Wasatch Advisors' near-total exit ($48.6M, -98.1% of its position) is the dominant signal here, far outweighing the small buys from three minor asset managers. Monitor for any subsequent 13D/G filings or insider trading that might explain Wasatch's conviction to sell. The small buyers may be value-oriented dip-buyers, but their aggregate size is negligible relative to the seller.
Executive Summary
An institutional cluster in ALG shows 3 small asset managers doubling or adding positions (net +$386K) while Wasatch Advisors nearly exited a $49.5M position, reducing by $48.6M. The net conviction is bullish among the buyers, but the overwhelming sell-side dollar magnitude from a single large holder dominates the cluster.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$48.2M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Farther Finance Advisors | DOUBLED | +501.8% | $152.0K | $125.0K |
| Wealth Enhancement Advisory Services | DOUBLED | +106% | $525.0K | $260.0K |
| Mather Group | ADD | +32.1% | $6.0K | $1.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Wasatch Advisors | NEAR_EXIT | -98.1% | $49.5M | -$48.6M |
Key Facts
- 3 buyers accumulated $386K in net new value (Farther Finance Advisors +$125K, Wealth Enhancement +$260K, Mather Group +$1K)
- 1 seller (Wasatch Advisors) reduced holdings by $48.6M, exiting 98.1% of its position
- Net aggregate change across the cluster is -$48.2M (overwhelmingly driven by Wasatch's exit)
- All four institutions are asset managers; no activist, quant, or family office participants
Financial Impact
Total buying value of $682K vs total selling value of $49.5M; net institutional outflow of approximately $48.2M from the cluster
Risk Factors
- Wasatch's near-exit could signal fundamental deterioration or a thesis break that smaller buyers are unaware of
- 13F data is 45+ days stale; the cluster may have already been unwound or reversed
- Small buyer positions (<$1M each) carry limited informational content
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-ALG-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 11d ago | Institutional Cluster | $152.62 | awaiting T+20 | — | — |
Oct 7, 2026 18d ago | SC 13G/A | $156.91 | awaiting T+20 | — | — |
Oct 1, 2026 24d ago | Press Release | $161.01 | awaiting T+20 | — | — |
Aug 15, 2026 10w ago | Institutional Cluster | $161.87 $169.47 | ▲ +4.70% | ▲ +6.67% | — |
Aug 3, 2026 11w ago | Press Release | $170.33 $164.10 | ▼ −3.66% | ▼ −2.42% | — |
Mar 24, 2026 30w ago | Insider Cluster | $170.90 $169.25 | ▼ −0.96% | ▼ −9.87% | — |
Mar 19, 2026 31w ago | DEFA14A | $159.49 $172.96 | ▲ +8.44% | ▼ −0.87% | — |
Mar 9, 2026 33w ago | Insider Cluster | $167.58 $167.88 | ▲ +0.18% | ▲ +2.98% | — |
US Market Status
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