20 institutional buyers accumulated $490.2M in AXTI during Q2 2026, while 9 sellers reduced by $120M, resulting in a net bullish conviction. The buying is dominated by mega-passive funds (Geode, Schwab, Northern Trust) and quant funds (Citadel, D.E. Shaw) doubling positions, alongside new stakes from Capital World Investors ($24.7M) and Vanguard Portfolio Management ($126.7M). The selling is concentrated among mega-passive trims (Morgan Stanley -$38.1M, UBS -$15.3M) and two full exits (Private Advisor Group, Imc-Chicago). The cluster's signal is weakened by the passive-heavy buyer composition and the absence of insider buying (confluence score 25/100, divergent). The cross-filing actuarial verdict flags an amplifier (inst-earnings-context + inst-offering-context), but given the passive-dominated cluster and lack of insider corroboration, the standalone signal is moderate.
Executive Summary
20 institutional buyers accumulated $490.2M in AXTI during Q2 2026, while 9 sellers reduced by $120M, resulting in a net bullish conviction. The buying is dominated by mega-passive funds (Geode, Schwab, Northern Trust) and quant funds (Citadel, D.E. Shaw) doubling positions, alongside new stakes from Capital World Investors ($24.7M) and Vanguard Portfolio Management ($126.7M). The selling is concentrated among mega-passive trims (Morgan Stanley -$38.1M, UBS -$15.3M) and two full exits (Private Advisor Group, Imc-Chicago). The cluster's signal is weakened by the passive-heavy buyer composition and the absence of insider buying (confluence score 25/100, divergent). The cross-filing actuarial verdict flags an amplifier (inst-earnings-context + inst-offering-context), but given the passive-dominated cluster and lack of insider corroboration, the standalone signal is moderate.
Key Financial Metrics
Institutional Positions
Net institutional flow: $370.2M
▲ Buyers (20)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Vanguard Portfolio Management | NEW | +0% | $126.7M | $126.7M |
| D.E. Shaw | DOUBLED | +189.9% | $162.2M | $118.0M |
| Geode | DOUBLED | +195.4% | $125.2M | $91.7M |
| Citadel | DOUBLED | +160% | $106.8M | $74.3M |
| Capital World Investors | NEW | +0% | $24.7M | $24.7M |
▼ Sellers (9)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Morgan Stanley | TRIM | -57.6% | $82.3M | -$38.1M |
| Imc-Chicago | EXIT | -100% | $26.0M | -$26.0M |
| UBS | TRIM | -40.4% | $62.5M | -$15.3M |
| Private Advisor Group | EXIT | -100% | $12.8M | -$12.8M |
| Assenagon Asset Management | TRIM | -32% | $85.8M | -$12.0M |
Key Facts
- 20 institutional buyers accumulated $490.2M in AXTI during Q2 2026
- 9 sellers reduced holdings by $120M, net inflow of ~$370M
- Top buyers: Vanguard Portfolio Mgmt (NEW $126.7M), D.E. Shaw (DOUBLED +$118M), Geode (DOUBLED +$91.7M), Citadel (DOUBLED +$74.3M)
- Top sellers: Morgan Stanley (TRIM -$38.1M), Imc-Chicago (EXIT -$26.0M), Private Advisor Group (EXIT -$12.8M)
- No open-market insider buying — confluence score 25/100 (divergent)
- 82% of analysts rate the stock Buy/Strong Buy; market cap $4.8B
Financial Impact
Net institutional inflow of ~$370M (buyers $490.2M vs sellers $120M) during Q2 2026
Risk Factors
- 45-day 13F reporting lag means positions may have been unwound since quarter-end
- Buyer composition is dominated by passive/index funds (Geode, Schwab, Northern Trust) — weaker signal than active manager cluster
- No insider buying corroboration (confluence score 25/100, divergent)
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-AXTI-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 22d ago | SC 13G/A | $86.66 $61.98 | ▼ −28.48% | ▼ −28.90% | — |
Aug 21, 2026 9w ago | Institutional Cluster | $70.74 $58.63 | ▼ −17.12% | ▼ −17.59% | — |
Aug 19, 2026 9w ago | Insider Cluster | $73.15 $66.92 | ▼ −8.52% | ▼ −9.63% | — |
Jul 22, 2026 13w ago | 8-K | $52.93 $46.94 | ▼ −11.32% | ▼ −11.79% | — |
Jul 8, 2026 15w ago | 8-K | $60.12 $57.57 | ▼ −4.24% | ▼ −5.10% | — |
Jul 2, 2026 16w ago | 8-K | $56.62 $62.55 | ▲ +10.47% | ▲ +9.54% | — |
Jun 22, 2026 18w ago | 8-K | $77.91 $71.46 | ▼ −8.28% | ▼ −9.29% | — |
Jun 17, 2026 18w ago | Insider Cluster | $92.11 $70.14 | ▼ −23.85% | ▼ −22.81% | — |
Jun 10, 2026 19w ago | Insider Cluster | $88.34 $92.11 | ▼ −4.27% | ▼ −3.83% | — |
Jun 9, 2026 19w ago | 8-K | $85.29 $93.04 | ▲ +9.09% | ▲ +5.65% | — |
US Market Status
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