The unanimous institutional accumulation in Q3 2026 — with zero sellers and several funds making multi-million-dollar new bets — suggests a shared catalyst thesis (likely pipeline progress for INCB123667 or commercial momentum for Jakafi). Monitor upcoming Q4 2026 13F filings for confirmation that these positions were held or increased, and watch for insider buying as a corroborating signal.
Executive Summary
Ten institutional asset managers collectively added $95.2M in new INCY positions during Q3 2026, with zero sellers. The buying is concentrated in large percentage increases (several funds more than doubled holdings), led by Assetmark ($58.3M added) and Assenagon ($13.9M added). This unanimous accumulation suggests a shared positive view on Incyte's pipeline or commercial prospects, though 13F data is 45+ days stale.
Key Financial Metrics
Institutional Positions
Net institutional flow: $95.2M
▲ Buyers (10)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Farther Finance Advisors | DOUBLED | +410.5% | $1.1M | $918.0K |
| Wealth Enhancement Advisory Services | ADD | +56% | $25.1M | $8.9M |
| Davenport & Co | ADD | +30.1% | $467.0K | $132.0K |
| Assenagon Asset Management | DOUBLED | +1555.7% | $14.8M | $13.9M |
| Concurrent Investment Advisors | ADD | +31.1% | $402.0K | $116.0K |
| Td Waterhouse Canada | DOUBLED | +97757.1% | $8.8M | $8.8M |
| Nisa Investment Advisors | ADD | +77.3% | $5.7M | $2.7M |
| Assetmark | DOUBLED | +1107.1% | $63.1M | $58.3M |
| Abn Amro Investment Solutions | ADD | +45.3% | $1.7M | $617.0K |
| Hb Wealth Management | DOUBLED | +113.5% | $1.5M | $857.0K |
Key Facts
- 10 institutional buyers added a net $95.2M in INCY during Q3 2026
- Zero institutional sellers in the cluster
- Assetmark more than doubled its position, adding $58.3M (now $63.1M)
- Assenagon increased by 1,556% ($13.9M added)
- Td Waterhouse Canada went from 77 shares to 75,300 shares ($8.8M added)
- Wealth Enhancement Advisory added $8.9M (56% increase)
- All buyers are active asset managers — no passive/index funds dominate the cluster
Financial Impact
10 institutions accumulated $95.2M in new INCY positions during Q3 2026, with total current holdings of $122.8M. No institutional selling was detected in the cluster.
Risk Factors
- 13F data is 45+ days stale; positions may have been partially or fully unwound since quarter-end
- No insider buying in the cluster to corroborate the institutional signal
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-INCY-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | Institutional Cluster | $115.71 | awaiting T+20 | awaiting T+20 | No price |
Aug 14, 2026 10w ago | Insider Cluster | $123.50 $121.74 | ▲ +1.43% | ▼ −0.55% | No price |
Aug 7, 2026 11w ago | Insider Cluster | $121.55 $124.40 | ▲ +2.34% | ▲ +3.26% | No price |
Aug 4, 2026 12w ago | Insider Cluster | $119.80 $128.83 | ▲ +7.54% | ▲ +8.14% | No price |
Jul 28, 2026 13w ago | 8-K | $129.93 $129.72 | ▼ −0.16% | ▼ −3.54% | No price |
Jul 20, 2026 14w ago | Insider Cluster | $117.39 $123.47 | ▲ +5.18% | ▲ +2.62% | No price |
Jul 20, 2026 14w ago | Insider Cluster | $117.39 $123.47 | ▲ +5.18% | ▲ +2.62% | No price |
Jun 8, 2026 20w ago | 8-K | $100.64 $115.62 | ▲ +14.88% | ▲ +13.25% | No price |
May 27, 2026 21w ago | DEFA14A | $97.26 $108.46 | ▲ +11.52% | ▲ +13.82% | No price |
Feb 28, 2026 34w ago | Institutional Cluster | $99.73 $90.31 | ▼ −9.45% | ▼ −1.51% | No price |
US Market Status
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