The cluster shows breadth (4 buyers) but negative net dollar flow, indicating small funds accumulating while one large holder exits. Monitor upcoming 10-Q for fundamental catalysts that could explain the divergence.
Executive Summary
Four asset managers added BMY positions in Q3 2026, with aggregate buying of $18.3M, while one large holder trimmed $25.7M. The net institutional flow is slightly negative (-$7.4M), but the breadth of new buying (4 funds vs 1 seller) suggests selective accumulation at current levels.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$7.4M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Farther Finance Advisors | ADD | +28% | $11.8M | $3.3M |
| Td Waterhouse Canada | DOUBLED | +121.5% | $10.9M | $6.3M |
| Abn Amro Investment Solutions | ADD | +62% | $14.9M | $6.4M |
| Hb Wealth Management | ADD | +26.4% | $8.4M | $2.3M |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Fort Washington Investment Advisors | TRIM | -25.5% | $132.8M | -$25.7M |
Key Facts
- 4 institutional buyers added $18.3M in aggregate BMY holdings
- 1 institutional seller (Fort Washington) trimmed $25.7M, reducing a $132.8M position by 25.5%
- Net institutional flow was -$7.4M (selling exceeded buying in dollar terms)
- Largest buyer: Abn Amro Investment Solutions added $6.4M (+62% of prior position)
- Td Waterhouse Canada nearly doubled its stake (+121.5%, +$6.3M)
Financial Impact
Four institutions accumulated $18.3M in new BMY positions while one institution sold $25.7M, resulting in a net outflow of $7.4M from tracked funds.
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Single large seller ($25.7M) dominates net flow direction
- All participants are asset managers, not activist or event-driven funds, no catalyst thesis evident
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-BMY-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | Institutional Cluster | $61.48 $61.61 | ▲ +0.21% | ▼ −0.50% | No price |
Oct 5, 2026 22d ago | ANALYST-DOWNGRADE | No price | awaiting T+1 | awaiting T+1 | No price |
Aug 17, 2026 10w ago | Institutional Cluster | $64.63 $66.05 | ▲ +2.20% | ▲ +2.87% | No price |
Aug 5, 2026 11w ago | ANALYST-UPGRADE | $63.63 $64.15 | ▲ +0.82% | ▲ +0.98% | No price |
Jul 30, 2026 12w ago | 8-K | $64.86 $65.31 | ▲ +0.69% | ▼ −0.01% | No price |
Mar 25, 2026 30w ago | DEFA14A | $59.39 $58.47 | ▼ −1.55% | ▲ +0.13% | No price |
Feb 26, 2026 34w ago | Court Ruling | $62.37 $62.34 | ▼ −0.05% | ▼ −0.10% | No price |
US Market Status
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