The heavy selling by Assenagon (78.8% reduction) contrasts with the bullish earnings report 4 days ago — monitor for further institutional exits or a reversal if the Q3 momentum sustains. The small buyer group lacks conviction scale, so the net signal is cautious.
Executive Summary
Crown Holdings (CCK) Q3 2026 institutional cluster shows a mixed signal: four small asset managers added $3.8M in positions, but two sellers — led by Assenagon Asset Management's near-exit of $48.3M — drove a net outflow of $45.7M. The selling dominates in dollar terms and is partially offset by the company's strong Q3 earnings beat and raised guidance filed 4 days ago.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$45.7M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Wealth Enhancement Advisory Services | ADD | +44.7% | $7.7M | $2.2M |
| Nisa Investment Advisors | ADD | +76% | $436.0K | $173.0K |
| Abn Amro Investment Solutions | ADD | +46% | $2.9M | $790.0K |
| Hb Wealth Management | DOUBLED | +190.1% | $1.0M | $626.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | NEAR_EXIT | -78.8% | $60.3M | -$48.3M |
| Assetmark | TRIM | -28.2% | $3.7M | -$1.2M |
Key Facts
- Net institutional activity: 4 buyers added $3.8M, 2 sellers reduced by $49.5M, net outflow of $45.7M
- Assenagon Asset Management nearly exited, selling 78.8% of its stake ($48.3M reduction)
- Hb Wealth Management doubled its position (+190.1%, +$626K)
- Filing follows Q3 2026 earnings beat (EPS $2.39 vs consensus $2.26) and raised full-year guidance to $8.35-$8.45
- All participants are asset managers (no activist or quant funds detected)
Financial Impact
Institutions moved a net $45.7M out of CCK in Q3, with total selling of $49.5M overwhelming buying of $3.8M. The largest seller, Assenagon, reduced its stake by $48.3M.
Risk Factors
- Dominant seller (Assenagon) may have advance knowledge or a bearish thesis not yet public
- 13F data is 45+ days stale; positions may have changed since quarter-end
- All participants are passive/asset managers — no activist or high-conviction fund involvement
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-CCK-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | $116.71 | awaiting T+1 | — | — |
Oct 23, 2026 3d ago | Institutional Cluster | $117.29 $116.71 | ▼ −0.49% | ▼ −1.21% | — |
Oct 19, 2026 7d ago | 8-K | $114.17 $116.22 | ▲ +1.80% | ▲ +1.27% | — |
Oct 19, 2026 7d ago | Press Release | $114.17 $116.22 | ▲ +1.80% | ▲ +1.27% | — |
Sep 22, 2026 4w ago | Press Release | $109.64 | awaiting T+1 | — | — |
Sep 4, 2026 7w ago | 8-K | $113.23 $111.79 | ▼ −1.27% | ▼ −0.81% | — |
Jul 20, 2026 14w ago | Press Release | $117.99 $116.43 | ▼ −1.32% | ▼ −1.21% | — |
Apr 27, 2026 26w ago | 8-K | $100.09 $98.97 | ▼ −1.12% | ▼ −1.11% | — |
Apr 15, 2026 27w ago | 144 | $104.64 $103.98 | ▼ −0.63% | ▼ −0.88% | — |
Apr 8, 2026 28w ago | 144 | $107.14 $107.81 | ▲ +0.63% | ▲ +0.05% | — |
US Market Status
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