The cluster reflects selective active-manager conviction in EQT but lacks insider confirmation and includes a material exit. Monitor Q3 institutional filings for persistence of accumulation and watch for any insider open-market buying to confirm thesis.
Executive Summary
Three active asset managers accumulated $101.1M in EQT positions during Q2 2026, led by Assenagon (+$23.1M), Davenport (+$9.9M), and Qrg Capital (+$2.7M), while one institution fully exited a $28.2M stake. The cluster is directionally bullish with strong active-manager conviction, though the single large exit partially offsets the signal.
Key Financial Metrics
Institutional Positions
Net institutional flow: $7.4M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | ADD | +66.4% | $82.2M | $23.1M |
| Davenport & Co | DOUBLED | +316.8% | $13.9M | $9.9M |
| Qrg Capital Management | DOUBLED | +156.2% | $5.0M | $2.7M |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Swedbank Ab | EXIT | -100% | $28.2M | -$28.2M |
Key Facts
- 3 institutional buyers added $35.6M net, raising combined holdings to $101.1M
- 1 seller (Swedbank) fully exited a $28.2M position, reducing net cluster flow to +$7.4M
- All buyers are active asset managers, not passive/index funds — stronger signal
- No insider open-market buying corroborates the institutional cluster (confluence score 8/100, divergent)
- 13F data is as of Q2 2026, with the usual 45-day reporting lag
Financial Impact
Three active managers accumulated $101.1M total, while one seller exited $28.2M; net inflow of ~$7.4M
Risk Factors
- 13F data is backward-looking (Q2 2026 quarter-end); positions may have been unwound since
- No insider buying alongside the cluster weakens conviction signal
- Single large exit ($28.2M) offsets half of the buyer-side dollar flow
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-EQT-2026-Q2 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 21, 2026 10w ago | Press Release | $54.01 $53.64 | ▼ −0.69% | ▼ −3.58% | — |
Jul 15, 2026 11w ago | Institutional Cluster | $49.25 $54.06 | ▲ +9.77% | ▲ +7.42% | — |
Jun 12, 2026 16w ago | Institutional Cluster | $51.94 $48.85 | ▼ −5.95% | ▼ −7.73% | — |
Apr 21, 2026 23w ago | 8-K | $58.72 $59.77 | ▲ +1.79% | ▼ −1.37% | — |
Apr 14, 2026 24w ago | 8-K | $56.70 $55.78 | ▲ +1.62% | ▲ +7.66% | — |
Mar 12, 2026 29w ago | Insider Cluster | $64.63 $58.65 | ▼ −9.25% | ▼ −11.23% | — |
Feb 26, 2026 31w ago | DEFA14A | $59.69 $66.86 | ▲ +12.02% | ▲ +18.42% | — |
US Market Status
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