The cluster is dominated by a single fund's massive position increase, not a broad consensus. Monitor upcoming 13F filings for Q4 2026 to see if Davenport & Co maintained or reduced this stake, and watch for any insider trading activity (Form 4) that could corroborate the thesis.
Executive Summary
A small institutional cluster in Cameco Corp (CCJ) shows 4 asset managers accumulating $46.2M net in Q3 2026, led by Davenport & Co which more than doubled its position to $46.2M, while 2 sellers trimmed a combined $601K.
Key Financial Metrics
Institutional Positions
Net institutional flow: $45.6M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Wealth Enhancement Advisory Services | DOUBLED | +386.2% | $1.4M | $143.0K |
| Davenport & Co | DOUBLED | +3778.9% | $46.2M | $44.8M |
| Concurrent Investment Advisors | DOUBLED | +483% | $1.5M | $1.2M |
| Prime Capital Investment Advisors | ADD | +41.8% | $288.0K | $49.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Farther Finance Advisors | TRIM | -36.3% | $1.0M | -$468.0K |
| Assetmark | TRIM | -45.7% | $249.0K | -$134.0K |
Key Facts
- 4 buyers added $46.2M net, 2 sellers trimmed $601K
- Davenport & Co increased holdings by 3,779% to $46.2M, accounting for 93% of total buying value
- All participants are asset managers, not activist or event-driven funds
Financial Impact
Net institutional accumulation of approximately $45.6M (buyers added $46.2M, sellers reduced $601K) in Q3 2026, concentrated in one large position by Davenport & Co.
Risk Factors
- 13F data is 45+ days stale; positions may have already been reversed
- Cluster is small in absolute dollar terms and lacks activist or event-driven fund participation
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-CCJ-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | Institutional Cluster | $78.93 | awaiting T+5 | — | — |
Oct 12, 2026 15d ago | Institutional Cluster | $86.12 $80.70 | ▼ −6.29% | ▼ −4.80% | — |
Oct 1, 2026 26d ago | 6-K | $85.69 $87.12 | ▲ +1.67% | ▲ +0.37% | — |
Jul 31, 2026 12w ago | 6-K | $86.38 $97.39 | ▲ +12.75% | ▲ +9.23% | — |
Jul 15, 2026 14w ago | 6-K | $90.98 $90.37 | ▼ −0.67% | ▲ +0.31% | — |
Jul 6, 2026 16w ago | 6-K | $97.50 $95.99 | ▼ −1.55% | ▼ −2.04% | — |
Jul 2, 2026 16w ago | 6-K | $96.54 $95.74 | ▲ +0.83% | ▲ +1.76% | — |
Jun 1, 2026 21w ago | 6-K | $120.51 $102.27 | ▼ −15.14% | ▼ −12.17% | — |
May 28, 2026 21w ago | 6-K | $110.63 $114.56 | ▲ +3.55% | ▲ +3.60% | — |
May 11, 2026 24w ago | 6-K | $120.14 $105.14 | ▲ +12.49% | ▲ +12.40% | — |
US Market Status
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