The heavy selling by mega-passive and asset-manager firms (Geode, Goldman, Northern Trust, Vanguard) signals broad institutional de-risking, likely tied to DCGO's operational or regulatory headwinds. Monitor upcoming 10-Q for revenue/earnings trends and any material legal or compliance developments that could explain the exodus.
Executive Summary
DocGo Inc. (DCGO) saw a mixed institutional cluster in Q2 2026, with 17 buyers adding $555K in net new holdings (led by RenTech and Mackenzie Financial) but 21 sellers reducing positions by $2.7M (led by Geode, Goldman Sachs, and Northern Trust). The aggregate selling pressure from mega-passive and asset-manager firms far outweighs the buying, suggesting broad institutional de-risking despite selective accumulation by quant and smaller asset managers.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$2.1M
▲ Buyers (17)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| RenTech | ADD | +49.3% | $1.2M | $213.0K |
| Mackenzie Financial | DOUBLED | +1312.8% | $175.0K | $160.0K |
| UBS | DOUBLED | +222.1% | $172.0K | $107.0K |
▼ Sellers (21)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Geode | TRIM | -55.8% | $1.5M | -$966.0K |
| Goldman Sachs | NEAR_EXIT | -82.5% | $633.0K | -$543.0K |
| Northern Trust | TRIM | -71% | $439.0K | -$335.0K |
| Vanguard Portfolio Management | TRIM | -66.6% | $490.0K | -$356.0K |
Key Facts
- 17 buyers added $555K in net new holdings; 21 sellers reduced by $2.7M
- RenTech added 744K shares (+49.3%), now holding 2.25M shares worth $1.2M
- Mackenzie Financial more than 13x'd its position (+1,312.8%), adding 315K shares
- Geode trimmed 1.34M shares (-55.8%), reducing value by $966K
- Goldman Sachs cut 831K shares (-82.5%), near-exit with only 176K shares left
- Northern Trust trimmed 496K shares (-71.0%), reducing value by $335K
- Vanguard Portfolio Management cut 519K shares (-66.6%), reducing value by $356K
- Net selling of $2.1M (sellers $2.7M minus buyers $555K) indicates strong institutional outflow
Financial Impact
Aggregate institutional selling of $2.7M vs buying of $555K, net outflow of ~$2.1M. Largest sellers: Geode (-$966K), Goldman Sachs (-$543K), Northern Trust (-$335K), Vanguard (-$356K). Largest buyers: RenTech (+$213K), Mackenzie Financial (+$160K).
Risk Factors
- Continued institutional selling pressure could depress share price further
- RenTech and Mackenzie buying may be short-term quant/arbitrage positions, not long-term conviction
- 13F data is 45 days stale; positions may have already been adjusted post-quarter-end
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-DCGO-2026-Q2 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 22d ago | 8-K | $0.3650 | awaiting T+20 | — | — |
Sep 22, 2026 4w ago | Institutional Cluster | $0.3583 $0.2591 | ▲ +27.69% | ▲ +27.13% | — |
May 11, 2026 24w ago | 8-K | $0.5950 $0.5560 | ▼ −6.55% | ▼ −4.83% | — |
Apr 22, 2026 26w ago | DEFA14A | $0.6880 $0.6140 | ▼ −10.76% | ▼ −15.39% | — |
Apr 21, 2026 26w ago | 8-K | $0.7360 $0.5670 | ▼ −22.96% | ▼ −26.13% | — |
Feb 28, 2026 34w ago | Institutional Cluster | $0.6900 $0.6000 | ▼ −13.04% | ▼ −5.11% | — |
US Market Status
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