The divergence between major active managers (Capital World buying $169.7M new vs. Capital International exiting $51.5M) suggests uncertainty around IDA's regulatory outlook or rate case outcomes. Monitor upcoming Idaho and Oregon rate case decisions for catalyst resolution.
Executive Summary
A mixed institutional cluster in IDACORP (IDA) for Q1 2026 shows 22 buyers accumulating $323.2M in new positions, led by a $169.7M new stake from Capital World Investors, while 13 sellers reduced holdings by $148.1M, including a full exit by Capital International Investor ($51.5M). The net buying of $175.1M suggests divergent views on the regulated utility's outlook, with active managers dominating both sides.
Key Financial Metrics
Institutional Positions
Net institutional flow: $175.1M
▲ Buyers (22)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Capital World Investors | NEW | +100% | $169.7M | $169.7M |
| Fidelity | ADD | +53.9% | $206.1M | $87.6M |
| Franklin Resources | ADD | +47% | $54.1M | $21.5M |
| Capital Group | ADD | +30.8% | $65.8M | $21.3M |
| Allspring Global Investments H | DOUBLED | +4427.7% | $11.1M | $10.9M |
▼ Sellers (13)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Capital International Investor | EXIT | -100% | $51.5M | -$51.5M |
| William Blair Investment Manag | TRIM | -61.4% | $72.9M | -$41.1M |
| Adage Capital Partners Gp | TRIM | -54.1% | $49.7M | -$23.9M |
| First Trust Advisors | TRIM | -25.9% | $79.0M | -$12.9M |
| M&T Bank | NEAR_EXIT | -92.9% | $9.1M | -$7.7M |
Key Facts
- 22 institutional buyers added $323.2M in new positions during Q1 2026, led by Capital World Investors' new $169.7M stake
- 13 institutional sellers reduced holdings by $148.1M, including Capital International Investor's full $51.5M exit
- Net institutional buying of approximately $175.1M across the cluster
- Fidelity increased its position by 53.9% to $206.1M, the largest buyer by value
- Active asset managers account for the majority of both buying and selling activity
Financial Impact
Net institutional buying of $175.1M, with total buying of $323.2M versus total selling of $148.1M
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Regulatory rate case outcomes in Idaho and Oregon could disappoint
- Rising interest rates pressure regulated utility valuations
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-IDA-2026-Q1 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 30, 2026 12w ago | 8-K | $141.90 $140.68 | ▼ −0.86% | ▼ −3.32% | — |
Jun 13, 2026 19w ago | Institutional Cluster | $142.94 $136.25 | ▼ −4.68% | ▼ −5.68% | — |
May 15, 2026 23w ago | 424B5 | $140.71 $141.95 | ▼ −0.88% | ▲ +3.97% | — |
Feb 23, 2026 35w ago | Insider Cluster | $142.59 $140.71 | ▼ −1.32% | ▼ −9.57% | — |
US Market Status
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