The cluster is dominated by active asset managers (Deutsche Bank, Susquehanna) and a mega-passive fund (Fidelity), suggesting both fundamental conviction and index-driven demand. The heavy selling by quant funds (RenTech, Point72, Millennium) creates a contrarian tension — monitor upcoming earnings for catalyst validation or reversal of the quant exits.
Executive Summary
A strong institutional accumulation cluster formed in CEVA during Q2 2026, with 23 buyers adding $39.3M in net new positions versus 11 sellers trimming only $2.8M. The buying was led by Deutsche Bank ($23.3M added), Susquehanna ($9.3M added), and Fidelity ($2.6M added), while notable sellers included quant funds RenTech, Point72, and Millennium trimming positions. The cluster suggests a shared thesis around CEVA's intellectual property licensing model and potential catalysts in the semiconductor IP space, though the 45-day reporting lag means positions may have already been adjusted.
Key Financial Metrics
Institutional Positions
Net institutional flow: $36.5M
▲ Buyers (23)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Deutsche Bank | ADD | +26.5% | $33.9M | $23.3M |
| Susquehanna International Group | DOUBLED | +610.5% | $9.9M | $9.3M |
| Fidelity | DOUBLED | +371.4% | $2.9M | $2.6M |
| Td Asset Management | ADD | +45.7% | $1.5M | $1.1M |
| Citigroup | DOUBLED | +129.9% | $1.0M | $834.0K |
▼ Sellers (11)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Point72 | TRIM | -58.5% | $11.3M | -$656.0K |
| Millennium | TRIM | -65.8% | $4.8M | -$656.0K |
| RenTech | TRIM | -71.5% | $1.6M | -$446.0K |
| JPMorgan | TRIM | -68.3% | $2.0M | -$415.0K |
| Marshall Wace | TRIM | -53.7% | $1.7M | $279.0K |
Key Facts
- 23 institutional buyers added $39.3M in net new CEVA positions during Q2 2026
- 11 institutional sellers trimmed only $2.8M in net reductions
- Deutsche Bank was the largest buyer, adding $23.3M (26.5% increase to $33.9M)
- Susquehanna International Group doubled its position by $9.3M (610.5% increase)
- Fidelity doubled its position by $2.6M (371.4% increase)
- Notable sellers: Point72 trimmed 58.5% of its position, RenTech trimmed 71.5%, Millennium trimmed 65.8%
- Total buyer holdings reached $51.7M vs seller holdings of $1.6M (post-trim)
- Net conviction is bullish with a 2.1:1 buyer-to-seller ratio by count
Financial Impact
23 institutions accumulated $39.3M in new CEVA positions while 11 institutions reduced holdings by $2.8M, resulting in a net institutional inflow of approximately $36.5M during Q2 2026
Risk Factors
- 13F data has a 45-day reporting lag; positions may have been adjusted since quarter-end
- Quant fund selling (RenTech, Point72, Millennium) suggests some sophisticated capital is reducing exposure
- CEVA's small market cap makes it susceptible to sharp reversals if the accumulation thesis doesn't materialize
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-CEVA-2026-Q2 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 13d ago | Press Release | $29.23 | awaiting T+5 | — | — |
Sep 22, 2026 4w ago | Institutional Cluster | $33.36 $34.48 | ▲ +3.36% | ▲ +4.54% | — |
Aug 10, 2026 11w ago | 8-K | $31.92 $32.71 | ▲ +2.47% | ▲ +2.52% | — |
Aug 10, 2026 11w ago | Press Release | $31.92 $32.71 | ▲ +2.47% | ▲ +2.52% | — |
May 26, 2026 22w ago | DEFA14A | $41.79 $44.71 | ▲ +6.99% | ▲ +5.90% | — |
Apr 20, 2026 27w ago | DEFA14A | $24.67 $24.84 | ▲ +0.69% | ▼ −0.39% | — |
Apr 20, 2026 27w ago | 8-K | $24.67 $24.84 | ▲ +0.69% | ▼ −0.39% | — |
US Market Status
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