The strong active-manager accumulation suggests a value or defensive rotation thesis. However, the 45-day 13F lag means these Q2 positions may have been unwound. Monitor for any subsequent insider buying or earnings catalysts to confirm the thesis. The historical CPB report track record (negative avg T+20 return) warrants caution — consider waiting for a catalyst before entering.
Executive Summary
Seven institutional buyers accumulated $8.9M in CPB during Q2 2026, overwhelmingly outweighing a single near-exit seller ($962K). The buying is concentrated among active asset managers, with Commonwealth Equity Services ($3.7M added) and Wealth Enhancement Advisory Services ($2.0M added) leading the charge. This cluster suggests a shared thesis on Campbell's value or defensive positioning, though the 45-day reporting lag means positions may have shifted since quarter-end. Historical calibration on CPB reports shows a negative average T+20 return (-1.30%), tempering conviction.
Key Financial Metrics
Institutional Positions
Net institutional flow: $7.9M
▲ Buyers (7)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Commonwealth Equity Services | ADD | +65.3% | $9.4M | $3.7M |
| Wealth Enhancement Advisory Services | DOUBLED | +139.1% | $3.5M | $2.0M |
| Police & Firemen's Retirement System Of New | DOUBLED | +190.6% | $2.0M | $1.3M |
| Ninety One Uk | ADD | +79.1% | $2.4M | $1.1M |
| Mather Group | DOUBLED | +161.4% | $585.0K | $361.0K |
| D.a. Davidson & | ADD | +45.1% | $851.0K | $265.0K |
| Farther Finance Advisors | ADD | +68.6% | $337.0K | $136.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Mirae Asset Global Investments Co. | NEAR_EXIT | -99% | $972.0K | -$961.9K |
Key Facts
- 7 institutional buyers vs 1 seller in Q2 2026
- Net institutional accumulation of $8.9M
- Commonwealth Equity Services added $3.7M (65% increase)
- Wealth Enhancement Advisory Services doubled position (+$2.0M)
- Mirae Asset Global exited 99% of its position (-$962K)
- All buyers are active asset managers, not passive index funds
- Insider confluence score of 58/100 with 1 open-market buyer ($2K)
Financial Impact
7 institutions accumulated $8.9M in new CPB holdings while 1 seller reduced by $962K, for net buying of approximately $7.9M
Risk Factors
- 13F data is 45+ days old; positions may have been reversed
- Historical CPB reports show negative average T+20 returns (-1.30%)
- Single large seller (Mirae) could indicate a bearish counter-thesis
- CPB has only 4% analyst bullishness (1 Strong Buy, 25 Hold/Sell)
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-CPB-2026-Q2 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 3, 2026 29d ago | 8-K | $22.13 $19.62 | ▲ +11.32% | ▲ +10.13% | — |
Jul 30, 2026 9w ago | Institutional Cluster | $22.08 $23.28 | ▲ +5.43% | ▲ +1.47% | — |
Jun 17, 2026 15w ago | 8-K | $21.15 $22.65 | ▲ +7.09% | ▲ +6.56% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $22.73 $21.47 | ▼ −5.54% | ▼ −7.43% | — |
Jun 8, 2026 16w ago | 8-K | $21.49 $22.66 | ▼ −5.44% | ▼ −3.81% | — |
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.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access