The divergence between active manager buying (small, exploratory positions) and mega-passive selling (large, systematic reductions) suggests passive index rebalancing is the dominant force. Monitor next quarter's 13F for continuation of passive exit; if active managers also begin trimming, it would signal broader loss of conviction.
Executive Summary
Institutional activity in Faraday Future Intelligent Electric Inc. (FFAI) during 2026-Q2 shows a mixed picture: 22 buyers accumulated $806K in net new positions (led by UBS, Barclays, and Citigroup doubling or adding), while 12 sellers reduced holdings by $2.8M (led by BlackRock trimming $1.5M, Geode trimming $517K, and Goldman Sachs nearly exiting). The aggregate net dollar change is negative (-$2.0M), driven overwhelmingly by mega-passive index funds reducing positions, while active asset managers showed modest buying interest. The cluster suggests passive rebalancing away from the stock, with limited conviction from active managers.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$2.0M
▲ Buyers (22)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| UBS | DOUBLED | +162.4% | $758.0K | $414.0K |
| Barclays | DOUBLED | +2595.4% | $244.0K | $234.0K |
| Citigroup | DOUBLED | +6766.3% | $79.0K | $77.0K |
| Susquehanna International Group | ADD | +53.2% | $231.0K | $51.0K |
▼ Sellers (12)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| BlackRock | TRIM | -40.7% | $3.0M | -$1.5M |
| Geode | TRIM | -29.3% | $1.3M | -$517.0K |
| Goldman Sachs | NEAR_EXIT | -99.1% | $391.0K | -$388.0K |
| Northern Trust | TRIM | -47% | $359.0K | -$199.0K |
Key Facts
- 22 institutional buyers added $806K in net new positions; 12 sellers reduced by $2.8M
- Net aggregate change: -$2.0M (buyers $1.4M total current vs sellers' prior $3.2M)
- Top buyer: UBS doubled holdings to $758K; top seller: BlackRock trimmed $1.5M (40.7% reduction)
- Goldman Sachs nearly exited (-99.1% shares), Wells Fargo nearly exited (-99.8%), BNY Mellon nearly exited (-96.7%)
- Active asset managers (Susquehanna, Barclays, Citigroup) added modestly; mega-passive funds (BlackRock, Geode, Northern Trust) were the primary sellers
Financial Impact
22 institutions accumulated $1.4M in current positions (net change +$806K) while 12 institutions reduced holdings by $2.8M, resulting in a net institutional outflow of approximately $2.0M during the quarter.
Risk Factors
- 13F data is 45-day stale; positions may have been unwound since quarter-end
- Passive selling may reflect index reconstitution rather than fundamental thesis change
- Low absolute dollar values ($1.4M total buyer holdings) indicate limited institutional interest overall
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-FFAI-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | $0.5640 | awaiting T+60 | — | — |
Oct 26, 2026 today | 8-K | $0.5702 | awaiting T+60 | — | — |
Oct 23, 2026 3d ago | S-3/A | $0.6399 | awaiting T+60 | — | — |
Oct 15, 2026 11d ago | 8-K/A | $0.8097 | awaiting T+60 | — | — |
Oct 14, 2026 12d ago | 8-K | $1.08 | awaiting T+60 | — | — |
Sep 24, 2026 4w ago | 8-K | $1.31 | awaiting T+60 | — | — |
Sep 22, 2026 4w ago | Institutional Cluster | $1.42 | awaiting T+60 | — | — |
Sep 21, 2026 5w ago | 8-K | $1.63 | awaiting T+60 | — | — |
Sep 18, 2026 5w ago | 8-K | $1.76 | awaiting T+60 | — | — |
Sep 17, 2026 5w ago | 8-K | $1.77 | awaiting T+60 | — | — |
US Market Status
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