The cluster is dominated by passive rebalancing with no active manager conviction — treat as noise, not a signal. Monitor for any active fund 13F filings or insider buying to confirm a genuine thesis shift. The bearish analyst consensus and insider selling suggest continued headwinds.
Executive Summary
Five mega-passive institutional investors (Fidelity, Morgan Stanley, Invesco, BofA, UBS) increased their CRCT positions in Q3 2025, adding a net $3.3M in holdings to a total of $6.6M. The buying is entirely from passive/index fund managers, likely reflecting index rebalancing or portfolio drift rather than a fundamental bullish thesis. The cluster is small in absolute dollar terms and lacks active manager participation, limiting its signal value.
Key Financial Metrics
Institutional Positions
Net institutional flow: $3.3M
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Fidelity | ADD | +71.9% | $298.0K | $112.0K |
| Morgan Stanley | DOUBLED | +141.5% | $4.4M | $2.4M |
| Invesco | ADD | +83.1% | $645.0K | $266.0K |
| BofA | ADD | +54.9% | $276.0K | $84.0K |
| UBS | ADD | +94% | $982.0K | $437.0K |
Key Facts
- 5 passive institutional buyers added $3.3M net to CRCT positions in Q3 2025, bringing total holdings to $6.6M
- Morgan Stanley doubled its position (+141.5% shares, +$2.4M value), the largest move in the cluster
- No institutional sellers were identified in the cluster
- All buyers are mega-passive managers (Fidelity, Morgan Stanley, Invesco, BofA, UBS) — no active hedge funds or activists participated
- CRCT has 0% analyst bullish consensus (0 Buy, 2 Hold, 6 Sell/Strong Sell) and recent insider selling of $854K over 30 days
Financial Impact
5 passive institutions accumulated $6.6M in CRCT positions, adding $3.3M net during Q3 2025. The largest single addition was Morgan Stanley's $2.4M increase.
Risk Factors
- Passive buying may reverse in subsequent quarters if index weights change
- No active manager participation reduces the predictive value of the cluster
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-CRCT-2025-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | Press Release | $6.49 | awaiting T+60 | — | — |
Aug 26, 2026 8w ago | Insider Cluster | $5.68 | awaiting T+60 | — | — |
Aug 19, 2026 9w ago | Insider Cluster | $5.40 | awaiting T+60 | — | — |
Aug 4, 2026 11w ago | 8-K | $6.07 | awaiting T+60 | — | — |
Jun 12, 2026 19w ago | Institutional Cluster | $4.49 $5.45 | ▼ −21.38% | ▼ −18.12% | — |
Jun 11, 2026 19w ago | Institutional Cluster | $4.47 $5.54 | ▲ +23.94% | ▲ +19.54% | — |
Jun 11, 2026 19w ago | Institutional Cluster | $4.47 $5.54 | ▲ +23.94% | ▲ +19.54% | — |
Jun 3, 2026 20w ago | Insider Cluster | $4.13 $5.80 | ▲ +40.44% | ▲ +38.55% | — |
Jun 3, 2026 20w ago | Insider Cluster | $4.13 $5.80 | ▲ +40.44% | ▲ +38.55% | — |
Jun 1, 2026 21w ago | Insider Cluster | $4.15 $5.81 | ▲ +40.00% | ▲ +38.88% | — |
US Market Status
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