The cluster is dominated by passive rebalancing, not active conviction. UBS's large position increase may reflect index reconstitution rather than fundamental bullishness. Monitor next 13F for whether the selling trend continues or reverses. No immediate catalyst from this data alone.
Executive Summary
Institutional cluster in BFLY shows mixed conviction: two mega-passive buyers (UBS doubling its position to $4.2M, Invesco adding 45.8%) versus three mega-passive sellers (Morgan Stanley trimming 43.1%, BofA near-exiting, T. Rowe Price trimming 27.9%). Net selling pressure dominates at -$4.6M vs +$3.6M buying. The cluster is entirely passive/index-driven, not active manager conviction, weakening the signal.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$1.0M
▲ Buyers (2)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| UBS | DOUBLED | +447.7% | $4.2M | $3.4M |
| Invesco | ADD | +45.8% | $632.0K | $183.0K |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Morgan Stanley | TRIM | -43.1% | $6.6M | -$3.0M |
| BofA | NEAR_EXIT | -85.6% | $1.9M | -$1.6M |
| T. Rowe Price | TRIM | -27.9% | $283.00 | -$86.00 |
Key Facts
- 2 buyers (Invesco, UBS) added $3.6M in new holdings; 3 sellers (T. Rowe Price, BofA, Morgan Stanley) reduced by $4.6M
- UBS doubled its position (+447.7% shares) to $4.2M, the largest buyer by value
- Morgan Stanley was the largest seller, trimming 43.1% of its stake worth $3.0M
- All five institutions are classified as mega-passive (index/rebalancing), not active managers
- Net institutional flow is negative: -$1.0M across the cluster
Financial Impact
Net institutional selling of ~$1.0M across 5 mega-passive funds; buying of $3.6M vs selling of $4.6M
Risk Factors
- 13F data is 45+ days stale; positions may have already been reversed
- All participants are passive/index funds — signal is weak and likely mechanical
- Net selling bias could indicate ongoing institutional distribution
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-BFLY-2025-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | 3 | $7.25 $7.47 | ▲ +3.03% | ▲ +2.61% | — |
Oct 6, 2026 21d ago | 144 | $8.70 $8.27 | ▼ −4.94% | ▼ −4.70% | — |
Oct 5, 2026 22d ago | 8-K | $9.38 $8.70 | ▼ −7.25% | ▼ −7.80% | — |
Sep 23, 2026 4w ago | 144 | $9.41 $9.39 | ▼ −0.21% | ▼ −0.76% | — |
Sep 22, 2026 5w ago | 144 | $9.20 $9.41 | ▲ +2.28% | ▲ +2.36% | — |
Sep 9, 2026 6w ago | Insider Cluster | $7.12 $7.33 | ▲ +2.95% | ▲ +2.10% | — |
Aug 17, 2026 10w ago | Insider Cluster | $9.00 $9.17 | ▼ −1.89% | ▼ −1.68% | — |
Aug 17, 2026 10w ago | Insider Cluster | $9.00 $9.17 | ▼ −1.89% | ▼ −1.68% | — |
Aug 15, 2026 10w ago | Institutional Cluster | $9.02 $9.00 | ▼ −0.22% | ▲ +0.45% | — |
Aug 12, 2026 10w ago | Insider Cluster | $8.86 $8.84 | ▼ −0.23% | ▼ −0.03% | — |
US Market Status
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