The cluster's net buying of $165.6M by active value and quant funds (Ariel, Point72, Dimensional) suggests a shared thesis around undervaluation or a catalyst, but the massive Invesco near-exit ($136.2M) and 25 total sellers create a tug-of-war. Monitor for upcoming earnings or strategic announcements that could resolve the divergence. The cross-filing amplifier indicates this cluster's signal is more meaningful when combined with earnings or offering events — watch for those catalysts.
Executive Summary
A mixed institutional cluster for BIO-RAD LABORATORIES in Q3 2024 shows 20 buyers accumulating $320.8M in net new value (led by Ariel, Point72, and Dimensional Fund Advisors) while 25 sellers reduced holdings by $155.2M (led by Invesco's near-exit of $136.2M). The net buying of $165.6M is dominated by active value and quant funds, suggesting a contrarian thesis around valuation or a catalyst, but the heavy passive selling (Invesco, T. Rowe Price) introduces caution. The cross-filing actuarial verdict flags an amplifier for inst-earnings + inst-offering context, meaning this cluster's signal is statistically stronger when combined with earnings and offering events.
Key Financial Metrics
Institutional Positions
Net institutional flow: $165.6M
▲ Buyers (20)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Ariel | DOUBLED | +263.5% | $126.7M | $98.2M |
| Point72 | NEW | — | $83.7M | $83.7M |
| Dimensional Fund Advisors | ADD | +32.3% | $219.0M | $83.9M |
| Mawer | ADD | +63% | $72.9M | $36.4M |
▼ Sellers (25)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Invesco | NEAR_EXIT | -92.6% | $149.7M | -$136.2M |
| D.E. Shaw | TRIM | -60.9% | $11.7M | -$6.1M |
| Hsbc Holdings | NEAR_EXIT | -88.3% | $9.2M | -$7.9M |
Key Facts
- 20 buyers added $320.8M in net new value; 25 sellers reduced by $155.2M
- Ariel DOUBLED its position (+263.5%) to $126.7M — largest buyer by value
- Point72 initiated a NEW $83.7M position — quant fund conviction
- Dimensional Fund Advisors added $83.9M (+32.3%) — systematic active manager
- Invesco NEAR-EXITED (-92.6%), selling $136.2M — largest seller by far
- Net aggregate buying of ~$165.6M across the cluster
- Active value/quant funds dominate buying; passive/index funds dominate selling
- Cross-filing amplifier: inst-earnings + inst-offering context strengthens signal
Financial Impact
Net institutional buying of approximately $165.6M (buyers added $320.8M, sellers reduced $155.2M) in Q3 2024
Risk Factors
- 13F data is 45+ days stale — positions may have been unwound
- Heavy passive selling (Invesco, T. Rowe Price) could indicate index rebalancing or structural outflows
- Mixed net direction reduces conviction — cluster may reflect hedging rather than directional bet
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-BIO-2024-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 22d ago | Court Ruling | $368.75 $382.41 | ▼ −3.70% | ▼ −4.20% | — |
Jun 12, 2026 16w ago | Institutional Cluster | $285.94 $282.44 | ▼ −1.22% | ▼ −1.90% | — |
US Market Status
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