The cluster is dominated by one near-exit and two trims, but the dollar amounts are small relative to BIDU's $26.5B market cap. The absence of insider buying and the mixed active/passive composition suggest no strong shared thesis. Monitor next quarter's filings for any continuation of selling by larger holders.
Executive Summary
A mixed institutional cluster for Baidu (BIDU) in Q3 2026 shows two small asset managers modestly adding positions while three others reduced holdings, led by Exchange Traded Concepts exiting nearly all of its $4.5M stake. The net dollar flow is negative (-$4.8M), and the cluster lacks insider buying corroboration, indicating low conviction among active managers.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$4.8M
▲ Buyers (2)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Td Waterhouse Canada | DOUBLED | +108.6% | $121.0K | $41.0K |
| Assetmark | ADD | +44% | $576.0K | $50.0K |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Exchange Traded Concepts | NEAR_EXIT | -95.2% | $4.5M | -$4.4M |
| Farther Finance Advisors | TRIM | -32.3% | $306.0K | -$148.0K |
| Assenagon Asset Management | TRIM | -50% | $602.0K | -$373.0K |
Key Facts
- 2 buyers added $91K in net new value; 3 sellers reduced by $4.9M
- Exchange Traded Concepts cut 95.2% of its BIDU position, selling $4.4M worth
- Assenagon Asset Management trimmed 50% of its stake, selling $373K
- Farther Finance Advisors trimmed 32.3%, selling $148K
- Td Waterhouse Canada doubled its tiny position to $121K
- Assetmark added 44% to a $576K position
- Confluence score of 12/100 indicates no open-market insider buying during the quarter
Financial Impact
Net institutional selling of approximately $4.8M, with total seller reductions of $4.9M versus buyer additions of $91K
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Cluster is small in dollar terms (<$5M net selling) and may not reflect broader institutional sentiment
- No insider buying to corroborate the institutional signal
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-BIDU-2026-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 1d ago | Institutional Cluster | $79.50 | awaiting T+20 | awaiting T+20 | No price |
Oct 27, 2026 2d ago | 6-K | $78.27 | awaiting T+20 | awaiting T+20 | No price |
Oct 7, 2026 22d ago | 6-K | $83.92 | awaiting T+20 | awaiting T+20 | No price |
Oct 1, 2026 28d ago | 6-K | $85.59 $77.92 | ▼ −8.96% | ▼ −9.66% | No price |
Sep 30, 2026 29d ago | 6-K | $86.87 $78.27 | ▼ −9.90% | ▼ −11.17% | No price |
Sep 29, 2026 4w ago | 6-K | $86.71 $78.27 | ▼ −9.73% | ▼ −10.45% | No price |
Sep 28, 2026 4w ago | 6-K | $86.97 $78.06 | ▼ −10.24% | ▼ −10.21% | No price |
Sep 25, 2026 4w ago | 6-K | $87.33 $77.20 | ▼ −11.60% | ▼ −10.12% | No price |
Sep 24, 2026 5w ago | 6-K | $87.91 $77.98 | ▼ −11.29% | ▼ −10.87% | No price |
Sep 23, 2026 5w ago | 6-K | $89.49 $78.62 | ▼ −12.15% | ▼ −12.83% | No price |
US Market Status
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