The near-unanimous selling by three asset managers, including a near-exit, signals waning conviction among institutional holders. With no insider buying and a divergent confluence score, monitor upcoming earnings for potential fundamental deterioration that may have driven these reductions.
Executive Summary
Institutional cluster for BlackBerry (BB) shows net bearish conviction: 3 sellers reduced holdings by $4.4M while only 1 buyer added a small position. The selling is concentrated among asset managers making significant trims or near-exits, with no insider buying to corroborate the institutional moves.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$2.6M
▲ Buyers (1)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Davenport & Co | ADD | +27.6% | $1.8M | -$174.0K |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Farther Finance Advisors | NEAR_EXIT | -99.4% | $2.5M | -$2.5M |
| Mirae Asset Global Investments Co. | TRIM | -55.8% | $1.4M | -$962.0K |
| Td Waterhouse Canada | TRIM | -55.6% | $1.3M | -$923.0K |
Key Facts
- 3 institutional sellers reduced aggregate holdings by $4.4M in Q3 2026
- 1 institutional buyer added $174K in value (net buyer value change is negative due to price decline)
- Farther Finance Advisors executed a near-exit, reducing 99.4% of its position ($2.5M to $11K)
- Mirae Asset Global Investments trimmed 55.8% of shares ($1.4M to $443K)
- TD Waterhouse Canada trimmed 55.6% of shares ($1.3M to $425K)
- Only buyer Davenport & Co added 27.6% shares but saw position value decline by $174K
- Confluence score 0/100 with zero open-market insider buyers, no insider corroboration
Financial Impact
Net institutional selling of $4.4M against $1.8M in buying; total net outflow of approximately $2.6M from the tracked institutions
Risk Factors
- 13F data is 45+ days stale; positions may have been adjusted since quarter-end
- Small sample size (4 institutions) limits statistical significance
- No stated reason for selling in the filing, thesis is inferred from direction alone
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-BB-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | 3 | $8.38 | awaiting T+5 | awaiting T+5 | No price |
Oct 29, 2026 3d ago | Institutional Cluster | $9.19 | awaiting T+5 | awaiting T+5 | No price |
Oct 27, 2026 5d ago | 8-K | $9.55 | awaiting T+5 | awaiting T+5 | No price |
Oct 22, 2026 10d ago | 144 | $8.92 $8.42 | ▼ −5.61% | ▼ −5.05% | No price |
Oct 13, 2026 20d ago | Insider Cluster | $8.23 $9.41 | ▼ −14.34% | ▼ −13.88% | No price |
Oct 5, 2026 27d ago | Insider Cluster | $9.58 $8.47 | ▼ −11.59% | ▼ −11.45% | No price |
Sep 24, 2026 5w ago | 8-K | $8.73 $9.18 | ▲ +5.15% | ▲ +5.57% | No price |
Sep 22, 2026 5w ago | 8-K | $8.62 $8.72 | ▲ +1.16% | ▲ +2.35% | No price |
Aug 15, 2026 11w ago | Institutional Cluster | $8.73 $7.65 | ▼ −12.37% | ▼ −11.18% | No price |
Jul 15, 2026 15w ago | Insider Cluster | $9.16 $8.63 | ▼ −5.79% | ▼ −4.12% | No price |
US Market Status
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