The cluster is too small and mixed to signal a directional thesis. Monitor next 13F filings for larger institutional moves or insider buying to confirm conviction.
Executive Summary
A small institutional cluster in BN shows mixed conviction: 4 asset managers added modest positions totaling $624K, while 2 trimmed $555K, led by Vontobel Holding's $541K reduction. The net activity is negligible relative to BN's $93.2B market cap, and the 13F data is 45+ days stale with no insider buying corroboration.
Key Financial Metrics
Institutional Positions
Net institutional flow: $69.0K
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Unisuper Management Pty | ADD | +30.1% | $3.7M | $381.0K |
| Daiwa Securities Group | ADD | +86.8% | $584.0K | $219.0K |
| Mather Group | ADD | +31.6% | $66.0K | $7.0K |
| Assetmark | ADD | +27.5% | $200.0K | $17.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Exchange Traded Concepts | TRIM | -51.5% | $23.0K | -$13.0K |
| Vontobel Holding | TRIM | -58.1% | $844.0K | -$541.0K |
Key Facts
- 4 institutional buyers added $624K in aggregate, 2 sellers reduced $555K
- Largest buyer: Unisuper Management added $381K (+30.1%)
- Largest seller: Vontobel Holding trimmed $541K (-58.1%)
- Net institutional flow is mixed and immaterial relative to $93.2B market cap
- Confluence score 24/100: institutions only, no insider buying
Financial Impact
Aggregate net institutional activity is approximately $69K (buyers $624K minus sellers $555K), representing less than 0.0001% of BN's market cap.
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound
- No insider buying corroboration weakens the signal
- Net activity is negligible relative to market cap
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-BN-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | Institutional Cluster | $39.50 | awaiting T+20 | awaiting T+20 | No price |
Oct 22, 2026 10d ago | 6-K | $37.97 | awaiting T+20 | awaiting T+20 | No price |
Oct 15, 2026 17d ago | 6-K | $36.62 | awaiting T+20 | awaiting T+20 | No price |
Oct 9, 2026 23d ago | 6-K | $37.05 | awaiting T+20 | awaiting T+20 | No price |
Sep 23, 2026 5w ago | 6-K | $36.63 $38.28 | ▲ +4.50% | ▲ +4.92% | No price |
Sep 22, 2026 5w ago | 6-K | $37.09 $37.51 | ▲ +1.13% | ▲ +0.44% | No price |
Sep 21, 2026 5w ago | 6-K | $37.85 $37.32 | ▼ −1.40% | ▼ −0.84% | No price |
Sep 21, 2026 5w ago | Press Release | $37.85 $37.32 | ▼ −1.40% | ▼ −0.84% | No price |
Sep 21, 2026 5w ago | 6-K | $37.98 $36.46 | ▼ −4.00% | ▼ −3.09% | No price |
Sep 14, 2026 6w ago | 6-K | $37.61 $37.05 | ▼ −1.49% | ▼ −3.75% | No price |
US Market Status
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