The cluster is small and passive in nature, with no activist or insider signal. Monitor next 13F for continuation or reversal of this modest accumulation, and watch for any corporate catalyst (pipeline data, FDA decision) that could explain the shared thesis.
How similar events traded
Executive Summary
Three institutional asset managers increased their BCRX positions in Q3 2026, adding a net $1.9M in holdings, while one advisor trimmed $472K. The cluster is modestly bullish but lacks insider corroboration and reflects stale quarter-end data.
Key Financial Metrics
Institutional Positions
Net institutional flow: $1.9M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Strs Ohio | ADD | +82.2% | $1.4M | $461.0K |
| Principal Financial Group | ADD | +52.7% | $6.0M | $1.3M |
| Assenagon Asset Management | ADD | +27.2% | $3.7M | $210.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Wealth Enhancement Advisory Services | TRIM | -61.3% | $681.0K | -$472.0K |
Key Facts
- 3 institutional buyers added $1.9M in net value during Q3 2026
- 1 seller trimmed $472K, representing the only bearish move
- All buyers are asset managers (Strs Ohio, Principal Financial, Assenagon), no activist or hedge fund participation
- No open-market insider buying was detected in the same window (confluence score 12/100)
- 13F data is stale by ~45 days; positions may have been unwound since quarter-end
Financial Impact
Net institutional accumulation of $1.4M across 3 buyers vs $472K in selling, for a net inflow of ~$1.9M
Risk Factors
- 13F data is 45+ days stale; current positions may differ materially
- No insider buying to corroborate institutional conviction
- Cluster size is small relative to BCRX's $2.2B market cap
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-BCRX-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 4, 2026 today | 8-K | No price | awaiting T+60 | awaiting T+60 | No price |
Nov 4, 2026 today | Press Release | $8.64 | awaiting T+60 | awaiting T+60 | No price |
Nov 2, 2026 1d ago | Institutional Cluster | $8.14 | awaiting T+60 | awaiting T+60 | No price |
Oct 27, 2026 7d ago | Institutional Cluster | $8.37 | awaiting T+60 | awaiting T+60 | No price |
Oct 21, 2026 13d ago | Press Release | $7.78 | awaiting T+60 | awaiting T+60 | No price |
Aug 5, 2026 13w ago | 8-K | $9.07 $8.46 | ▼ −6.73% | ▼ −6.92% | No price |
Jun 29, 2026 18w ago | 8-K | $9.55 $8.78 | ▼ −8.06% | ▼ −12.45% | No price |
Jun 12, 2026 20w ago | 8-K | $9.06 $8.81 | ▼ −2.81% | ▼ −3.82% | No price |
Jun 12, 2026 20w ago | Press Release | $8.70 $9.07 | ▲ +4.20% | ▲ +0.93% | No price |
May 19, 2026 24w ago | Insider Cluster | $8.74 $9.74 | ▲ +11.44% | ▲ +6.44% | No price |
US Market Status
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