The cluster is modest in dollar terms (0.19% of float) and stale (45-day lag). Monitor next 10-Q for operational updates that may have driven the thesis, but do not trade on this signal alone.
Executive Summary
Five institutional buyers accumulated $11.3M in new positions while one seller trimmed $828K, with a net bullish conviction. The cluster is dominated by active asset managers, not passive funds, suggesting a shared thesis around ALK's operational or strategic catalyst.
Key Financial Metrics
Institutional Positions
Net institutional flow: $11.3M
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Farther Finance Advisors | ADD | +38.7% | $417.0K | $12.0K |
| Wealth Enhancement Advisory Services | DOUBLED | +147.3% | $1.1M | $564.0K |
| Mather Group | ADD | +63.8% | $7.0K | $1.0K |
| Assenagon Asset Management | DOUBLED | +1065.1% | $12.2M | $10.7M |
| Concurrent Investment Advisors | ADD | +26.6% | $228.0K | -$15.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Vontobel Holding | TRIM | -62.6% | $1.1M | -$828.0K |
Key Facts
- 5 institutional buyers increased holdings by $11.3M net (from $2.6M to $13.9M), with 2 funds doubling positions (Wealth Enhancement +147%, Assenagon +1065%).
- 1 institutional seller (Vontobel trimmed 62.6%, reducing value from $1.1M to $317K).
- All 5 buyers are active asset managers (Farther Finance, Wealth Enhancement, Mather, Assenagon, Concurrent) — no passive/index funds in the cluster.
- Net aggregate buying of $11.3M is small relative to ALK's ~$5.9B market cap (approx. 0.19% of float).
Financial Impact
5 institutions accumulated $11.3M in new buying vs $828K in selling, net $11.3M buying value.
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound.
- Cluster size is small relative to float — not a high-conviction signal.
- No insider buying corroboration (no insider confluence block present.
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-ALK-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 8-K | $33.54 | awaiting T+20 | — | — |
Oct 16, 2026 10d ago | Institutional Cluster | $33.95 | awaiting T+20 | — | — |
Sep 29, 2026 27d ago | 8-K | $39.93 | awaiting T+20 | — | — |
Aug 21, 2026 9w ago | Insider Buy | $41.56 $41.91 | ▲ +0.84% | ▼ −0.46% | — |
Aug 16, 2026 10w ago | Institutional Cluster | $44.04 $40.71 | ▼ −7.56% | ▼ −6.04% | — |
Jul 4, 2026 16w ago | Institutional Cluster | $50.41 $47.45 | ▼ −5.87% | ▼ −5.31% | — |
Jun 17, 2026 18w ago | 8-K | $48.27 $47.62 | ▼ −1.35% | ▼ −2.66% | — |
Jun 3, 2026 20w ago | 8-K | $41.74 $51.25 | ▲ +22.79% | ▲ +23.91% | — |
May 20, 2026 22w ago | Court Ruling | $39.68 $48.27 | ▲ +21.65% | ▲ +21.69% | — |
May 12, 2026 23w ago | 8-K | $38.53 $46.66 | ▲ +21.10% | ▲ +21.72% | — |
US Market Status
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