The cluster is too mixed for a directional read. Monitor for further insider or activist filings. The large Citadel trim is a red flag; watch for follow-through selling in the next 13F cycle. Consensus is bullish (91% buy), but active manager selling warrants caution.
Executive Summary
Institutional cluster for Boot Barn (BOOT) shows mixed activity: four mega-passive funds (Invesco, Morgan Stanley, UBS, T. Rowe Price) added $93.8M, while five active/quant funds (Citadel, BMO, UBS AM, Barclays, Amundi) trimmed $63.3M. The net buying of $30.5M is skewed by passive inflows, but high-conviction sellers like Citadel (trimmed $60.7M) suggest caution. The cluster does not indicate a strong directional catalyst.
Key Financial Metrics
Institutional Positions
Net institutional flow: $30.5M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Invesco | ADD | +46.3% | $152.0M | $56.7M |
| Morgan Stanley | ADD | +32% | $89.7M | $27.4M |
| UBS | ADD | +50.8% | $24.6M | $9.6M |
▼ Sellers (5)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Citadel | TRIM | -74% | $84.7M | -$60.7M |
| UBS AM (Distinct Business) | TRIM | -51.9% | $18.7M | -$8.9M |
| Barclays | TRIM | -45.5% | $14.0K | $8.1M |
Key Facts
- 4 buyers added $93.8M, led by Invesco (+$56.7M) and Morgan Stanley (+$27.4M).
- 5 sellers trimmed $63.3M, led by Citadel (-$60.7M) and UBS AM (-$8.9M).
- All buyers are mega-passive funds; sellers include active managers and a quant fund.
- Net institutional inflow of ~$30.5M, but dominated by passive rebalancing.
Financial Impact
Net institutional inflow of $30.5M, with total buying of $266.3M and total selling of approximately $106.8M (seller prior value).
Risk Factors
- Active selling by Citadel and others may indicate fundamental concerns not yet priced.
- Passive buying could reverse if BOOT exits indices or rebalancing ends.
- 13F data is 45 days old; positions may have already changed.
Market Snapshot
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-BOOT-2025-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 16, 2026 11w ago | DEFA14A | $153.80 $162.48 | ▲ +5.64% | ▲ +2.03% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $174.98 $157.37 | ▼ −10.06% | ▼ −11.95% | — |
US Market Status
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