The Artemis doubling is a high-conviction signal from an active manager, but the near-total exit by Assenagon (a similarly sized manager) creates ambiguity. Monitor next 13F for whether the Artemis position was maintained or trimmed, and whether Assenagon's exit was a thesis change or portfolio rebalancing.
Executive Summary
Institutional activity in CTSH during Q3 2026 was mixed: three asset managers accumulated $163.7M in net new positions (led by Artemis doubling its stake to $166.9M), while three other managers reduced holdings by $129.1M (led by Assenagon exiting 93.4% of its position). The cluster shows no clear directional consensus, with active managers on both sides.
Key Financial Metrics
Institutional Positions
Net institutional flow: $34.6M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Artemis Investment Management | DOUBLED | +289.6% | $166.9M | $138.0M |
| Wealth Enhancement Advisory Services | DOUBLED | +105.6% | $30.0M | $25.7M |
| Mather Group | ADD | +73.1% | $85.0K | $52.0K |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | NEAR_EXIT | -93.4% | $141.5M | -$127.7M |
| Concurrent Investment Advisors | TRIM | -56.6% | $374.0K | -$133.0K |
| Td Waterhouse Canada | NEAR_EXIT | -98.9% | $1.3M | -$1.3M |
Key Facts
- 3 buyers added $163.7M in net new value, led by Artemis Investment Management doubling its stake (+289.6% shares, +$138.0M to $166.9M)
- 3 sellers reduced $129.1M in value, led by Assenagon Asset Management exiting 93.4% of its position (-$127.7M to $13.8M)
- All six institutions are asset managers (no activist, quant, or passive/index funds detected)
- Net aggregate change across all six funds: +$34.6M (buyers $163.7M minus sellers $129.1M)
Financial Impact
3 institutions accumulated $163.7M in new positions while 3 reduced holdings by $129.1M, for a net inflow of $34.6M
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Mixed cluster (3 buyers vs 3 sellers) provides no clear directional signal
- No insider buying or activist presence to corroborate the accumulation 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-CTSH-2026-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | Press Release | $70.61 | awaiting T+60 | — | — |
Oct 16, 2026 10d ago | Institutional Cluster | $66.79 | awaiting T+60 | — | — |
Oct 6, 2026 20d ago | 8-K | $57.07 | awaiting T+60 | — | — |
Oct 6, 2026 21d ago | Press Release | $57.22 | awaiting T+60 | — | — |
Oct 2, 2026 24d ago | Press Release | $58.51 | awaiting T+60 | — | — |
Sep 4, 2026 7w ago | Insider Cluster | $59.92 | awaiting T+60 | — | — |
Aug 5, 2026 11w ago | Insider Cluster | $56.89 | awaiting T+60 | — | — |
Jul 29, 2026 12w ago | 8-K | $55.97 $73.72 | ▲ +31.71% | ▲ +26.98% | — |
May 21, 2026 22w ago | 8-K | $52.28 $56.60 | ▲ +8.27% | ▲ +4.23% | — |
May 21, 2026 22w ago | Court Ruling | $52.75 $60.93 | ▲ +15.51% | ▲ +12.37% | — |
US Market Status
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