The 2024-Q3 institutional cluster in DECK shows overwhelming net buying conviction: 158 accumulators added $120.5M in net new positions against only 10 sellers reducing by $226.4M. Top quant funds Point72 (new $103.2M), Citadel (added $119.0M), and Bridgewater (added $21.1M) led the buying alongside sovereign/mega-passive funds, while Voloridge, Marshall Wace, and Connor Clark made full exits. The cluster is dominated by active quant and fundamental managers, making it a structurally strong signal despite the 45-day 13F reporting lag.
Executive Summary
The 2024-Q3 institutional cluster in DECK shows overwhelming net buying conviction: 158 accumulators added $120.5M in net new positions against only 10 sellers reducing by $226.4M. Top quant funds Point72 (new $103.2M), Citadel (added $119.0M), and Bridgewater (added $21.1M) led the buying alongside sovereign/mega-passive funds, while Voloridge, Marshall Wace, and Connor Clark made full exits. The cluster is dominated by active quant and fundamental managers, making it a structurally strong signal despite the 45-day 13F reporting lag.
Key Financial Metrics
Institutional Positions
▲ Buyers (158)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Point72 | NEW | +0% | $103.2M | $103.2M |
| Citadel | DOUBLED | +1330.8% | $206.7M | $119.0M |
| Bridgewater | DOUBLED | +1089.1% | $43.2M | $21.1M |
| Norges Bank | DOUBLED | +498% | $298.9M | -$4.5M |
▼ Sellers (10)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Voloridge Investment Managemen | EXIT | -100% | — | -$89.4M |
| Marshall Wace | EXIT | -100% | — | -$38.1M |
| Assenagon Asset Management | NEAR_EXIT | -79.3% | — | -$40.9M |
Key Facts
- 158 institutional buyers vs 10 sellers — net confluence by broad cross-section of active managers, quants, and sovereign funds
- Point72 opened a new $103.2M position; Citadel doubled to $206.7M; Bridgewater +$21.1M — three top-tier quant shops aligned long
- Total buyer holdings at $1.28B, net buyer inflow of $120.5M
- Sellers totaled $226.4M in net outflows led by Voloridge (full exit of $89.4M), Marshall Wace (full exit $38.1M), and Assenagon ($40.9M trim)
- Mega-passive funds (T. Rowe, Schwab, Invesco) doubled share counts but showed declining dollar values — share-price timing effect, not a bearish signal
- Historical calibration shows prior DECK reports had zero T+20 win rate (0/1 settled) — caution required on score inflation
Financial Impact
3 dominant quant funds added $243.4M in new or expanded DECK positions; aggregate institutional buying value $1.28B with net inflow $120.5M against $226.4M of institutional selling
Risk Factors
- 13F data is 45+ days stale; the cluster may have been partially or fully unwound by current date
- Historical cluster reports on DECK show 0% win rate at T+20; institutional crowd may have been wrong
- Mega-passive double positions are likely portfolio rebalancing, not fundamental conviction — inflates buyer count
- Sellers are sizable — nearly $226M in exits by sophisticated multi-managers (Voloridge, Marshall Wace) could signal fundamental 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-DECK-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 9, 2026 23d ago | Court Ruling | $80.23 $77.96 | ▲ +2.83% | ▲ +2.17% | — |
Aug 31, 2026 4w ago | Court Ruling | $87.08 $82.60 | ▲ +5.14% | ▲ +5.00% | — |
Aug 27, 2026 5w ago | Court Ruling | $86.33 $83.76 | ▼ −2.98% | ▼ −2.21% | — |
Jul 31, 2026 9w ago | Institutional Cluster | $96.88 $97.46 | ▲ +0.60% | ▼ −2.91% | — |
Jun 26, 2026 14w ago | Court Ruling | $104.56 $104.69 | ▼ −0.12% | ▲ +2.04% | — |
Jun 23, 2026 14w ago | Court Ruling | $103.63 $99.29 | ▼ −4.19% | ▼ −5.99% | — |
Jun 12, 2026 16w ago | Institutional Cluster | $113.83 $109.11 | ▼ −4.15% | ▼ −4.82% | — |
Feb 28, 2026 30w ago | Institutional Cluster | $114.51 $104.32 | ▼ −8.90% | ▼ −7.69% | — |
US Market Status
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