The cluster is dominated by active asset managers (not passive/index funds), suggesting a deliberate thesis around BAH's margin expansion story. Monitor next quarter's 13F for whether these positions were held or increased — if Artemis and Wealth Enhancement maintain or add, it confirms conviction beyond the earnings catalyst.
Executive Summary
Five asset managers accumulated $21.4M in new Booz Allen Hamilton positions during Q3 2026, led by a $12.1M new stake from Artemis Investment Management and an $8.8M doubling by Wealth Enhancement Advisory Services. This buying cluster follows the company's Q2 FY27 earnings beat (Adjusted EPS $1.76 vs $1.48 consensus) and raised full-year guidance, suggesting institutions are positioning for continued margin expansion despite a 3.9% revenue decline.
Key Financial Metrics
Institutional Positions
Net institutional flow: $21.4M
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Artemis Investment Management | NEW | +0% | $12.1M | $12.1M |
| Wealth Enhancement Advisory Services | DOUBLED | +448.1% | $10.5M | $8.8M |
| Concurrent Investment Advisors | ADD | +30% | $359.0K | $118.0K |
| Nisa Investment Advisors | ADD | +59.6% | $210.0K | $95.0K |
| Hb Wealth Management | ADD | +47.7% | $907.0K | $370.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Fjarde Ap-Fonden | EXIT | -98.9% | $40.0K | -$40.0K |
Key Facts
- 5 institutional buyers accumulated $21.4M in net new positions during Q3 2026
- Artemis Investment Management initiated a new $12.1M position (173.6K shares)
- Wealth Enhancement Advisory Services nearly quintupled its stake (+448.1%) to $10.5M
- Only 1 seller (Fjarde Ap-Fonden) exited a trivial $40K position
- Cluster follows Q2 FY27 earnings beat with raised FY27 EPS guidance to $6.50-$6.70
Financial Impact
5 institutions accumulated $21.4M in new BAH positions while 1 seller reduced by $40K, for net institutional buying of ~$21.4M
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Revenue declined 3.9% YoY — top-line headwinds could pressure the margin-driven thesis
- Cluster is small in absolute dollar terms ($21.4M) relative to BAH's ~$20B market cap
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-BAH-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 2d ago | Institutional Cluster | $77.57 | awaiting T+20 | — | — |
Oct 23, 2026 3d ago | 8-K | $82.54 | awaiting T+20 | — | — |
Sep 24, 2026 4w ago | GOVT-CONTRACT | $72.95 $78.32 | ▲ +7.36% | ▲ +8.84% | — |
Sep 15, 2026 5w ago | GOVT-CONTRACT | $78.02 $71.87 | ▼ −7.88% | ▼ −9.94% | — |
Sep 2, 2026 7w ago | GOVT-CONTRACT | $73.88 $67.35 | ▼ −8.84% | ▼ −8.38% | — |
Aug 24, 2026 9w ago | 8-K | $75.22 $76.28 | ▲ +1.41% | ▲ +0.10% | — |
Aug 24, 2026 9w ago | GOVT-CONTRACT | $73.83 $75.65 | ▲ +2.47% | ▲ +1.97% | — |
Aug 19, 2026 9w ago | GOVT-CONTRACT | $76.36 $77.07 | ▲ +0.93% | ▲ +1.05% | — |
Jul 29, 2026 12w ago | GOVT-CONTRACT | $67.80 $74.88 | ▲ +10.45% | ▲ +6.48% | — |
Jul 24, 2026 13w ago | 8-K | $72.53 $77.05 | ▲ +6.23% | ▲ +2.61% | — |
US Market Status
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