The cluster is narrow (3 buyers vs 5 sellers) and dominated by a single active manager (Wellington) with passive adds from State Street/Morgan Stanley. The opposite-direction selling by D.E. Shaw and Citadel suggests they disagree with the re-rating thesis. Wait for a subsequent 13F or a material catalyst (earnings, M&A) to determine which side is correct; BUSE's 71% analyst bullishness does not translate into uniform institutional conviction here.
Executive Summary
A mixed institutional cluster for First Busey (BUSE) in Q3 2025 shows Wellington Management nearly doubling its stake (+$81.2M) alongside State Street and Morgan Stanley adding, while five firms—including D.E. Shaw (near-exit) and Citadel (trim)—reduced positions. The net buying of ~$101.5M by three institutions is offset by ~$8.5M in sales across five sellers, signaling divergent conviction among active versus passive funds.
Key Financial Metrics
Institutional Positions
Net institutional flow: $93.0M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Wellington Management Group | DOUBLED | +94.4% | $165.2M | $81.2M |
| State Street | ADD | +28.3% | $76.3M | $17.5M |
| Morgan Stanley | ADD | +25.8% | $13.0M | $2.8M |
▼ Sellers (5)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| D.E. Shaw | NEAR_EXIT | -87.5% | $3.0M | -$2.7M |
| Citadel | TRIM | -54% | $2.0M | -$1.1M |
| UBS AG | TRIM | -37.3% | $4.9M | -$1.8M |
| UBS AM | TRIM | -34.3% | $6.2M | -$2.1M |
| Ameriprise Financial | TRIM | -39.1% | $2.4M | -$907.9K |
Key Facts
- Q3 2025 net institutional direction is mixed: 3 buyers added $101.5M while 5 sellers reduced $8.5M
- Wellington Management nearly doubled its stake to $165.2M (+$81.2M, +94.4% shares), the largest single move
- Two quant funds (D.E. Shaw, Citadel) and two asset managers (UBS AM, Ameriprise) reduced positions meaningfully
- Passive index funds State Street (+$17.5M) and Morgan Stanley (+$2.8M) were the other two buyers
- D.E. Shaw exited 87.5% of its BUSE position, leaving only $387K; Citadel trimmed 54%
Financial Impact
3 institutions accumulated $254.5M in combined holdings (net +$101.5M) while 5 sellers trimmed $8.5M in aggregate — Wellington alone accounts for $81.2M of the buying
Risk Factors
- Quant funds exiting near-fully (D.E. Shaw at -87.5%) could indicate concerns about loan quality or rate sensitivity not captured by consensus EPS estimates
- Wellington's large ADD (+94% in one quarter) creates overhang risk if they reverse next quarter
- 13F data is 45+ days stale — the cluster may have already been unwound
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-BUSE-2025-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | 8-K | $28.95 | awaiting T+60 | — | — |
Sep 16, 2026 5w ago | S-3ASR | $30.15 | awaiting T+60 | — | — |
Jul 31, 2026 12w ago | 8-K | $30.86 $30.38 | ▼ −1.56% | ▼ −4.01% | — |
Jul 28, 2026 12w ago | 8-K | $30.72 $30.63 | ▼ −0.28% | ▼ −5.01% | — |
Jul 14, 2026 14w ago | 8-K | $29.37 $29.22 | ▼ −0.51% | ▼ −3.04% | — |
Jul 14, 2026 14w ago | Press Release | $29.37 $29.22 | ▼ −0.51% | ▼ −3.04% | — |
Jun 11, 2026 19w ago | Institutional Cluster | $28.47 $30.66 | ▲ +7.69% | ▲ +3.30% | — |
Apr 28, 2026 25w ago | Press Release | $25.77 $29.85 | ▼ −15.83% | ▼ −11.72% | — |
Mar 16, 2026 32w ago | Insider Cluster | $24.86 $27.82 | ▲ +11.89% | ▲ +1.41% | — |
US Market Status
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