COLB saw a mixed institutional cluster in Q2 2026 with 15 buyers accumulating $240.9M and 14 sellers reducing by $182.7M, resulting in net buying of ~$58.2M. The buying was dominated by sovereign and quant funds (Norges Bank new $95.1M, D.E. Shaw new $28.8M, RenTech doubled), while the selling was concentrated in multi-manager quant funds (Citadel, Point72, Millennium all fully exited) and a large passive trim from UBS.
Executive Summary
COLB saw a mixed institutional cluster in Q2 2026 with 15 buyers accumulating $240.9M and 14 sellers reducing by $182.7M, resulting in net buying of ~$58.2M. The buying was dominated by sovereign and quant funds (Norges Bank new $95.1M, D.E. Shaw new $28.8M, RenTech doubled), while the selling was concentrated in multi-manager quant funds (Citadel, Point72, Millennium all fully exited) and a large passive trim from UBS.
Key Financial Metrics
Institutional Positions
Net institutional flow: $58.2M
▲ Buyers (15)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Norges Bank | NEW | +100% | $95.1M | $95.1M |
| Goldman Sachs | ADD | +91.5% | $82.4M | $45.6M |
| Vaughan Nelson Investment Management | ADD | +39% | $54.9M | $21.1M |
| D.E. Shaw | NEW | +100% | $28.8M | $28.8M |
| Jane Street Group | DOUBLED | +430.9% | $24.8M | $20.8M |
▼ Sellers (14)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Citadel | EXIT | -100% | $87.1M | -$87.1M |
| UBS | TRIM | -25.2% | $96.7M | -$12.2M |
| Millennium | EXIT | -100% | $15.1M | -$15.1M |
| Capital World Investors | EXIT | -100% | $29.2M | -$29.2M |
| Point72 | EXIT | -100% | $10.0M | -$10.0M |
Key Facts
- 15 buyers added $240.9M in new positions; 14 sellers reduced by $182.7M
- Norges Bank initiated a $95.1M position — largest single new buyer
- Citadel, Point72, and Millennium all fully exited positions totaling $112.2M
- Goldman Sachs added 91.5% to its stake, now worth $82.4M
- D.E. Shaw and RenTech both initiated/doubled quant-driven positions
- Insider activity is minimal and divergent (score 49/100) — only $22K in open-market insider buying
Financial Impact
Net institutional buying of ~$58.2M across 29 tracked funds, with $240.9M in new/additions vs $182.7M in exits/reductions
Risk Factors
- Multi-manager quant funds (Citadel, Point72, Millennium) all fully exited — they may have negative non-public information
- Insider buying is negligible ($22K) and divergent from the institutional cluster
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
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-COLB-2026-Q2 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 3d ago | 8-K | $30.02 | awaiting T+1 | — | — |
Oct 21, 2026 4d ago | Institutional Cluster | $29.89 $30.86 | ▲ +3.23% | ▲ +3.75% | — |
Sep 30, 2026 25d ago | 8-K | $28.73 $28.92 | ▲ +0.66% | ▼ −0.08% | — |
Aug 21, 2026 9w ago | Institutional Cluster | $30.81 $30.64 | ▼ −0.55% | ▼ −0.26% | — |
Jul 30, 2026 12w ago | 8-K | $31.27 $31.50 | ▲ +0.74% | ▼ −0.69% | — |
Jun 24, 2026 17w ago | Institutional Cluster | $31.53 $32.07 | ▲ +1.71% | ▲ +1.57% | — |
Jun 11, 2026 19w ago | Institutional Cluster | $30.82 $31.31 | ▲ +1.59% | ▲ +1.05% | — |
May 15, 2026 23w ago | 8-K | $28.77 $29.01 | ▲ +0.83% | ▲ +0.90% | — |
Apr 23, 2026 26w ago | 8-K | $29.22 $29.85 | ▼ −2.16% | ▼ −1.99% | — |
US Market Status
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