The divergence between active value managers accumulating and quant/passive funds exiting creates a potential catalyst for mean reversion if the active thesis plays out. Monitor next 13F filings to see if the buying cluster persists or if sellers were correct. The 20% historical win rate on prior CCC calls suggests caution — this cluster may take multiple quarters to resolve.
Executive Summary
A mixed institutional cluster in CCC Intelligent Solutions for Q3 2024 shows 16 buyers adding $127.1M in net new holdings (led by Wasatch Advisors, Akre Capital, and Massachusetts Financial Services) while 11 sellers reduced positions by $88.1M (led by Citadel, Invesco, and Wealth Enhancement Advisory). The buying is concentrated among active asset managers with conviction, while the selling is dominated by a quant fund and passive managers, suggesting a potential thesis divergence between active and systematic investors.
Key Financial Metrics
Institutional Positions
Net institutional flow: $39.0M
▲ Buyers (16)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Wasatch Advisors | ADD | +49.1% | $158.4M | $51.5M |
| Akre Capital | ADD | +36.7% | $118.0M | $31.2M |
| Massachusetts Financial Services | ADD | +35.6% | $95.6M | $24.7M |
▼ Sellers (11)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Citadel | NEAR_EXIT | -99.7% | $43.4M | -$43.2M |
| Invesco | NEAR_EXIT | -88.1% | $40.3M | -$35.5M |
| Wealth Enhancement Advisory Services | NEAR_EXIT | -93.4% | $6.6M | -$6.1M |
Key Facts
- 16 institutional buyers added $127.1M in net new holdings, totaling $435.5M in current positions
- 11 institutional sellers reduced holdings by $88.1M, with Citadel exiting 99.7% of its position
- Top buyers: Wasatch Advisors (+$51.5M), Akre Capital (+$31.2M), Massachusetts Financial Services (+$24.7M)
- Top sellers: Citadel (-$43.2M), Invesco (-$35.5M), Wealth Enhancement Advisory (-$6.1M)
- Active managers dominate the buying side; quant and passive funds dominate the selling side
- 13F data is as of September 30, 2024, with a 45-day reporting lag
Financial Impact
Net institutional buying of $39.0M ($127.1M bought vs $88.1M sold) across 27 funds
Risk Factors
- 13F data is 45+ days stale; positions may have already been unwound
- Historical model calls on CCC have been poor (20% win rate, -5.16% avg T+20)
- Quant fund Citadel's near-full exit signals potential fundamental concerns not visible in the cluster data
- Passive selling may reflect index rebalancing rather than fundamental 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-CCC-2024-Q3 |
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
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access