The cluster shows no strong directional conviction — active buying by First Trust and Legal & General is offset by meaningful trimming from Citadel and Invesco. The net dollar change is too small to move the stock. Monitor next 13F cycle for follow-through or reversal; the mixed signal suggests no urgent catalyst.
Executive Summary
Three asset managers (Legal & General, First Trust, Lazard) added to CCBG positions in Q3 2024, while Invesco and Citadel trimmed. The net dollar change is modestly positive (+$255K), but the cluster is mixed in conviction — active managers buying is countered by a quant fund and a mega-passive fund reducing. The signal is weak given the small absolute dollar amounts and the lack of a clear shared thesis beyond general value positioning in regional banks.
Key Financial Metrics
Institutional Positions
Net institutional flow: $255.3K
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| First Trust Advisors | ADD | +34.2% | $2.1M | $824.0K |
| Legal & General Group | ADD | +39.3% | $584.0K | $246.0K |
| Lazard Asset Management | ADD | +70.4% | $50.00 | $27.00 |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Citadel | TRIM | -50.8% | $1.5M | -$587.5K |
| Invesco | TRIM | -37.7% | $1.1M | -$257.2K |
Key Facts
- 3 buyers added $1.1M in new holdings; 2 sellers reduced by $845K
- Net aggregate change: +$255K across 5 tracked institutions
- Lazard's position is trivial ($50 current value) — negligible signal
- Citadel's 50.8% trim and Invesco's 37.7% trim suggest reduced conviction from two significant prior holders
- All buyers are asset managers (active/passive blend); no activist or high-alpha hedge fund involvement
Financial Impact
Net institutional buying of approximately $255K in Q3 2024, with total buying of $1.1M and total selling of $845K
Risk Factors
- Citadel and Invesco reductions may indicate broader institutional skepticism about regional bank valuations or earnings outlook
- Low analyst consensus (0% bullish) suggests limited near-term upside catalysts
- Insider selling of $278K in the past 30 days adds a cautionary note
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-CCBG-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | 8-K | $49.41 $51.22 | ▲ +3.66% | ▲ +3.58% | — |
Sep 22, 2026 5w ago | Institutional Cluster | $49.73 $48.84 | ▼ −1.79% | ▼ −0.60% | — |
Jul 27, 2026 13w ago | 8-K | $52.07 $51.87 | ▼ −0.38% | ▼ −1.46% | — |
Jul 21, 2026 14w ago | 8-K | $51.83 $52.07 | ▲ +0.46% | ▲ +1.69% | — |
Jul 21, 2026 14w ago | Press Release | $51.83 $52.07 | ▲ +0.46% | ▲ +1.69% | — |
Jun 11, 2026 19w ago | Institutional Cluster | $47.12 $47.48 | ▲ +0.76% | ▲ +0.09% | — |
May 20, 2026 22w ago | Press Release | $46.40 $45.37 | ▼ −2.23% | ▼ −4.08% | — |
May 15, 2026 23w ago | 8-K | $45.46 $46.41 | ▲ +2.09% | ▲ +1.13% | — |
Apr 20, 2026 27w ago | 8-K | $46.90 $46.57 | ▼ −0.70% | ▼ −1.62% | — |
Apr 20, 2026 27w ago | Press Release | $46.90 $46.57 | ▼ −0.70% | ▼ −1.62% | — |
US Market Status
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