Monitor FICO's upcoming 10-Q for any fundamental catalyst (e.g., revenue acceleration, guidance changes) that could explain the concentrated new buying from Ninety One UK and Vontobel. The mixed seller activity from Robeco and TD Waterhouse Canada suggests some profit-taking or rebalancing, but the net inflow is modest relative to FICO's ~$40B market cap.
Executive Summary
A mixed institutional cluster for FICO shows 3 buyers accumulating $14.4M in net new positions, led by a new $13.5M stake from Ninety One UK, while 2 sellers trimmed $4.0M, primarily from Robeco Institutional Asset Management. The activity is dominated by active asset managers, suggesting a shared thesis around FICO's credit scoring and analytics business, but the 45-day reporting lag and mixed net direction cap the signal's immediacy.
Key Financial Metrics
Institutional Positions
Net institutional flow: $10.4M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Ninety One Uk | NEW | +0% | $13.5M | $13.5M |
| Vontobel Holding | DOUBLED | +277.9% | $2.0M | $927.0K |
| Mather Group | ADD | +85.7% | $270.0K | -$23.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Robeco Institutional Asset Management B.v. | TRIM | -68.2% | $4.6M | -$3.9M |
| Td Waterhouse Canada | TRIM | -55.2% | $173.0K | -$130.0K |
Key Facts
- 3 institutional buyers added a net $14.4M in FICO positions during Q3 2026
- Ninety One UK initiated a new $13.5M position, the largest single move
- Vontobel Holding doubled its stake, adding $927K in value
- 2 sellers trimmed $4.0M, with Robeco Institutional Asset Management reducing by $3.9M
- All funds are categorized as asset managers, indicating active rather than passive-driven flows
Financial Impact
3 institutions accumulated $14.4M in net new positions while 2 sellers reduced holdings by $4.0M, resulting in a net institutional inflow of approximately $10.4M
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Net inflow of $10.4M is small relative to FICO's market cap, limiting price impact
- No insider buying corroboration to confirm institutional conviction
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-FICO-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | Institutional Cluster | $795.21 | awaiting T+20 | — | — |
Oct 6, 2026 21d ago | 8-K | $681.77 | awaiting T+20 | — | — |
Jun 8, 2026 20w ago | 8-K | $1,207.34 $1,286.51 | ▲ +6.56% | ▲ +4.93% | — |
US Market Status
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