The cluster is directionally bullish in aggregate but mixed in composition — active managers like Select Equity and AllianceBernstein are accumulating, while Balyasny's full exit and Citadel's trim suggest competing views.
Executive Summary
A mixed institutional cluster in HLNE for Q3 2024 shows 18 buyers accumulating $234.4M (led by Invesco, Ameriprise, and a new $44.1M position from Select Equity Group) against 13 sellers reducing by $44.7M (including Balyasny's full exit of $33.5M and Citadel trimming 25.9%).
Key Financial Metrics
Institutional Positions
Net institutional flow: $189.7M
▲ Buyers (18)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Select Equity Group | NEW | +0% | $44.1M | $44.1M |
| Ameriprise Financial | ADD | +86.7% | $86.3M | $52.4M |
| Alliancebernstein | DOUBLED | +119% | $17.3M | $11.5M |
▼ Sellers (13)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Balyasny Asset Management | EXIT | -100% | $33.5M | -$33.5M |
| Citadel | TRIM | -25.9% | $83.3M | $751.0K |
| Silvercrest Asset Management | TRIM | -39.6% | $23.3M | -$4.1M |
Key Facts
- 18 institutional buyers added $234.4M in HLNE positions during Q3 2024, while 13 sellers reduced by $44.7M.
- Select Equity Group initiated a new $44.1M position (262.1K shares), the largest single new buy.
- Invesco (mega-passive) added $114.6M (+31.8% shares), and Ameriprise added $52.4M (+86.7% shares).
- Balyasny Asset Management fully exited a $33.5M position (271.4K shares), the largest single sell.
- Citadel trimmed 25.9% of its HLNE stake, retaining $84.1M in value.
Financial Impact
Net institutional buying of approximately $189.7M ($234.4M buys minus $44.7M sells) across 31 filers.
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end.
- Passive/index buying (Invesco) may reflect rebalancing rather than conviction.
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-HLNE-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Institutional Cluster | $85.31 | awaiting T+20 | — | — |
Oct 15, 2026 11d ago | 8-K | $83.50 | awaiting T+20 | — | — |
Oct 6, 2026 20d ago | Press Release | $86.50 | awaiting T+20 | — | — |
Aug 4, 2026 11w ago | 8-K | $101.61 $102.99 | ▲ +1.36% | ▲ +2.60% | — |
Jun 15, 2026 19w ago | Insider Cluster | $87.22 $82.42 | ▼ −5.50% | ▼ −5.70% | — |
Jun 12, 2026 19w ago | Institutional Cluster | $80.10 $81.09 | ▲ +1.24% | ▼ −0.54% | — |
Feb 20, 2026 35w ago | Insider Cluster | $106.45 $99.59 | ▼ −6.44% | ▼ −0.49% | — |
Feb 20, 2026 35w ago | Insider Cluster | $106.45 $99.59 | ▼ −6.44% | ▼ −0.49% | — |
Feb 20, 2026 35w ago | Insider Cluster | $106.45 $99.59 | ▼ −6.44% | ▼ −0.49% | — |
US Market Status
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