The cluster is mixed and small in scale — $4.7M net buying against a $22.7B market cap is negligible. Without insider buying or a clear catalyst, this is likely noise from routine rebalancing. Monitor for a 13D filing or earnings catalyst before acting; the historical calibration warns against overweighting this signal.
Executive Summary
Three asset managers added $7.9M in HPQ positions during Q2 2026, while two trimmed $3.2M, resulting in a net mixed institutional cluster. The buying is modest in scale ($24.9M total current holdings) and dominated by active managers, but the historical calibration shows that high-impact scores on HPQ have underperformed (T+20 win rate 44%, avg alpha -3.53%), suggesting the cluster signal may not translate to near-term upside.
Key Financial Metrics
Institutional Positions
Net institutional flow: $4.7M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Swedbank Ab | ADD | +25.9% | $21.3M | $6.5M |
| Merit Financial Group | ADD | +73.9% | $1.5M | $723.0K |
| Qrg Capital Management | ADD | +33.7% | $2.1M | $712.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | TRIM | -73% | $4.0M | -$2.8M |
| Davenport & Co | TRIM | -37.4% | $1.5M | -$437.9K |
Key Facts
- 3 institutional buyers added $7.9M in HPQ during Q2 2026, led by Swedbank Ab (+$6.5M, +25.9% shares)
- 2 sellers trimmed $3.2M, with Assenagon Asset Management cutting 73% of its position (-$2.8M)
- Net institutional flow is positive (+$4.7M) but small relative to HPQ's $22.7B market cap
- No insider open-market buying corroborates the institutional accumulation (confluence score 6/100, divergent)
- Historical HPQ reports show T+20 avg alpha of -3.53% and 44% win rate, indicating poor signal-to-noise
Financial Impact
3 institutions accumulated $7.9M in new HPQ positions while 2 reduced holdings by $3.2M, net positive $4.7M
Risk Factors
- 45-day 13F reporting lag means positions may have already been unwound
- No insider buying corroboration weakens conviction signal
- Historical HPQ reports show negative T+20 alpha despite neutral/bullish calls
- Analyst consensus is bearish (8% bullish, 11 sell/strong sell)
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-HPQ-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 26, 2026 5w ago | Press Release | $29.63 $31.41 | ▲ +5.99% | ▲ +6.09% | — |
Jul 21, 2026 10w ago | Institutional Cluster | $24.81 $29.97 | ▲ +20.78% | ▲ +18.22% | — |
Jun 29, 2026 13w ago | Press Release | $22.64 $25.75 | ▲ +13.74% | ▲ +14.02% | — |
Jun 16, 2026 15w ago | Press Release | $23.18 $24.14 | ▲ +4.14% | ▲ +2.82% | — |
May 27, 2026 18w ago | 8-K | $24.97 $22.92 | ▼ −8.20% | ▼ −5.50% | — |
May 27, 2026 18w ago | Press Release | $24.97 $22.92 | ▼ −8.20% | ▼ −5.50% | — |
May 26, 2026 18w ago | Press Release | $24.40 $23.67 | ▼ −2.98% | ▼ −0.71% | — |
May 19, 2026 19w ago | Press Release | $21.05 $23.18 | ▲ +10.13% | ▲ +10.17% | — |
Mar 30, 2026 26w ago | Court Ruling | $19.03 $19.73 | ▲ +3.68% | ▼ −8.91% | — |
Mar 24, 2026 27w ago | Press Release | $18.90 $20.44 | ▲ +8.15% | ▼ −0.75% | — |
US Market Status
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