The cluster shows strong conviction buying from three firms that doubled or more than doubled their stakes, while only one seller trimmed. With 13F data 45+ days stale, monitor Q4 2026 filings to see if these positions were held or flipped. The absence of passive/index funds suggests a fundamental thesis, not index rebalancing.
Executive Summary
Four institutional asset managers accumulated $10.8M in AWK during Q3 2026, while one trimmed $9.6M. The buying was concentrated in three firms that doubled or nearly doubled their positions, signaling conviction in the regulated water utility's defensive growth profile amid a rising rate environment.
Key Financial Metrics
Institutional Positions
Net institutional flow: $1.2M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Robeco Institutional Asset Management B.v. | DOUBLED | +183.7% | $9.5M | $6.1M |
| Assetmark | DOUBLED | +634.2% | $4.2M | $3.6M |
| Td Waterhouse Canada | DOUBLED | +121.4% | $1.7M | $909.0K |
| Davenport & Co | ADD | +44.4% | $652.0K | $193.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | TRIM | -47% | $20.1M | -$9.6M |
Key Facts
- 4 buyers added $10.8M in net new positions, led by Robeco (+$6.1M, +183.7%) and Assetmark (+$3.6M, +634.2%)
- 1 seller (Assenagon) trimmed $9.6M (-47.0%), reducing a $20.1M position to $10.5M
- Net aggregate institutional activity: +$1.2M (buyers $16.0M vs sellers $10.5M)
- All five funds are active asset managers — no passive/index funds dominate the cluster
Financial Impact
4 active managers accumulated $16.0M in AWK positions vs 1 trimming $9.6M; net change +$10.8M in buying vs -$9.6M selling
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Single large seller (Assenagon) trimmed $9.6M, indicating some institutional caution
- Regulated utility sector faces rate sensitivity and regulatory risk
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-AWK-2026-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | Press Release | $140.49 | awaiting T+1 | — | — |
Oct 21, 2026 6d ago | Institutional Cluster | $143.23 $142.75 | ▼ −0.34% | ▲ +0.19% | — |
Oct 15, 2026 12d ago | 425 | $134.94 $133.57 | ▼ −1.02% | ▼ −1.44% | — |
Oct 5, 2026 22d ago | Press Release | $127.84 $128.04 | ▲ +0.16% | ▼ −0.39% | — |
Sep 23, 2026 4w ago | Press Release | $133.06 $131.53 | ▼ −1.15% | ▼ −1.07% | — |
Sep 18, 2026 5w ago | 425 | $133.97 $133.82 | ▼ −0.11% | ▼ −0.10% | — |
Sep 17, 2026 5w ago | 425 | $138.24 $135.90 | ▼ −1.69% | ▼ −1.57% | — |
Sep 17, 2026 5w ago | 8-K | $138.24 $135.90 | ▼ −1.69% | ▼ −1.57% | — |
Sep 16, 2026 5w ago | 8-K | $137.76 $138.24 | ▲ +0.35% | ▼ −0.79% | — |
Sep 14, 2026 6w ago | 424B5 | $138.92 $138.02 | ▼ −0.65% | ▼ −0.19% | — |
US Market Status
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