The cluster is dominated by a single large new buyer (Mirae Asset) against broad but shallow trimming by existing holders. Without insider buying to confirm conviction, and given the 45-day 13F lag, traders should monitor for any subsequent Form 4 insider purchases or a catalyst that would explain Mirae's thesis.
Executive Summary
A mixed institutional cluster in AGX for 2026-Q2 shows three buyers adding $15.3M in new positions (led by a $13.3M new stake from Mirae Asset Global Investments) while four sellers trimmed $650K in holdings. The buying is concentrated in a single large new position, while selling is broad but modest in dollar terms. The cluster lacks insider corroboration (confluence score 7/100, divergent), and the 45-day reporting lag means positions may have already been adjusted.
Key Financial Metrics
Institutional Positions
Net institutional flow: $14.7M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Mirae Asset Global Investments Co. | NEW | +100% | $13.3M | $13.3M |
| Envestnet Asset Management | ADD | +51.6% | $2.6M | $1.4M |
| Op Asset Management | DOUBLED | +268.8% | $612.0K | $499.0K |
▼ Sellers (4)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Vaughan Nelson Investment Management | TRIM | -25.1% | $28.4M | $2.8M |
| Merit Financial Group | TRIM | -64.4% | $1.7M | -$831.5K |
| D.a. Davidson & | TRIM | -43.4% | $7.7M | -$1.3M |
| Td Waterhouse Canada | TRIM | -35% | $45.0K | -$5.6K |
Key Facts
- Mirae Asset Global Investments opened a new $13.3M position (16.7K shares) in AGX
- Envestnet Asset Management added $1.4M (+51.6% shares) to its existing position
- Op Asset Management doubled its stake, adding $499K (+268.8% shares)
- Four sellers trimmed a combined $650K, led by Vaughan Nelson trimming $2.8M in value despite a -25.1% share reduction (value increased due to stock appreciation)
- No open-market insider buying corroborates the institutional cluster
- AGX has a $8.0B market cap and 60% analyst bullish rating (1 Strong Buy, 5 Buy, 4 Hold)
Financial Impact
3 institutions accumulated $15.3M in new AGX positions while 4 institutions trimmed $650K in holdings, for a net institutional inflow of approximately $14.7M
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound
- No insider buying to corroborate institutional conviction
- Selling is broad (4 funds) while buying is concentrated in one large new position — potential for reversal if Mirae's thesis is wrong
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-AGX-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 7w ago | 8-K | $411.77 $377.95 | ▼ −8.21% | ▼ −7.09% | — |
Aug 3, 2026 11w ago | Institutional Cluster | $592.66 $424.99 | ▼ −28.29% | ▼ −29.53% | — |
Jun 17, 2026 18w ago | Insider Cluster | $738.85 $547.51 | ▲ +25.90% | ▲ +26.43% | — |
Jun 16, 2026 18w ago | Insider Cluster | $719.52 $547.51 | ▲ +23.91% | ▲ +25.22% | — |
Jun 10, 2026 19w ago | 8-K | $623.66 $687.49 | ▲ +10.23% | ▲ +8.34% | — |
Jun 4, 2026 20w ago | 8-K | $694.72 $725.23 | ▲ +4.39% | ▲ +2.53% | — |
Apr 21, 2026 26w ago | DEFA14A | $651.68 $639.58 | ▼ −1.86% | ▼ −5.02% | — |
Apr 21, 2026 26w ago | Insider Cluster | $614.92 $664.76 | ▲ +8.11% | ▲ +3.19% | — |
Apr 13, 2026 28w ago | Insider Cluster | $597.95 $683.52 | ▼ −14.31% | ▼ −6.58% | — |
Apr 13, 2026 28w ago | Insider Cluster | $597.95 $683.52 | ▼ −14.31% | ▼ −6.58% | — |
US Market Status
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