The 3:1 seller-to-buyer ratio and Wasatch's massive trim suggest institutional confidence is eroding. Monitor for further 13F selling in Q3 and any insider buying as a potential contrarian signal. The stock's 75% analyst bullish rating may provide a floor, but the institutional exodus warrants caution.
Executive Summary
A bearish institutional cluster formed in CCC during Q2 2026, with 17 sellers reducing holdings by ~$99.9M versus 6 buyers adding $38.5M. The selling was dominated by Wasatch Advisors, which trimmed its position by $89.2M (44.9% of its stake), while the buying was spread across smaller asset managers. This divergence follows a solid but decelerating Q2 earnings report (revenue +9.8% YoY, in-line EPS) and suggests institutional conviction is weakening despite the company's raised full-year guidance.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$61.4M
▲ Buyers (6)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Fort Washington Investment Advisors | ADD | +97.9% | $35.5M | $14.7M |
| Deutsche Bank | ADD | +65.9% | $39.8M | $11.9M |
| First Trust Advisors | ADD | +97% | $17.6M | $7.2M |
| Victory Capital Management | DOUBLED | +1013.2% | $3.7M | $3.4M |
▼ Sellers (17)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Wasatch Advisors | TRIM | -44.9% | $169.4M | -$89.2M |
| Envestnet Asset Management | TRIM | -32.3% | $17.4M | -$7.3M |
| State Of New Jersey Common Pension Fund D | TRIM | -43.2% | $2.6M | -$1.3M |
Key Facts
- 17 institutional sellers reduced CCC holdings by ~$99.9M in Q2 2026 vs 6 buyers adding $38.5M
- Wasatch Advisors alone trimmed $89.2M (44.9% of its stake), accounting for 89% of total selling
- Deutsche Bank and Fort Washington were the largest buyers, adding $11.9M and $14.7M respectively
- No open-market insider buying was detected in the window, weakening the bullish case
- Q2 2026 earnings showed decelerating revenue growth (9.8% vs 12% in Q1) with in-line EPS
Financial Impact
Net institutional selling of ~$61.4M (17 sellers reducing by $99.9M, 6 buyers adding $38.5M)
Risk Factors
- Decelerating revenue growth may continue to pressure the stock
- Wasatch's large trim could signal a fundamental thesis break
- No insider buying to corroborate the institutional selling as overdone
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-CCC-2026-Q2 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 13, 2026 7w ago | Institutional Cluster | $7.12 $6.89 | ▲ +3.23% | ▲ +1.48% | — |
Jul 30, 2026 9w ago | 8-K | $6.06 $7.60 | ▲ +25.41% | ▲ +21.45% | — |
Jun 12, 2026 16w ago | Institutional Cluster | $4.60 $5.92 | ▲ +28.70% | ▲ +26.92% | — |
Apr 9, 2026 25w ago | Press Release | $5.33 $5.12 | ▼ −3.94% | ▼ −11.51% | — |
Apr 7, 2026 25w ago | DEFA14A | $5.96 $5.34 | ▼ −10.40% | ▼ −20.18% | — |
Feb 24, 2026 31w ago | 8-K | $6.34 $5.97 | ▼ −5.84% | ▼ −0.60% | — |
US Market Status
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