The mixed cluster with net selling suggests institutional uncertainty. Monitor EB's next earnings for a catalyst that could reverse the selling trend. The large trims by Balyasny and Verition indicate waning conviction, while D.E. Shaw's addition may reflect a value play. Watch for further 13F filings to see if selling accelerates.
Executive Summary
Eventbrite (EB) saw a mixed institutional cluster in Q3 2024 with 7 buyers and 7 sellers, but net selling of ~$11.6M dominated. Major trims by Balyasny (near exit, -90.5%) and Verition (-71%) signal loss of confidence, while D.E. Shaw (+26.4%) and several small funds doubled positions. The cluster reflects institutional uncertainty ahead of upcoming earnings.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$12.6M
▲ Buyers (7)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| D.E. Shaw | ADD | +26.4% | $4.4M | -$1.8M |
| Walleye Capital | DOUBLED | +4102.4% | $586.0K | $561.0K |
| Ameriprise Financial | DOUBLED | +310.4% | $620.0K | $352.0K |
| Connor, Clark & Lunn Investmen | ADD | +46% | $1.3M | -$278.7K |
▼ Sellers (7)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Balyasny Asset Management | NEAR_EXIT | -90.5% | $4.8M | -$4.6M |
| Verition Fund Management | TRIM | -71% | $3.7M | -$3.1M |
| Citadel | TRIM | -36.5% | $3.6M | -$2.3M |
| Sei Investments | TRIM | -61.8% | $1.2M | -$972.3K |
Key Facts
- 7 institutional buyers (current holdings $7.1M) and 7 sellers (net change -$11.6M) in Q3 2024
- Balyasny Asset Management nearly exited, trimming 90.5% of its stake (from $4.8M to $258K)
- Verition Fund Management trimmed 71.0% (from $3.7M to $609K)
- D.E. Shaw added 26.4% but position value fell from $6.2M to $4.4M due to price decline
- Walleye Capital, Ameriprise Financial, and Group One Trading each more than doubled small positions
- Net dollar outflow across all tracked institutions was ~$12.6M
Financial Impact
Net institutional selling of ~$11.6M by sellers vs buying of ~$7.1M by buyers, resulting in a net outflow of ~$4.5M from tracked funds
Risk Factors
- Continued institutional selling pressure if fundamentals deteriorate
- Price decline from weak earnings or guidance
- Low analyst consensus (0% bullish) reinforces negative sentiment
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-EB-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 12, 2026 19w ago | Institutional Cluster | — | awaiting T+20 | — | — |
Mar 20, 2026 31w ago | 15-12G | — | awaiting T+20 | — | — |
US Market Status
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