The unanimous doubling by three active asset managers suggests a shared positive thesis, but the tiny aggregate dollar amount ($2.1M) relative to FRMI's $1.7B market cap limits materiality. Monitor next 13F for follow-through and any insider buying to confirm conviction.
Executive Summary
Three asset managers (Asset Management One, Sumitomo Mitsui Trust, Farther Finance Advisors) doubled their FRMI positions in Q3 2026, adding a combined $2.1M in new holdings. The cluster is small in absolute dollar terms but shows unanimous conviction from active managers, though no insider buying corroborates the signal.
Key Financial Metrics
Institutional Positions
Net institutional flow: $2.1M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Asset Management One Co. | DOUBLED | +850.1% | $1.7M | $1.3M |
| Sumitomo Mitsui Trust Group | DOUBLED | +721.9% | $1.2M | $856.0K |
| Farther Finance Advisors | DOUBLED | +139.1% | $44.0K | $4.0K |
Key Facts
- 3 institutional buyers, 0 sellers in Q3 2026
- Total net buying: $2.1M (current holdings $2.9M)
- Asset Management One DOUBLED: +850% shares, value $382K → $1.7M
- Sumitomo Mitsui Trust DOUBLED: +722% shares, value $308K → $1.2M
- Farther Finance Advisors DOUBLED: +139% shares, value $40K → $44K
- No insider open-market buying (confluence score 4/100, divergent)
Financial Impact
3 institutions accumulated $2.1M in new FRMI positions during Q3 2026; total holdings now $2.9M
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- No insider buying corroborates the cluster signal
- Dollar amounts are immaterial relative to market cap (0.12% of float)
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-FRMI-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | Institutional Cluster | $2.86 | awaiting T+5 | awaiting T+5 | No price |
Oct 20, 2026 12d ago | 144 | $2.86 $2.62 | ▲ +8.39% | ▲ +7.95% | No price |
Oct 16, 2026 16d ago | 8-K | $3.16 $2.65 | ▼ −16.14% | ▼ −16.23% | No price |
Oct 14, 2026 18d ago | 144 | $3.40 $2.65 | ▲ +21.94% | ▲ +20.93% | No price |
Oct 14, 2026 18d ago | 8-K | $3.16 $2.86 | ▼ −9.49% | ▼ −9.95% | No price |
Oct 13, 2026 19d ago | 144 | $3.16 $2.86 | ▲ +9.49% | ▲ +9.95% | No price |
Oct 2, 2026 4w ago | DEF 14A | $4.06 $3.25 | ▲ +19.95% | ▲ +20.37% | No price |
Jul 15, 2026 15w ago | 8-K | $5.93 $6.32 | ▼ −6.58% | ▼ −8.25% | No price |
Jul 13, 2026 15w ago | 8-K | $6.31 $6.05 | ▲ +4.12% | ▲ +3.34% | No price |
Jul 9, 2026 16w ago | 8-K | $6.59 $5.93 | ▲ +10.02% | ▲ +9.45% | No price |
US Market Status
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