The cluster shows a clear divergence: one new active manager entered with conviction, while two existing holders nearly fully exited. Monitor upcoming 13F filings to see if the selling trend continues or if the new buyer's thesis gains traction. The 45-day reporting lag means these positions may already be stale.
Executive Summary
Institutional activity in Carpenter Technology (CRS) during 2026-Q3 was mixed: one new buyer (Assenagon Asset Management) opened a $12.7M position, while four sellers reduced holdings by a combined $29.3M, led by near-exits from Concurrent Investment Advisors and TD Waterhouse Canada. The net selling pressure of ~$16.7M suggests cautious sentiment among existing holders, partially offset by fresh accumulation from a new active manager.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$16.7M
▲ Buyers (2)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | NEW | +100% | $12.7M | $12.7M |
| Prime Capital Investment Advisors | ADD | +51.6% | $241.0K | -$11.0K |
▼ Sellers (4)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Concurrent Investment Advisors | NEAR_EXIT | -90.5% | $13.1M | -$12.3M |
| Td Waterhouse Canada | NEAR_EXIT | -84.4% | $7.5M | -$6.7M |
| Wealth Enhancement Advisory Services | TRIM | -34.3% | $18.3M | -$10.1M |
| Assetmark | TRIM | -27.7% | $312.0K | -$170.0K |
Key Facts
- 2 buyers (net +$12.6M) vs 4 sellers (net -$29.3M); aggregate net change of -$16.7M
- Assenagon Asset Management initiated a $12.7M position (32,600 shares), the only new buyer
- Concurrent Investment Advisors nearly exited, cutting 90.5% of its position (from $13.1M to $780K)
- TD Waterhouse Canada also near-exited, reducing 84.4% of its stake (from $7.5M to $731K)
- All participants are asset managers; no activist, quant, or family office funds detected
Financial Impact
Aggregate institutional selling of $29.3M vs buying of $12.6M, resulting in net outflow of $16.7M from tracked managers
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound or added to since quarter-end
- All participants are asset managers — no activist or insider buying to corroborate the bullish signal
- Net selling outweighs net buying by ~2.3x, indicating overall institutional caution
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-CRS-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $294.29 | awaiting T+60 | — | — |
Oct 22, 2026 5d ago | 8-K | $284.66 | awaiting T+60 | — | — |
Oct 22, 2026 5d ago | 8-K | $284.66 | awaiting T+60 | — | — |
Oct 22, 2026 5d ago | Press Release | $292.26 | awaiting T+60 | — | — |
Oct 21, 2026 6d ago | Institutional Cluster | $292.26 | awaiting T+60 | — | — |
Oct 16, 2026 11d ago | 3 | $378.51 | awaiting T+60 | — | — |
Oct 16, 2026 11d ago | 3 | $378.51 | awaiting T+60 | — | — |
Oct 15, 2026 12d ago | 8-K | $377.09 | awaiting T+60 | — | — |
Oct 1, 2026 26d ago | Press Release | $383.69 | awaiting T+60 | — | — |
Aug 27, 2026 8w ago | Insider Cluster | $476.43 | awaiting T+60 | — | — |
US Market Status
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