The cluster is dominated by a single large seller (Assenagon) exiting roughly half its position, while the three buyers are very small (combined $1.9M current holdings). The 13F data is 45+ days stale; monitor next 10-Q for any change in the company's capital markets outlook or share repurchase activity.
Executive Summary
Three small asset managers (Daiwa Securities, Mather Group, Hb Wealth Management) collectively added $893K in JEF during Q3 2026, while Assenagon Asset Management trimmed $27.8M, reducing its stake by half. The net institutional flow is heavily negative ($26.9M net selling), driven by a single large seller, and there is no insider buying to corroborate the small-buyer cluster.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$26.9M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Daiwa Securities Group | DOUBLED | +13145.4% | $588.0K | $583.0K |
| Mather Group | DOUBLED | +118.2% | $5.0K | $3.0K |
| Hb Wealth Management | ADD | +52.8% | $1.4M | $307.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | TRIM | -49.8% | $51.4M | -$27.8M |
Key Facts
- 3 buyers added $893K in aggregate; 1 seller reduced by $27.8M
- Assenagon Asset Management trimmed 49.8% of its position, selling $27.8M worth of shares
- Daiwa Securities Group more than doubled a tiny position (from $5K to $588K)
- No open-market insider buying in the window (confluence score 18/100, institutions only)
- Two 424B5 structured note offerings were filed 20 days prior, raising at least $877K in aggregate principal
- Preliminary Q3 FY2026 results showed Net Earnings Attributable to Common Shareholders of $261M
Financial Impact
Net institutional selling of $26.9M (buyers added $893K, seller reduced $27.8M)
Risk Factors
- 13F data is at least 45 days stale; positions may have been unwound since quarter-end
- Single large seller dominates the net flow; small buyers may not signal institutional conviction
- No insider buying to corroborate the bullish signal from the three small buyers
- Recent structured note offerings (424B5) add modest leverage but are routine capital market activity
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-JEF-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | Institutional Cluster | $49.15 | awaiting T+20 | awaiting T+20 | No price |
Oct 27, 2026 5d ago | Institutional Cluster | $47.51 | awaiting T+20 | awaiting T+20 | No price |
Oct 20, 2026 12d ago | 8-K | $45.03 | awaiting T+20 | awaiting T+20 | No price |
Oct 19, 2026 13d ago | 8-K | $43.60 | awaiting T+20 | awaiting T+20 | No price |
Oct 9, 2026 23d ago | 424B5 | $45.01 | awaiting T+20 | awaiting T+20 | No price |
Oct 9, 2026 23d ago | 424B5 | $44.38 | awaiting T+20 | awaiting T+20 | No price |
Oct 9, 2026 23d ago | 424B5 | $44.38 | awaiting T+20 | awaiting T+20 | No price |
Oct 9, 2026 23d ago | 424B5 | $44.38 | awaiting T+20 | awaiting T+20 | No price |
Oct 9, 2026 23d ago | 424B5 | $44.38 | awaiting T+20 | awaiting T+20 | No price |
Oct 8, 2026 24d ago | 424B5 | $44.40 | awaiting T+20 | awaiting T+20 | No price |
US Market Status
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