Assenagon's massive position increase is the dominant signal — monitor for a 13D filing or further 13F updates to see if this conviction held. The absence of insider buying (no Form 4 confluence) weakens the signal slightly; watch for insider open-market purchases as corroboration.
Executive Summary
A cluster of 5 institutional buyers accumulated $40.2M in net new GTX positions during Q3 2026, led by Assenagon Asset Management more than quadrupling its stake to $57M. One seller trimmed $5M. The buying is concentrated among active asset managers, suggesting a shared thesis on Garrett Motion's post-restructuring value or auto-sector recovery.
Key Financial Metrics
Institutional Positions
Net institutional flow: $40.2M
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | DOUBLED | +367.3% | $57.0M | $40.0M |
| Nisa Investment Advisors | DOUBLED | +125.5% | $364.0K | $139.0K |
| Wealth Enhancement Advisory Services | ADD | +38.4% | $600.0K | $56.0K |
| Farther Finance Advisors | ADD | +39.6% | $44.0K | $375.00 |
| Assetmark | ADD | +37.5% | $2.0K | -$25.00 |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Vontobel Holding | TRIM | -32.9% | $9.6M | -$5.0M |
Key Facts
- 5 institutional buyers added $40.2M net, 1 seller reduced $5.0M
- Assenagon Asset Management doubled its position by 367% to $57M, accounting for 98% of total buying
- All buyers are active asset managers; no passive/index funds in the cluster
- 13F data is 45+ days stale; positions may have been adjusted since quarter-end
Financial Impact
5 institutions accumulated $40.2M in net new GTX positions, with Assenagon alone adding $40.0M. One seller trimmed $5.0M.
Risk Factors
- 13F data is stale by 45+ days; the cluster may have been partially or fully unwound
- Assenagon's $57M position is 98% of total buying — if they reversed, the signal collapses
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-GTX-2026-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $22.00 | awaiting T+1 | awaiting T+1 | No price |
Oct 21, 2026 6d ago | Institutional Cluster | $22.00 $21.55 | ▼ −2.05% | ▼ −1.52% | No price |
Jul 29, 2026 12w ago | 8-K | $28.78 $31.01 | ▲ +7.75% | ▲ +6.07% | No price |
Jul 14, 2026 15w ago | Press Release | $31.68 $31.84 | ▲ +0.51% | ▲ +0.11% | No price |
Jun 16, 2026 19w ago | Insider Cluster | $33.76 $34.32 | ▲ +1.66% | ▲ +0.88% | No price |
Jun 9, 2026 20w ago | 3 | $31.98 $33.40 | ▲ +4.44% | ▲ +2.74% | No price |
Jun 8, 2026 20w ago | Insider Cluster | $32.81 $31.98 | ▼ −2.53% | ▼ −0.95% | No price |
Jun 5, 2026 20w ago | 144 | $32.25 $32.81 | ▲ +1.74% | ▲ +2.03% | No price |
Apr 27, 2026 26w ago | Press Release | $20.89 $20.29 | ▼ −2.87% | ▼ −2.39% | No price |
Apr 10, 2026 28w ago | DEFA14A | $19.35 $19.27 | ▼ −0.41% | ▼ −1.62% | No price |
US Market Status
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