Monitor next 13F filing to see if the buying cluster persists or reverses; the large Assenagon trim may signal a fundamental concern that smaller buyers are ignoring. No insider buying confluence is present to corroborate the bullish cluster.
Executive Summary
Seven asset managers added or doubled their DLTR positions in Q3 2026, with aggregate buying of $8.3M, while one large holder (Assenagon) trimmed $40.3M. The cluster is dominated by small-to-mid-size active managers, suggesting a shared thesis around value or recovery, but the single large seller outweighs the buyers in dollar terms, and 13F data is stale by 45+ days.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$32.0M
▲ Buyers (7)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Wealth Enhancement Advisory Services | ADD | +93.3% | $7.6M | $3.5M |
| Td Waterhouse Canada | ADD | +89.2% | $3.5M | $1.5M |
| Assetmark | DOUBLED | +1511.7% | $1.5M | $1.4M |
| Hb Wealth Management | DOUBLED | +215.9% | $2.0M | $1.3M |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | TRIM | -59.2% | $65.4M | -$40.3M |
Key Facts
- 7 buyers added $8.3M in net new value; 1 seller reduced $40.3M
- Largest buyer: Wealth Enhancement Advisory Services added $3.5M (+93.3% shares)
- Largest seller: Assenagon Asset Management trimmed $40.3M (-59.2% of its position)
- All funds are asset managers — no activist, quant, or family office presence
- Net dollar flow is negative (-$32.0M) due to Assenagon's large trim
Financial Impact
Aggregate buying of $8.3M by 7 funds vs. selling of $40.3M by 1 fund; net institutional outflow of $32.0M in Q3 2026
Risk Factors
- 13F data is 45+ days stale — positions may have been unwound since quarter-end
- Single large seller ($40.3M) dominates the cluster's net dollar flow
- No activist or high-conviction fund types (e.g., value specialists) among buyers
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-DLTR-2026-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | Institutional Cluster | $123.69 | awaiting T+20 | — | — |
Oct 23, 2026 4d ago | Institutional Cluster | $125.31 | awaiting T+20 | — | — |
Sep 4, 2026 7w ago | Insider Cluster | $124.04 $116.19 | ▼ −6.33% | ▼ −8.30% | — |
Aug 27, 2026 8w ago | 8-K | $127.00 $113.50 | ▼ −10.63% | ▼ −10.12% | — |
Jul 2, 2026 16w ago | 8-K | $124.05 $128.57 | ▲ +3.64% | ▲ +4.06% | — |
May 28, 2026 21w ago | 8-K | $113.03 $118.21 | ▲ +4.59% | ▲ +7.28% | — |
Feb 28, 2026 34w ago | Institutional Cluster | $119.85 $105.66 | ▼ −11.84% | ▼ −3.90% | — |
US Market Status
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