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Institutional Cluster

DX

DYNEX CAPITAL INC
BULLISH
Impact 5/10
Horizonweeks Processed4mo ago
Institutional cluster: 5 buyers, 1 sellers (bullish)
Actionable Insight ▲ Bullish

The cluster is dominated by passive/quant rebalancing (BlackRock, Morgan Stanley, Citadel) rather than thesis-driven active managers. Monitor next 13F for continuation; if active value funds like Bramshill continue adding, it would strengthen the signal. The BofA near-exit is a minor contrarian flag but likely portfolio rebalancing.

DirectionBullish
Confidencemedium
Horizonweeks
Final — all horizons settled through T+60d
DX ▲ 0.00% at T+60d
LONG call ✗ call lost 0.00% · α vs SPY -4.40% · entry $12.90 → $12.90
Entry = T+0 close
Jun 11, 2026
via day close
T+1d
+0.23%
call +0.23% · α -0.31%
$12.93
settled 5mo ago
T+5d
+1.16%
call +1.16% · α +0.73%
$13.05
settled 4mo ago
T+20d
+1.94%
call +1.94% · α +0.05%
$13.15
settled 4mo ago
T+60d
0.00%
call 0.00% · α -4.40%
$12.90
settled 7w ago

Executive Summary

Five institutional investors, including BlackRock, Citadel, and Morgan Stanley, added $41.4M in DX shares during Q3 2025, while BofA nearly exited its position. The cluster is dominated by passive/quant funds, with BlackRock alone adding $30.5M, suggesting a broad rebalancing or yield-driven thesis rather than a catalyst-specific bet.

Key Financial Metrics

Direction
accumulating
Buy Value
$167.9M
Sell Value
$816.0K
Net Flow
$38.6M

Institutional Positions

Net institutional flow: $38.6M

▲ Buyers (5)

InstitutionActionChangePosition ValueValue Δ
BlackRockADD+26.3%$143.5M$30.5M
CitadelDOUBLED+138.6%$9.1M$5.3M
Morgan StanleyADD+52.3%$13.9M$4.8M
BramshillDOUBLED+103.1%$1.5M$746.0K
T. Rowe PriceADD+32.3%$857.00$213.00

▼ Sellers (1)

InstitutionActionChangePrev ValueValue Δ
BofANEAR_EXIT-77.6%$3.6M-$2.8M

Key Facts

  • 5 buyers added $41.4M in aggregate; 1 seller reduced by $2.8M
  • BlackRock increased its stake by 26.3% to $143.5M, accounting for 74% of total buying
  • Citadel doubled its position to $9.1M; Bramshill doubled to $1.5M
  • BofA cut 77.6% of its stake, exiting from $3.6M to $816K
  • Net institutional inflow of ~$38.6M into DX in Q3 2025

Financial Impact

Net institutional buying of $38.6M, with total buyer holdings reaching $167.9M vs seller holdings of $816K

institutional ownershipfloat demand

Risk Factors

  • 13F data is 45+ days stale; positions may have been unwound since quarter-end
  • Passive/quant dominance means the cluster may reflect index rebalancing, not fundamental conviction
  • BofA's near-exit could signal a negative credit or sector view not shared by other sellers

Market Snapshot

Exchange
NYSE
Sector
Real Estate Investment Trusts
Analyst Consensus
79% bullish (14 analysts)

Investment Themes

Real Estate

Documents Analyzed

This report is based on 1 institutional 13F filing from SEC EDGAR.

DocumentAccession Number
INST-CLUSTER Data (Synthetic)inst-cluster-DX-2025-Q3
15 reports for DX
Performance horizon
17% Hit rate @ T+1 1 of 6 directional calls Went positive at some point 1 of 6 best @ T+1▲ +0.16%Apr 20, 2026
Filters
Rows
Reports for DX — sortable, filterable
TypeNow
Oct 21, 2026
6d ago
Insider Cluster
BULLISH ★ 5/10
$11.05 $10.92▼ −1.18%▼ −0.65%—
Oct 20, 2026
7d ago
Insider Cluster
BULLISH ★ 5/10
$11.05 $11.05· 0.00%▲ +1.18%—
Oct 19, 2026
8d ago
8-K
BEARISH ★ 6/10
$10.56 $10.96▼ −3.79%▼ −3.45%—
Sep 25, 2026
4w ago
8-K
NEUTRAL ★ 4/10
$11.33 $11.39▲ +0.53%▲ +0.71%—
Sep 23, 2026
4w ago
424B5
NEUTRAL ★ 4/10
$11.34 $11.34· 0.00%▼ −0.54%—
Sep 22, 2026
5w ago
424B5
NEUTRAL ★ 4/10
$12.10 $11.73▼ −3.06%▼ −2.34%—
Aug 9, 2026
11w ago
Institutional Cluster
MIXED ★ 3/10
$12.78 $12.93▲ +1.17%▲ +1.49%—
Jul 20, 2026
14w ago
8-K
BULLISH ★ 6/10
$13.12 $13.02▼ −0.76%▼ −1.60%—
Jun 11, 2026
19w ago
Institutional Cluster
BULLISH ★ 5/10
$12.90 $12.93▲ +0.23%▼ −0.31%—
May 22, 2026
22w ago
8-K
NEUTRAL ★ 2/10
$26.11 $26.00▼ −0.40%▼ −0.42%—
Showing 10 of 15

US Market Status

Market Closed — Opens Thu (11h 3m)

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Report published Jun 11, 2026