The stark divergence between large-cap buyers (Norges, Swedbank) and aggressive sellers (AllianceBernstein, Invesco) suggests an unresolved fundamental debate. Watch for the next earnings report or material catalyst to tip the balance. The selling by deep-pocketed active managers may weigh on the stock near-term despite sovereign buying support.
Executive Summary
13F-based institutional cluster for Entegris (ENTG) in Q3 2024 reveals sharp divergence: 23 buyers added $322M but 19 sellers reduced $710M, led by AllianceBernstein's near-full exit ($374M sold) and Invesco's 70% trim ($153M). Meanwhile, Norges Bank added $157M and Swedbank doubled its stake, injecting $77.5M. The net $387M selling pressure signals notable bearish lean, despite select large-cap buyers.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$387.3M
▲ Buyers (23)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Norges Bank | ADD | +75% | $503.8M | $157.4M |
| Swedbank Ab | DOUBLED | +249.7% | $118.2M | $77.5M |
| Allianz Asset Management | ADD | +50.3% | $151.7M | $30.3M |
| Ameriprise Financial | ADD | +39.6% | $212.4M | $29.4M |
| Schroder Investment Management | ADD | +36.7% | $57.1M | $7.9M |
▼ Sellers (19)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Alliancebernstein | NEAR_EXIT | -97.7% | $381.5M | -$374.3M |
| Invesco | TRIM | -70.4% | $202.8M | -$152.9M |
| First Trust Advisors | NEAR_EXIT | -86.7% | $66.4M | -$59.0M |
| Massachusetts Financial Servic | EXIT | -100% | $52.2M | -$52.2M |
| Franklin Resources | TRIM | -58.2% | $73.8M | -$48.4M |
Key Facts
- Net institutional selling of ~$387M, despite 23 buyers vs 19 sellers
- AllianceBernstein nearly exited (97.7% reduction, $374M sold); retained only $7.2M
- Invesco trimmed 70.4% ($153M); Massachusetts Financial fully exited ($52M)
- Norges Bank added $157.4M (75% increase to $503.8M); Swedbank doubled (+$77.5M)
- Allianz AM added $30.3M; Ameriprise added $29.4M; Schroders added $7.9M
Financial Impact
Institutions accumulated $322.2M while selling $709.5M, net outflow of $387.3M
Risk Factors
- Heavy institutional selling may indicate undetected headwinds in the semiconductor supply chain
- Potential for further selling if remaining institutional holders follow the exit pattern
- 13F data is 45+ days stale; current positions may already be different
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-ENTG-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 17, 2026 6w ago | Insider Cluster | $163.09 $129.64 | ▼ −20.51% | ▼ −18.53% | — |
Aug 17, 2026 6w ago | Insider Cluster | $163.09 $129.64 | ▼ −20.51% | ▼ −18.53% | — |
Aug 14, 2026 7w ago | Insider Cluster | $161.76 $128.52 | ▼ −20.55% | ▼ −18.56% | — |
Jul 29, 2026 9w ago | 8-K | $117.11 $145.31 | ▲ +24.08% | ▲ +20.11% | — |
Jul 15, 2026 11w ago | 8-K | $138.69 $161.08 | ▲ +16.14% | ▲ +13.80% | — |
Jun 12, 2026 16w ago | Institutional Cluster | $150.52 $145.35 | ▼ −3.43% | ▼ −5.21% | — |
Jun 4, 2026 17w ago | Insider Cluster | $139.22 $146.66 | ▲ +5.34% | ▲ +6.97% | — |
May 18, 2026 19w ago | Insider Cluster | $127.23 $162.89 | ▲ +28.02% | ▲ +25.83% | — |
May 18, 2026 19w ago | Insider Cluster | $127.23 $162.89 | ▲ +28.02% | ▲ +25.83% | — |
May 18, 2026 19w ago | Insider Cluster | $127.23 $162.89 | ▲ +28.02% | ▲ +25.83% | — |
US Market Status
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