The cluster is dominated by three large sellers exiting or trimming significantly, while buyers are small and likely index-rebalancing or rounding positions. Monitor upcoming 10-Q for any fundamental deterioration that may have prompted the selling.
Executive Summary
Institutional activity in CHRW during Q3 2026 was mixed: four small asset managers added $1.6M in net new positions, while three larger sellers reduced holdings by $29.7M, led by Wealth Enhancement Advisory Services trimming $21.4M. The net selling pressure from larger holders dominates the signal, suggesting caution despite scattered accumulation by smaller funds.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$28.1M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Fjarde Ap-Fonden /Fourth Swedish National | ADD | +40.7% | $562.0K | $54.0K |
| Td Waterhouse Canada | DOUBLED | +3527% | $1.1M | $1.1M |
| Abn Amro Investment Solutions | ADD | +29% | $1.3M | $17.0K |
| Hb Wealth Management | ADD | +77.1% | $1.6M | $450.0K |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Wealth Enhancement Advisory Services | TRIM | -70.4% | $27.1M | -$21.4M |
| Robeco Institutional Asset Management B.v. | NEAR_EXIT | -90.4% | $7.4M | -$6.8M |
| Nisa Investment Advisors | TRIM | -29.6% | $3.2M | -$1.4M |
Key Facts
- 4 buyers added $1.6M in net new positions; 3 sellers reduced by $29.7M
- Largest seller: Wealth Enhancement Advisory Services trimmed 70.4% of its position, removing $21.4M
- Robeco Institutional Asset Management exited 90.4% of its stake, selling $6.8M
- Td Waterhouse Canada more than doubled its tiny position from $38K to $1.1M
- All participants are asset managers; no activist or hedge fund involvement
Financial Impact
Net institutional selling of $28.1M in Q3 2026, with $29.7M in total sell-side reductions vs $1.6M in buy-side additions
Risk Factors
- 13F data is 45+ days stale; the selling may have already been completed or reversed
- Small buyer positions could be passive rebalancing rather than conviction buys
- No insider buying reported alongside this cluster to corroborate bullish thesis
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-CHRW-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | Institutional Cluster | $139.66 | awaiting T+1 | awaiting T+1 | No price |
Oct 23, 2026 4d ago | Institutional Cluster | $141.17 $140.15 | ▲ +0.72% | ▲ +1.43% | No price |
Oct 5, 2026 22d ago | 8-K | $140.61 $135.05 | ▼ −3.95% | ▼ −4.50% | No price |
Jul 24, 2026 13w ago | 8-K | $186.51 $174.46 | ▲ +6.46% | ▲ +6.48% | No price |
Jun 14, 2026 19w ago | Institutional Cluster | $190.25 $189.40 | ▼ −0.45% | ▲ +0.15% | No price |
Feb 28, 2026 34w ago | Institutional Cluster | $186.60 $192.66 | ▲ +3.25% | ▲ +4.16% | No price |
US Market Status
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