The concentrated selling by three large active managers (Artemis, Td Waterhouse, Robeco) suggests a shared negative thesis on EVR's near-term outlook. Monitor upcoming earnings for any guidance weakness or advisory fee pressure that could validate the exits.
Executive Summary
Institutional activity in Evercore (EVR) during Q3 2026 was mixed: four small asset managers added modest positions totaling $1.7M, while four larger institutions—including Artemis Investment Management and Td Waterhouse Canada—cut $113.5M in holdings, with two near-exits. The net selling is 67x larger than buying, signaling a clear bearish tilt among active managers despite a few small adds.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$111.8M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Fort Washington Investment Advisors | ADD | +40.1% | $31.5M | $1.7M |
| Farther Finance Advisors | ADD | +81.9% | $519.0K | $141.0K |
| Hb Wealth Management | ADD | +53.8% | $1.0M | -$77.0K |
| Mather Group | ADD | +55.9% | $14.0K | $2.0K |
▼ Sellers (4)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Artemis Investment Management | TRIM | -69.4% | $107.8M | -$82.9M |
| Td Waterhouse Canada | NEAR_EXIT | -86.5% | $25.5M | -$22.9M |
| Robeco Institutional Asset Management B.v. | NEAR_EXIT | -85.2% | $4.6M | -$4.1M |
| Wealth Enhancement Advisory Services | TRIM | -27.8% | $8.3M | -$3.5M |
Key Facts
- 4 buyers added $1.7M in aggregate; 4 sellers reduced $113.5M in aggregate
- Artemis Investment Management trimmed 69.4% of its stake, selling $82.9M worth
- Td Waterhouse Canada and Robeco Institutional Asset Management both executed near-exits, cutting 86.5% and 85.2% of their positions respectively
- All 8 institutions are active asset managers; no passive/index funds in the cluster
- The net dollar selling ($113.5M) dwarfs net buying ($1.7M) by a factor of ~67x
Financial Impact
4 sellers reduced holdings by $113.5M while 4 buyers added $1.7M, resulting in a net institutional outflow of $111.8M
Risk Factors
- 13F data is 45+ days stale; the selling may have already been completed or reversed
- Small buyer positions (Farther Finance, Mather Group, Hb Wealth) are negligible in scale and may reflect routine rebalancing, not conviction
- No insider buying or other corroborating signals to offset the selling
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-EVR-2026-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | Institutional Cluster | $251.88 $257.40 | ▼ −2.19% | ▼ −1.48% | — |
Oct 21, 2026 6d ago | 8-K | $255.39 $251.88 | ▼ −1.37% | ▼ −0.85% | — |
Jul 29, 2026 12w ago | 8-K | $304.71 $312.87 | ▼ −2.68% | ▼ −1.00% | — |
May 26, 2026 22w ago | DEFA14A | $341.65 $346.03 | ▲ +1.28% | ▲ +0.73% | — |
Apr 29, 2026 25w ago | 8-K | $323.31 $320.47 | ▼ −0.88% | ▼ −1.90% | — |
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