The cluster is dominated by a single large seller (Artemis) whose $14.6M trim dwarfs the three small buyers. Monitor next 10-Q for any further reduction by Artemis or other large holders, as the net negative flow contradicts the positive earnings backdrop.
Executive Summary
Three asset managers increased CMC positions in Q3 2026, adding $1.4M net, while one trimmed $14.6M. The buying follows a strong Q4 earnings beat with EPS 21.9% above consensus and record backlogs, but the selling by a single large holder dominates the net dollar flow.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$13.2M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Truist Financial | DOUBLED | +150.5% | $1.0M | $602.0K |
| Wealth Enhancement Advisory Services | ADD | +59.1% | $2.1M | $806.0K |
| Mather Group | ADD | +75.8% | $4.0K | $2.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Artemis Investment Management | TRIM | -42.7% | $33.8M | -$14.6M |
Key Facts
- 3 institutional buyers added $1.4M in aggregate (Truist Financial doubled, Wealth Enhancement Advisory added 59.1%, Mather Group added 75.8%)
- 1 institutional seller (Artemis Investment Management) trimmed 42.7% of its position, reducing holdings by $14.6M
- Net institutional dollar flow was negative $13.2M (buyers added $1.4M, seller removed $14.6M)
- Q4 fiscal 2026 earnings beat consensus: adjusted EPS $2.09 vs $1.71 consensus, revenue $2.66B vs $2.55B consensus
- Core EBITDA grew 35.1% YoY to $393.7M; backlogs near record levels
- Insider buying of $100K provides weak corroboration (confluence score 46/100)
Financial Impact
Institutional cluster shows net selling of $13.2M (3 buyers added $1.4M, 1 seller removed $14.6M). The selling by Artemis Investment Management ($14.6M) is 10x larger than total buying.
Risk Factors
- 13F data is 45+ days stale; positions may have changed since quarter-end
- Single seller (Artemis) accounts for 91% of net dollar flow, making the cluster less representative
- Precast segment missed expectations due to residential softness; Q1 guidance is seasonally softer
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-CMC-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | Institutional Cluster | $63.57 | awaiting T+5 | awaiting T+5 | No price |
Oct 15, 2026 17d ago | 8-K | $65.37 $63.79 | ▼ −2.42% | ▼ −1.40% | No price |
Oct 13, 2026 19d ago | 8-K | $64.77 $64.65 | ▼ −0.19% | ▲ +0.97% | No price |
Sep 21, 2026 5w ago | Press Release | $65.00 | awaiting T+5 | awaiting T+5 | No price |
Aug 27, 2026 9w ago | Press Release | $68.76 $68.75 | ▲ +0.01% | ▲ +0.28% | No price |
Aug 5, 2026 12w ago | 8-K | $75.67 $72.34 | ▼ −4.40% | ▼ −4.75% | No price |
Apr 13, 2026 28w ago | 8-K | $65.94 $67.52 | ▲ +2.40% | ▲ +1.00% | No price |
US Market Status
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