The Q3 13F cluster shows strong active-manager buying, but the 45-day lag means positions may have shifted. Monitor for any subsequent 13D/A or earnings catalyst to confirm the thesis.
Executive Summary
26 institutions net purchased $269M of EXAS in Q3, led by Ameriprise (+$214.7M), Schroder (+$28.8M), and Soros (+$16.3M), while 20 sellers reduced by $31.3M, including Citadel near-exit (-$18.8M). The strong accumulation by active managers signals conviction in the company's growth despite mixed analyst sentiment.
Key Financial Metrics
Institutional Positions
Net institutional flow: $269.0M
▲ Buyers (26)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Ameriprise Financial | DOUBLED | +104.3% | $308.3M | $214.7M |
| Schroder Investment Management | ADD | +84.1% | $44.2M | $28.8M |
| Soros Fund Management | ADD | +68.3% | $25.8M | $16.3M |
| Hsbc Holdings | DOUBLED | +226.7% | $18.7M | $15.2M |
| Td Asset Management | ADD | +31.6% | $31.5M | $16.2M |
▼ Sellers (20)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Citadel | NEAR_EXIT | -97.7% | $19.5M | -$18.8M |
| Norges Bank | TRIM | -45.2% | $52.5M | -$6.1M |
| Canada Pension Plan Investment | NEAR_EXIT | -97.6% | $4.1M | -$4.0M |
Key Facts
- 26 buyers accumulated $300.3M in new EXAS holdings, while 20 sellers reduced by $31.3M.
- Ameriprise Financial doubled its position to $308.3M, a $214.7M increase.
- Soros Fund Management added 68.3% to $25.8M.
- Schroder Investment Management added 84.1% to $44.2M.
- Citadel nearly exited, reducing by 97.7% from $19.5M to $731K.
- Canada Pension Plan Investment nearly exited, reducing by 97.6% from $4.1M to $157K.
Financial Impact
Net institutional accumulation of approximately $269M (buyers added $300.3M, sellers reduced $31.3M).
Risk Factors
- 13F data is 45 days stale; positions may have been reversed.
- Notable selling by Citadel and Canada Pension Plan could signal hedge fund skepticism.
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-EXAS-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 29, 2026 9w ago | Court Ruling | — | awaiting T+5 | — | — |
Jun 12, 2026 16w ago | Institutional Cluster | — | awaiting T+5 | — | — |
Apr 2, 2026 26w ago | 15-12G | — | awaiting T+5 | — | — |
Feb 28, 2026 30w ago | Institutional Cluster | $103.35 $103.73 | ▲ +0.37% | ▲ +1.58% | — |
US Market Status
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