The cluster is too small and passive-oriented to signal a catalyst. Monitor next 13F for larger active-fund moves or insider buying for corroboration.
Executive Summary
Three asset managers modestly added to their DAR positions in Q3 2026, with aggregate buying of $2.5M outweighing $150K in selling. The cluster is small in scale and dominated by passive-oriented advisors, suggesting routine rebalancing rather than a strong conviction thesis.
Key Financial Metrics
Institutional Positions
Net institutional flow: $2.4M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Farther Finance Advisors | ADD | +77.6% | $175.0K | $86.0K |
| Wealth Enhancement Advisory Services | ADD | +60.4% | $6.1M | $2.3M |
| Assetmark | ADD | +49.4% | $317.0K | $126.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Nisa Investment Advisors | TRIM | -27.8% | $759.0K | -$150.0K |
Key Facts
- 3 buyers added $2.5M in aggregate; 1 seller trimmed $150K
- Largest buyer: Wealth Enhancement Advisory Services added $2.3M (+60.4% shares)
- All three buyers are asset managers (not activist or event-driven funds)
- Net institutional flow is positive but modest at ~$2.4M
Financial Impact
3 institutions accumulated $2.5M in new positions while 1 reduced holdings by $150K — net inflow of ~$2.4M
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound
- All buyers are asset managers with no activist or event-driven conviction
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-DAR-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 8-K | $55.64 | awaiting T+20 | — | — |
Oct 21, 2026 6d ago | Institutional Cluster | $55.64 | awaiting T+20 | — | — |
Aug 18, 2026 10w ago | Insider Cluster | $66.94 $66.49 | ▼ −0.67% | ▲ +0.17% | — |
Aug 14, 2026 10w ago | Insider Cluster | $67.67 $66.54 | ▲ +1.67% | ▼ −0.31% | — |
Aug 14, 2026 10w ago | Insider Cluster | $67.67 $66.54 | ▼ −1.67% | ▲ +0.31% | — |
Jul 30, 2026 12w ago | 8-K | $61.00 $61.39 | ▲ +0.64% | ▼ −3.33% | — |
Jun 12, 2026 19w ago | Institutional Cluster | $56.99 $60.83 | ▲ +6.74% | ▲ +4.96% | — |
Jun 11, 2026 19w ago | Institutional Cluster | $57.00 $60.19 | ▲ +5.60% | ▲ +3.71% | — |
Apr 30, 2026 25w ago | 8-K | $64.23 $59.10 | ▼ −7.99% | ▼ −13.21% | — |
Mar 19, 2026 31w ago | DEFA14A | $55.14 $59.08 | ▲ +7.15% | ▼ −2.17% | — |
US Market Status
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