The concentrated selling by multiple active managers suggests a coordinated de-rating thesis. Monitor upcoming earnings for margin pressure or guidance cuts that may have driven this rotation.
Executive Summary
Four institutional asset managers trimmed their GPC positions in Q3 2026, with aggregate net selling of $15.1M, while only one small buyer added $498K. The selling is broad-based across multiple managers, suggesting a shared negative view on the company's near-term prospects.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$15.1M
▲ Buyers (1)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Farther Finance Advisors | ADD | +65.5% | $1.1M | $498.0K |
▼ Sellers (4)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Wealth Enhancement Advisory Services | TRIM | -36.2% | $18.7M | -$6.6M |
| Assenagon Asset Management | TRIM | -42.2% | $18.5M | -$7.1M |
| Fjarde Ap-Fonden /Fourth Swedish National | TRIM | -27.4% | $3.4M | -$766.0K |
| Pensiondanmark Pensionsforsikringsaktieselskab | TRIM | -55.5% | $1.1M | -$563.0K |
Key Facts
- 4 sellers reduced holdings by a net $15.1M in Q3 2026
- Largest sellers: Assenagon Asset Management (-$7.1M) and Wealth Enhancement Advisory Services (-$6.6M)
- Only 1 buyer (Farther Finance Advisors) added $498K, a small position
- All sellers are active asset managers, not passive/index funds
Financial Impact
Net institutional selling of $15.1M in Q3 2026, with 4 managers trimming positions totaling $15.1M in value reduction
Risk Factors
- 13F data is 45+ days stale; positions may have been rebuilt since quarter-end
- Only 5 institutions in cluster — sample size limits signal strength
- No insider buying to corroborate the bearish institutional signal
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-GPC-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | 8-K | $123.52 $121.80 | ▼ −1.39% | ▼ −1.47% | No price |
Oct 20, 2026 7d ago | Press Release | $123.52 $121.80 | ▼ −1.39% | ▼ −1.47% | No price |
Oct 19, 2026 8d ago | Institutional Cluster | $130.18 $123.22 | ▲ +5.35% | ▲ +5.20% | No price |
Oct 16, 2026 11d ago | S-3ASR | $133.96 $127.97 | ▼ −4.47% | ▼ −4.56% | No price |
Sep 9, 2026 6w ago | 8-K | $135.24 $130.52 | ▼ −3.49% | ▼ −2.83% | No price |
Aug 11, 2026 11w ago | Press Release | $134.01 $134.54 | ▲ +0.40% | ▲ +0.84% | No price |
Jul 21, 2026 14w ago | 8-K | $119.12 $127.70 | ▲ +7.20% | ▲ +8.43% | No price |
Jul 21, 2026 14w ago | Press Release | $119.12 $127.70 | ▲ +7.20% | ▲ +8.43% | No price |
Apr 28, 2026 26w ago | 8-K | $102.17 $104.35 | ▲ +2.14% | ▼ −0.97% | No price |
Feb 27, 2026 34w ago | DEFA14A | $118.18 $115.52 | ▼ −2.25% | ▼ −0.27% | No price |
US Market Status
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