The cluster is dominated by one mega-passive buyer (BlackRock) and one mega-passive seller (JPMorgan), likely reflecting index rebalancing rather than fundamental conviction. With 0% historical T+20 win rate on prior ANGI reports and no insider buying, this net $4.6M inflow does not warrant action. Monitor for an SC 13D filing or insider open-market purchases to confirm a genuine turnaround thesis.
Executive Summary
Angi Inc. (ANGI) saw mixed institutional activity in Q2 2026 with 9 buyers adding $9.6M in new holdings versus 5 sellers reducing $5.0M, for a net accumulation of ~$4.6M. The buying was dominated by BlackRock's $7.9M add (a mega-passive that likely reflects index rebalancing), while JPMorgan's near-exit of $4.9M was the largest sell-side move. Despite the net inflow, the 0% historical T+20 win rate across prior reports and absence of insider buying weaken the signal considerably.
Key Financial Metrics
Institutional Positions
Net institutional flow: $4.6M
▲ Buyers (9)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| BlackRock | ADD | +60.4% | $27.9M | $7.9M |
| Op Asset Management | DOUBLED | +823.2% | $763.0K | $653.0K |
| Russell Investments Group | DOUBLED | +168.5% | $839.0K | $478.0K |
| Strs Ohio | DOUBLED | +344.1% | $425.0K | $315.0K |
| Wealth Enhancement Advisory Services | DOUBLED | +202.6% | $209.0K | $133.0K |
| Mercer Global Advisors Inc /Adv | DOUBLED | +131.7% | $144.0K | $73.0K |
| Citigroup | DOUBLED | +367.7% | $81.0K | $61.0K |
| Walleye Capital | DOUBLED | +147614.3% | $62.0K | $61.0K |
| National Bank Of Canada | DOUBLED | +533.3% | $113.00 | $93.00 |
▼ Sellers (5)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| JPMorgan | NEAR_EXIT | -78.3% | $6.1M | -$4.9M |
| Pnc Financial Services Group | NEAR_EXIT | -78.9% | $57.0K | -$46.6K |
| Farther Finance Advisors | NEAR_EXIT | -92.3% | $41.0K | -$38.4K |
| Fifth Third Bancorp | TRIM | -38.1% | $17.0K | -$8.0K |
| Danske Bank A/S | NEAR_EXIT | -96.3% | $1.0K | -$1.1K |
Key Facts
- 9 buyers added $9.6M total, 5 sellers reduced $5.0M, net +$4.6M
- BlackRock (mega-passive) ADD +60.4% / +$7.9M — likely index-driven
- JPMorgan (mega-passive) NEAR_EXIT -78.3% / -$4.9M — largest single reduction
- Remaining 8 buyers are all small asset managers with sub-$1M positions
- No open-market insider buying accompanies the cluster (confluence score 33, institutions_only)
- Past 6 reports on ANGI (all directions) had 0% win rate at T+20 with avg alpha -21.24%
- Average net alpha at T+20 across this filing segment: -1.08% after trading costs
Financial Impact
Institutions accumulated net $4.6M (buyers $30.4M total holdings vs sellers reducing $5.0M). Net dollar change represents approximately 2.5% of ANGI's $182M market cap.
Risk Factors
- 13F data is 45 days old — positions may have been unwound by now
- 0% win rate on past 6 ANGI reports suggests persistent negative drift
- Confluence score 33/100 (institutions only) lacks insider corroboration
- JPMorgan's large near-exit may signal ongoing institutional disenchantment
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-ANGI-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 12, 2026 7w ago | Institutional Cluster | $4.83 $4.72 | ▼ −2.28% | ▼ −0.53% | — |
Aug 5, 2026 8w ago | 3 | $4.96 $4.86 | ▼ −2.02% | ▼ −2.62% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $5.49 $6.36 | ▼ −15.85% | ▼ −13.96% | — |
May 5, 2026 21w ago | 8-K | $4.80 $6.03 | ▼ −25.63% | ▼ −22.84% | — |
Apr 15, 2026 24w ago | Press Release | $7.27 $4.90 | ▼ −32.60% | ▼ −38.41% | — |
Mar 12, 2026 29w ago | 8-K | $7.51 $6.85 | ▼ −8.79% | ▼ −10.76% | — |
US Market Status
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