The mixed institutional cluster with no activist or high-conviction new positions suggests no imminent catalyst. Monitor for a shift toward concentrated buying or a catalyst (earnings, asset sale) that could align institutional sentiment. The insider buying over the last 30 days ($1.1M) provides a modest counterweight to institutional selling.
Executive Summary
Institutional activity in BOC during Q3 2024 was mixed: 4 buyers added $1.8M in net new holdings (led by Citadel's $1.4M increase), while 6 sellers reduced positions by $1.27M (led by Tudor's $778K near-exit and D.E. Shaw's $266K trim). The cluster is dominated by quant and asset managers with no activist or high-conviction new positions, suggesting tactical rebalancing rather than a shared fundamental thesis.
Key Financial Metrics
Institutional Positions
Net institutional flow: $530.0K
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Citadel | ADD | +57.4% | $3.2M | $1.4M |
| Trexquant Investment | ADD | +39% | $564.0K | $197.0K |
| Equitable Holdings | ADD | +68.8% | $380.0K | $176.0K |
| Allworth Financial | DOUBLED | +343.2% | $8.0K | $6.0K |
▼ Sellers (6)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Tudor Investment Corp Et Al | NEAR_EXIT | -80.9% | $986.0K | -$778.3K |
| D.E. Shaw | TRIM | -41.5% | $753.0K | -$266.3K |
| Legal & General Group | TRIM | -53.1% | $466.0K | -$224.4K |
| Exoduspoint Capital Management | TRIM | -64.9% | $466.00 | -$286.00 |
| Nisa Investment Advisors | NEAR_EXIT | -81.2% | $861.00 | -$683.00 |
| Cwm | TRIM | -51.2% | $3.00 | -$1.00 |
Key Facts
- 4 institutional buyers added $1.8M in net new holdings; 6 sellers reduced by $1.27M
- Citadel was the largest buyer, adding $1.4M (57.4% increase to $3.2M position)
- Tudor Investment Corp was the largest seller, exiting 80.9% of its position ($778K reduction)
- No new positions were opened; all buyer activity was adds/doubles; sellers included two near-exits
- Analyst consensus is 0% bullish (0 buy, 7 hold/sell/strong sell); recent insider activity shows 6 buys totaling $1.1M
Financial Impact
Net institutional buying of $530K ($4.2M total buyer holdings vs $1.1M total seller holdings) — small relative to BOC's market cap
Risk Factors
- 13F data is 45+ days stale; positions may have already been unwound
- Selling by 6 institutions (including quant funds D.E. Shaw and Tudor) outweighs buying conviction
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-BOC-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 8-K | $12.58 | awaiting T+60 | — | — |
Sep 11, 2026 6w ago | 8-K | $13.57 | awaiting T+60 | — | — |
Aug 21, 2026 9w ago | 8-K | $14.13 | awaiting T+60 | — | — |
Jun 30, 2026 16w ago | 8-K | $14.86 $13.43 | ▼ −9.62% | ▼ −12.50% | — |
Jun 15, 2026 19w ago | 8-K | $13.40 $13.51 | ▲ +0.82% | ▼ −0.18% | — |
Jun 12, 2026 19w ago | Institutional Cluster | $13.61 $13.72 | ▲ +0.81% | ▼ −2.46% | — |
Jun 1, 2026 21w ago | Insider Cluster | $13.64 $14.00 | ▲ +2.64% | ▲ +1.52% | — |
May 14, 2026 23w ago | 8-K | $11.06 $14.22 | ▼ −28.57% | ▼ −24.06% | — |
US Market Status
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