The mixed institutional cluster suggests no clear directional signal. Traders should monitor next quarter's 13F filings for confirmation of the buying or selling thesis. The strong analyst bullishness (89% buy) contrasts with significant institutional exits, warranting caution. Watch for insider buying or additional catalysts in the oil & gas equipment sector.
Executive Summary
Institutional 13F cluster for DNOW shows a mixed signal with 17 buyers and 17 sellers in Q1 2026. Notable accumulation by Wellington Management (+$57.8M) and First Trust Advisors (+$46.2M) was offset by full exits from Arrowstreet Capital (-$49.9M) and Balyasny Asset Management (-$13.7M), resulting in a net inflow of ~$27.5M. The divergence suggests no clear consensus on the stock's near-term direction despite strong analyst bullishness.
Key Financial Metrics
Institutional Positions
Net institutional flow: $27.5M
▲ Buyers (17)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Wellington Management Group | ADD | +56.1% | $201.0M | $57.8M |
| First Trust Advisors | DOUBLED | +2335% | $48.4M | $46.2M |
| Marshall Wace | DOUBLED | +302.3% | $22.2M | $16.1M |
| BofA | ADD | +82.5% | $16.9M | $6.6M |
| Ameriprise Financial | ADD | +35.7% | $19.3M | $3.5M |
▼ Sellers (17)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Arrowstreet Capital, Limited P | EXIT | -100% | $49.9M | -$49.9M |
| Balyasny Asset Management | EXIT | -100% | $13.7M | -$13.7M |
| Mirae Asset Global Etfs Holdin | TRIM | -34.8% | $53.5M | -$22.1M |
| Allianz Asset Management | TRIM | -42.4% | $25.4M | -$12.3M |
| Fidelity | TRIM | -33.2% | $8.4M | -$3.4M |
Key Facts
- 17 institutional buyers added $133.0M in new holdings, while 17 sellers reduced by $105.5M, net +$27.5M.
- Wellington Management Group added 6.07M shares (+56.1%), increasing its position to $201.0M.
- First Trust Advisors nearly doubled its stake from $2.2M to $48.4M (+2,335%).
- Marshall Wace doubled its position to $22.2M (+302%).
- Arrowstreet Capital fully exited a $49.9M position.
- Balyasny Asset Management fully exited a $13.7M position.
- Allianz Asset Management trimmed $12.3M (-42.4%), and Mirae Asset Global trimmed $22.1M (-34.8%).
- Analyst consensus is 89% bullish (3 Strong Buy, 5 Buy, 1 Hold), but institutional activity is mixed.
Financial Impact
Institutional cluster shows $133.0M in buying vs $105.5M in selling, net $27.5M inflow. Key buyers: Wellington (+$57.8M), First Trust (+$46.2M), Marshall Wace (+$16.1M). Key sellers: Arrowstreet (-$49.9M), Balyasny (-$13.7M), Allianz (-$12.3M), Mirae (-$22.1M).
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end.
- Divergence between large buyers and sellers indicates uncertainty about DNOW's near-term prospects.
- Oil & gas sector cyclicality could impact demand for field machinery and equipment.
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-DNOW-2026-Q1 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 12, 2026 7w ago | Insider Cluster | $16.31 $15.65 | ▼ −4.05% | ▼ −2.30% | — |
Aug 10, 2026 7w ago | 144 | $16.66 $16.14 | ▼ −3.12% | ▼ −2.06% | — |
Aug 6, 2026 8w ago | 8-K | $15.39 $15.80 | ▲ +2.66% | ▲ +2.06% | — |
Jul 30, 2026 9w ago | Press Release | $13.74 $16.28 | ▼ −18.49% | ▼ −14.52% | — |
Jun 16, 2026 15w ago | Institutional Cluster | $13.49 $13.12 | ▼ −2.74% | ▼ −2.94% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $13.66 $12.84 | ▼ −6.00% | ▼ −7.89% | — |
May 7, 2026 21w ago | 8-K | $13.05 $13.23 | ▲ +1.38% | ▼ −1.76% | — |
Apr 9, 2026 25w ago | DEFA14A | $12.25 $13.50 | ▲ +10.20% | ▲ +2.64% | — |
US Market Status
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