The cluster is too small in dollar terms to signal a material thesis shift. Monitor upcoming 10-Q for any fundamental catalyst that could explain the doubling activity, but treat this as noise absent larger institutional flows.
Executive Summary
Four small asset managers doubled their CSR positions in Q3 2026, adding $1.9M in aggregate value, while one seller trimmed a negligible $2K. The cluster is tiny in absolute dollar terms ($2.7M total holdings) and lacks insider corroboration, making it a low-conviction signal.
Key Financial Metrics
Institutional Positions
Net institutional flow: $1.9M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Exchange Traded Concepts | DOUBLED | +265.6% | $2.6M | $1.9M |
| Farther Finance Advisors | DOUBLED | +225.7% | $6.0K | $4.0K |
| Mather Group | DOUBLED | +900% | $4.0K | $3.0K |
| Nisa Investment Advisors | DOUBLED | +166.3% | $47.0K | $29.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Mirae Asset Global Investments Co. | TRIM | -62.3% | $4.0K | -$2.0K |
Key Facts
- 4 institutional buyers doubled positions in Q3 2026, adding $1.9M in net value
- Total buyer holdings are only $2.7M, representing ~0.28% of CSR's $951M market cap
- 1 seller trimmed $2K, a de minimis amount
- No open-market insider buying during the quarter (confluence score 25/100)
- All participants are small asset managers, not major active funds or activists
Financial Impact
4 institutions accumulated $1.9M in new CSR positions while 1 reduced holdings by $2K; total institutional activity is $1.9M net, or ~0.2% of market cap
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- All buyers are small asset managers with limited market influence
- No insider buying to corroborate the institutional signal
- Total buyer holdings ($2.7M) are immaterial relative to $951M market cap
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-CSR-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | Institutional Cluster | $58.73 | awaiting T+20 | awaiting T+20 | No price |
Oct 7, 2026 25d ago | DEFM14A | $54.91 | awaiting T+20 | awaiting T+20 | No price |
Oct 7, 2026 25d ago | 425 | $54.91 | awaiting T+20 | awaiting T+20 | No price |
Oct 1, 2026 4w ago | Press Release | $54.50 $58.44 | ▲ +7.23% | ▲ +9.04% | No price |
Sep 23, 2026 5w ago | 425 | $55.17 $57.45 | ▲ +4.13% | ▲ +4.55% | No price |
Sep 23, 2026 5w ago | 8-K | $55.17 $57.45 | ▲ +4.13% | ▲ +4.55% | No price |
Sep 23, 2026 5w ago | 425 | $55.17 $57.45 | ▲ +4.13% | ▲ +4.55% | No price |
Sep 9, 2026 7w ago | 425 | $57.36 $54.42 | ▼ −5.13% | ▼ −7.07% | No price |
Sep 9, 2026 7w ago | 8-K | $57.36 $54.42 | ▼ −5.13% | ▼ −7.07% | No price |
Aug 14, 2026 11w ago | Institutional Cluster | $54.64 $57.87 | ▲ +5.91% | ▲ +7.89% | No price |
US Market Status
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