The buying is almost entirely from passive index funds, likely reflecting DTIL's inclusion in or rebalancing of indices, not a fundamental thesis. The selling by quant funds (RenTech, Citadel, Point72) is a more active signal. Monitor upcoming earnings and pipeline catalysts for real conviction changes.
Executive Summary
In Q2 2026, 17 institutional buyers accumulated $15.7M net in Precision Biosciences (DTIL), overwhelmingly driven by mega-passive index fund managers (BlackRock, Geode, Northern Trust, JPMorgan, Goldman Sachs) who doubled or more their positions. Seven sellers, including quant funds RenTech, Citadel, and Point72, trimmed $1.0M. The buying is dominated by passive rebalancing, not active conviction, and the selling by sophisticated quant funds suggests caution. The cluster signal is weak due to the passive nature of the buying and the 45-day reporting lag.
Key Financial Metrics
Institutional Positions
Net institutional flow: $14.7M
▲ Buyers (17)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| BlackRock | DOUBLED | +487.1% | $9.2M | $8.1M |
| Geode | DOUBLED | +116.3% | $4.9M | $3.3M |
| Northern Trust | DOUBLED | +150% | $1.5M | $1.1M |
| JPMorgan | DOUBLED | +2255550% | $1.4M | $1.4M |
| Goldman Sachs | DOUBLED | +251.8% | $1.1M | $880.0K |
▼ Sellers (7)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| RenTech | TRIM | -69.3% | $1.2M | -$688.0K |
| Citadel | TRIM | -40.9% | $638.0K | -$99.0K |
| Point72 | TRIM | -60.4% | $196.0K | -$85.0K |
| Susquehanna International Group | TRIM | -49% | $355.0K | -$96.0K |
| Bnp Paribas Financial Markets | TRIM | -70.7% | $142.0K | -$82.0K |
Key Facts
- 17 institutional buyers added a net $15.7M in Q2 2026, while 7 sellers reduced by $1.0M.
- BlackRock doubled its stake to 1.17M shares ($9.2M), the largest buyer by dollar value.
- Geode, JPMorgan, Goldman Sachs, Northern Trust, and Schwab all doubled or more their positions.
- Renaissance Technologies trimmed 69.3% of its position, Citadel trimmed 40.9%, and Point72 trimmed 60.4%.
- No activist or high-conviction active value fund was among the buyers; the buying is dominated by mega-passive index funds.
Financial Impact
Institutional buyers added $15.7M in new positions, while sellers reduced by $1.0M, for a net inflow of $14.7M.
Risk Factors
- 13F data is 45 days stale; positions may have been unwound since quarter-end.
- Passive buying provides no fundamental conviction signal; the cluster may be purely mechanical.
- Quant selling suggests sophisticated capital is reducing exposure despite the passive inflow.
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-DTIL-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 22, 2026 4w ago | Institutional Cluster | $7.19 $6.36 | ▼ −11.54% | ▼ −10.82% | — |
Aug 24, 2026 9w ago | 8-K | $8.45 $8.55 | ▲ +1.18% | ▲ +0.86% | — |
Aug 6, 2026 11w ago | 8-K | $7.42 $7.49 | ▲ +0.94% | ▲ +0.33% | — |
Jul 27, 2026 13w ago | 8-K | $7.25 $7.17 | ▼ −1.10% | ▼ −1.34% | — |
Jul 1, 2026 16w ago | 8-K | $7.88 $8.18 | ▲ +3.81% | ▲ +3.94% | — |
Jun 16, 2026 18w ago | 8-K | $6.50 $6.81 | ▲ +4.77% | ▲ +3.99% | — |
May 27, 2026 21w ago | 8-K | $7.59 $6.92 | ▼ −8.83% | ▼ −9.38% | — |
May 26, 2026 21w ago | 8-K | $7.59 $6.92 | ▼ −8.83% | ▼ −9.38% | — |
May 5, 2026 24w ago | 8-K | $7.45 $7.52 | ▲ +0.94% | ▼ −0.45% | — |
Apr 8, 2026 28w ago | DEFA14A | $5.99 $6.61 | ▲ +10.35% | ▲ +9.78% | — |
US Market Status
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