The cluster is small relative to the fund's top holders (LPL Financial at $593M). Monitor next quarter's 13F for whether these additions were maintained or reversed, and watch for any corporate events that could explain the shared thesis.
Executive Summary
Three asset managers increased their CGMS positions in Q3 2026, adding a net $7.3M in value, while one advisor trimmed a small position. The cluster is one-sided bullish but small in absolute dollar terms, and the 45-day reporting lag means positions may have changed since quarter-end.
Key Financial Metrics
Institutional Positions
Net institutional flow: $7.3M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Truist Financial | ADD | +73.1% | $6.9M | $2.8M |
| Farther Finance Advisors | ADD | +72.3% | $1.5M | $607.0K |
| Concurrent Investment Advisors | ADD | +53.1% | $12.3M | $3.9M |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Prime Capital Investment Advisors | TRIM | -27.1% | $1.9M | -$573.0K |
Key Facts
- Three institutional buyers added $7.3M in net new value during Q3 2026
- Truist Financial increased its stake by 73.1% to $6.9M
- Concurrent Investment Advisors added the largest dollar amount, increasing by $3.9M to $12.3M
- Prime Capital Investment Advisors trimmed 27.1% of its position, reducing by $573K
- No insider buying corroborates the institutional cluster
- 13F data is subject to a 45-day reporting lag
Financial Impact
Net institutional buying of $7.3M across 3 buyers, with one seller reducing by $573K
Risk Factors
- 13F data is stale by 45+ days; positions may have been unwound
- No insider buying to corroborate the signal
- Small dollar amounts relative to top holders suggest limited conviction
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-CGMS-2026-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | Institutional Cluster | $26.41 | awaiting T+60 | awaiting T+60 | No price |
Feb 28, 2026 35w ago | Institutional Cluster | $27.40 $27.53 | ▲ +0.49% | ▼ −8.84% | No price |
US Market Status
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