The heavy selling by multiple active managers, especially Select Equity Group (a value-oriented fund), signals potential fundamental concerns. Monitor next quarterly earnings and any guidance changes. Citadel's large addition could be a hedge or a contrarian bet on a catalyst; its future 13F will reveal if the position was maintained or unwound.
Executive Summary
An institutional cluster for CMP shows a net outflow of $12.1M in Q3 2024, with 9 sellers (led by Select Equity Group trimming $12.2M) overwhelming 5 buyers (led by Citadel adding $3.2M). The broad selling by active managers suggests negative sentiment, though Citadel's large contrarian position introduces uncertainty.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$12.1M
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Norges Bank | ADD | +92.9% | $235.0K | $130.0K |
| Nisa Investment Advisors | DOUBLED | +247.7% | $49.0K | $37.0K |
| Citadel | DOUBLED | +1961.6% | $3.4M | $3.2M |
| Russell Investments Group | DOUBLED | +155.7% | $3.0K | $2.0K |
| Group One Trading | DOUBLED | +258.4% | $647.0K | $492.0K |
▼ Sellers (9)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Invesco | TRIM | -62% | $3.8M | -$2.1M |
| Cwm | TRIM | -68.6% | $31.00 | -$20.00 |
| Select Equity Group | TRIM | -48.7% | $30.1M | -$12.2M |
| Pnc Financial Services Group | NEAR_EXIT | -82.9% | $75.0K | -$60.1K |
| Rhumbline Advisers | TRIM | -50.1% | $1.2M | -$485.9K |
| Balyasny Asset Management | TRIM | -56.7% | $444.0K | -$220.4K |
| Fifth Third Bancorp | TRIM | -28.7% | $17.0K | -$2.8K |
| State Of Wisconsin Investment | TRIM | -37.9% | $1.5M | -$402.0K |
| Legal & General Group | TRIM | -63.3% | $967.0K | -$554.7K |
Key Facts
- Net institutional outflow of $12.1M in Q3 2024 (buyers added $3.9M, sellers removed $16.0M).
- Select Equity Group trimmed 1.42M shares valued at $12.15M, the largest single sale.
- Citadel doubled its position by 1,962% to 281.6K shares worth $3.4M, the largest buy.
- Other sellers include Invesco (trim $2.1M), Rhumbline Advisers (trim $486K), and Legal & General (trim $555K).
- 5 buyers (sovereign, quant, asset managers) vs 9 sellers (mega-passive, active asset managers).
- 13F data is as of September 30, 2024 – positions may have changed.
Financial Impact
Net institutional selling of approximately $12.1M in Q3 2024, with $16.0M in disclosed sales against $3.9M in new buying.
Risk Factors
- 13F data is lagged by 45 days; positions may have already been reversed.
- Sentiment could be stale if a positive catalyst emerged after quarter-end.
- Citadel's large buy may reflect a short-term quant strategy rather than long-term conviction.
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-CMP-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 8-K | $22.26 | awaiting T+60 | — | — |
Aug 21, 2026 9w ago | Institutional Cluster | $26.00 | awaiting T+60 | — | — |
Aug 5, 2026 11w ago | 8-K | $25.66 | awaiting T+60 | — | — |
Aug 5, 2026 11w ago | 8-K | $25.66 | awaiting T+60 | — | — |
Jun 11, 2026 19w ago | Institutional Cluster | $31.46 $25.79 | ▲ +18.02% | ▲ +21.29% | — |
May 6, 2026 24w ago | 8-K | $28.24 $28.76 | ▲ +1.84% | ▼ −1.99% | — |
US Market Status
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