Monitor next 10-Q for revenue growth confirmation and any insider open-market buying before adding to positions. The divergent insider activity (score 21/100) is a notable warning — institutions may have already taken profits post-quarter-end.
Executive Summary
A strong institutional cluster formed in AVPT during 2026-Q2, with 17 buyers accumulating $76M in net new positions versus 7 sellers trimming $17.2M. The buying is dominated by major active and passive managers including Norges Bank (new $20M stake), Citadel (doubled to $20.3M), and Goldman Sachs (nearly doubled to $56.7M), suggesting a shared thesis around AvePoint's growth trajectory in the SaaS governance space. However, the cluster is partially offset by notable trims from Jennison Associates (-$5.1M), RenTech (-$6.4M), and BofA (-$5.0M), and the 45-day 13F reporting lag means these positions may have been adjusted since quarter-end.
Key Financial Metrics
Institutional Positions
Net institutional flow: $58.8M
▲ Buyers (17)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Norges Bank | NEW | +0% | $20.0M | $20.0M |
| Citadel | DOUBLED | +411.5% | $20.3M | $16.9M |
| Goldman Sachs | ADD | +96.3% | $56.7M | $32.2M |
▼ Sellers (7)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| RenTech | TRIM | -37.2% | $24.5M | -$6.4M |
| Jennison Associates | TRIM | -27.3% | $35.8M | -$5.1M |
| BofA | TRIM | -50.4% | $11.9M | -$5.0M |
Key Facts
- 17 institutional buyers added $76.0M in net new AVPT positions during 2026-Q2
- 7 institutional sellers trimmed $17.2M, led by RenTech (-$6.4M), Jennison (-$5.1M), and BofA (-$5.0M)
- Norges Bank initiated a new $20.0M position, the largest single new stake
- Citadel more than quadrupled its stake to $20.3M (a $16.9M increase)
- Goldman Sachs nearly doubled to $56.7M, adding $32.2M
- The cluster is dominated by active managers and sovereign wealth, not passive rebalancing
- Insider activity is divergent (score 21/100) with zero open-market insider buying, weakening the cluster's conviction
Financial Impact
17 buyers accumulated $76.0M in net new positions while 7 sellers reduced holdings by $17.2M, for a net institutional inflow of approximately $58.8M
Risk Factors
- 45-day 13F reporting lag means positions may have been unwound since quarter-end
- Zero open-market insider buying suggests management is not reinforcing the institutional thesis
- RenTech and Jennison trimming large positions could signal thesis fatigue among sophisticated holders
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-AVPT-2026-Q2 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | Press Release | $14.00 $15.72 | ▲ +12.29% | ▲ +11.83% | — |
Oct 6, 2026 20d ago | 144 | $14.28 $14.00 | ▲ +1.96% | ▲ +0.98% | — |
Aug 16, 2026 10w ago | Institutional Cluster | $13.25 $13.24 | ▼ −0.08% | ▲ +1.12% | — |
Jun 29, 2026 17w ago | Press Release | $11.07 $12.05 | ▲ +8.81% | ▲ +7.42% | — |
May 7, 2026 24w ago | 8-K | $11.40 $9.79 | ▼ −14.12% | ▼ −15.59% | — |
Apr 21, 2026 26w ago | Press Release | $10.24 $9.88 | ▼ −3.52% | ▼ −3.57% | — |
Mar 13, 2026 32w ago | DEFA14A | $10.52 $10.24 | ▼ −2.66% | ▼ −0.62% | — |
US Market Status
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