The cluster is small and directionally mixed — no actionable signal for traders. Monitor next 13F cycle for any escalation in conviction or a shift to a single-direction cluster.
Executive Summary
Three asset managers added positions in BSCY (Invesco Exch Trd Slf Idx Fd) during 2026-Q2, totaling $1.9M in net buying, while two advisors trimmed $1.85M. The cluster is small in absolute dollar terms and dominated by passive/index-oriented managers, with no insider buying corroboration. The net direction is mixed, and the signal is weak — likely reflecting routine portfolio rebalancing rather than a shared catalyst thesis.
Key Financial Metrics
Institutional Positions
Net institutional flow: $55.0K
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Wealth Enhancement Advisory Services | ADD | +80.3% | $475.0K | $209.0K |
| Truist Financial | ADD | +51% | $2.9M | $993.0K |
| Envestnet Asset Management | ADD | +25.2% | $3.4M | $680.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Sequoia Financial Advisors | TRIM | -31.1% | $491.0K | -$153.1K |
| Atria Investments | TRIM | -61% | $2.8M | -$1.7M |
Key Facts
- 3 buyers added $1.9M in aggregate (Truist Financial +$993K, Envestnet +$680K, Wealth Enhancement +$209K)
- 2 sellers trimmed $1.85M (Atria Investments -$1.7M, Sequoia Financial -$153K)
- Net cluster value change is approximately flat (+$55K)
- All participants are asset managers, not activist or event-driven funds
- No insider open-market buying in the window (confluence score 19/100 — institutions only)
Financial Impact
3 institutions added $1.9M in new holdings while 2 trimmed $1.85M, resulting in a net increase of approximately $55K across the cluster
Risk Factors
- 13F data is 45+ days stale; positions may have already been reversed
- All participants are passive/asset-manager types — low signal-to-noise ratio
- Net dollar change is negligible relative to the fund's likely AUM
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-BSCY-2026-Q2 |
US Market Status
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