The cluster is small relative to DRI's $24.1B market cap and lacks insider corroboration. Monitor next 13F for continuation or reversal of this buying pattern, and watch for any catalyst (earnings, guidance, or strategic moves) that might explain the thesis.
Executive Summary
Three asset managers added to their DRI positions in Q3 2026, totaling $4.4M in net buying, while one advisor trimmed $2.9M. The cluster shows moderate bullish conviction from active managers, though the 45-day reporting lag and absence of insider buying weaken the signal.
Key Financial Metrics
Institutional Positions
Net institutional flow: $1.5M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Exchange Traded Concepts | ADD | +42.8% | $2.1M | $535.0K |
| Assenagon Asset Management | ADD | +55.2% | $9.3M | $2.9M |
| Abn Amro Investment Solutions | ADD | +50% | $3.1M | $909.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Concurrent Investment Advisors | TRIM | -31.7% | $8.2M | -$2.9M |
Key Facts
- 3 institutional buyers added $4.4M in net new value during Q3 2026
- 1 institutional seller trimmed $2.9M, leaving net buying of $1.5M across the cluster
- All three buyers are active asset managers (not passive/index funds)
- No insider buying corroborates the cluster (confluence score 0/100)
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
Financial Impact
Net institutional buying of $1.5M across 4 funds, with total buying of $4.4M and total selling of $2.9M
Risk Factors
- 13F data is stale by 45+ days; the cluster may have been unwound
- No insider buying to confirm conviction
- Cluster size is negligible relative to market cap (0.006% of float)
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-DRI-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 1d ago | Institutional Cluster | $216.56 $220.48 | ▲ +1.81% | ▲ +2.19% | No price |
Oct 23, 2026 6d ago | 8-K | $213.25 $213.96 | ▲ +0.33% | ▼ −0.23% | No price |
Oct 6, 2026 23d ago | 144 | $201.49 $200.52 | ▼ −0.48% | ▼ −0.06% | No price |
Sep 24, 2026 5w ago | 8-K | No price | awaiting T+1 | awaiting T+1 | No price |
Sep 24, 2026 5w ago | Press Release | $207.24 $199.75 | ▼ −3.61% | ▼ −4.16% | No price |
Aug 27, 2026 9w ago | Press Release | $215.63 $214.26 | ▼ −0.64% | ▼ −0.34% | No price |
Aug 10, 2026 11w ago | DEFA14A | $217.97 $218.90 | ▲ +0.43% | ▲ +0.75% | No price |
Aug 7, 2026 11w ago | Insider Cluster | $213.76 $217.97 | ▼ −1.97% | ▼ −2.00% | No price |
Aug 4, 2026 12w ago | Insider Cluster | $204.57 $208.85 | ▲ +2.09% | ▲ +2.29% | No price |
Jul 30, 2026 13w ago | Insider Cluster | $203.58 $206.24 | ▲ +1.31% | ▼ −0.12% | No price |
US Market Status
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