The divergence between passive accumulation and active/quant selling suggests no strong shared catalyst. Monitor next earnings for fundamental deterioration that may have prompted the active exits; the passive buying is likely index-rebalancing, not conviction.
Executive Summary
Institutional activity in Concentrix (CNXC) during Q2 2026 was mixed: 33 buyers added $41.8M in new holdings (dominated by mega-passive funds like Fidelity, UBS, and Goldman Sachs), while 25 sellers reduced positions by $45.8M, including notable exits by Boston Partners and heavy trims by First Trust Advisors and D.E. Shaw. The net dollar change is roughly flat, but the selling side includes active managers and quants, suggesting caution among discretionary investors despite passive accumulation.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$4.0M
▲ Buyers (33)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Fidelity | ADD | +35.3% | $128.0M | $12.4M |
| Goldman Sachs | DOUBLED | +146% | $20.9M | $10.5M |
| UBS | ADD | +38.5% | $71.0M | $8.4M |
| Morgan Stanley | ADD | +56.5% | $31.7M | $7.0M |
▼ Sellers (25)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| First Trust Advisors | TRIM | -72.4% | $24.5M | -$18.9M |
| Boston Partners | EXIT | -100% | $14.7M | -$14.7M |
| Susquehanna International Group | TRIM | -59.2% | $6.9M | -$4.6M |
| D.E. Shaw | TRIM | -52.5% | $3.9M | -$2.4M |
Key Facts
- 33 institutional buyers added $41.8M in net new holdings; 25 sellers reduced by $45.8M
- Top buyers by dollar increase: Fidelity (+$12.4M), Goldman Sachs (+$10.5M), UBS (+$8.4M), Morgan Stanley (+$7.0M)
- Largest seller: First Trust Advisors trimmed $18.9M (72.4% of position); Boston Partners fully exited $14.7M position
- D.E. Shaw (quant) trimmed 52.5% of its stake; Susquehanna trimmed 59.2%
- All top buyers are mega-passive/index-oriented funds; active managers and quants dominate the sell side
- Net aggregate change is near zero ($41.8M bought vs $45.8M sold)
Financial Impact
Institutions accumulated $41.8M in new positions while sellers reduced by $45.8M, resulting in a net outflow of ~$4M. Total tracked institutional holdings are ~$295M on the buy side.
Risk Factors
- Active manager exits (Boston Partners, First Trust, D.E. Shaw) may signal fundamental concerns not yet public
- 13F data is 45+ days stale; positions may have been adjusted since quarter-end
- No insider buying corroboration in the cluster to offset selling signal
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-CNXC-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $31.40 | awaiting T+1 | — | — |
Oct 21, 2026 5d ago | SC 13G/A | $33.88 $33.00 | ▼ −2.60% | ▼ −2.08% | — |
Sep 29, 2026 28d ago | Press Release | $24.95 $27.01 | ▼ −8.26% | ▼ −8.08% | — |
Sep 22, 2026 5w ago | Institutional Cluster | $30.51 $30.21 | ▼ −0.98% | ▼ −0.26% | — |
Jun 29, 2026 17w ago | Press Release | $22.41 $24.41 | ▼ −8.95% | ▼ −9.08% | — |
Jun 10, 2026 19w ago | Press Release | $26.27 $26.20 | ▼ −0.27% | ▼ −0.81% | — |
May 27, 2026 21w ago | Press Release | $26.25 $26.48 | ▲ +0.88% | ▲ +0.32% | — |
May 1, 2026 25w ago | 8-K | $23.51 $23.85 | ▲ +1.45% | ▲ +0.65% | — |
Mar 27, 2026 30w ago | 3 | $26.06 $26.32 | ▲ +0.98% | ▲ +1.34% | — |
Mar 24, 2026 31w ago | Press Release | $26.12 $24.34 | ▲ +6.84% | ▲ +7.40% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers