The cluster lacks a clear consensus: Assenagon's aggressive doubling suggests conviction in BKR's oilfield services outlook, but Artemis's near-halving signals the opposite. With no insider buying to corroborate the bullish side, watch next quarter's 13F for whether the buyers held or reversed, and monitor BKR's Q4 earnings for fundamental confirmation.
Executive Summary
Institutional activity in Baker Hughes during Q3 2026 was mixed: two active managers accumulated $65.2M (led by Assenagon more than doubling its stake to $59.1M), while three managers trimmed $33.3M (led by Artemis cutting 57.4% of its position). The net $31.9M inflow is modest relative to BKR's market cap, and the 45-day reporting lag means positions may have shifted since quarter-end.
Key Financial Metrics
Institutional Positions
Net institutional flow: $31.9M
▲ Buyers (2)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | DOUBLED | +1134.9% | $59.1M | $54.2M |
| Ninety One Uk | ADD | +36.6% | $42.1M | $11.0M |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Artemis Investment Management | TRIM | -57.4% | $51.7M | -$29.9M |
| Wealth Enhancement Advisory Services | TRIM | -33.6% | $8.6M | -$3.0M |
| Assetmark | TRIM | -29.3% | $1.2M | -$372.0K |
Key Facts
- 2 buyers added $65.2M in net new value; 3 sellers reduced $33.3M
- Assenagon Asset Management more than doubled its stake (+1,134.9% shares) to $59.1M
- Artemis Investment Management cut 57.4% of its position, exiting $29.9M
- All five funds are active asset managers — no passive/index funds in the cluster
- 13F data is ~45 days stale; current positioning may differ
Financial Impact
Net institutional inflow of approximately $31.9M (buyers added $65.2M, sellers removed $33.3M) — a small fraction of BKR's multi-billion market cap
Risk Factors
- 13F data is stale (45-day lag); positions may have been unwound
- Mixed signals from active managers provide no clear directional edge
- No insider buying to corroborate the accumulation side
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-BKR-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 8-K | $57.25 | awaiting T+20 | — | — |
Oct 27, 2026 today | Press Release | $57.30 | awaiting T+20 | — | — |
Oct 27, 2026 today | Press Release | $58.97 | awaiting T+20 | — | — |
Oct 27, 2026 today | Press Release | $58.72 | awaiting T+20 | — | — |
Oct 21, 2026 6d ago | Institutional Cluster | $53.62 | awaiting T+20 | — | — |
Oct 15, 2026 12d ago | Press Release | $54.40 | awaiting T+20 | — | — |
Oct 5, 2026 22d ago | Press Release | $57.38 | awaiting T+20 | — | — |
Sep 28, 2026 29d ago | Press Release | $57.12 $56.01 | ▼ −1.94% | ▼ −1.91% | — |
Sep 13, 2026 6w ago | Press Release | $56.78 $56.18 | ▼ −1.06% | ▼ −3.32% | — |
Sep 9, 2026 6w ago | 8-K | $63.64 $55.41 | ▼ −12.93% | ▼ −14.88% | — |
US Market Status
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