Monitor next quarterly earnings for fundamental confirmation of the thesis driving this accumulation.
Executive Summary
A bullish institutional cluster formed in ALTG during 2026-Q2, with 23 buyers adding $2.6M in net new positions versus 8 sellers reducing by $1.6M. The buying was broad-based across mega-passive banks (JPMorgan, BofA, Wells Fargo, UBS) and quantitative hedge funds (Point72, Millennium), but the absence of any open-market insider buying weakens the conviction signal.
Key Financial Metrics
Institutional Positions
Net institutional flow: $1.0M
▲ Buyers (23)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Point72 | ADD | +36.5% | $1.6M | $618.0K |
| Millennium | ADD | +33.1% | $1.1M | $421.0K |
| Vanguard Portfolio Management | ADD | +35.4% | $1.2M | $469.0K |
| BofA | DOUBLED | +120.7% | $656.0K | $409.0K |
| JPMorgan | DOUBLED | +270.9% | $200.0K | $158.0K |
▼ Sellers (8)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| First Eagle Investment Management | TRIM | -28.8% | $3.9M | -$558.0K |
| Nuveen | TRIM | -71.9% | $747.0K | -$494.0K |
| Newedge Advisors | TRIM | -57% | $631.0K | -$304.1K |
Key Facts
- 23 institutional buyers added $2.6M in net new positions during 2026-Q2
- 8 institutional sellers reduced holdings by $1.6M
- Mega-passive banks JPMorgan, BofA, Wells Fargo, and UBS all doubled or added significantly
- Quant funds Point72 and Millennium added $618K and $421K respectively
- No open-market insider buying detected in the same window (confluence score 33/100, institutions_only)
- Top seller First Eagle Investment Management trimmed 210K shares worth $558K
Financial Impact
23 institutions accumulated $5.7M in holdings (net +$2.6M) while 8 sellers reduced by $1.6M, for a net institutional inflow of approximately $1.0M
Risk Factors
- 45-day 13F reporting lag means positions may have already been unwound
- No insider buying corroboration weakens conviction signal
- Mega-passive buying may reflect index rebalancing rather than fundamental conviction
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-ALTG-2026-Q2 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 25d ago | 8-K | $6.48 $6.45 | ▼ −0.46% | ▼ −1.14% | — |
Oct 2, 2026 25d ago | Press Release | $6.48 $6.45 | ▼ −0.46% | ▼ −1.14% | — |
Aug 25, 2026 9w ago | Institutional Cluster | $6.19 $6.20 | ▲ +0.16% | ▲ +0.14% | — |
Jul 2, 2026 16w ago | 8-K / PRESS-RELEASE | $6.19 $6.48 | ▲ +4.68% | ▲ +3.81% | — |
Jun 11, 2026 19w ago | Institutional Cluster | $7.05 $7.12 | ▲ +0.99% | ▼ −0.77% | — |
May 13, 2026 23w ago | EFFECT | $25.06 $25.20 | ▲ +0.57% | ▼ −0.21% | — |
May 7, 2026 24w ago | 8-K | $25.22 $25.02 | ▲ +0.79% | ▲ +1.02% | — |
Apr 15, 2026 27w ago | DEFA14A | $24.92 $24.92 | · 0.00% | ▼ −1.21% | — |
Apr 3, 2026 29w ago | 8-K | $24.58 $24.57 | ▼ −0.06% | ▼ −0.12% | — |
Apr 3, 2026 29w ago | Press Release | $5.38 $5.25 | ▼ −2.42% | ▼ −2.48% | — |
US Market Status
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