The divergence between passive buying and active selling suggests no strong catalyst. Monitor for any fundamental developments (earnings, debt restructuring, or operational milestones) that could shift active manager sentiment. The small absolute dollar amounts indicate limited conviction on either side.
Executive Summary
Institutional activity in AEMETIS (AMTX) during Q2 2026 was mixed: 10 buyers (net +$5.9M) vs 11 sellers (net -$4.1M). Buying was overwhelmingly from mega-passive index funds (BlackRock, State Street, Geode, Northern Trust) doubling small positions, while active managers like Marshall Wace, UBS, and Barclays trimmed or nearly exited. The passive accumulation likely reflects index rebalancing rather than a fundamental thesis, and the active selling suggests institutional skepticism.
Key Financial Metrics
Institutional Positions
Net institutional flow: $1.8M
▲ Buyers (10)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| BlackRock | DOUBLED | +527% | $6.5M | $4.5M |
| State Street | DOUBLED | +140.5% | $1.2M | $228.0K |
| Geode | DOUBLED | +135.4% | $2.8M | $489.0K |
| Northern Trust | DOUBLED | +275.6% | $833.0K | $402.0K |
▼ Sellers (11)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Marshall Wace | TRIM | -66% | $2.8M | -$2.3M |
| UBS | NEAR_EXIT | -80.7% | $571.0K | -$514.0K |
| Barclays | TRIM | -74.9% | $193.0K | -$168.0K |
| BNP Paribas Financial Markets | NEAR_EXIT | -80.8% | $203.0K | -$183.0K |
Key Facts
- 10 institutional buyers added net $5.9M in AMTX positions during Q2 2026
- 11 institutional sellers reduced holdings by net $4.1M
- All 10 buyers are mega-passive/index funds (BlackRock, State Street, Geode, Northern Trust, Fidelity, etc.)
- Active asset managers (Marshall Wace, UBS, Barclays, BNP Paribas, Citigroup) were the primary sellers
- Marshall Wace trimmed 66% of its position, reducing value from $2.8M to $490K
- BlackRock doubled its stake to 3.97M shares worth $6.5M, the largest buyer by value
- Total institutional holdings remain small — aggregate buyer holdings are only $11.8M
Financial Impact
Net institutional buying of $1.8M ($5.9M bought vs $4.1M sold) on a small-cap stock with ~$12M in aggregate institutional holdings
Risk Factors
- Active manager selling (Marshall Wace, UBS, Barclays) may signal deteriorating fundamentals not yet reflected in price
- Passive buying is likely mechanical index rebalancing, not a conviction signal
- Low institutional ownership base means small trades can appear as large percentage changes
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-AMTX-2026-Q2 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 22, 2026 4w ago | Institutional Cluster | $2.12 $1.37 | ▼ −35.22% | ▼ −34.66% | — |
Aug 6, 2026 11w ago | Press Release | $1.63 $1.83 | ▼ −12.27% | ▼ −11.67% | — |
May 7, 2026 24w ago | 8-K | $3.12 $2.45 | ▲ +21.47% | ▲ +24.61% | — |
May 1, 2026 25w ago | Press Release | $3.52 $2.64 | ▼ −25.00% | ▼ −30.28% | — |
Mar 12, 2026 32w ago | Press Release | $1.92 $2.27 | ▲ +18.23% | ▲ +16.25% | — |
US Market Status
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