The cluster is dominated by a single large seller (Wasatch) with no insider buying to corroborate conviction. Monitor upcoming 13F filings for further institutional distribution and any insider transactions that might signal a change in sentiment.
Executive Summary
Three small asset managers added to FTDR positions in Q3 2026, while Wasatch Advisors trimmed a large stake worth $32.5M. The cluster shows a net bullish conviction from small buyers, but the dominant seller Wasatch's $32.5M reduction far outweighs the $344K in new buying, and insider activity is absent.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$32.2M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Exchange Traded Concepts | ADD | +90.7% | $478.0K | $212.0K |
| Mather Group | DOUBLED | +140.9% | $12.0K | $7.0K |
| Nisa Investment Advisors | ADD | +65.6% | $350.0K | $126.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Wasatch Advisors | TRIM | -37% | $80.1M | -$32.5M |
Key Facts
- Three asset managers added to FTDR: Exchange Traded Concepts (+$212K), Mather Group (+$7K), Nisa Investment Advisors (+$126K).
- Wasatch Advisors trimmed 37% of its FTDR stake, selling $32.5M worth of shares.
- No open-market insider buying was reported during the period.
- The net dollar change across all tracked positions is negative $32.2M.
Financial Impact
Total buying of $344K versus total selling of $32.5M, resulting in a net reduction of $32.2M in institutional holdings.
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound or reversed since quarter-end.
- The cluster is one-sided: a single large seller overwhelms three small buyers, making the net signal bearish despite the 'bullish' label.
- No insider buying suggests lack of conviction from company management.
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-FTDR-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 1d ago | Institutional Cluster | $84.20 | awaiting T+5 | awaiting T+5 | No price |
Aug 12, 2026 11w ago | Insider Cluster | $84.66 $81.94 | ▲ +3.21% | ▲ +1.25% | No price |
Aug 12, 2026 11w ago | Insider Cluster | $84.66 $81.94 | ▼ −3.21% | ▼ −1.25% | No price |
Aug 10, 2026 11w ago | 144 | $83.58 $82.92 | ▼ −0.78% | ▼ −0.38% | No price |
Aug 6, 2026 12w ago | 8-K | $89.92 $84.66 | ▼ −5.85% | ▼ −7.06% | No price |
Jun 29, 2026 17w ago | 8-K | $77.59 $79.07 | ▲ +1.91% | ▲ +1.30% | No price |
Apr 30, 2026 26w ago | 8-K | $68.63 $66.12 | ▼ −3.66% | ▼ −5.38% | No price |
Mar 30, 2026 30w ago | DEFA14A | $52.86 $57.02 | ▲ +7.87% | ▲ +3.93% | No price |
Feb 26, 2026 35w ago | 8-K | $65.76 $68.13 | ▲ +3.60% | ▲ +4.73% | No price |
US Market Status
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