The cluster reveals a sharp divergence: Neuberger Berman's conviction buy contrasts with Norges Bank's full exit. Monitor for catalysts (earnings, guidance, or M&A) that could resolve the thesis. The 45-day reporting lag means current positioning may differ.
Executive Summary
Institutional cluster for FUL shows mixed conviction: 12 buyers added $110.6M (led by Neuberger Berman's massive $85.9M increase) while 14 sellers reduced $46.0M (led by Norges Bank's full $44.2M exit). Net buying of ~$64.6M suggests divergent views on the stock's outlook.
Key Financial Metrics
Institutional Positions
Net institutional flow: $64.6M
▲ Buyers (12)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Neuberger Berman Group | DOUBLED | +20325.9% | $86.3M | $85.9M |
| BofA | ADD | +36.3% | $31.7M | $9.3M |
| Verition Fund Management | ADD | +47.9% | $35.0M | $12.2M |
▼ Sellers (14)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Norges Bank | EXIT | -100% | $44.2M | -$44.2M |
| Federated Hermes | NEAR_EXIT | -77.9% | $1.2M | -$922.6K |
Key Facts
- Neuberger Berman Group increased its position by $85.9M (from $408K to $86.3M), a 20,325.9% share increase.
- Norges Bank fully exited its 743,407-share position worth $44.2M.
- BofA added $9.3M (36.3% increase) to a $31.7M position.
- Verition Fund Management added $12.2M (47.9% increase) to a $35.0M position.
- Net institutional buying totaled approximately $64.6M across the cluster.
Financial Impact
Net institutional buying of ~$64.6M, with buyers adding $110.6M and sellers reducing $46.0M.
Risk Factors
- Large seller (Norges Bank) may signal fundamental concerns not yet public.
- 13F data is 45 days stale; positions may have been unwound.
- Mixed cluster reduces directional signal strength.
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-FUL-2026-Q1 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 8-K | $50.89 | awaiting T+5 | — | — |
Oct 19, 2026 8d ago | 8-K | $51.06 $49.13 | ▼ −3.78% | ▼ −3.63% | — |
Oct 9, 2026 18d ago | 8-K | $49.56 $51.32 | ▲ +3.55% | ▲ +5.52% | — |
Oct 6, 2026 21d ago | 8-K | $50.63 $50.44 | ▼ −0.38% | ▼ −0.24% | — |
Oct 1, 2026 26d ago | Insider Cluster | $50.23 $50.44 | ▲ +0.42% | ▼ −0.88% | — |
Oct 1, 2026 26d ago | Insider Cluster | $50.23 $50.44 | ▲ +0.42% | ▼ −0.88% | — |
Sep 30, 2026 27d ago | Insider Cluster | $49.47 $49.91 | ▲ +0.89% | ▼ −1.02% | — |
Sep 28, 2026 29d ago | 8-K | $49.37 $50.44 | ▲ +2.17% | ▲ +0.96% | — |
Sep 24, 2026 4w ago | 8-K | $50.00 $50.23 | ▲ +0.46% | ▲ +0.88% | — |
Jul 20, 2026 14w ago | 8-K | $55.43 $55.70 | ▲ +0.49% | ▲ +0.91% | — |
US Market Status
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