The cluster shows no consensus direction — buying and selling are roughly balanced. Monitor next 13F filing for any shift in conviction among these active managers, particularly Assenagon's doubled stake and Fjarde's near-exit-level trim.
Executive Summary
A mixed institutional cluster in IP (International Paper) shows 4 small-to-mid-size asset managers adding $3.5M in net new positions, while 2 managers trimmed $3.8M. The net dollar change is roughly balanced, with no dominant directional signal. The cluster is dominated by active managers, but the dollar amounts are modest relative to IP's market cap, suggesting no strong shared thesis.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$300.0K
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | DOUBLED | +194.8% | $4.1M | $2.5M |
| Concurrent Investment Advisors | ADD | +27.8% | $8.5M | $867.0K |
| Davenport & Co | ADD | +50.2% | $503.0K | $118.0K |
| Td Waterhouse Canada | DOUBLED | +134% | $57.0K | $28.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Fjarde Ap-Fonden /Fourth Swedish National | TRIM | -64.7% | $3.1M | -$2.2M |
| Wealth Enhancement Advisory Services | TRIM | -27.6% | $4.3M | -$1.7M |
Key Facts
- 4 buyers added $3.5M in net new holdings; 2 sellers trimmed $3.8M
- Largest buyer: Assenagon Asset Management doubled its stake (+194.8%), adding $2.5M in value
- Largest seller: Fjarde Ap-Fonden trimmed 64.7% of its position, reducing holdings by $2.2M
- All participants are active asset managers; no passive/index funds in the cluster
- Net conviction is mixed — buying and selling are nearly equal in dollar magnitude
Financial Impact
4 institutions accumulated $3.5M in new positions while 2 reduced holdings by $3.8M, for a net negative $0.3M across the cluster
Risk Factors
- 13F data is 45+ days stale; positions may have already been unwound
- Small dollar amounts relative to IP's market cap (~$18B) — cluster signal is weak
- No passive/index fund participation to confirm passive vs active 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-IP-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | Institutional Cluster | $33.75 | awaiting T+20 | — | — |
Aug 10, 2026 11w ago | Insider Cluster | $41.80 $34.64 | ▼ −17.13% | ▼ −16.07% | — |
Jul 30, 2026 12w ago | 8-K | $43.15 $39.88 | ▼ −7.58% | ▼ −11.54% | — |
Feb 26, 2026 34w ago | 8-K | $43.13 $36.15 | ▼ −16.18% | ▼ −9.78% | — |
Jan 22, 2026 39w ago | Court Ruling | $41.52 $43.26 | ▲ +4.21% | ▲ +5.20% | — |
Jan 22, 2026 39w ago | Court Ruling | $41.52 $43.26 | ▲ +4.21% | ▲ +5.20% | — |
US Market Status
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