The mixed cluster with a slight net buying bias suggests no strong directional signal. The near-exit by Congress Asset Management is notable but offset by Wealth Enhancement's large add. Monitor for follow-on 13F filings and any insider buying to confirm conviction. The stock's strong historical performance on prior neutral calls (avg T+20 alpha +3.6%) suggests the market may already be pricing in positive fundamentals.
Executive Summary
Institutional cluster for Allstate (ALL) in 2026-Q2 shows mixed activity: three asset managers added $63.5M in positions while three others reduced holdings by $22.6M, resulting in net buying of $40.9M. The buying is concentrated in Wealth Enhancement Advisory Services ($49.5M add) and Qrg Capital Management ($11.1M add), while Congress Asset Management nearly exited its $17.2M position. The cluster is small and lacks activist or high-conviction hedge fund involvement, suggesting moderate conviction.
Key Financial Metrics
Institutional Positions
Net institutional flow: $40.9M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Wealth Enhancement Advisory Services | ADD | +80.6% | $89.8M | $49.5M |
| Qrg Capital Management | ADD | +76.7% | $21.9M | $11.1M |
| Sequoia Financial Advisors | ADD | +56.8% | $6.6M | $2.9M |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Congress Asset Management | NEAR_EXIT | -97.5% | $17.2M | -$16.7M |
| Assenagon Asset Management | TRIM | -28% | $33.8M | -$5.9M |
| Fort Washington Investment Advisors | TRIM | -31.6% | $321.0K | -$69.2K |
Key Facts
- 3 institutional buyers added $63.5M in ALL during 2026-Q2
- 3 institutional sellers reduced holdings by $22.6M, net buying of $40.9M
- Congress Asset Management nearly exited (97.5% reduction) a $17.2M position
- Wealth Enhancement Advisory Services added $49.5M (+80.6%) to reach $89.8M
- All participants are asset managers; no activist or hedge fund involvement
- Confluence with insider activity is low (score 9/100, divergent)
Financial Impact
Net institutional buying of $40.9M (0.06% of $64.3B market cap) from 3 buyers adding $63.5M and 3 sellers reducing $22.6M
Risk Factors
- 13F data is 45 days stale; positions may have been unwound
- Small cluster size (6 institutions) limits signal strength
- Congress Asset Management's near-exit could indicate negative proprietary research
- All participants are asset managers, not high-conviction activists
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-ALL-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 20, 2026 6w ago | 8-K | $254.54 $249.83 | ▲ +1.85% | ▲ +1.85% | — |
Aug 13, 2026 7w ago | 13F-HR | $260.48 $253.71 | ▼ −2.60% | ▼ −0.85% | — |
Aug 12, 2026 7w ago | Insider Cluster | $260.48 $253.71 | ▼ −2.60% | ▼ −0.85% | — |
Aug 5, 2026 8w ago | Press Release | $275.11 $263.11 | ▼ −4.36% | ▼ −4.96% | — |
Jul 18, 2026 10w ago | Institutional Cluster | $253.73 $258.10 | ▲ +1.72% | ▼ −2.40% | — |
Jul 16, 2026 11w ago | 8-K | $241.86 $260.48 | ▲ +7.70% | ▲ +4.08% | — |
Jul 8, 2026 12w ago | Press Release | $251.17 $264.59 | ▲ +5.34% | ▲ +2.07% | — |
Jul 6, 2026 12w ago | Press Release | $248.37 $264.08 | ▲ +6.33% | ▲ +6.89% | — |
Jun 18, 2026 15w ago | 8-K | $221.17 $241.86 | ▲ +9.35% | ▲ +8.82% | — |
May 21, 2026 19w ago | 8-K | $25.91 $25.82 | ▼ −0.35% | ▼ −0.68% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access