The cluster is dominated by small trims from regional asset managers, not conviction-driven exits. The two buyers are tiny (<$1M combined) and likely not trend-setting. Monitor next quarter's 13F for larger institutional moves if Conagra's back-half guidance ramp materializes or fails.
Executive Summary
A mixed institutional cluster in Conagra Brands for Q3 2026 shows two small asset managers doubling or adding positions (net +$654K) while four larger asset managers trimmed holdings (net -$1.6M), resulting in a net selling bias. The cluster follows Conagra's Q1 FY2027 earnings report (23 days prior) which featured an adjusted EPS beat but continued organic sales decline and reaffirmed weak guidance, likely explaining the cautious trimming by most institutions.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$946.0K
▲ Buyers (2)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Farther Finance Advisors | DOUBLED | +131.9% | $751.0K | $426.0K |
| Hb Wealth Management | ADD | +58.7% | $666.0K | $228.0K |
▼ Sellers (4)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | TRIM | -63.8% | $1.4M | -$915.0K |
| Nisa Investment Advisors | TRIM | -40.9% | $919.0K | -$376.0K |
| Pensiondanmark Pensionsforsikringsaktieselskab | TRIM | -28.9% | $814.0K | -$236.0K |
| Davenport & Co | TRIM | -34.5% | $331.0K | -$114.0K |
Key Facts
- 2 buyers (Farther Finance Advisors, Hb Wealth Management) accumulated $654K in new value
- 4 sellers (Davenport & Co, Assenagon, Pensiondanmark, Nisa) reduced holdings by $1.6M
- Net institutional flow was negative (-$946K) with more sellers than buyers
- All participants are asset managers — no activist, hedge fund, or family office involvement
- Cluster follows Q1 FY2027 earnings: adjusted EPS beat by 19.2% but organic sales declined 1.1% YoY
Financial Impact
2 institutions accumulated $654K in new positions while 4 reduced holdings by $1.6M, for a net institutional outflow of approximately $946K
Risk Factors
- 13F data is 45+ days stale — positions may have already been adjusted
- All participants are small asset managers (<$2M each); no large institutional signal
- Net selling bias aligns with Conagra's ongoing organic sales decline and weak FY2027 guidance
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-CAG-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | Institutional Cluster | $14.86 | awaiting T+60 | — | — |
Sep 30, 2026 27d ago | 8-K | $13.44 | awaiting T+60 | — | — |
Sep 30, 2026 27d ago | Press Release | $13.44 | awaiting T+60 | — | — |
Sep 24, 2026 4w ago | Press Release | $14.67 | awaiting T+60 | — | — |
Aug 11, 2026 11w ago | DEFA14A | $14.93 | awaiting T+60 | — | — |
Aug 7, 2026 11w ago | Institutional Cluster | $15.10 | awaiting T+60 | — | — |
Jul 28, 2026 13w ago | 8-K | $15.43 $14.04 | ▼ −9.01% | ▼ −13.36% | — |
Jul 28, 2026 13w ago | 8-K | $15.43 $14.04 | ▼ −9.01% | ▼ −13.36% | — |
Jul 21, 2026 14w ago | Insider Buy | $14.83 $14.18 | ▼ −4.38% | ▼ −7.64% | — |
Jul 21, 2026 14w ago | 424B5 | $14.85 $13.70 | ▲ +7.74% | ▲ +11.72% | — |
US Market Status
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