The bearish cluster is notable but tempered by strong insider buying ($477K from C-suite). Monitor for additional institutional selling in Q3 13F filings and whether insider buying accelerates. The AMPLIFIER cross-filing verdict (inst-earnings + inst-offering context) suggests this cluster may have more predictive power than usual.
Executive Summary
A bearish institutional cluster formed in ADT during 2026-Q2, with 3 sellers trimming $1.71M in aggregate versus a single small buyer adding $206K. The selling is dominated by Wealth Enhancement Advisory Services ($1.12M trim) and Merit Financial Group ($531K trim), both asset managers. However, a strong insider confluence score of 57/100 with $477K in open-market C-suite buying partially offsets the bearish signal, suggesting insiders see value at current levels despite institutional distribution.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$1.5M
▲ Buyers (1)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Sequoia Financial Advisors | DOUBLED | +182.5% | $321.0K | $206.0K |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Wealth Enhancement Advisory Services | TRIM | -35.6% | $3.5M | -$1.1M |
| Farther Finance Advisors | TRIM | -74.9% | $79.0K | -$59.5K |
| Merit Financial Group | TRIM | -65.5% | $806.0K | -$530.5K |
Key Facts
- 3 institutional sellers trimmed $1.71M aggregate vs 1 buyer added $206K
- Wealth Enhancement Advisory Services cut 35.6% of its ADT position, reducing $3.5M to $2.4M
- Merit Financial Group trimmed 65.5% of its stake, from $806K to $275K
- Sequoia Financial Advisors doubled its small position (+182.5%) to $321K
- Insider confluence score 57/100 with 5 open-market buyers including C-suite ($477K total)
Financial Impact
3 institutional sellers reduced holdings by $1.71M while 1 buyer added $206K, for net institutional outflow of ~$1.5M
Risk Factors
- Insider buying may be a contrarian signal if institutions continue selling
- 13F data is 45+ days old; the cluster may have already been unwound
- Small sample size: only 4 institutions total, limiting signal reliability
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-ADT-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Institutional Cluster | $6.90 $6.88 | ▼ −0.29% | ▼ −1.00% | — |
Oct 20, 2026 6d ago | Press Release | $6.79 $6.80 | ▲ +0.15% | ▼ −0.38% | — |
Oct 8, 2026 18d ago | SC 13G/A | $6.50 $6.43 | ▼ −1.08% | ▼ −1.68% | — |
Jul 30, 2026 12w ago | 8-K | $7.51 $7.64 | ▲ +1.73% | ▲ +1.03% | — |
Jul 30, 2026 12w ago | Press Release | $7.51 $7.64 | ▲ +1.73% | ▲ +1.03% | — |
Jul 21, 2026 13w ago | Institutional Cluster | $6.89 $6.90 | ▼ −0.15% | ▼ −0.26% | — |
Jul 16, 2026 14w ago | Press Release | $7.06 $7.00 | ▼ −0.85% | ▲ +0.14% | — |
May 28, 2026 21w ago | 8-K | $6.71 $6.74 | ▲ +0.45% | ▲ +0.19% | — |
May 18, 2026 23w ago | Insider Cluster | $6.87 $6.98 | ▲ +1.60% | ▲ +0.56% | — |
May 8, 2026 24w ago | DEFA14A | $6.79 $6.79 | · 0.00% | ▲ +0.14% | — |
US Market Status
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