The cluster is a modest positive signal but lacks insider confirmation and sits within a $72B mega-cap where $12M net buying is marginal. Watch for follow-on 13F additions next quarter or any insider open-market buys to increase conviction. The Russell addition is the most significant data point.
Executive Summary
A moderately bullish institutional cluster emerged in AMX during Q2 2026, with 7 buyers (net +$12.1M) versus 1 seller (net -$7.6K). Russell Investments Group dominated the buying with a $10.5M addition to a $48.6M position, supported by adds from Td Asset Management, State Street, and multiple doublings from Kestra Advisory Services and Walleye Capital. However, no insider buying corroborates the bullish signal, and historical institutional reads on AMX have underperformed, limiting conviction.
Key Financial Metrics
Institutional Positions
Net institutional flow: $12.1M
▲ Buyers (7)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Russell Investments Group | ADD | +25.1% | $48.6M | $10.5M |
| State Street | ADD | +69.6% | $1.5M | $649.0K |
| Td Asset Management | ADD | +50.3% | $1.1M | $367.0K |
| Kestra Advisory Services | DOUBLED | +122.6% | $524.0K | $293.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Fifth Third Bancorp | TRIM | -31% | $26.0K | -$7.6K |
Key Facts
- 7 buyers accumulated $12.1M net, while 1 seller trimmed $7.6K
- Russell Investments Group added $10.5M, now holding $48.6M (75% of total buying value)
- Kestra Advisory Services doubled its position (+122.6%, +$293K) to $524K
- Td Asset Management added +50.3% (+$367K) to $1.1M
- Fifth Third Bancorp trimmed 31.0% (-$7.6K) to $18K — negligible selling pressure
- No open-market insider buying was detected in the same window (Confluence score 34/100, 'institutions_only')
- Active asset managers (Russell, Td, Kestra) drove 94% of buying value; only State Street was mega-passive
- AMX has a 71% analyst bullish rating (3 Strong Buy, 9 Buy, 5 Hold) and a $72B market cap
Financial Impact
Net institutional buying of $12.1M against $72B market cap (~0.02% of float); Russell's $10.5M addition was the primary driver
Risk Factors
- 45-day 13F reporting lag — positions may have been unwound since quarter-end
- No insider buying to corroborate — institutions-only signal (Confluence score 34/100)
- Net buying of $12.1M on a $72B market cap is < 0.02% of float — minimal price impact possible
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-AMX-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 3d ago | 6-K | $24.98 | awaiting T+20 | — | — |
Aug 7, 2026 11w ago | Institutional Cluster | $23.75 $23.00 | ▼ −3.16% | ▼ −2.76% | — |
Jul 23, 2026 13w ago | 6-K | $25.95 $23.39 | ▼ −9.87% | ▼ −13.17% | — |
Jul 21, 2026 13w ago | 6-K | $26.09 $23.63 | ▼ −9.43% | ▼ −11.99% | — |
Jun 11, 2026 19w ago | Institutional Cluster | $27.66 $25.84 | ▼ −6.58% | ▼ −8.47% | — |
US Market Status
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