The Vaughan Nelson add is the dominant signal — a 48.5% increase to a $71M position by an active manager. However, the 45-day 13F lag means this buying occurred in Q2 2026 and may have been partially reversed. Monitor for any subsequent insider buying (currently absent) and the next 10-Q for updated institutional holdings.
Executive Summary
Three asset managers added to their CFR positions in Q2 2026, led by Vaughan Nelson Investment Management increasing its stake by 48.5% to $71.1M. The aggregate buying of $28.7M far outweighs a single small trim by Private Advisor Group ($220K sold). This is a clear institutional accumulation signal, though the 45-day 13F reporting lag means the cluster may have been partially unwound since quarter-end.
Key Financial Metrics
Institutional Positions
Net institutional flow: $28.5M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Vaughan Nelson Investment Management | ADD | +48.5% | $71.1M | $28.7M |
| Exchange Traded Concepts | ADD | +35.1% | $16.0K | $6.0K |
| Td Waterhouse Canada | ADD | +37.6% | $191.0K | $68.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Private Advisor Group | TRIM | -55.2% | $446.0K | -$220.5K |
Key Facts
- Vaughan Nelson Investment Management added 150.5K shares (+48.5%), increasing its position value from $42.5M to $71.1M
- Two other asset managers (Exchange Traded Concepts, Td Waterhouse Canada) made small adds totaling ~$74K
- Only one seller: Private Advisor Group trimmed 55.2% of its position, selling ~$221K worth
- Net institutional buying of $28.7M vs. selling of $220K — a strongly lopsided accumulation pattern
- No insider open-market buying corroborates the cluster (confluence score 8/100, divergent)
Financial Impact
3 institutions accumulated $28.7M in new CFR shares while 1 reduced holdings by $220K — net institutional buying of approximately $28.5M
Risk Factors
- 13F data is 45+ days stale — the cluster may have been partially or fully unwound since quarter-end
- No insider buying to corroborate the institutional signal
- Only one large buyer (Vaughan Nelson) drives the aggregate; the other two adds are negligible in dollar terms
- The single seller (Private Advisor Group) trimmed aggressively at -55%, a potential contrarian warning
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-CFR-2026-Q2 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 17, 2026 10w ago | 8-K | $168.07 $164.39 | ▼ −2.19% | ▼ −1.00% | — |
Jul 30, 2026 12w ago | Press Release | $163.49 $164.76 | ▲ +0.78% | ▼ −2.85% | — |
Jul 28, 2026 13w ago | Institutional Cluster | $167.06 $168.94 | ▲ +1.13% | ▼ −1.14% | — |
Jul 9, 2026 15w ago | Press Release | $156.86 $163.52 | ▲ +4.25% | ▲ +4.81% | — |
Jun 15, 2026 19w ago | Institutional Cluster | $145.04 $149.39 | ▲ +3.00% | ▲ +4.38% | — |
Apr 30, 2026 25w ago | 8-K | $17.11 $17.11 | ▲ +0.00% | ▼ −1.73% | — |
Mar 20, 2026 31w ago | DEFA14A | $131.56 $133.64 | ▲ +1.58% | ▲ +3.73% | — |
US Market Status
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