The cluster is dominated by one large exit, making the net signal bearish despite two smaller accumulations. Monitor for further institutional selling or a catalyst that could reverse sentiment, as the 13F data is 45+ days stale.
Executive Summary
A mixed institutional cluster in AEM shows two asset managers adding $30.2M in new holdings while three others reduced by $87.8M, led by a full exit from Artemis Investment Management ($84.5M). The net selling pressure of $57.6M and lack of insider buying suggest caution, though the additions from Unisuper and Banque Pictet indicate some selective conviction.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$57.6M
▲ Buyers (2)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Unisuper Management Pty | ADD | +29.6% | $76.5M | $26.6M |
| Banque Pictet & Cie | DOUBLED | +1073.6% | $3.9M | $3.6M |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Artemis Investment Management | EXIT | -100% | Not reported | -$84.5M |
| Sumitomo Mitsui Trust Group | TRIM | -34% | Not reported | -$3.1M |
| Concurrent Investment Advisors | TRIM | -29.2% | Not reported | -$171.0K |
Key Facts
- 2 buyers added $30.2M in net new holdings; 3 sellers reduced by $87.8M
- Artemis Investment Management fully exited a $84.5M position
- Unisuper Management added $26.6M (29.6% increase) to $76.5M
- Banque Pictet & Cie more than doubled its position from $280K to $3.9M
- No open-market insider buying in the window (confluence score 17/100)
Financial Impact
Net institutional selling of approximately $57.6M, with a full exit of $84.5M dominating the sell side
Risk Factors
- 13F data is stale (quarter-end); positions may have been unwound since
- Single large exit (Artemis) may reflect fund-specific rebalancing, not company-specific thesis change
- No insider buying to corroborate institutional conviction
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-AEM-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 1d ago | Institutional Cluster | $179.56 | awaiting T+5 | awaiting T+5 | No price |
Oct 28, 2026 2d ago | 6-K | No price | awaiting T+5 | awaiting T+5 | No price |
Oct 28, 2026 2d ago | Press Release | $184.24 | awaiting T+5 | awaiting T+5 | No price |
Sep 29, 2026 4w ago | 6-K | $185.83 $186.03 | ▲ +0.11% | ▼ −1.84% | No price |
Sep 28, 2026 4w ago | Press Release | $184.15 $183.33 | ▼ −0.45% | ▼ −1.65% | No price |
Sep 9, 2026 7w ago | 6-K | $202.57 $198.42 | ▼ −2.05% | ▼ −1.71% | No price |
Aug 31, 2026 8w ago | 6-K | $203.11 $201.84 | ▼ −0.63% | ▼ −0.48% | No price |
Aug 28, 2026 9w ago | Press Release | $203.11 $201.84 | ▼ −0.63% | ▼ −0.48% | No price |
Aug 24, 2026 9w ago | 6-K | $217.89 $203.11 | ▼ −6.78% | ▼ −7.25% | No price |
Aug 4, 2026 12w ago | Institutional Cluster | $150.61 $181.75 | ▼ −20.68% | ▼ −20.78% | No price |
US Market Status
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