The cluster is small but dominated by active managers, suggesting a shared catalyst thesis. However, the absence of insider buying and the historical calibration showing modest net alpha for this filing type argue against over-weighting the signal. Monitor for additional 13F filings from other active managers in the next reporting cycle to confirm the trend.
Executive Summary
Three institutional investors accumulated $78.5M in AXON during Q2 2026, led by a $77.8M new position from Congress Asset Management. The cluster is small (3 funds) but dominated by active managers, with no insider buying to corroborate the thesis. Historical calibration suggests modest net alpha for this filing type and score level.
Key Financial Metrics
Institutional Positions
Net institutional flow: $78.5M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Congress Asset Management | NEW | +100% | $77.8M | $77.8M |
| Qrg Capital Management | ADD | +39% | $919.0K | $418.0K |
| Davenport & Co | ADD | +32% | $523.0K | $223.0K |
Key Facts
- 3 institutional buyers added $78.5M in net new positions during Q2 2026
- Congress Asset Management initiated a $77.8M position (138.8K shares)
- Davenport & Co added 32% to its position, now worth $523K
- Qrg Capital Management added 39% to its position, now worth $919K
- No institutional sellers in the cluster
- No open-market insider buying to corroborate the institutional signal (confluence score 9/100, divergent)
Financial Impact
3 institutions accumulated $78.5M in new positions; no selling activity
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound
- Small cluster size (3 funds) limits statistical significance
- No insider buying to corroborate the institutional thesis
- Historical calibration shows average net alpha near zero for this filing type
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-AXON-2026-Q2 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | 424B5 / 8-K | $442.08 $459.32 | ▲ +3.90% | ▲ +3.08% | — |
Sep 14, 2026 18d ago | Insider Cluster | $490.18 $452.06 | ▼ −7.78% | ▼ −9.44% | — |
Sep 8, 2026 23d ago | 144 | $490.00 $466.88 | ▼ −4.72% | ▼ −4.38% | — |
Jul 15, 2026 11w ago | Institutional Cluster | $541.12 $491.49 | ▼ −9.17% | ▼ −8.19% | — |
Jun 8, 2026 16w ago | Insider Cluster | $452.51 $443.21 | ▼ −2.06% | ▼ −4.47% | — |
Jun 2, 2026 17w ago | Insider Cluster | $481.48 $447.59 | ▼ −7.04% | ▼ −3.22% | — |
Apr 16, 2026 24w ago | DEFA14A | $402.85 $397.12 | ▼ −1.42% | ▼ −1.98% | — |
Apr 10, 2026 24w ago | 8-K | $359.63 $403.75 | ▲ +12.27% | ▲ +8.97% | — |
Mar 17, 2026 28w ago | Insider Cluster | $506.57 $456.60 | ▼ −9.86% | ▼ −7.21% | — |
Mar 11, 2026 29w ago | 8-K | $499.40 $502.18 | ▲ +0.56% | ▲ +1.54% | — |
US Market Status
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