The 20:1 dollar-weighted selling-to-buying ratio signals institutional conviction to reduce exposure. Monitor upcoming earnings for any guidance weakness or competitive pressure that may have prompted the trimming. The insider buy is small relative to the sell-off and does not reverse the bearish signal.
Executive Summary
A mixed institutional cluster in INTU for 2026-Q2 shows two small active managers doubling their positions (net +$11.2M) while three larger asset managers trimmed significantly (net -$210.9M), led by Swedbank Ab cutting over $185M. The selling overwhelmingly dominates in dollar terms, suggesting institutional de-risking or profit-taking despite modest insider buying.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$199.7M
▲ Buyers (2)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | DOUBLED | +145.3% | $30.8M | $10.0M |
| Matrix | DOUBLED | +191.6% | $2.8M | $1.2M |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Davenport & Co | TRIM | -66.1% | $9.0M | -$7.1M |
| Qrg Capital Management | TRIM | -54.9% | $25.2M | -$18.3M |
| Swedbank Ab | TRIM | -51.3% | $262.5M | -$185.4M |
Key Facts
- 2 buyers added $11.2M; 3 sellers removed $210.9M — net institutional outflow of ~$199.7M
- Swedbank Ab trimmed 51.3% of its INTU position, selling ~$185.4M worth
- Qrg Capital Management cut 54.9% ($18.3M); Davenport & Co cut 66.1% ($7.1M)
- Assenagon Asset Management doubled (+145.3%, +$10.0M) and Matrix doubled (+191.6%, +$1.2M)
- Insider confluence score 45/100: one open-market insider bought $542K, providing mild corroboration but not enough to offset institutional selling
Financial Impact
3 institutions sold $210.9M while 2 institutions bought $11.2M, for a net institutional outflow of approximately $199.7M in 2026-Q2
Risk Factors
- 13F data is 45+ days stale; the cluster may have been unwound further since quarter-end
- Selling could be purely portfolio rebalancing rather than a fundamental thesis break
- The two doubling funds (Assenagon, Matrix) are small and may not offset the larger sellers' signal
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-INTU-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 9, 2026 22d ago | S-3ASR | $312.77 $313.13 | ▲ +0.12% | ▲ +0.61% | — |
Sep 2, 2026 29d ago | Press Release | $342.94 $312.77 | ▲ +8.80% | ▲ +7.84% | — |
Aug 26, 2026 5w ago | ANALYST-DOWNGRADE | $345.88 $342.94 | ▲ +0.85% | ▲ +0.73% | — |
Aug 3, 2026 8w ago | ANALYST-DOWNGRADE | — | awaiting T+5 | — | — |
Jul 28, 2026 9w ago | ANALYST-DOWNGRADE | — | awaiting T+5 | — | — |
Jul 23, 2026 10w ago | Press Release | $281.53 $315.50 | ▼ −12.07% | ▼ −11.59% | — |
Jul 21, 2026 10w ago | ANALYST-DOWNGRADE | $289.92 $303.91 | ▼ −4.83% | ▼ −6.05% | — |
Jul 16, 2026 11w ago | Press Release | $294.79 $281.53 | ▲ +4.50% | ▲ +2.83% | — |
Jul 16, 2026 11w ago | Institutional Cluster | $294.79 $281.53 | ▲ +4.50% | ▲ +2.83% | — |
Jun 18, 2026 15w ago | ANALYST-DOWNGRADE | — | awaiting T+5 | — | — |
US Market Status
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