The cluster is dominated by one large trim from Assenagon, which outweighs three small adds. With 13F data 45+ days stale, the selling may have already been absorbed. Monitor next 13F for follow-through selling or reversal.
Executive Summary
Three asset managers added to their BRO positions in Q3 2026, with Ifm Investors leading at +$987K, while Assenagon Asset Management trimmed nearly half its stake, exiting $9.3M. The net institutional flow is mixed — small accumulators vs one large seller — suggesting no strong consensus thesis.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$7.9M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Farther Finance Advisors | ADD | +30.9% | $212.0K | $42.0K |
| Ifm Investors Pty | ADD | +40.2% | $4.0M | $987.0K |
| Mather Group | ADD | +80.4% | $850.0K | $353.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | TRIM | -47.8% | $18.5M | -$9.3M |
Key Facts
- 3 buyers added $1.4M in aggregate; 1 seller reduced by $9.3M
- Largest buyer: Ifm Investors Pty added +40.2% (18.7K shares, +$987K)
- Largest seller: Assenagon Asset Management trimmed -47.8% (138.1K shares, -$9.3M)
- All participants are asset managers — no activist, quant, or family office presence
Financial Impact
Net institutional outflow of $7.9M (buyers added $1.4M, seller removed $9.3M)
Risk Factors
- 13F data is stale by 45+ days; positions may have already been unwound
- Small buyer count (3) and modest dollar adds limit signal strength
- No insider buying corroboration provided
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-BRO-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 8-K | $70.53 | awaiting T+1 | — | — |
Oct 26, 2026 1d ago | Press Release | $71.03 | awaiting T+1 | — | — |
Oct 22, 2026 5d ago | 8-K | $72.97 $71.08 | ▼ −2.59% | ▼ −3.30% | — |
Oct 21, 2026 6d ago | Press Release | $74.49 $72.97 | ▼ −2.04% | ▼ −1.52% | — |
Oct 15, 2026 12d ago | Institutional Cluster | $67.98 $69.40 | ▲ +2.09% | ▲ +3.20% | — |
Oct 12, 2026 15d ago | ANALYST-UPGRADE | $63.65 $64.05 | ▲ +0.63% | ▲ +0.64% | — |
Oct 1, 2026 26d ago | Press Release | $61.80 $59.91 | ▼ −3.05% | ▼ −3.79% | — |
Sep 9, 2026 6w ago | 8-K | $66.33 $66.19 | ▼ −0.21% | ▼ −1.06% | — |
Aug 21, 2026 9w ago | Institutional Cluster | $72.92 $74.62 | ▲ +2.33% | ▲ +2.63% | — |
Aug 10, 2026 11w ago | 8-K | $71.60 $71.44 | ▼ −0.22% | ▲ +0.10% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers