The cluster is entirely passive — no active manager signal. The selling by Morgan Stanley and UBS may reflect index rebalancing or risk-management adjustments, not a negative thesis. Monitor next 13F for active-manager entries or exits; the lack of activist/hedge-fund interest keeps the stock in a wait-and-see posture.
Executive Summary
A mixed institutional cluster in CLDX for Q3 2025 shows two mega-passive buyers (Wells Fargo, Invesco) adding modest positions totaling $1.6M, while three mega-passive sellers (Morgan Stanley, UBS, T. Rowe Price) trimmed $11.8M in holdings. The net selling pressure of ~$10.2M from passive rebalancing is notable but lacks active-manager conviction, suggesting routine portfolio adjustments rather than a fundamental thesis.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$10.2M
▲ Buyers (2)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Wells Fargo | ADD | +56.6% | $1.8M | $872.0K |
| Invesco | ADD | +25.4% | $2.0M | $761.0K |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Morgan Stanley | TRIM | -52.8% | $13.5M | -$5.4M |
| UBS | TRIM | -50.5% | $17.1M | -$6.3M |
| T. Rowe Price | TRIM | -37.6% | $78.0K | -$16.1K |
Key Facts
- 2 buyers added $1.6M in new holdings; 3 sellers reduced $11.8M
- All five institutions are mega-passive (index/quant) — no active managers or hedge funds involved
- Largest seller: UBS trimmed $6.3M (-50.5% of position); Morgan Stanley cut $5.4M (-52.8%)
- Net aggregate change: -$10.2M, dominated by passive rebalancing
- Historical reports on CLDX show 70% win rate at T+20 but negative alpha vs SPY (-5.21%)
Financial Impact
Net institutional selling of approximately $10.2M, with total selling value of $11.8M versus buying of $1.6M
Risk Factors
- Passive selling could continue if CLDX is underweighted in indices
- No active-manager buying suggests limited catalyst-driven demand
- Historical alpha vs SPY is negative (-5.21% T+20), indicating stock underperforms market on these signals
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-CLDX-2025-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 14, 2026 15w ago | Press Release | $32.12 $38.53 | ▼ −19.96% | ▼ −20.71% | — |
Jun 14, 2026 15w ago | Press Release | $32.12 $38.53 | ▲ +19.96% | ▲ +20.71% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $29.96 $38.98 | ▲ +30.11% | ▲ +28.22% | — |
Jun 10, 2026 16w ago | Press Release | $29.96 $38.98 | ▲ +30.11% | ▲ +28.22% | — |
May 7, 2026 21w ago | 8-K | $33.97 $28.62 | ▼ −15.75% | ▼ −15.77% | — |
May 7, 2026 21w ago | Press Release | $33.97 $28.62 | ▼ −15.75% | ▼ −15.77% | — |
Apr 6, 2026 25w ago | Press Release | $31.37 $32.77 | ▲ +4.46% | ▼ −4.52% | — |
Apr 2, 2026 26w ago | Press Release | $31.06 $32.88 | ▲ +5.86% | ▼ −4.02% | — |
Apr 1, 2026 26w ago | 424B5 | $31.06 $32.88 | ▲ +5.86% | ▼ −4.02% | — |
Apr 1, 2026 26w ago | Press Release | $31.06 $32.88 | ▲ +5.86% | ▼ −4.02% | — |
US Market Status
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