The cluster is too small in dollar terms and too passive-driven to signal a strong thesis. Monitor next 13F season for whether active managers join the buying or if Schwab's move was purely index-rebalancing.
Executive Summary
Three institutions accumulated $3.0M in DJCO during Q3 2024, led by Schwab doubling its stake to $4.2M, while two asset managers trimmed small positions totaling $135K. The net buying is modest in absolute dollar terms and dominated by a passive index fund, limiting the signal strength.
Key Financial Metrics
Institutional Positions
Net institutional flow: $3.0M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Schwab | DOUBLED | +133.2% | $4.2M | $2.8M |
| Cwm | DOUBLED | +2600% | $13.00 | $13.00 |
| Legal & General Group | ADD | +32.3% | $662.0K | $259.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| T. Rowe Price | TRIM | -27.7% | $362.00 | -$37.00 |
| Lazard Asset Management | TRIM | -40.1% | $381.00 | -$98.00 |
Key Facts
- 3 buyers (net +$3.0M) vs 2 sellers (net -$135)
- Schwab doubled its position to $4.2M, accounting for 86% of total buying
- T. Rowe Price and Lazard trimmed small positions totaling $135K
- Cluster is dominated by passive/index-driven flows, not active conviction
Financial Impact
Net institutional buying of approximately $3.0M, with total buying value of $3.1M and total selling value of $135K
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound
- Passive fund buying may reflect index rebalancing, not fundamental conviction
- Low aggregate dollar value relative to DJCO's market cap (~$500M+)
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-DJCO-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 8-K | $602.99 | awaiting T+20 | — | — |
Oct 15, 2026 11d ago | Press Release | $602.99 | awaiting T+20 | — | — |
Sep 11, 2026 6w ago | 8-K | $677.05 $640.57 | ▼ −5.39% | ▼ −7.65% | — |
Aug 12, 2026 10w ago | Press Release | $601.22 $661.90 | ▲ +10.09% | ▲ +11.84% | — |
Aug 12, 2026 10w ago | 8-K | $601.22 $661.90 | ▲ +10.09% | ▲ +11.84% | — |
Jun 11, 2026 19w ago | Institutional Cluster | $556.20 $576.02 | ▲ +3.56% | ▲ +1.78% | — |
May 14, 2026 23w ago | 8-K | $462.61 $556.33 | ▲ +20.26% | ▲ +18.14% | — |
US Market Status
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