The cluster shows a divergence: small buyers are accumulating with conviction (two doubled positions), but the single large seller dwarfs them. Monitor next 13F for whether the small buyers continued accumulating or reversed course.
Executive Summary
Four asset managers accumulated $3.7M in JGRO during Q3 2026, while one large holder trimmed $22.0M. The net institutional flow is negative (-$18.3M) due to the dominant seller, but the buyer count (4 vs 1) and conviction (two DOUBLED positions) suggest selective accumulation at lower prices. The 45-day reporting lag means the cluster may have already been unwound.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$18.3M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Davenport & Co | ADD | +44.1% | $9.0M | $2.6M |
| Td Waterhouse Canada | DOUBLED | +114.1% | $47.0K | $25.0K |
| Assetmark | DOUBLED | +300.9% | $179.0K | $134.0K |
| Hb Wealth Management | ADD | +65% | $2.5M | $966.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Wealth Enhancement Advisory Services | TRIM | -26.4% | $79.5M | -$22.0M |
Key Facts
- 4 buyers added $3.7M in new holdings; 1 seller reduced by $22.0M
- Davenport & Co increased position by 44.1% to $9.0M
- Assetmark and Td Waterhouse Canada both doubled their positions
- Wealth Enhancement Advisory Services trimmed 26.4% of its stake, selling $22.0M
- Net institutional flow is -$18.3M (more dollars sold than bought)
Financial Impact
4 institutions accumulated $3.7M in new positions while 1 institution reduced holdings by $22.0M, resulting in a net outflow of $18.3M
Risk Factors
- 13F data is 45+ days stale; positions may have already been unwound
- The single large seller ($22.0M) overwhelms the buying signal ($3.7M)
- All participants are asset managers, not activist or event-driven funds — thesis may be passive rebalancing
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-JGRO-2026-Q3 |
US Market Status
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