The cluster shows active managers accumulating while others trim — a split thesis. Monitor next 13F for follow-through from Prudential and Connor Clark & Lunn; if they continue adding, it signals conviction. Silvercrest's large trim is a caution flag. The 45-day lag means positions may have changed since quarter-end.
Executive Summary
In Q3 2024, 7 institutional buyers accumulated $11.4M in AXGN while 10 sellers reduced holdings by $2.8M, creating a mixed cluster. The buying was dominated by active asset managers (Prudential, Connor Clark & Lunn, Trexquant) doubling or adding positions, while the largest seller Silvercrest trimmed over $3.3M. The net $8.6M inflow suggests selective conviction from active managers despite broad trimming by others.
Key Financial Metrics
Institutional Positions
Net institutional flow: $8.6M
▲ Buyers (7)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Prudential Financial | ADD | +31% | $6.1M | $3.7M |
| Connor, Clark & Lunn Investmen | ADD | +66.3% | $4.3M | $3.0M |
| Invesco | DOUBLED | +522.7% | $3.9M | $3.6M |
| Trexquant Investment | DOUBLED | +307.6% | $644.0K | $562.0K |
| Verition Fund Management | ADD | +41% | $573.0K | $363.0K |
▼ Sellers (10)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Silvercrest Asset Management G | TRIM | -63.2% | $11.6M | -$3.3M |
| Citadel | NEAR_EXIT | -89.4% | $579.0K | -$461.0K |
| Russell Investments Group | NEAR_EXIT | -97.8% | $100.0K | -$95.7K |
Key Facts
- 7 buyers added $11.4M in new holdings; 10 sellers reduced by $2.8M
- Largest buyer: Prudential Financial added $3.7M (31% increase to $6.1M)
- Largest seller: Silvercrest Asset Mgmt trimmed $3.3M (63% reduction to $8.3M)
- Invesco doubled its position (+522.7% shares) to $3.9M
- Citadel nearly exited (-89.4% shares) leaving only $118K
- Active managers dominated buying; passive/index funds were minor
Financial Impact
Net institutional inflow of approximately $8.6M into AXGN during Q3 2024, with $15.9M in total buyer holdings vs $2.8M in seller reductions
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound
- Silvercrest's $3.3M trim could indicate fundamental concerns
- Mixed cluster reduces directional conviction
- Historical T+20 performance on AXGN reports has been negative (-5.05%)
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-AXGN-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 21d ago | 424B5 | $42.16 $44.23 | ▲ +4.91% | ▲ +5.13% | — |
Sep 10, 2026 22d ago | 8-K | $41.85 $45.29 | ▲ +8.21% | ▲ +8.71% | — |
Sep 10, 2026 22d ago | Press Release | $41.85 $45.29 | ▼ −8.21% | ▼ −8.71% | — |
Sep 10, 2026 22d ago | Press Release | $41.85 $45.29 | ▲ +8.21% | ▲ +8.71% | — |
Aug 12, 2026 7w ago | Insider Cluster | $49.67 $48.93 | ▼ −1.49% | ▼ −1.05% | — |
Aug 11, 2026 7w ago | Institutional Cluster | $49.67 $48.93 | ▼ −1.49% | ▼ −1.05% | — |
Jul 29, 2026 9w ago | 8-K | $41.37 $45.22 | ▲ +9.31% | ▲ +3.78% | — |
Jul 15, 2026 11w ago | Press Release | $38.72 $39.37 | ▲ +1.68% | ▲ +2.66% | — |
Jul 9, 2026 12w ago | Institutional Cluster | $43.62 $39.78 | ▼ −8.81% | ▼ −8.68% | — |
Jun 12, 2026 16w ago | Institutional Cluster | $43.00 $44.84 | ▲ +4.28% | ▲ +3.61% | — |
US Market Status
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