The near-complete exit by a large holder (Fort Washington) alongside a new large entry (Assenagon) suggests a rotation of institutional conviction rather than a consensus thesis. Monitor upcoming 13F filings for follow-through or reversal of these positions.
Executive Summary
Four asset managers accumulated $22.4M in CHEMED CORP during Q3 2026, led by a new $21.9M position from Assenagon Asset Management. This was nearly offset by Fort Washington Investment Advisors exiting a $23.1M position, reducing its stake by 97.6%. The cluster shows mixed institutional conviction with a net bullish tilt from the new buyer's scale.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$700.0K
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | NEW | +0% | $21.9M | $21.9M |
| Farther Finance Advisors | ADD | +25.9% | $587.0K | $157.0K |
| Assetmark | DOUBLED | +107.1% | $29.0K | $16.0K |
| Hb Wealth Management | ADD | +54.4% | $907.0K | $365.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Fort Washington Investment Advisors | NEAR_EXIT | -97.6% | $23.8M | -$23.1M |
Key Facts
- Assenagon Asset Management initiated a new $21.9M position (43.3K shares)
- Fort Washington Investment Advisors nearly exited, selling $23.1M (97.6% of its prior stake)
- Three other asset managers added or doubled smaller positions totaling ~$538K
- Net aggregate institutional activity was essentially flat (+$22.4M buying vs -$23.1M selling)
Financial Impact
4 institutions accumulated $22.4M in new positions while 1 institution reduced holdings by $23.1M, resulting in a net change of approximately -$0.7M
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Single large seller nearly offsets all new buying, indicating mixed institutional sentiment
- All participants are asset managers, not activist or event-driven funds, reducing signal intensity
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-CHE-2026-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | Institutional Cluster | $508.78 | awaiting T+60 | awaiting T+60 | No price |
Oct 27, 2026 today | 8-K | $508.78 | awaiting T+60 | awaiting T+60 | No price |
Oct 27, 2026 today | Press Release | $508.78 | awaiting T+60 | awaiting T+60 | No price |
Oct 23, 2026 4d ago | Institutional Cluster | $512.98 | awaiting T+60 | awaiting T+60 | No price |
Oct 1, 2026 26d ago | Press Release | $502.90 | awaiting T+60 | awaiting T+60 | No price |
Sep 16, 2026 5w ago | Press Release | $505.97 | awaiting T+60 | awaiting T+60 | No price |
Aug 24, 2026 9w ago | Insider Cluster | $541.34 | awaiting T+60 | awaiting T+60 | No price |
Aug 4, 2026 12w ago | Insider Cluster | $539.72 | awaiting T+60 | awaiting T+60 | No price |
Aug 4, 2026 12w ago | Insider Cluster | $539.72 | awaiting T+60 | awaiting T+60 | No price |
Jul 28, 2026 13w ago | Press Release | $539.36 $520.15 | ▼ −3.56% | ▼ −8.29% | No price |
US Market Status
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