The near-exit by Fjarde Ap-Fonden and large trim by Robeco suggest a coordinated negative reassessment of CSL's near-term outlook. Monitor upcoming earnings for any guidance revision or margin pressure that may have driven this selling.
Executive Summary
Three institutional asset managers reduced their CSL positions by a combined $13.2M in Q3 2026, while one small buyer added $607K. The selling is concentrated and significant relative to the buying, indicating a bearish institutional view on Carlisle Companies.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$12.6M
▲ Buyers (1)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Wealth Enhancement Advisory Services | ADD | +36% | $2.5M | $607.0K |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | TRIM | -25.5% | $4.9M | -$1.7M |
| Fjarde Ap-Fonden /Fourth Swedish National | NEAR_EXIT | -95.8% | $7.7M | -$7.4M |
| Robeco Institutional Asset Management B.v. | TRIM | -55.6% | $6.9M | -$4.2M |
Key Facts
- 3 sellers reduced holdings by a net $13.2M in Q3 2026
- Fjarde Ap-Fonden executed a near-exit, selling 95.8% of its position ($7.4M)
- Robeco trimmed 55.6% of its position ($4.2M)
- Assenagon trimmed 25.5% ($1.7M)
- Only one buyer (Wealth Enhancement Advisory Services) added a modest $607K
Financial Impact
Net institutional selling of $12.6M in Q3 2026 ($13.2M sold vs $607K bought)
Risk Factors
- 13F data is 45+ days stale; positions may have been re-established since quarter-end
- Small sample size (3 sellers) limits statistical significance
- No insider buying to corroborate a contrarian thesis
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-CSL-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | Institutional Cluster | $340.10 $352.60 | ▼ −3.68% | ▼ −4.86% | — |
May 5, 2026 24w ago | 144 | $372.42 $359.09 | ▼ −3.58% | ▼ −3.25% | — |
Apr 30, 2026 25w ago | 8-K | $354.86 $344.55 | ▼ −2.91% | ▼ −2.56% | — |
Apr 23, 2026 26w ago | 8-K | $360.38 $360.96 | ▲ +0.16% | ▼ −0.00% | — |
Mar 17, 2026 32w ago | DEFA14A | $343.47 $338.38 | ▼ −1.48% | ▼ −0.08% | — |
US Market Status
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