The cluster is small in scale relative to HRL's market cap and stale by 45+ days. Monitor upcoming Q4 2026 13F filings for continuation or reversal of this buying pattern, and watch for any insider buying or earnings catalysts that could corroborate the thesis.
Executive Summary
Three asset managers accumulated $4.3M in HRL during Q3 2026, led by Assenagon Asset Management doubling its position to $6.5M, while Sumitomo Mitsui DS trimmed $1.3M.
Key Financial Metrics
Institutional Positions
Net institutional flow: $4.3M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | DOUBLED | +186.5% | $6.5M | $3.7M |
| Farther Finance Advisors | DOUBLED | +131.4% | $1.4M | $656.0K |
| Assetmark | ADD | +38.7% | $12.0K | $1.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Sumitomo Mitsui Ds Asset Management Company | TRIM | -68.9% | $1.7M | -$1.3M |
Key Facts
- 3 buyers added $4.3M in net new holdings; 1 seller reduced by $1.3M
- Assenagon Asset Management doubled its stake from $2.8M to $6.5M (+186.5% shares)
- Farther Finance Advisors doubled its position from $769K to $1.4M (+131.4% shares)
- Sumitomo Mitsui DS trimmed 68.9% of its shares, exiting $1.3M in value
- All participants are asset managers (no activist or passive/index funds in the cluster)
Financial Impact
Net institutional accumulation of $4.3M (buyers added $4.4M, sellers removed $1.3M), representing a small fraction of HRL's ~$30B market cap
Risk Factors
- 13F data is 45+ days stale; positions may have already been unwound
- No activist or high-conviction fund types (e.g., value, quant) in the cluster — all are routine asset managers
- Net buying of $4.3M is immaterial relative to HRL's ~$30B market cap
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-HRL-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 8-K | $20.95 $20.87 | ▼ −0.38% | ▼ −0.94% | — |
Oct 21, 2026 6d ago | Institutional Cluster | $21.36 $21.06 | ▼ −1.40% | ▼ −0.88% | — |
Sep 30, 2026 27d ago | 8-K | $19.64 $19.66 | ▲ +0.10% | ▼ −0.08% | — |
Sep 30, 2026 27d ago | Press Release | $19.94 $19.96 | ▲ +0.10% | ▼ −0.08% | — |
Sep 28, 2026 28d ago | Press Release | $19.85 $19.94 | ▲ +0.45% | ▲ +0.66% | — |
Aug 27, 2026 8w ago | Press Release | $21.28 $21.57 | ▼ −1.36% | ▼ −1.59% | — |
Aug 24, 2026 9w ago | 8-K | $23.78 $23.71 | ▼ −0.29% | ▼ −0.32% | — |
Aug 3, 2026 12w ago | Press Release | $25.34 | awaiting T+1 | — | — |
Jul 28, 2026 13w ago | 8-K | $25.56 $25.80 | ▲ +0.94% | ▲ +2.48% | — |
Jun 11, 2026 19w ago | Institutional Cluster | $24.44 $24.75 | ▼ −1.27% | ▼ −0.73% | — |
US Market Status
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