The cluster is small in absolute dollar terms but unanimous in direction and concentrated among active managers. The buying aligns with the positive earnings report and FY2027 guidance. Monitor next quarter's 13F for follow-through or reversal, and watch for any insider buying to corroborate the thesis.
Executive Summary
Three asset managers independently doubled or added to their FactSet positions in Q3 2026, accumulating $7.4M in net new holdings, while one small seller trimmed. The cluster follows FactSet's Q4 FY2026 earnings beat (adj. EPS $4.52 vs. $4.32 consensus) and FY2027 guidance for 5.0%-6.5% organic ASV growth, suggesting the buying is thesis-driven by the positive earnings report.
Key Financial Metrics
Institutional Positions
Net institutional flow: $7.2M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | DOUBLED | +115.8% | $9.6M | $5.8M |
| Assetmark | DOUBLED | +1974.3% | $1.2M | $1.2M |
| Hb Wealth Management | ADD | +28.3% | $1.8M | $416.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Td Waterhouse Canada | TRIM | -62.7% | $372.0K | -$215.0K |
Key Facts
- 3 institutional buyers added $7.4M net new value in Q3 2026, led by Assenagon Asset Management doubling its stake (+$5.8M to $9.6M)
- Assetmark nearly 20x'd its position (+$1.2M to $1.2M), and Hb Wealth Management added 28.3% (+$416K to $1.8M)
- Only 1 seller (Td Waterhouse Canada) trimmed a small position (-$215K, -62.7% of shares)
- Cluster follows FactSet's Q4 FY2026 earnings beat (adj. EPS $4.52 vs. $4.32 consensus) and FY2027 guidance for 5.0%-6.5% organic ASV growth
- All buyers are active asset managers, not passive/index funds, strengthening the signal
Financial Impact
3 institutions accumulated $7.4M in new FactSet positions while 1 reduced holdings by $215K, for net institutional buying of $7.2M
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Total buying value ($7.4M) is modest relative to FactSet's ~$18B market cap
- Only 4 institutions tracked — small sample size limits signal reliability
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-FDS-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | DEFA14A | $327.77 | awaiting T+5 | — | — |
Oct 26, 2026 today | DEF 14A | — | awaiting T+5 | — | — |
Oct 23, 2026 3d ago | Institutional Cluster | $331.32 | awaiting T+5 | — | — |
Sep 30, 2026 26d ago | 8-K | $269.95 $272.78 | ▲ +1.05% | ▼ −0.86% | — |
Sep 30, 2026 26d ago | Press Release | $269.95 $272.78 | ▲ +1.05% | ▼ −0.86% | — |
Sep 25, 2026 4w ago | 8-K | $273.08 $266.00 | ▼ −2.59% | ▼ −2.37% | — |
Sep 2, 2026 7w ago | Press Release | $305.91 $262.93 | ▼ −14.05% | ▼ −13.09% | — |
Apr 8, 2026 28w ago | 8-K | $222.73 $230.54 | ▲ +3.51% | ▼ −0.01% | — |
Mar 31, 2026 29w ago | Press Release | $216.89 $222.73 | ▲ +2.69% | ▼ −1.25% | — |
Mar 31, 2026 29w ago | 8-K | $216.89 $222.73 | ▲ +2.69% | ▼ −1.25% | — |
US Market Status
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