Mixed passive institutional activity provides no clear directional catalyst. Monitor for active manager interest or company-specific news that could drive consensus. The 13F lag means positions may have already been unwound.
Executive Summary
Institutional cluster for ASO shows mixed activity: Morgan Stanley and BofA added positions totaling $41.1M, while T. Rowe Price, Norges Bank, and UBS reduced/exited holdings with net selling of ~$43.3M. The net selling of ~$2.2M is dominated by passive/index fund managers, offering no clear directional signal.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$2.2M
▲ Buyers (2)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Morgan Stanley | ADD | +47% | $67.4M | $26.3M |
| BofA | ADD | +44% | $39.1M | $14.8M |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| T. Rowe Price | NEAR_EXIT | -85.8% | $19.0K | -$16.2K |
| Norges Bank | EXIT | -100% | $34.2M | -$34.2M |
| UBS | TRIM | -36.8% | $30.8M | -$9.0M |
Key Facts
- 2 buyers (Morgan Stanley, BofA) added $41.1M in ASO positions.
- 3 sellers (T. Rowe Price, Norges Bank, UBS) reduced/exited $43.3M.
- Net net selling of approximately $2.2M.
- All participants are passive or sovereign fund managers, reducing signal strength.
Financial Impact
Net institutional selling of ~$2.2M (0.07% of market cap) with buyers accumulating $41.1M and sellers reducing $43.3M.
Risk Factors
- 13F data is 45 days old; cluster may no longer be intact.
- Passive/index fund moves may be mechanical rebalancing, not conviction.
- Net selling, albeit small, suggests cautious positioning.
Market Snapshot
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-ASO-2025-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | 144 | $50.44 $49.50 | ▼ −1.86% | ▼ −2.68% | — |
Sep 14, 2026 18d ago | 144 | $54.25 $48.49 | ▼ −10.62% | ▼ −10.72% | — |
Sep 9, 2026 23d ago | 8-K | $51.15 $50.42 | ▼ −1.43% | ▼ −0.33% | — |
Sep 4, 2026 28d ago | Press Release | $44.94 $54.25 | ▲ +20.72% | ▲ +21.93% | — |
Sep 3, 2026 29d ago | Press Release | $43.68 $55.36 | ▲ +26.74% | ▲ +27.89% | — |
Aug 21, 2026 6w ago | Institutional Cluster | $45.83 $43.50 | ▼ −5.08% | ▼ −5.56% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $52.33 $49.62 | ▼ −5.18% | ▼ −5.61% | — |
Jun 9, 2026 16w ago | 8-K | $50.37 $49.25 | ▼ −2.22% | ▼ −4.64% | — |
Jun 9, 2026 16w ago | Press Release | $50.37 $49.25 | ▼ −2.22% | ▼ −4.64% | — |
Jun 4, 2026 17w ago | 8-K | $51.75 $51.01 | ▼ −1.43% | ▼ −2.00% | — |
US Market Status
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