The divergence between active quant/asset managers (buying) and passive mega-managers (selling) creates an ambiguous signal. Monitor upcoming earnings for revenue stabilization or guidance changes that could resolve the thesis conflict.
Executive Summary
In Q2 2026, 18 institutional buyers added $9.0M in GDRX positions (total $12.5M) while 18 sellers reduced by $1.4M, resulting in a net inflow of approximately $7.6M. The buying was concentrated among quant and asset managers (Jane Street, Millennium, D.E. Shaw) doubling or adding significantly, while passive mega-managers (Morgan Stanley, UBS, Wells Fargo) trimmed or nearly exited. The mixed conviction suggests divergent views on GoodRx's near-term prospects, with active managers betting on a turnaround while passive funds reduce exposure.
Key Financial Metrics
Institutional Positions
Net institutional flow: $7.6M
▲ Buyers (18)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Jane Street Group | DOUBLED | +257.1% | $6.7M | $5.4M |
| Millennium Management | DOUBLED | +1302.7% | $1.0M | $977.0K |
| D.E. Shaw | ADD | +53% | $1.4M | $764.0K |
| Northern Trust | ADD | +38% | $2.6M | $1.3M |
▼ Sellers (18)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Morgan Stanley | NEAR_EXIT | -88.8% | $647.0K | -$541.0K |
| UBS | TRIM | -45% | $1.6M | -$311.0K |
| Susquehanna International Group | TRIM | -52.4% | $415.0K | -$125.0K |
| Victory Capital Management | TRIM | -42.2% | $802.0K | -$121.0K |
Key Facts
- 18 buyers added $9.0M in new GDRX positions, 18 sellers reduced by $1.4M
- Jane Street Group doubled its stake to $6.7M (largest buyer by value)
- Millennium Management increased by 1,302.7% to $1.0M
- Morgan Stanley nearly exited (-88.8% to $106K)
- Northern Trust added 38% to $2.6M
- Net institutional inflow of ~$7.6M in Q2 2026
Financial Impact
Net institutional inflow of ~$7.6M in Q2 2026, with total buying of $12.5M and total selling of $1.4M
Risk Factors
- 13F data is 45 days stale; positions may have already been unwound
- Passive selling by Morgan Stanley and UBS could reflect index rebalancing rather than fundamental concerns
- Active buying by quant funds may be short-term tactical rather than conviction-driven
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-GDRX-2026-Q2 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 22, 2026 4w ago | Institutional Cluster | $3.44 $3.52 | ▲ +2.33% | ▲ +2.89% | — |
Aug 19, 2026 9w ago | 144 | $3.54 $3.40 | ▲ +3.95% | ▲ +2.00% | — |
May 6, 2026 24w ago | 8-K | $2.84 $2.81 | ▼ −1.06% | ▼ −4.19% | — |
Apr 24, 2026 26w ago | 8-K | $2.28 $2.78 | ▲ +21.93% | ▲ +16.97% | — |
Apr 3, 2026 29w ago | 8-K | $2.07 $2.50 | ▲ +20.77% | ▲ +11.79% | — |
Feb 25, 2026 34w ago | 8-K | $1.99 $2.04 | ▼ −2.51% | ▼ −8.91% | — |
US Market Status
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