The cluster is small in absolute dollars but notable for its unanimous active-manager direction. Monitor upcoming earnings for commercial traction updates on BAROSTIM NEO — the doubling by Marshall Wace and Citadel suggests informed capital betting on a catalyst.
Executive Summary
A bullish institutional cluster formed in CVRX during Q3 2024, with 6 buyers adding $897K in net new holdings versus 2 sellers trimming only $118K. The buying was dominated by active managers (Marshall Wace, Citadel, Dimensional Fund Advisors) all roughly doubling their positions, suggesting a shared thesis around the company's baroreflex activation therapy (BAROSTIM) commercial ramp.
Key Financial Metrics
Institutional Positions
Net institutional flow: $779.0K
▲ Buyers (6)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Marshall Wace | DOUBLED | +180.4% | $1.0M | $524.0K |
| Citadel | DOUBLED | +193.9% | $386.0K | $207.0K |
| Dimensional Fund Advisors | DOUBLED | +135.4% | $378.0K | $160.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Strs Ohio | NEAR_EXIT | -88.6% | $126.0K | -$115.3K |
| Nisa Investment Advisors | NEAR_EXIT | -86.3% | $3.0K | -$2.3K |
Key Facts
- 6 institutional buyers added $897K in net new holdings during Q3 2024, while 2 sellers trimmed only $118K
- Marshall Wace doubled its position to 115.7K shares worth $1.0M, the largest buyer by value
- Citadel doubled to 43.8K shares ($386K), Dimensional Fund Advisors doubled to 42.9K shares ($378K)
- Both sellers (Nisa Investment Advisors, Strs Ohio) executed near-exit trims, reducing combined holdings by 86-89%
- Total institutional holdings in the cluster are small at $1.9M, representing a tiny fraction of CVRX's float
Financial Impact
6 institutions accumulated $897K in new CVRX positions while 2 reduced holdings by $118K, for a net inflow of approximately $779K
Risk Factors
- Small absolute dollar amounts ($1.9M total) may not move the stock materially
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- No insider buying accompanies this cluster to confirm conviction
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-CVRX-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 3d ago | Press Release | $1.37 | awaiting T+5 | — | — |
Oct 2, 2026 23d ago | SC 13D/A | $1.56 $1.48 | ▲ +5.13% | ▲ +5.55% | — |
Aug 11, 2026 10w ago | 8-K | $2.60 $2.75 | ▼ −5.77% | ▼ −6.17% | — |
Jul 23, 2026 13w ago | Press Release | $4.74 $5.38 | ▲ +13.50% | ▲ +13.13% | — |
Jun 11, 2026 19w ago | Institutional Cluster | $5.03 $4.95 | ▼ −1.59% | ▼ −2.26% | — |
Jun 9, 2026 19w ago | 8-K | $5.20 $4.98 | ▼ −4.23% | ▼ −6.64% | — |
Jun 9, 2026 19w ago | Press Release | $5.20 $4.98 | ▼ −4.23% | ▼ −6.64% | — |
Jun 3, 2026 20w ago | 3 | $5.88 $4.89 | ▼ −16.84% | ▼ −14.28% | — |
May 11, 2026 23w ago | 8-K | $5.27 $5.94 | ▲ +12.71% | ▲ +12.64% | — |
Apr 27, 2026 25w ago | Press Release | $7.48 $7.80 | ▲ +4.21% | ▲ +2.52% | — |
US Market Status
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