The unanimous institutional selling, led by two large active managers fully exiting or halving positions, suggests a shared negative thesis on FDXF's near-term outlook. Monitor for any operational or competitive headwinds in the freight sector that could explain this coordinated reduction.
Executive Summary
Four institutional asset managers reduced or exited their FDXF positions in Q3 2026, with aggregate selling of $39.1M. Parnassus Investments fully exited a $23.5M position, while Robeco trimmed nearly half its stake ($15.0M sold). No institutional buyers were identified, creating a one-sided bearish cluster signal.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$39.1M
▼ Sellers (4)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Concurrent Investment Advisors | TRIM | -26.1% | Not reported | -$314.0K |
| Robeco Institutional Asset Management B.v. | TRIM | -49.5% | Not reported | -$15.0M |
| Assetmark | TRIM | -28.9% | Not reported | -$408.0K |
| Parnassus Investments | EXIT | -100% | Not reported | -$23.5M |
Key Facts
- 4 institutional sellers, 0 institutional buyers in Q3 2026
- Parnassus Investments fully exited a $23.5M position (155.3K shares)
- Robeco Institutional Asset Management trimmed 49.5% of its position, selling $15.0M
- Concurrent Investment Advisors and Assetmark made smaller trims of 26.1% and 28.9% respectively
- Total net institutional selling: $39.1M
Financial Impact
4 institutions sold a combined $39.1M in FDXF during Q3 2026, with two large exits/trims accounting for $38.5M of that total.
Risk Factors
- 13F data is 45+ days stale; positions may have been rebuilt since quarter-end
- No insider buying data available to corroborate or counter the institutional signal
- Small sample size (4 sellers) limits statistical significance
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-FDXF-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 2d ago | 8-K | $112.00 | awaiting T+5 | awaiting T+5 | No price |
Oct 27, 2026 4d ago | SC 13G/A | $108.33 | awaiting T+5 | awaiting T+5 | No price |
Oct 22, 2026 9d ago | Institutional Cluster | $110.05 $126.04 | ▼ −14.53% | ▼ −15.09% | No price |
Aug 15, 2026 11w ago | Institutional Cluster | $143.82 $131.27 | ▼ −8.73% | ▼ −7.54% | No price |
Jun 26, 2026 18w ago | 8-K | $149.69 $152.68 | ▲ +2.00% | ▲ +0.61% | No price |
Jun 25, 2026 18w ago | 8-K | $153.89 $150.81 | ▼ −2.00% | ▼ −4.17% | No price |
Jun 2, 2026 21w ago | 3 | $152.00 $175.35 | ▲ +15.36% | ▲ +19.18% | No price |
Jun 2, 2026 21w ago | 3 | $152.00 $175.35 | ▲ +15.36% | ▲ +19.18% | No price |
Jun 2, 2026 21w ago | 3 | $152.00 $175.35 | ▲ +15.36% | ▲ +19.18% | No price |
Jun 2, 2026 21w ago | 3 | $152.00 $175.35 | ▲ +15.36% | ▲ +19.18% | No price |
US Market Status
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