The sell-heavy Q3 cluster is at odds with 83% analyst bullishness. Monitor upcoming Q4 2024 earnings and any operational update for reconciliation.
Executive Summary
A mixed institutional cluster in CHRD for 2024-Q3 shows 24 buyers adding $89.2M in net new positions (led by Point72, Victory Capital Management) and 26 sellers trimming $155.0M (led by Schwab, Citadel, Janus Henderson). The aggregate divergence suggests fundamental disagreement: lower oil prices and E&P sector rotation drove profit-taking by quant and passive funds, while active asset managers added on relative valuation dip.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$65.8M
▲ Buyers (24)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Point72 | DOUBLED | +143.8% | $114.7M | $54.1M |
| Victory Capital Management | ADD | +41.3% | $292.4M | $26.0M |
| First Trust Advisors | ADD | +43% | $41.0M | $4.1M |
▼ Sellers (26)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Schwab | TRIM | -28.9% | $108.0M | -$48.4M |
| Citadel | TRIM | -50.5% | $74.1M | -$45.6M |
| Janus Henderson Group | TRIM | -34.9% | $73.9M | -$36.6M |
Key Facts
- 24 institutional buyers added a net $89.2M to CHRD positions, led by Point72 doubling its stake (+$54.1M) and Victory Capital Management adding $26.0M.
- 26 institutional sellers reduced positions by a total of $155.0M, with Schwab trimming $48.4M, Citadel trimming $45.6M, and Janus Henderson trimming $36.6M.
- Net institutional flow was negative: total selling value ($155.0M) exceeded total buying value ($89.2M) by approximately $65.8M.
- The cluster spans active managers (Point72, Franklin, Stifel) on the buy side and quant / mega-passive entities (Schwab, Citadel, D.E. Shaw) on the sell side.
- CHRD stock is rated 83% bullish by sell-side analysts (6 Strong Buy, 13 Buy, 4 Hold), contrasting with the Q3 sell-heavy institutional flow.
Financial Impact
24 buyers added $89.2M in net new holdings; 26 sellers reduced by $155.0M — net institutional outflow of ~$65.8M
Risk Factors
- 45-day 13F reporting lag: Q3 positions may have been unwound or reversed by now.
- Crude oil price volatility and E&P sector fund flows could drive CHRD independently of this institutional footprint.
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-CHRD-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Institutional Cluster | $150.48 | awaiting T+5 | — | — |
Oct 19, 2026 7d ago | 8-K | $152.22 | awaiting T+5 | — | — |
Oct 19, 2026 7d ago | Press Release | $152.22 | awaiting T+5 | — | — |
Oct 19, 2026 7d ago | Press Release | $154.48 $156.15 | ▲ +1.08% | ▲ +1.23% | — |
Oct 19, 2026 7d ago | Press Release | $154.48 $156.15 | ▲ +1.08% | ▲ +1.23% | — |
Aug 12, 2026 10w ago | Insider Cluster | $134.46 $148.81 | ▲ +10.68% | ▲ +12.64% | — |
Aug 5, 2026 11w ago | Press Release | $132.50 $134.46 | ▲ +1.48% | ▲ +0.26% | — |
Jun 12, 2026 19w ago | Institutional Cluster | $135.34 $123.12 | ▼ −9.03% | ▼ −9.70% | — |
May 18, 2026 23w ago | Insider Cluster | $148.35 $133.70 | ▼ −9.88% | ▼ −12.17% | — |
May 7, 2026 24w ago | S-3ASR | $136.44 $142.54 | ▲ +4.47% | ▲ +3.01% | — |
US Market Status
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