The cluster is small ($5.0M net buying) and consists entirely of asset managers, not activist or event-driven funds. The buying may reflect a view that the $134M derivative settlement loss disclosed in the preliminary Q3 update is non-recurring. Monitor the full Q3 10-Q filing for actual production volumes, realized prices, and any guidance changes — the institutional cluster alone does not provide a strong directional signal.
Executive Summary
Four institutional investors increased their positions in California Resources Corp during Q3 2026, with aggregate holdings rising by $5.0M to $18.8M. The cluster is small in absolute dollar terms and dominated by asset managers rather than activist or event-driven funds, suggesting a modest conviction signal. The buying follows a preliminary Q3 operational update filed 8 days ago that disclosed a $134M net loss from commodity derivative settlements, which may have been viewed as a buying opportunity by these managers.
Key Financial Metrics
Institutional Positions
Net institutional flow: $5.0M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Davenport & Co | ADD | +35.2% | $15.3M | $3.6M |
| Vontobel Holding | ADD | +69% | $3.3M | $1.3M |
| Farther Finance Advisors | ADD | +83.1% | $194.0K | $84.0K |
| Assetmark | DOUBLED | +155.7% | $15.0K | $9.0K |
Key Facts
- 4 institutional buyers added $5.0M in net new positions during Q3 2026, with no sellers in the cluster
- Largest buyer: Davenport & Co added 77.8K shares (+35.2%), increasing its position from $11.6M to $15.3M
- Vontobel Holding added 26.6K shares (+69.0%), growing its stake from $2.0M to $3.3M
- Farther Finance Advisors added 1.7K shares (+83.1%), increasing from $110K to $194K
- Assetmark doubled its tiny position from 115 to 294 shares (+155.7%), value from $6K to $15K
- All buyers are asset managers — no activist, hedge fund, or family office participation
- Cluster follows a preliminary Q3 2026 operational update disclosing a $134M net loss from commodity derivative settlements
Financial Impact
4 institutions accumulated $5.0M in net new positions during Q3 2026, with total holdings reaching $18.8M. No institutional selling was detected in the cluster.
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Cluster is small in absolute dollar terms ($5.0M net) and may not be statistically significant
- No activist or event-driven fund participation weakens the conviction signal
- Preliminary Q3 update showed a $134M net loss from commodity derivative settlements — underlying operational performance remains unclear
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-CRC-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | Institutional Cluster | $54.54 | awaiting T+60 | — | — |
Oct 21, 2026 6d ago | Institutional Cluster | $52.96 | awaiting T+60 | — | — |
Oct 13, 2026 14d ago | 8-K | $54.22 | awaiting T+60 | — | — |
Aug 10, 2026 11w ago | 8-K | $53.75 | awaiting T+60 | — | — |
Aug 10, 2026 11w ago | Press Release | $53.75 | awaiting T+60 | — | — |
Jul 14, 2026 15w ago | 8-K | $52.32 $52.06 | ▼ −0.50% | ▼ −3.87% | — |
Jun 26, 2026 17w ago | 8-K | $52.60 $52.03 | ▼ −1.08% | ▼ −5.47% | — |
Jun 16, 2026 19w ago | 8-K | $55.35 $56.75 | ▲ +2.53% | ▼ −0.62% | — |
Jun 16, 2026 19w ago | 8-K | $56.25 $56.25 | · 0.00% | ▼ −1.00% | — |
May 5, 2026 25w ago | 8-K | $61.46 $52.62 | ▼ −14.38% | ▼ −16.44% | — |
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