyer
- Farther Finance Advisors trimmed 60.5% of its stake
- Mather Group trimmed 69.1% of its stake
- Commonwealth Equity Services trimmed 60.2% of its stake
- No open-market insider buying corroborates the institutional cluster
Financial Impact
Net institutional selling of ~$198K, with one new $12.4M buy from Wasatch Advisors partially offsetting
Risk Factors
- Small sample size (4 institutions total) limits signal reliability
- 13F data has 45-day reporting lag; positions may have changed
- No insider buying to corroborate the institutional selling
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-ADPT-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | 144 | $26.28 | awaiting T+20 | — | — |
Oct 5, 2026 21d ago | Insider Cluster | $26.90 | awaiting T+20 | — | — |
Sep 25, 2026 4w ago | Press Release | $29.43 $25.51 | ▼ −13.32% | ▼ −11.84% | — |
Sep 18, 2026 5w ago | Insider Cluster | $27.86 $23.95 | ▲ +14.03% | ▲ +13.13% | — |
Aug 20, 2026 9w ago | Insider Cluster | $25.99 $27.86 | ▲ +7.20% | ▲ +7.72% | — |
Aug 19, 2026 9w ago | Insider Cluster | $25.44 $28.55 | ▼ −12.22% | ▼ −12.22% | — |
Aug 18, 2026 9w ago | 144 | $25.49 $26.68 | ▲ +4.67% | ▲ +6.19% | — |
Aug 17, 2026 10w ago | 144 | $24.56 $27.67 | ▼ −12.66% | ▼ −13.97% | — |
Jul 29, 2026 12w ago | Institutional Cluster | $24.18 $26.44 | ▼ −9.35% | ▼ −5.38% | — |
Jul 23, 2026 13w ago | Insider Cluster | $22.27 $25.99 | ▲ +16.70% | ▲ +13.08% | — |
US Market Status
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