Monitor for upcoming catalysts (pipeline data, earnings) that may have driven this accumulation. The cluster is modest and historical signals on ALEC have been unreliable — treat as incremental positive but not a strong conviction signal. Watch for further 13F filings to confirm trend.
Executive Summary
Institutional cluster for ALEC shows 5 active/quant funds adding $6.7M in positions while 3 passive funds trimmed $683K in value (though their positions appreciated). The cluster is modest in size relative to market cap (~3.5% of market cap).
Key Financial Metrics
Institutional Positions
Net institutional flow: $6.0M
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| D.E. Shaw | ADD | +83.1% | $2.9M | $2.1M |
| UBS | DOUBLED | +450.2% | $682.0K | $624.0K |
| Two Sigma | ADD | +38.3% | $909.0K | $598.0K |
| Ameriprise Financial | DOUBLED | +1838.7% | $811.0K | $791.0K |
| Barclays | DOUBLED | +414.4% | $2.6M | $2.6M |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| T. Rowe Price | TRIM | -55.2% | $7.0K | -$357.00 |
| Morgan Stanley | TRIM | -28.4% | $849.0K | $436.0K |
| BofA | TRIM | -28.4% | $481.0K | $248.0K |
Key Facts
- 5 buyers (D.E. Shaw, UBS, Two Sigma, Ameriprise, Barclays) added $6.7M in value
- 3 sellers (T. Rowe Price, Morgan Stanley, BofA) trimmed shares but their positions appreciated by $683K
- Net buying of ~$6.0M represents ~3.5% of ALEC's $169M market cap
- Buyers are predominantly quant/active managers; sellers are mega-passive funds
- T. Rowe Price trimmed 55% of its position but the dollar value was negligible
Financial Impact
5 institutions accumulated $6.7M in new positions while 3 institutions reduced holdings by $683K in value (though their positions appreciated). Net buying of approximately $6.0M represents ~3.5% of market cap.
Risk Factors
- 13F reporting lag — positions may have been unwound since quarter-end
- Low market cap and liquidity risk for ALEC
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-ALEC-2025-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | SC 13G | — | awaiting T+60 | — | — |
Oct 23, 2026 3d ago | SC 13G | $1.84 | awaiting T+60 | — | — |
Oct 16, 2026 10d ago | 424B5 | $1.95 | awaiting T+60 | — | — |
Oct 16, 2026 10d ago | 8-K | $1.95 | awaiting T+60 | — | — |
Oct 14, 2026 12d ago | 8-K | $1.88 | awaiting T+60 | — | — |
Oct 5, 2026 21d ago | 8-K | $1.99 | awaiting T+60 | — | — |
Oct 5, 2026 21d ago | Press Release | $1.99 | awaiting T+60 | — | — |
Sep 18, 2026 5w ago | SC 13G | $1.93 | awaiting T+60 | — | — |
Sep 4, 2026 7w ago | Insider Cluster | $2.47 | awaiting T+60 | — | — |
Aug 15, 2026 10w ago | Institutional Cluster | $2.05 | awaiting T+60 | — | — |
US Market Status
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