The unanimous accumulation by active asset managers suggests a shared thesis on Elanco's fundamentals or a pending catalyst. Monitor upcoming earnings and any Form 4 insider buying for corroboration before acting on this cluster.
Executive Summary
Three asset managers increased their Elanco Animal Health positions in Q3 2026, led by Artemis Investment Management adding $30.3M to bring its stake to $103.3M. The cluster is purely accumulative with no institutional sellers, suggesting a shared positive thesis on the animal health sector or Elanco-specific catalysts.
Key Financial Metrics
Institutional Positions
Net institutional flow: $31.0M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Artemis Investment Management | ADD | +55.5% | $103.3M | $30.3M |
| Wealth Enhancement Advisory Services | DOUBLED | +155% | $1.4M | $695.0K |
| Mather Group | DOUBLED | +144.6% | $8.0K | $4.0K |
Key Facts
- Three asset managers accumulated $31.0M in net new ELAN positions during Q3 2026
- Artemis Investment Management added 1.65M shares (+55.5%), increasing its stake from $73.0M to $103.3M
- Wealth Enhancement Advisory Services doubled its position (+155.0%), adding $695K to reach $1.4M
- No institutional sellers were identified in this cluster
- All three buyers are active asset managers, not passive/index funds, strengthening the signal
Financial Impact
Three institutions accumulated $31.0M in net new ELAN positions during Q3 2026, with total current holdings of $104.7M. No selling activity was detected.
Risk Factors
- 13F data has a 45-day reporting lag; the cluster may have already been unwound
- Small positions from Wealth Enhancement and Mather Group (<$1.4M combined) may not be material for those funds
- No insider buying or other cross-filing context provided to corroborate the cluster
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-ELAN-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 13d ago | Institutional Cluster | $23.54 | awaiting T+60 | — | — |
Sep 11, 2026 6w ago | Press Release | $23.17 | awaiting T+60 | — | — |
Aug 21, 2026 9w ago | Insider Cluster | $24.42 | awaiting T+60 | — | — |
Aug 21, 2026 9w ago | Insider Cluster | $24.42 | awaiting T+60 | — | — |
Aug 18, 2026 10w ago | Insider Cluster | $24.50 | awaiting T+60 | — | — |
Aug 13, 2026 10w ago | Insider Cluster | $23.67 | awaiting T+60 | — | — |
Aug 10, 2026 11w ago | Insider Cluster | $22.73 | awaiting T+60 | — | — |
Aug 5, 2026 11w ago | 8-K | $26.22 | awaiting T+60 | — | — |
Jun 29, 2026 17w ago | Court Ruling | $24.74 $22.93 | ▼ −7.32% | ▼ −11.69% | — |
May 19, 2026 23w ago | Insider Cluster | $23.61 $23.56 | ▼ −0.21% | ▼ −1.83% | — |
US Market Status
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