The broad-based selling by top quant and asset managers signals potential fundamental deterioration. Watch next earnings for revenue/earnings misses or guidance cuts. The stale 13F data may already be reflected; monitor insider activity for additional confirmation.
Executive Summary
A significant institutional cluster for Ameresco (AMRC) shows 6 sellers reducing holdings by $51.4M vs 3 buyers adding $5.5M, net distribution of ~$45.9M. Major quant funds Citadel (near exit, -98%) and D.E. Shaw (trim -41%), along with First Trust Advisors (trim -74%) and Swedbank (full exit), drove the selling. This suggests a loss of confidence among sophisticated investors, likely due to fundamental concerns or sector headwinds.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$45.9M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Stifel Financial | ADD | +35.1% | $4.5M | $2.0M |
| Russell Investments Group | ADD | +27.1% | $5.3M | $2.1M |
| Tudor Investment Corp Et Al | DOUBLED | +107.6% | $2.2M | $1.4M |
▼ Sellers (6)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Citadel | NEAR_EXIT | -98% | $6.9M | -$6.7M |
| D.E. Shaw | TRIM | -40.9% | $9.4M | -$2.1M |
| Pnc Financial Services Group | NEAR_EXIT | -90.1% | $22.0K | -$19.5K |
| First Trust Advisors | TRIM | -73.7% | $41.0M | -$26.8M |
| Swedbank Ab | EXIT | -100% | $14.4M | -$14.4M |
| Legal & General Group | TRIM | -34.7% | $9.7M | -$1.4M |
Key Facts
- Six institutions reduced AMRC holdings by a net $51.4M in Q3 2024
- Citadel nearly exited, cutting 98% of its position (239K→4.9K shares, value drop $6.7M)
- D.E. Shaw trimmed 40.9% (327.5K→193.6K shares, $2.1M reduction)
- First Trust Advisors trimmed 73.7% (1.42M→373.5K shares, $26.8M reduction)
- Swedbank fully exited a 500K-share position worth $14.4M
- Only three modest buyers added $5.5M combined, led by Tudor Investment (doubled to $2.2M)
- 13F data is stale (Q3 2024 quarter-end), current positioning may differ
Financial Impact
Net selling of ~$45.9M by 6 institutions, with 3 small buyers adding only $5.5M. The largest seller was First Trust Advisors (cut $26.8M), followed by Swedbank ($14.4M full exit) and Citadel ($6.7M near exit).
Risk Factors
- 13F data is reported with 45-day lag; positions may have changed significantly since September 2024
- Selling could be sector rotation rather than company-specific (interest rate sensitivity)
- Buyers include Tudor Investment doubling its stake, suggesting contrarian opportunity
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-AMRC-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | SC 13G/A | $20.11 $20.09 | ▲ +0.10% | ▲ +0.38% | — |
Oct 8, 2026 18d ago | SC 13G | $21.01 $21.33 | ▲ +1.52% | ▲ +0.92% | — |
Sep 10, 2026 6w ago | 8-K | $23.78 $22.68 | ▼ −4.63% | ▼ −4.18% | — |
Sep 3, 2026 7w ago | GOVT-CONTRACT | $23.15 $23.93 | ▲ +3.37% | ▲ +3.92% | — |
Sep 1, 2026 7w ago | Insider Cluster | $22.60 $21.82 | ▼ −3.45% | ▼ −3.90% | — |
Aug 27, 2026 8w ago | Insider Cluster | $21.99 $22.12 | ▲ +0.59% | ▲ +0.89% | — |
Aug 26, 2026 8w ago | Insider Cluster | $22.91 $21.99 | ▼ −4.02% | ▼ −3.79% | — |
Aug 25, 2026 8w ago | Institutional Cluster | $22.07 $22.16 | ▲ +0.41% | ▲ +0.39% | — |
Aug 25, 2026 9w ago | GOVT-CONTRACT | $22.16 $22.91 | ▲ +3.38% | ▲ +2.73% | — |
Aug 11, 2026 10w ago | Insider Cluster | $27.61 $27.79 | ▲ +0.65% | ▼ −0.05% | — |
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