The divergence between active buyers (Russell, Lazard, Legal & General) and large sellers (Invesco, Wealth Enhancement) creates uncertainty. The net selling pressure is notable, but the buying by multiple asset managers doubling positions suggests a potential value thesis. Monitor next earnings for catalyst that could resolve the directional disagreement.
Executive Summary
Institutional activity in DAKT for Q3 2024 shows a mixed picture: 5 buyers added $5.0M in new holdings (led by Russell Investments and Schwab), while 6 sellers reduced positions by $19.6M (led by Invesco and Wealth Enhancement Advisory). The net selling pressure of ~$14.6M suggests institutional caution, though the buying cluster includes several asset managers doubling or adding significantly.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$14.6M
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Russell Investments Group | DOUBLED | +2449% | $2.1M | $2.0M |
| Schwab | ADD | +76.5% | $5.8M | $2.3M |
| Legal & General Group | DOUBLED | +402.5% | $371.0K | $291.0K |
| Victory Capital Management | ADD | +31.6% | $2.5M | $444.0K |
| Lazard Asset Management | ADD | +67% | $1.0K | $496.00 |
▼ Sellers (6)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Invesco | NEAR_EXIT | -85% | $10.3M | -$8.9M |
| Wealth Enhancement Advisory Se | NEAR_EXIT | -88.5% | $8.6M | -$7.7M |
| Stifel Financial | TRIM | -69.1% | $3.3M | -$2.3M |
| Citadel | NEAR_EXIT | -89.6% | $437.0K | -$394.9K |
| Envestnet Asset Management | TRIM | -31.6% | $602.0K | -$220.9K |
| Walleye Capital | TRIM | -45.8% | $263.0K | -$131.0K |
Key Facts
- 5 institutional buyers added $5.0M in net new holdings, with Russell Investments doubling its position (+2,449%) and Legal & General doubling (+402.5%)
- 6 institutional sellers reduced holdings by $19.6M, with Invesco exiting 85% of its position ($8.85M sold) and Wealth Enhancement Advisory exiting 88.5% ($7.68M sold)
- Net institutional flow was negative: $10.7M in buying vs $19.6M in selling, a net outflow of ~$14.6M
- The selling is dominated by two mega-passive/quant funds (Invesco, Citadel) and several asset managers, while buying is concentrated in asset managers and one passive fund (Schwab)
- Historical performance on DAKT calls has been poor: avg T+20 return of -10.86% with a 25% win rate, suggesting the stock has been difficult to predict
Financial Impact
Net institutional outflow of approximately $14.6 million in Q3 2024, with $10.7M in buying versus $19.6M in selling
Risk Factors
- Historical DAKT calls have underperformed significantly (avg T+20 -10.86%), indicating the stock is hard to predict
- The selling cluster is larger in dollar terms than the buying cluster, suggesting institutional caution
- 13F data is 45+ days stale; positions may have already been adjusted
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-DAKT-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 21d ago | 8-K | $17.91 $17.66 | ▼ −1.40% | ▼ −1.50% | — |
Sep 2, 2026 4w ago | 8-K | $19.13 $18.95 | ▼ −0.94% | ▲ +0.02% | — |
Sep 2, 2026 4w ago | Press Release | $19.13 $18.95 | ▼ −0.94% | ▲ +0.02% | — |
Aug 10, 2026 7w ago | Press Release | $21.28 $19.94 | ▲ +6.30% | ▲ +6.25% | — |
Jul 17, 2026 11w ago | 8-K | $19.12 $19.81 | ▲ +3.61% | ▲ +4.30% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $20.30 $20.76 | ▲ +2.27% | ▲ +1.59% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $20.91 $20.17 | ▼ −3.54% | ▼ −3.97% | — |
May 21, 2026 19w ago | Press Release | $19.73 $20.62 | ▼ −4.51% | ▼ −2.91% | — |
Apr 9, 2026 25w ago | 8-K | $19.89 $19.07 | ▼ −4.12% | ▼ −7.31% | — |
Mar 18, 2026 28w ago | Press Release | $20.23 $21.42 | ▲ +5.88% | ▲ +6.60% | — |
US Market Status
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