The cluster is modest in scale ($9.4M net vs $9.5B market cap) and dominated by smaller asset managers. The 45-day lag means positions may have been adjusted since quarter-end. Monitor next 10-Q for any follow-through from larger holders like Fidelity or BlackRock.
Executive Summary
Three institutional asset managers increased their AYI positions by a net $9.4M in Q3 2026, led by Robeco's $8.6M addition, while one manager trimmed $2.7M. The cluster follows a strong Q4 earnings beat (EPS +56% YoY) and robust cash generation, though the 45-day reporting lag and divergent insider activity (score 26/100) temper conviction.
Key Financial Metrics
Institutional Positions
Net institutional flow: $9.4M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Robeco Institutional Asset Management B.v. | ADD | +56.3% | $38.9M | $8.6M |
| Assetmark | DOUBLED | +348.1% | $776.0K | $566.0K |
| Exchange Traded Concepts | ADD | +89.6% | $437.0K | $157.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | TRIM | -35.4% | $5.7M | -$2.7M |
Key Facts
- Three institutions added $9.4M net to AYI positions in Q3 2026
- Robeco Institutional Asset Management added $8.6M (+56.3% shares)
- Assetmark doubled its position (+348.1% shares, +$566K)
- Assenagon Asset Management trimmed $2.7M (-35.4% shares)
- Q4 2026 earnings beat consensus EPS by 13.4% with +56% YoY GAAP EPS growth
- Insider activity is divergent (score 26/100) with only $22K in open-market buying
Financial Impact
Net institutional buying of $9.4M (3 buyers adding $9.4M vs 1 seller trimming $2.7M)
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound
- Insider activity is divergent (score 26/100), not corroborating the institutional buying
- Cluster is small relative to market cap; signal strength is limited
- No formal guidance provided in Q4 earnings; forward visibility is low
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-AYI-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 today | 144 | $316.14 | awaiting T+1 | awaiting T+1 | No price |
Oct 28, 2026 1d ago | 144 | $318.99 | awaiting T+1 | awaiting T+1 | No price |
Oct 28, 2026 1d ago | Institutional Cluster | $317.08 $327.36 | ▲ +3.24% | ▲ +3.62% | No price |
Oct 27, 2026 2d ago | 144 | $317.08 $327.36 | ▲ +3.24% | ▲ +3.62% | No price |
Oct 26, 2026 3d ago | Press Release | $318.72 $323.11 | ▲ +1.38% | ▲ +0.82% | No price |
Oct 1, 2026 28d ago | 8-K | No price | awaiting T+1 | awaiting T+1 | No price |
Oct 1, 2026 28d ago | Press Release | $299.28 $308.76 | ▲ +3.17% | ▲ +2.43% | No price |
Sep 24, 2026 5w ago | Press Release | $319.42 $305.91 | ▼ −4.23% | ▼ −3.49% | No price |
Aug 28, 2026 8w ago | Press Release | $331.79 | awaiting T+1 | awaiting T+1 | No price |
Aug 21, 2026 9w ago | Institutional Cluster | $343.10 $336.59 | ▼ −1.90% | ▼ −1.60% | No price |
US Market Status
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