The cluster reveals significant divergence: a sovereign wealth fund's full exit contrasts with passive fund accumulation. Monitor for any catalyst (earnings, guidance, or strategic changes) that could explain the Norges Bank exit. The lack of insider buying (confluence score 37/100, institutions only) reduces conviction in the bullish side. Traders should watch for follow-through selling from other large holders.
Executive Summary
Institutional cluster for Cabot Corp (CBT) shows a mixed picture with 18 buyers and 16 sellers in Q1 2026. The largest move is Norges Bank's complete exit of a $49.7M position, while passive funds Fidelity and Invesco added significantly. Net institutional flow is modestly positive at ~$15.8M, but the divergence between sovereign selling and passive buying suggests no clear consensus.
Key Financial Metrics
Institutional Positions
Net institutional flow: $15.8M
▲ Buyers (18)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Fidelity | ADD | +41.2% | $102.7M | $38.7M |
| Franklin Resources | DOUBLED | +872.8% | $11.0M | $10.0M |
| Invesco | ADD | +31.8% | $48.2M | $16.0M |
| First Trust Advisors | ADD | +58% | $11.2M | $5.0M |
| Caisse De Depot Et Placement D | ADD | +28.3% | $16.0M | $5.0M |
▼ Sellers (16)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Norges Bank | EXIT | -100% | $49.7M | -$49.7M |
| Marshall Wace | NEAR_EXIT | -83.9% | $2.0M | -$1.7M |
| Allianz Asset Management | TRIM | -51.1% | $6.3M | -$2.8M |
| Healthcare Of Ontario Pension | TRIM | -67.5% | $8.8M | -$5.5M |
Key Facts
- Norges Bank exited its entire 749.3K share position worth $49.7M
- Fidelity added 398K shares (+41.2%), increasing its stake to $102.7M
- Franklin Resources doubled its position (+872.8%) to $11.0M
- 16 sellers reduced holdings by a net $64.3M, led by Norges Bank, Healthcare of Ontario Pension, and Allianz
- 18 buyers added a net $80.1M, led by Fidelity, Invesco, and Franklin Resources
Financial Impact
Net institutional buying of ~$15.8M (0.34% of market cap) with $197.5M in buyer holdings and $64.3M in seller reductions
Risk Factors
- Norges Bank exit may signal fundamental concerns or ESG-driven divestment
- Passive buying may not reflect active conviction, leaving the stock vulnerable to further selling
- 13F data is 45+ days old; positions may have already been adjusted
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-CBT-2026-Q1 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | Press Release | $75.15 | awaiting T+60 | — | — |
Oct 7, 2026 19d ago | 3 | $75.61 | awaiting T+60 | — | — |
Aug 3, 2026 12w ago | Press Release | $81.96 | awaiting T+60 | — | — |
Jul 30, 2026 12w ago | 8-K | $88.23 $73.79 | ▼ −16.37% | ▼ −18.83% | — |
Jul 9, 2026 15w ago | Press Release | $87.32 | awaiting T+60 | — | — |
Jun 18, 2026 18w ago | Institutional Cluster | $91.80 $80.76 | ▼ −12.03% | ▼ −13.92% | — |
May 14, 2026 23w ago | 8-K | $82.09 $86.45 | ▲ +5.31% | ▲ +1.72% | — |
May 5, 2026 24w ago | 8-K | $82.41 $88.02 | ▲ +6.81% | ▲ +4.75% | — |
May 5, 2026 24w ago | Press Release | $82.41 $88.02 | ▼ −6.81% | ▼ −4.75% | — |
Apr 9, 2026 28w ago | Press Release | $74.68 $87.60 | ▲ +17.30% | ▲ +6.52% | — |
US Market Status
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