The $31.8M insider buy is a powerful conviction signal that overrides the mixed institutional picture. Traders should watch for additional insider filings and any catalyst (e.g., earnings, guidance, or strategic update) that could validate the thesis. The cluster of active managers buying while passive funds trim suggests a potential value play, but the 45-day 13F lag means positions may have shifted.
Executive Summary
Gold.com (GOLD) saw a mixed institutional cluster in Q1 2026: 26 buyers added $19.4M in new positions while 16 sellers reduced holdings by $25.3M, resulting in net selling of ~$5.9M. However, a single insider open-market purchase of $31.8M (≈2.9% of market cap) provides a strong bullish signal, and active managers like Voloridge ($10.1M added) and Sei Investments ($2.9M added) are accumulating aggressively, partially offsetting trimming by mega-passive funds Fidelity ($19.2M sold) and Morgan Stanley ($2.0M sold).
Key Financial Metrics
Institutional Positions
Net institutional flow: -$5.9M
▲ Buyers (26)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Voloridge Investment Management | DOUBLED | +1340% | $10.8M | $10.1M |
| Sei Investments | DOUBLED | +108.8% | $4.8M | $2.9M |
| Los Angeles Capital Management | DOUBLED | +152.7% | $3.4M | $2.5M |
| BofA | DOUBLED | +116.8% | $2.4M | $1.5M |
| Invesco | ADD | +27.1% | $3.1M | $1.0M |
▼ Sellers (16)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Fidelity | TRIM | -59.4% | $36.8M | -$19.2M |
| Morgan Stanley | TRIM | -31.3% | $10.5M | -$2.0M |
| State Of Wisconsin Investment Board | TRIM | -57.6% | $2.7M | -$1.3M |
| Verition Fund Management | NEAR_EXIT | -83.7% | $1.2M | -$931.7K |
Key Facts
- 26 institutional buyers added $19.4M in new positions; 16 sellers reduced by $25.3M
- Voloridge Investment Management increased its stake 1,340% to $10.8M (largest buyer)
- Fidelity trimmed 59.4% of its position, selling $19.2M (largest seller)
- One insider purchased $31.8M in open-market transactions, signaling strong management conviction
- Net institutional selling of ~$5.9M is modest relative to $1.1B market cap
Financial Impact
Net institutional selling of ~$5.9M, but insider buying of $31.8M (2.9% of market cap) dominates the signal
Risk Factors
- Continued selling by large passive funds (Fidelity, Morgan Stanley) could pressure the stock
- 13F data is 45+ days old; the cluster may have already been unwound
- Historical calibration shows negative net alpha for score-6 calls in this segment (μ_l -16.3% vs μ_w +18.5%)
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-GOLD-2026-Q1 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | Insider Cluster | $47.80 $44.65 | ▲ +6.59% | ▲ +8.72% | — |
Sep 14, 2026 18d ago | 144 | $47.32 $43.80 | ▲ +7.44% | ▲ +7.55% | — |
Sep 14, 2026 18d ago | Insider Cluster | $47.32 $43.80 | ▼ −7.44% | ▼ −7.55% | — |
Sep 11, 2026 21d ago | 144 | $48.22 $45.46 | ▼ −5.72% | ▼ −5.50% | — |
Sep 10, 2026 22d ago | Insider Cluster | $45.88 $46.87 | ▲ +2.16% | ▲ +2.66% | — |
Sep 9, 2026 23d ago | Insider Cluster | $49.33 $46.82 | ▼ −5.09% | ▼ −4.43% | — |
Sep 9, 2026 23d ago | Insider Cluster | $49.33 $46.82 | ▼ −5.09% | ▼ −4.43% | — |
Sep 2, 2026 4w ago | Press Release | $41.48 $48.22 | ▼ −16.25% | ▼ −17.40% | — |
Jul 18, 2026 10w ago | Institutional Cluster | $37.57 $39.35 | ▲ +4.74% | ▲ +5.16% | — |
May 22, 2026 19w ago | Insider Cluster | $43.40 $39.58 | ▼ −8.80% | ▼ −10.46% | — |
US Market Status
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