The cluster shows selective accumulation by active asset managers, notably Assenagon's large doubling, but dollar amounts are tiny relative to ETR's market cap. Monitor for upcoming earnings or regulatory catalysts that could explain the thesis; the lack of insider buying weakens the signal.
Executive Summary
Six asset managers accumulated $39.7M in ETR during Q2 2026, led by Assenagon Asset Management doubling its stake to $35.3M, while Banco Santander trimmed $6.3M. The net buying of ~$33.5M is small relative to ETR's $49.3B market cap but shows selective conviction from active managers.
Key Financial Metrics
Institutional Positions
Net institutional flow: $33.5M
▲ Buyers (6)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | DOUBLED | +702.8% | $35.3M | $31.0M |
| Kestra Advisory Services | DOUBLED | +189.6% | $11.1M | $7.4M |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Banco Santander | TRIM | -27% | $24.8M | -$6.3M |
Key Facts
- 6 buyers vs 1 seller in Q2 2026 institutional cluster
- Assenagon Asset Management doubled position from $4.3M to $35.3M (+702.8%)
- Kestra Advisory Services doubled from $3.8M to $11.1M (+189.6%)
- Banco Santander trimmed 27% of its stake, selling $6.3M
- Net institutional buying of approximately $33.5M
- No insider open-market buying corroborates the cluster (confluence score 20/100, divergent)
Financial Impact
Net institutional buying of ~$33.5M, with Assenagon alone adding $31.0M. Total buyer holdings reached $52.4M.
Risk Factors
- Small absolute dollar amounts relative to market cap limit price impact
- No insider buying to corroborate the institutional thesis
- Historical calibration shows limited predictive power for this filing type at score 5-6
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-ETR-2026-Q2 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | Insider Cluster | $102.92 $101.16 | ▼ −1.71% | ▼ −3.84% | — |
Sep 2, 2026 29d ago | 8-K | $107.78 $105.33 | ▼ −2.27% | ▼ −1.12% | — |
Aug 6, 2026 8w ago | Insider Cluster | $106.49 $106.91 | ▲ +0.39% | ▼ −0.82% | — |
Aug 3, 2026 8w ago | Institutional Cluster | $108.06 $105.65 | ▼ −2.23% | ▼ −4.26% | — |
Jun 23, 2026 14w ago | 8-K | $114.69 $112.86 | ▼ −1.60% | ▼ −3.30% | — |
Mar 27, 2026 26w ago | DEFA14A | $110.46 $113.87 | ▲ +3.09% | ▼ −1.21% | — |
Feb 28, 2026 30w ago | Institutional Cluster | $106.05 $104.65 | ▼ −1.32% | ▼ −0.11% | — |
Feb 23, 2026 31w ago | Insider Cluster | $104.30 $106.63 | ▲ +2.23% | ▲ +1.61% | — |
Feb 23, 2026 31w ago | Insider Cluster | $104.30 $106.63 | ▲ +2.23% | ▲ +1.61% | — |
US Market Status
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