The cluster is mixed — active quant/asset manager buying (D.E. Shaw, Jane Street, RenTech) is a strong signal, but it's offset by mega-passive trimming (Fidelity, T. Rowe Price, Goldman) and zero insider buying. Monitor for any catalyst (earnings, product news) that could confirm the active buying thesis, and watch for insider buying as a corroborating signal before taking a directional position.
Executive Summary
AEHR saw a mixed institutional cluster in Q2 2026: 31 buyers accumulated $303.8M in net new positions (led by D.E. Shaw, Jane Street, and JPMorgan), while 19 sellers reduced holdings by $23.7M (led by Walleye Capital, Baillie Gifford, and Susquehanna). The buying is concentrated among active quant and asset managers, while selling is dominated by mega-passive firms trimming large positions. The confluence score is low (24/100, divergent) with zero open-market insider buying, weakening the conviction signal from the institutional cluster alone. The net signal is mixed — significant active buying but offset by passive selling and no insider corroboration, with poor historical follow-through on directional calls.
Key Financial Metrics
Institutional Positions
Net institutional flow: $280.0M
▲ Buyers (31)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| D.E. Shaw | DOUBLED | +244.6% | $113.1M | $100.4M |
| Jane Street Group | DOUBLED | +172% | $72.4M | $62.1M |
| JPMorgan | DOUBLED | +284.9% | $69.6M | $63.8M |
| Morgan Stanley | DOUBLED | +190% | $46.1M | $40.0M |
| RenTech | NEW | — | $12.9M | $12.9M |
▼ Sellers (19)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Baillie Gifford & | NEAR_EXIT | -79.6% | $37.1M | -$17.5M |
| Walleye Capital | NEAR_EXIT | -99.9% | $9.9M | -$9.9M |
| Susquehanna International Group | NEAR_EXIT | -91.7% | $7.5M | -$5.9M |
| Goldman Sachs | TRIM | -35.8% | $46.8M | $31.0M |
| Fidelity | TRIM | -53% | $79.4M | $17.3M |
Key Facts
- 31 institutional buyers accumulated $303.8M in net new AEHR positions in Q2 2026, led by D.E. Shaw (+$100.4M), Jane Street (+$62.1M), and JPMorgan (+$63.8M).
- 19 institutional sellers reduced holdings by $23.7M, led by Walleye Capital (-$9.9M), Baillie Gifford (-$17.5M), and Susquehanna (-$5.9M).
- Confluence score is low (24/100, divergent) with zero open-market insider buying, weakening the cluster's conviction signal.
Financial Impact
31 buyers added $303.8M in net new positions while 19 sellers reduced holdings by $23.7M, for a net institutional inflow of approximately $280M in Q2 2026.
Risk Factors
- 13F data has a 45-day reporting lag; positions may have already been unwound.
- Zero insider buying and a low confluence score (24/100) suggest the institutional cluster lacks internal conviction.
- Selling by mega-passive firms (Fidelity, T. Rowe Price, Goldman) could indicate structural de-risking or a negative fundamental view.
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-AEHR-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 6w ago | Institutional Cluster | $93.81 | awaiting T+60 | — | — |
Aug 18, 2026 10w ago | Insider Cluster | $123.25 | awaiting T+60 | — | — |
Aug 14, 2026 10w ago | Insider Cluster | $145.61 | awaiting T+60 | — | — |
Aug 13, 2026 10w ago | Insider Cluster | $134.06 | awaiting T+60 | — | — |
Aug 13, 2026 10w ago | Insider Cluster | $134.06 | awaiting T+60 | — | — |
Aug 13, 2026 10w ago | Insider Cluster | $134.06 | awaiting T+60 | — | — |
Aug 11, 2026 11w ago | Insider Cluster | $117.18 | awaiting T+60 | — | — |
Aug 6, 2026 11w ago | Insider Cluster | $103.07 | awaiting T+60 | — | — |
Apr 22, 2026 26w ago | Insider Cluster | $95.51 $98.91 | ▲ +3.56% | ▼ −2.06% | — |
Apr 21, 2026 26w ago | Insider Cluster | $97.36 $77.36 | ▼ −20.54% | ▼ −24.88% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers