Traders should weigh the concentration of buying in two quant funds (Citadel, Point72) against the broader, more diverse selling base. Quant buys can be short-term mean-reversion trades rather than conviction long positions. Watch for any fundamental catalyst (earnings, margin recovery, avocado pricing) that could shift the narrative; until then, the institutional data leans bearish.
Executive Summary
A clear bearish institutional cluster in CVGW during Q3 2024, with 9 sellers reducing positions by ~$4.2M against only 3 buyers adding $6.3M (largely from two quant funds, Citadel and Point72). The selling is broad-based, spanning active asset managers (Fuller & Thaler, Lazard, Rhumbline) and a mega-passive manager (Invesco), while the buying is concentrated in quant-driven firms with no fundamental activist or long-only conviction funds behind it. This mismatch suggests the broader institutional view is turning negative on Calavo Growers.
Key Financial Metrics
Institutional Positions
Net institutional flow: $2.1M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Citadel | DOUBLED | +152.6% | $5.9M | $4.0M |
| Point72 | ADD | +93.2% | $402.0K | $237.0K |
| Gamco Investors, Inc. Et Al | ADD | +30.3% | $5.1M | $2.0M |
▼ Sellers (9)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Invesco | TRIM | -62.4% | $3.1M | -$1.6M |
| Fuller & Thaler Asset Manageme | NEAR_EXIT | -77.5% | $1.6M | -$1.2M |
| Rhumbline Advisers | TRIM | -51.5% | $1.3M | -$506.6K |
| Legal & General Group | TRIM | -55.7% | $1.1M | -$504.4K |
| D.E. Shaw | TRIM | -27.7% | $3.9M | -$350.8K |
Key Facts
- 9 institutional sellers vs 3 institutional buyers in Q3 2024
- Net selling of ~$4.2M by sellers; net buying of ~$6.3M by buyers (largely Citadel and Point72)
- Invesco trimmed 62.4% of its position; D.E. Shaw trimmed 27.7%; Fuller & Thaler near-exited (77.5% reduction)
- Citadel doubled its position (+152.6% shares); Point72 added 93.2%; Gamco added 30.3%
- Passive and active managers aligned on selling; buying concentrated in quant funds
Financial Impact
Net dollar change across the cluster: buyers added ~$6.3M in new value, sellers reduced by ~$4.2M; total aggregate buyer holdings of $11.4M are still only ~1-2% of the likely float
Risk Factors
- Quant buyers (Citadel, Point72) may exit quickly, removing the only buying support
- 13F data is 45+ days stale; positions may have already been reversed
- Selling by diversified asset managers (Invesco, D.E. Shaw, Fuller & Thaler) may reflect sector-wide rebalancing, not company-specific concerns
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-CVGW-2024-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 12, 2026 19w ago | Institutional Cluster | — | awaiting T+20 | — | — |
Jun 11, 2026 19w ago | 15-12G | — | awaiting T+20 | — | — |
Jun 3, 2026 20w ago | EFFECT | — | awaiting T+20 | — | — |
May 29, 2026 21w ago | 8-K | $26.09 | awaiting T+20 | — | — |
Apr 29, 2026 25w ago | 425 | $28.07 $26.09 | ▼ −7.05% | ▼ −12.51% | — |
Apr 20, 2026 27w ago | 425 | $27.48 $26.82 | ▼ −2.41% | ▼ −6.61% | — |
Apr 20, 2026 27w ago | 8-K | $27.48 $26.82 | ▼ −2.41% | ▼ −6.61% | — |
Apr 17, 2026 27w ago | 425 | $27.48 $26.82 | ▼ −2.41% | ▼ −6.61% | — |
Apr 17, 2026 27w ago | 8-K | $27.48 $26.82 | ▼ −2.41% | ▼ −6.61% | — |
Apr 13, 2026 28w ago | 8-K | $27.26 $27.16 | ▼ −0.38% | ▼ −8.11% | — |
US Market Status
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