The cluster is small in absolute dollar terms relative to BTSG's market cap, and the 45-day reporting lag means positions may have shifted since quarter-end. Monitor next 13F for continuation or reversal of this buying pattern, and cross-reference with any insider transactions or earnings catalysts.
Executive Summary
Three asset managers added to BrightSpring Health Services positions in Q3 2026, led by Td Waterhouse Canada increasing its stake by $1.3M to $23.3M. One small advisor trimmed, but the net institutional flow was positive at $1.0M. The cluster is modest in scale and dominated by active managers, suggesting a shared thesis around the company's operational trajectory, though the 45-day reporting lag and small absolute dollar amounts limit conviction.
Key Financial Metrics
Institutional Positions
Net institutional flow: $1.0M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Td Waterhouse Canada | ADD | +28.9% | $23.3M | $1.3M |
| Assenagon Asset Management | ADD | +28.4% | $456.0K | $20.0K |
| Nisa Investment Advisors | ADD | +25.7% | $342.0K | $8.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Farther Finance Advisors | TRIM | -47.5% | $487.0K | -$279.0K |
Key Facts
- 3 institutions added positions totaling $1.3M in net new value; 1 seller trimmed $279K
- Td Waterhouse Canada was the largest buyer, increasing its stake by 28.9% to $23.3M
- Net aggregate institutional position change was +$1.0M (buyers $24.1M vs sellers $208K)
- All three buyers are active asset managers, not passive/index funds
Financial Impact
3 institutions accumulated $1.3M in new positions while 1 reduced holdings by $279K, net institutional inflow of approximately $1.0M
Risk Factors
- 13F data is 45+ days stale; cluster may have been unwound
- Small absolute dollar amounts ($1.0M net) limit signal strength
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-BTSG-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | Institutional Cluster | $62.36 $60.86 | ▼ −2.41% | ▼ −1.22% | — |
Oct 1, 2026 26d ago | Press Release | $57.26 | awaiting T+1 | — | — |
Aug 6, 2026 11w ago | Institutional Cluster | $60.60 $62.43 | ▲ +3.02% | ▲ +2.41% | — |
Jul 31, 2026 12w ago | 8-K | $59.71 $60.47 | ▲ +1.26% | ▼ −0.16% | — |
Jul 31, 2026 12w ago | Press Release | $59.71 $60.47 | ▲ +1.26% | ▼ −0.16% | — |
Jul 8, 2026 15w ago | Press Release | $71.58 $71.43 | ▼ −0.21% | ▼ −0.64% | — |
Jun 11, 2026 19w ago | Institutional Cluster | $63.08 $63.23 | ▲ +0.24% | ▼ −0.30% | — |
Jun 5, 2026 20w ago | Insider Cluster | $59.22 $61.00 | ▼ −3.01% | ▼ −3.30% | — |
Jun 5, 2026 20w ago | Insider Cluster | $59.22 $61.00 | ▲ +3.01% | ▲ +3.30% | — |
Jun 5, 2026 20w ago | Insider Cluster | $59.22 $61.00 | ▼ −3.01% | ▼ −3.30% | — |
US Market Status
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