The buying is entirely from passive/index funds, likely reflecting index rebalancing or benchmark weight adjustments rather than an active fundamental thesis. Monitor for active manager interest or fundamental catalysts before taking a directional position.
Executive Summary
Three mega-passive institutional investors (BlackRock, State Street, Fidelity) collectively added $162.0M in ALMS positions during Q1 2026, with Fidelity nearly doubling its stake. The buying is entirely from passive/index funds, suggesting index rebalancing or benchmark weight adjustments rather than an active fundamental thesis.
Key Financial Metrics
Institutional Positions
Net institutional flow: $162.0M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| BlackRock | ADD | +57% | $158.0M | $113.4M |
| State Street | ADD | +43.1% | $39.7M | $27.4M |
| Fidelity | DOUBLED | +2606.4% | $21.5M | $21.2M |
Key Facts
- 3 mega-passive funds (BlackRock, State Street, Fidelity) added $162.0M in ALMS positions during Q1 2026
- BlackRock added 2.60M shares (+57%), increasing value from $44.6M to $158.0M
- State Street added 542.4K shares (+43.1%), increasing value from $12.3M to $39.7M
- Fidelity nearly doubled its stake (+2606.4%), adding 949.8K shares worth $21.2M
- No institutional sellers were identified in this cluster
- All three buyers are mega-passive/index funds, not active managers — signal is weaker
Financial Impact
3 institutions accumulated $162.0M in new ALMS positions during Q1 2026, with total current holdings of $219.1M
Risk Factors
- All buyers are passive/index funds — signal may be mechanical rebalancing, not conviction
- 13F data has 45-day reporting lag; positions may have already been unwound
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-ALMS-2026-Q1 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 9, 2026 6w ago | Insider Buy | $9.90 $9.18 | ▼ −7.27% | ▼ −8.13% | — |
Sep 1, 2026 7w ago | 8-K | $9.47 $10.35 | ▲ +9.29% | ▲ +8.85% | — |
Aug 15, 2026 10w ago | Institutional Cluster | $25.50 $24.88 | ▼ −2.43% | ▼ −1.76% | — |
Aug 10, 2026 11w ago | 8-K | $25.37 $25.55 | ▲ +0.71% | ▲ +0.46% | — |
Aug 5, 2026 11w ago | Insider Cluster | $27.80 $27.60 | ▼ −0.72% | ▼ −1.33% | — |
Aug 5, 2026 11w ago | Insider Cluster | $27.80 $27.60 | ▼ −0.72% | ▼ −1.33% | — |
Jun 29, 2026 17w ago | 8-K | $27.14 $28.14 | ▲ +3.68% | ▲ +2.91% | — |
Jun 11, 2026 19w ago | Institutional Cluster | $20.90 $24.15 | ▲ +15.55% | ▲ +15.01% | — |
May 18, 2026 23w ago | DEFA14A | $21.53 $22.04 | ▲ +2.39% | ▲ +1.35% | — |
Mar 28, 2026 30w ago | Press Release | $20.21 $22.03 | ▲ +9.01% | ▲ +6.11% | — |
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.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers