The cluster signals growing institutional interest, but the 45-day lag means positions may have been partially unwound. Monitor upcoming pipeline catalysts and next 13F for confirmation. The lack of insider buying (confluence score 20/100) tempers conviction — treat this as a moderate bullish signal, not a high-conviction entry.
Executive Summary
Six institutional asset managers accumulated $28.5M in ELVN during Q2 2026, with zero sellers. The largest new position was Assenagon Asset Management ($15.6M), while TD Asset Management and Russell Investments more than doubled their stakes. This broad-based buying suggests growing institutional conviction, though the 45-day 13F reporting lag means positions may have been adjusted since quarter-end.
Key Financial Metrics
Institutional Positions
Net institutional flow: $28.5M
▲ Buyers (6)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | NEW | +100% | $15.6M | $15.6M |
| New York State Common Retirement Fund | ADD | +73.8% | $3.4M | $1.9M |
| Citigroup | DOUBLED | +108.9% | $1.6M | $982.0K |
| Td Asset Management | DOUBLED | +1176% | $5.6M | $5.2M |
| Russell Investments Group | DOUBLED | +2963.6% | $4.7M | $4.5M |
| Arizona State Retirement System | ADD | +45.1% | $660.0K | $309.0K |
Key Facts
- 6 institutional buyers, 0 sellers in Q2 2026
- Aggregate net buying of $28.5M (current holdings $31.4M)
- Assenagon Asset Management initiated a $15.6M position (306.6K shares)
- TD Asset Management doubled its position (+1,176%) to $5.6M
- Russell Investments Group increased by +2,964% to $4.7M
- All buyers are asset managers (no activist or hedge fund involvement)
- Confluence with insider activity is weak (score 20/100, divergent)
Financial Impact
Net institutional buying of $28.5M, representing approximately 0.65% of ELVN's $4.4B market cap
Risk Factors
- 13F data is 45+ days stale; positions may have been reduced since quarter-end
- No insider open-market buying to corroborate the institutional thesis
- All buyers are asset managers, not high-conviction activists or hedge funds
- ELVN has a small float; large institutional moves could be amplified but also reversed
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-ELVN-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Insider Cluster | $41.93 | awaiting T+5 | — | — |
Oct 19, 2026 7d ago | 144 | $41.25 | awaiting T+5 | — | — |
Oct 16, 2026 10d ago | 3 | $38.70 $41.49 | ▲ +7.21% | ▲ +7.35% | — |
Oct 14, 2026 12d ago | 8-K | $39.33 $41.93 | ▲ +6.61% | ▲ +7.63% | — |
Sep 21, 2026 5w ago | Insider Cluster | $48.19 $46.51 | ▼ −3.49% | ▼ −2.30% | — |
Sep 4, 2026 7w ago | 144 | $59.32 $54.43 | ▼ −8.24% | ▼ −7.03% | — |
Aug 19, 2026 9w ago | Insider Cluster | $58.97 $60.50 | ▲ +2.59% | ▲ +1.48% | — |
Aug 9, 2026 11w ago | Institutional Cluster | $59.42 $59.54 | ▲ +0.19% | ▲ +0.24% | — |
Jul 21, 2026 13w ago | Insider Cluster | $52.85 $52.97 | ▲ +0.23% | ▲ +2.63% | — |
Jun 22, 2026 17w ago | 144 | $48.60 $50.85 | ▲ +4.63% | ▲ +3.62% | — |
US Market Status
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