The cluster is dominated by passive/quant sellers (Citadel, Invesco) and small active buyers. Given the 45-day reporting lag, these positions may have already been adjusted. Monitor upcoming 10-Q for fundamental catalysts that could explain the divergence.
Executive Summary
An institutional cluster in ATNI for Q3 2024 shows a mixed net conviction: 3 small buyers (net +$1.0M) versus 6 sellers (net -$2.3M). The selling is dominated by a large trim from quant fund Citadel ($1.8M reduction) and a near-exit by Legal & General, while buying is concentrated in two asset managers (Ameriprise and Credit Agricole) adding modest positions.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$1.3M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Ameriprise Financial | ADD | +44.3% | $1.2M | $592.0K |
| Credit Agricole S A | ADD | +38.5% | $896.0K | $440.0K |
| Cwm | DOUBLED | +4471.6% | $120.00 | $118.00 |
▼ Sellers (6)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Citadel | TRIM | -55.6% | $5.0M | -$1.8M |
| Invesco | TRIM | -46.9% | $1.3M | -$310.0K |
| Legal & General Group | NEAR_EXIT | -89.1% | $193.0K | -$163.5K |
| Sei Investments | TRIM | -45.1% | $305.0K | -$67.2K |
| Tudor Investment Corp Et Al | TRIM | -25.1% | $853.0K | $53.0K |
| Hrt Financial | TRIM | -57.6% | $3.0K | -$1.1K |
Key Facts
- 3 buyers accumulated $2.1M in current holdings (net change +$1.0M)
- 6 sellers reduced holdings by $2.3M in aggregate
- Citadel trimmed 55.6% of its position, selling ~$1.8M worth
- Legal & General nearly exited, cutting 89.1% of its stake
- Ameriprise Financial added $592K (+44.3% shares)
- Credit Agricole added $440K (+38.5% shares)
- Cwm doubled a tiny position from $2 to $120 (negligible)
- Analyst consensus is 86% bullish (6 buy, 1 hold)
Financial Impact
Net institutional selling of approximately $1.3M (total buyer additions $1.0M vs total seller reductions $2.3M)
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound
- Selling by Citadel and Invesco could indicate fundamental concerns not yet public
- Small buyer base (only 3, with one negligible) limits conviction signal
- Mixed net direction provides no clear catalyst for near-term movement
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-ATNI-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $25.91 | awaiting T+20 | — | — |
Sep 23, 2026 4w ago | Press Release | $29.14 $26.23 | ▼ −9.99% | ▼ −9.57% | — |
Sep 18, 2026 5w ago | Insider Cluster | $29.36 $25.25 | ▼ −14.01% | ▼ −13.10% | — |
Sep 18, 2026 5w ago | SC 13D/A | $28.43 $25.75 | ▼ −9.44% | ▼ −9.64% | — |
Sep 4, 2026 7w ago | Insider Cluster | $30.93 $28.10 | ▼ −9.15% | ▼ −9.75% | — |
Sep 2, 2026 7w ago | Insider Cluster | $30.91 $28.04 | ▼ −9.29% | ▼ −9.13% | — |
Aug 26, 2026 8w ago | Insider Cluster | $29.69 $29.14 | ▼ −1.85% | ▼ −1.34% | — |
Aug 19, 2026 9w ago | Insider Cluster | $31.14 $28.73 | ▼ −7.74% | ▼ −7.62% | — |
Aug 17, 2026 10w ago | Insider Cluster | $31.10 $29.45 | ▼ −5.28% | ▼ −3.54% | — |
Aug 12, 2026 10w ago | Insider Cluster | $31.87 $30.32 | ▼ −4.86% | ▼ −3.12% | — |
US Market Status
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