Monitor for a common catalyst (e.g., energy sector rotation, company-specific operational improvements) that could explain the coordinated buying; the absence of insider buying reduces conviction, and the 45-day 13F lag means positions may have been unwound. Historical cluster signals on DVN have underperformed, so treat this as a modest positive signal.
Executive Summary
Three institutional asset managers added to DVN positions in Q2 2026, with Davenport & Co leading by more than doubling its stake to $15.6M. The net accumulation of $19.8M is modest relative to DVN's $48.7B market cap, but the unanimous buying direction and active management involvement suggest a shared positive thesis. No insider buying corroborates, and historical signals on DVN have been poor.
Key Financial Metrics
Institutional Positions
Net institutional flow: $19.8M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Davenport & Co | DOUBLED | +1252.1% | $15.6M | $14.2M |
| Czech National Bank | ADD | +94.3% | $13.6M | $5.1M |
| Assenagon Asset Management | ADD | +37.4% | $5.0M | $571.0K |
Key Facts
- 3 institutional buyers, 0 sellers in Q2 2026
- Davenport & Co increased position by 1252% to $15.6M
- Czech National Bank added 94.3% to $13.6M
- Assenagon Asset Management added 37.4% to $5.0M
- Total institutional holdings disclosed: $34.2M
- No insider open-market buying in the quarter (confluence score 7/100 divergent)
Financial Impact
3 institutions accumulated $19.8M in net new positions, bringing total disclosed holdings to $34.2M
Risk Factors
- 45-day reporting lag: positions may have been reduced or exited since quarter-end
- Historical cluster signals on DVN have shown negative average alpha at T+20
- No insider buying corroborates the institutional thesis
- Small cluster size (3 funds) limits signal strength
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-DVN-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | Insider Cluster | $49.73 $47.59 | ▼ −4.30% | ▼ −5.96% | — |
Jul 13, 2026 11w ago | Institutional Cluster | $43.73 $43.83 | ▲ +0.23% | ▲ +1.01% | — |
Jun 25, 2026 14w ago | 8-K | $42.21 $40.47 | ▼ −4.12% | ▼ −6.29% | — |
Jun 9, 2026 16w ago | Press Release | $46.60 $42.89 | ▼ −7.96% | ▼ −11.39% | — |
Jun 5, 2026 16w ago | 8-K | $45.08 $43.53 | ▼ −3.44% | ▼ −5.55% | — |
May 22, 2026 19w ago | 8-K | $47.29 $46.31 | ▼ −2.07% | ▼ −3.73% | — |
May 21, 2026 19w ago | 8-K | $47.09 $44.50 | ▼ −5.50% | ▼ −7.35% | — |
May 21, 2026 19w ago | Press Release | $47.09 $44.50 | ▼ −5.50% | ▼ −7.35% | — |
May 15, 2026 19w ago | Insider Cluster | $49.67 $45.14 | ▼ −9.12% | ▼ −10.74% | — |
May 15, 2026 19w ago | Insider Cluster | $49.67 $45.14 | ▼ −9.12% | ▼ −10.74% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access