The cluster signals continued institutional distribution, particularly by a large holder (Assenagon) that nearly exited. Monitor for further selling pressure and any earnings or sector catalysts that could reverse the trend. The lack of insider buying weakens the conviction of the small buying cohort.
Executive Summary
Institutional cluster for CAR shows net selling of ~$39.2M in Q2 2026, with 7 sellers reducing positions by $49.7M against 5 buyers adding $10.5M. The largest seller, Assenagon Asset Management, nearly exited a $46M position, while Russell Investments doubled a smaller stake to $7.7M. The bearish tilt is reinforced by the absence of insider buying (confluence score 33/100, institutions only).
Key Financial Metrics
Institutional Positions
Net institutional flow: -$39.2M
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Russell Investments Group | DOUBLED | +2014.5% | $7.7M | $7.3M |
| Walleye Capital | DOUBLED | +159844.4% | $2.1M | $2.1M |
▼ Sellers (7)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | NEAR_EXIT | -88.5% | $46.0M | -$40.7M |
| Bank Of New York Mellon | TRIM | -27.2% | $20.6M | -$5.4M |
Key Facts
- 7 institutional sellers reduced holdings by $49.7M; 5 buyers added $10.5M (net outflow ~$39.2M)
- Assenagon Asset Management nearly exited, cutting 88.5% of its position (value dropped from $46.0M to $5.4M)
- Russell Investments Group doubled its stake to $7.7M (largest buyer by value)
- No open-market insider buying detected in the window; cluster is institutions-only
- Historical calibration suggests over-scoring risk for bullish calls on CAR (38% win rate at T+20)
Financial Impact
Net institutional outflow of approximately $39.2M in Q2 2026, representing ~0.8% of CAR's $5.0B market cap
Risk Factors
- Further institutional selling could pressure the stock
- 13F data is 45+ days stale; positions may have already been adjusted
- Historical long calls on CAR have underperformed (38% win rate at T+20)
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-CAR-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 9, 2026 7w ago | Institutional Cluster | $138.61 $133.84 | ▲ +3.44% | ▲ +2.53% | — |
Jul 13, 2026 11w ago | Press Release | $159.78 $140.66 | ▲ +11.97% | ▲ +14.46% | — |
Jun 22, 2026 14w ago | 8-K | $190.46 $159.52 | ▼ −16.24% | ▼ −17.40% | — |
May 29, 2026 17w ago | 8-K | $169.36 $147.83 | ▼ −12.71% | ▼ −11.41% | — |
Apr 23, 2026 23w ago | Insider Cluster | $229.14 $152.80 | ▼ −33.32% | ▼ −37.95% | — |
Apr 22, 2026 23w ago | Press Release | $229.14 $152.80 | ▼ −33.32% | ▼ −37.95% | — |
Mar 27, 2026 26w ago | 424B5 | $135.56 $182.01 | ▼ −34.27% | ▼ −21.67% | — |
Mar 27, 2026 26w ago | S-3ASR | $135.56 $182.01 | ▲ +34.27% | ▲ +21.67% | — |
Feb 20, 2026 32w ago | Insider Cluster | $96.47 $99.90 | ▲ +3.56% | ▲ +9.51% | — |
Feb 20, 2026 32w ago | Insider Cluster | $96.47 $99.90 | ▲ +3.56% | ▲ +9.51% | — |
US Market Status
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