The cluster is driven by mega-passive firms, suggesting possible index rebalancing or low-conviction positioning rather than a strong active catalyst. However, UBS's doubling of its stake stands out as a signal of growing interest. Monitor for follow-through in next quarter's filings and any fundamental improvements at CNDT, which has a small market cap of $226M and could be sensitive to ownership shifts.
Executive Summary
Three major passive institutions — Morgan Stanley, Wells Fargo, and UBS — increased their holdings in Conduent (CNDT) during Q4 2024, collectively adding $2.9M in new positions, while Schwab trimmed its stake by $3.27M. UBS notably doubled its position, signaling strong confidence despite the overall cluster being dominated by passive managers.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$1.6M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Morgan Stanley | ADD | +31.8% | $7.8M | $1.9M |
| Wells Fargo | ADD | +27.2% | $382.0K | $82.0K |
| UBS | DOUBLED | +201.7% | $1.4M | $951.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Schwab | TRIM | -29.3% | $11.2M | -$3.3M |
Key Facts
- Morgan Stanley increased its stake by 31.8%, adding $1.9M in value (1.46M → 1.92M shares)
- UBS doubled its position (+201.7%), increasing value by $951K (116.6K → 351.8K shares)
- Wells Fargo added $82K in value (+27.2%)
- Schwab reduced its holding by 29.3%, exiting $3.27M in value (2.78M → 1.96M shares)
- Net institutional activity: +$2.9M in buying vs -$3.27M in selling
Financial Impact
3 institutions accumulated $2.9M in new positions while 1 reduced holdings by $3.27M
Risk Factors
- Cluster dominated by passive institutions, reducing the strength of the signal
- Schwab's meaningful trim may indicate profit-taking or risk reduction ahead of weak fundamentals
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-CNDT-2024-Q4 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 28, 2026 4w ago | 8-K | $1.72 $1.58 | ▼ −8.14% | ▼ −7.95% | — |
Aug 10, 2026 7w ago | 8-K | $1.56 $1.65 | ▼ −5.77% | ▼ −6.68% | — |
Aug 10, 2026 7w ago | Press Release | $1.56 $1.65 | ▼ −5.77% | ▼ −6.68% | — |
Jul 2, 2026 13w ago | 8-K | $1.51 $1.58 | ▲ +4.64% | ▲ +5.05% | — |
Jun 30, 2026 13w ago | 8-K | $1.46 $1.51 | ▲ +3.42% | ▲ +4.45% | — |
May 21, 2026 19w ago | 8-K | $1.88 $1.34 | ▼ −28.99% | ▼ −27.57% | — |
May 11, 2026 20w ago | 8-K | $1.49 $1.35 | ▼ −9.40% | ▼ −7.67% | — |
Apr 3, 2026 26w ago | DEFA14A | $1.44 $1.70 | ▲ +18.06% | ▲ +9.07% | — |
Feb 28, 2026 30w ago | Institutional Cluster | $1.47 $1.32 | ▼ −10.20% | ▼ −2.27% | — |
US Market Status
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