The cluster is heavily weighted toward active managers (Envestnet, Mirae, Citigroup) making large new/add bets, which is a positive signal for EMXC's ex-China EM strategy. However, the 45-day lag means these positions are already stale — watch for Q3 13F filings to see if these funds held or exited. The lack of insider buying reduces conviction; treat this as a moderate bullish signal, not a strong one.
Executive Summary
A strong institutional accumulation cluster formed in EMXC during 2026-Q2, with 14 buyers adding $308.7M in net new positions versus only 1 seller trimming $5.2M. The buying is dominated by active asset managers, including Envestnet Asset Management ($148.6M add), Mirae Asset Global ($43.1M add), and Citigroup ($56.7M add), suggesting a shared thesis around EMXC's emerging-market ex-China exposure. However, the signal is weakened by the absence of any open-market insider buying (Form 4 confluence score 39/100, 'institutions_only') and the 45-day 13F reporting lag, meaning positions may have already been adjusted.
Key Financial Metrics
Institutional Positions
Net institutional flow: $308.7M
▲ Buyers (14)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Envestnet Asset Management | ADD | +47.5% | $310.3M | $148.6M |
| Citigroup | DOUBLED | +574% | $64.0M | $56.7M |
| Mirae Asset Global Investments Co. | DOUBLED | +3837.9% | $43.9M | $43.1M |
| Mml Investors Services | DOUBLED | +171.2% | $43.0M | $30.8M |
| Alps Advisors | ADD | +31.9% | $35.4M | $14.8M |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Private Advisor Group | TRIM | -48.8% | $15.4M | -$5.2M |
Key Facts
- 14 institutional buyers added $308.7M in net new positions during 2026-Q2
- Only 1 seller (Private Advisor Group) trimmed $5.2M, a negligible 1.6% of total buying
- Top additions: Envestnet Asset Management +$148.6M, Citigroup +$56.7M, Mirae Asset Global +$43.1M
- No open-market insider buying detected — signal is purely institutional
- Historical performance on EMXC shows mixed results: +6.01% at T+5 but -1.44% at T+20 on prior report
Financial Impact
14 institutions accumulated $531.5M in total current holdings, with net new buying of $308.7M, while 1 seller reduced holdings by $5.2M
Risk Factors
- 13F data is 45+ days stale — positions may have been unwound since quarter-end
- No insider buying to corroborate the institutional thesis
- Historical T+20 performance on prior EMXC report was negative (-1.44%) despite high initial score
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-EMXC-2026-Q2 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 6w ago | Institutional Cluster | $98.30 $96.96 | ▼ −1.36% | ▲ +0.61% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $99.75 $98.31 | ▼ −1.44% | ▼ −3.22% | — |
US Market Status
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