The cluster points to broad accumulation but with significant passive/index-driven buying that may not reflect active conviction. No near-term catalyst is apparent from this cluster alone.
Executive Summary
8 institutional buyers accumulated $14.9M in CCB (net +$9.4M) during Q3 2024, led by Schwab and Invesco doubling their positions. The sole seller, First Trust Advisors, near-exited a $1.6M position. While the cluster signals net accumulation, the dominance of passive funds and the 6-month-old data temper the bullish signal, especially given CCB's poor historical price performance.
Key Financial Metrics
Institutional Positions
Net institutional flow: $8.2M
▲ Buyers (8)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Schwab | DOUBLED | +188.4% | $5.0M | $3.5M |
| Invesco | DOUBLED | +179.5% | $4.7M | $3.3M |
| Tudor Investment Corp Et Al | DOUBLED | +105.1% | $2.3M | $1.4M |
| Citadel | ADD | +76.2% | $1.9M | $1.0M |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| First Trust Advisors | NEAR_EXIT | -76.9% | $1.6M | -$1.2M |
Key Facts
- 8 buyers vs 1 seller in Q3 2024
- Total buyer holdings: $14.9M, net change +$9.4M
- Schwab doubled position to $5.0M (Δ+$3.5M); Invesco doubled to $4.7M (Δ+$3.3M)
- Citadel added 76.2% to $1.9M; Tudor Investment Corp doubled to $2.3M
- First Trust Advisors cut 76.9% of its CCB stake, selling $1.6M down to $440K
- Data is from Q3 2024 filing (45-day reporting lag) — positions may have changed
Financial Impact
Net institutional buying of ~$8.2M (buyers added $9.4M, seller reduced by $1.2M). Two passive funds (Schwab, Invesco) contributed $6.8M of the buying.
Risk Factors
- Data is from Q3 2024 — positions may have been partially or fully exited since
- Two largest buyers are passive managers, diluting the active signal
- No clear catalyst or earnings context to support the thesis
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-CCB-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $44.90 | awaiting T+20 | — | — |
Sep 28, 2026 28d ago | 8-K | $37.55 $45.08 | ▲ +20.07% | ▲ +20.10% | — |
Aug 26, 2026 8w ago | 3 | $46.74 $43.62 | ▼ −6.68% | ▼ −6.17% | — |
Aug 7, 2026 11w ago | Insider Cluster | $48.61 $49.47 | ▲ +1.77% | ▲ +2.68% | — |
Jul 30, 2026 12w ago | 8-K | $39.91 $46.74 | ▼ −17.11% | ▼ −13.15% | — |
Jul 30, 2026 12w ago | 8-K | $39.91 $46.74 | ▼ −17.11% | ▼ −13.15% | — |
Jul 23, 2026 13w ago | Press Release | $72.19 | awaiting T+20 | — | — |
Jul 22, 2026 13w ago | Press Release | $71.41 $46.06 | ▼ −35.51% | ▼ −38.81% | — |
Jun 11, 2026 19w ago | Institutional Cluster | $73.53 $78.47 | ▲ +6.72% | ▲ +4.94% | — |
May 1, 2026 25w ago | Insider Cluster | $76.39 $71.34 | ▼ −6.61% | ▼ −11.90% | — |
US Market Status
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