The cluster is dominated by a single large active manager (Assenagon) making a high-conviction addition, while the other two buyers are small. The lack of insider buying and recent insider selling suggest the institutional thesis may not be shared by management. Monitor next 13F for any unwinding of these positions.
Executive Summary
Three institutional investors increased their ELVN positions in Q3 2026, led by Assenagon Asset Management which more than tripled its stake to $52.9M. No institutional selling was reported. The cluster is small in fund count but shows strong conviction, though the 45-day reporting lag and absence of insider buying temper the signal.
Key Financial Metrics
Institutional Positions
Net institutional flow: $37.4M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | DOUBLED | +276.4% | $52.9M | $37.3M |
| Mirae Asset Global Investments Co. | ADD | +37.4% | $172.0K | $33.0K |
| Proshare Advisors | ADD | +29.5% | $452.0K | $66.0K |
Key Facts
- Three institutional buyers added $37.4M net to ELVN positions in Q3 2026
- Assenagon Asset Management doubled its stake (+276.4%), adding $37.3M to reach $52.9M
- Proshare Advisors added 29.5% to its position, now valued at $452K
- Mirae Asset Global Investments added 37.4%, now valued at $172K
- No institutional sellers in the cluster
- Insider activity: 3 sells totaling $1.0M in the 30 days before the snapshot; no open-market insider buying
Financial Impact
Three institutions accumulated $37.4M net in ELVN during Q3 2026, with Assenagon alone adding $37.3M
Risk Factors
- 13F data is 45+ days stale; positions may have been reduced or exited since quarter-end
- Only 3 funds involved, with one fund (Assenagon) representing 99.7% of the net buying, not a broad consensus
- No insider buying to corroborate the institutional signal; recent insider selling is a contrary indicator
- Small absolute dollar amounts from Proshare and Mirae suggest limited conviction from those funds
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-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | Institutional Cluster | $45.08 | awaiting T+5 | awaiting T+5 | No price |
Oct 27, 2026 5d ago | SC 13G/A | $44.78 | awaiting T+5 | awaiting T+5 | No price |
Oct 21, 2026 11d ago | Insider Cluster | $41.93 $45.08 | ▲ +7.51% | ▲ +6.81% | No price |
Oct 19, 2026 13d ago | 144 | $41.25 $43.69 | ▲ +5.92% | ▲ +5.84% | No price |
Oct 16, 2026 16d ago | 3 | $38.70 $41.49 | ▲ +7.21% | ▲ +7.35% | No price |
Oct 14, 2026 18d ago | 8-K | $39.33 $41.93 | ▲ +6.61% | ▲ +7.63% | No price |
Sep 21, 2026 5w ago | Insider Cluster | $48.19 $46.51 | ▼ −3.49% | ▼ −2.30% | No price |
Sep 4, 2026 8w ago | 144 | $59.32 $54.43 | ▼ −8.24% | ▼ −7.03% | No price |
Aug 19, 2026 10w ago | Insider Cluster | $58.97 $60.50 | ▲ +2.59% | ▲ +1.48% | No price |
Aug 9, 2026 12w ago | Institutional Cluster | $59.42 $59.54 | ▲ +0.19% | ▲ +0.24% | No price |
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.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers