The strong institutional buying cluster suggests a shared thesis on ARIS, likely tied to gold price exposure or operational catalysts. However, the historical track record of bullish calls on this stock has been poor (0% win rate at T+20). Traders should wait for a catalyst (e.g., earnings beat, gold price breakout) before entering, as the 13F data is 45+ days stale and the market has consistently faded similar signals.
Executive Summary
Six institutional investors, led by Invesco, added $11.3M in ARIS positions during Q3 2024, while only D.E. Shaw trimmed a small amount. The cluster is dominated by active asset managers and one mega-passive fund, signaling a shared bullish thesis on gold mining fundamentals. However, historical reports on ARIS have been consistently wrong (0% win rate at T+20), suggesting the market has not rewarded this thesis recently.
Key Financial Metrics
Institutional Positions
Net institutional flow: $11.3M
▲ Buyers (6)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Invesco | ADD | +40.4% | $19.9M | $8.3M |
| Legal & General Group | ADD | +30.8% | $3.3M | $1.2M |
| Stifel Financial | ADD | +60.4% | $2.5M | $1.2M |
| National Bank Of Canada | DOUBLED | +180.6% | $667.0K | $473.0K |
| Commonwealth Equity Services | DOUBLED | +103.8% | $244.00 | $146.00 |
| Cibc World Market | ADD | +54.6% | $512.00 | $242.00 |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| D.E. Shaw | TRIM | -28.1% | $1.1M | -$136.1K |
Key Facts
- 6 institutional buyers added a net $11.3M in ARIS during Q3 2024, with total buyer holdings reaching $26.4M
- Invesco (mega-passive) was the largest buyer, increasing its position by 40.4% to $19.9M
- Only 1 seller (D.E. Shaw, quant) trimmed $136K, a negligible amount relative to total buying
- Two funds (National Bank Of Canada, Commonwealth Equity Services) doubled their positions
- Analyst consensus is 91% bullish (10 Buy/Strong Buy, 1 Hold, 0 Sell)
- Historical reports on ARIS have a 0% win rate at T+20 across 9 settled reports, with average T+20 return of -15.18%
Financial Impact
6 institutions accumulated $11.3M in new ARIS positions during Q3 2024, while 1 seller reduced holdings by $136K
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Historical reports on ARIS have been consistently wrong (0% win rate at T+20)
- Gold price volatility could reverse the thesis
- D.E. Shaw's trim, while small, could signal caution from a sophisticated quant fund
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-ARIS-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 9, 2026 23d ago | 6-K | $20.13 $18.23 | ▼ −9.44% | ▼ −8.34% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $15.89 $16.62 | ▲ +4.59% | ▲ +3.92% | — |
May 7, 2026 21w ago | 6-K | $19.70 $19.72 | ▲ +0.10% | ▼ −1.36% | — |
May 7, 2026 21w ago | 6-K | $19.70 $19.72 | ▲ +0.10% | ▼ −1.36% | — |
May 6, 2026 21w ago | 6-K | $19.01 $19.71 | ▲ +3.68% | ▲ +2.18% | — |
May 6, 2026 21w ago | 6-K | $19.01 $19.71 | ▲ +3.68% | ▲ +2.18% | — |
Apr 17, 2026 24w ago | 6-K | $20.96 $18.94 | ▼ −9.64% | ▼ −10.19% | — |
Apr 16, 2026 24w ago | 6-K | $20.33 $18.76 | ▼ −7.72% | ▼ −8.71% | — |
Apr 7, 2026 25w ago | 6-K | $20.12 $21.65 | ▲ +7.60% | ▲ +2.28% | — |
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.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access