The broad-based active-manager accumulation in JIVE suggests growing institutional conviction in international value exposure. Monitor for continued inflows and potential outperformance of the ETF relative to growth-oriented peers. The lack of insider buying is not a concern for an ETF, but watch for any reversal in the accumulation trend next quarter.
Executive Summary
A strong institutional accumulation cluster in JIVE (JPMorgan International Value ETF) during 2026-Q2, with 9 buyers adding $202.9M in net new holdings versus 1 seller trimming $26.7M. The buying is dominated by active asset managers, led by Envestnet Asset Management ($105.2M add) and Mml Investors Services ($42.2M add), suggesting a coordinated rotation into international value exposure. The absence of insider buying (confluence score 38/100, 'institutions only') tempers conviction slightly, but the breadth and scale of active-manager accumulation is a notable signal of institutional conviction in the international value factor.
Key Financial Metrics
Institutional Positions
Net institutional flow: $176.2M
▲ Buyers (9)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Envestnet Asset Management | ADD | +65.6% | $240.3M | $105.2M |
| Mml Investors Services | DOUBLED | +139.2% | $69.1M | $42.2M |
| Private Advisor Group | DOUBLED | +103% | $58.6M | $31.7M |
| Commonwealth Equity Services | ADD | +31.3% | $29.0M | $8.4M |
| Td Waterhouse Canada | ADD | +36.4% | $12.7M | $3.9M |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Lido Advisors | TRIM | -65.3% | $42.5M | -$26.7M |
Key Facts
- 9 institutional buyers added $202.9M in net new holdings during 2026-Q2
- Envestnet Asset Management was the largest buyer, increasing its position by $105.2M (from $135.1M to $240.3M)
- Mml Investors Services doubled its position, adding $42.2M (from $26.9M to $69.1M)
- Only 1 seller (Lido Advisors) trimmed $26.7M, representing a 65.3% reduction
- No insider buying detected in the window — the cluster is institutions-only
Financial Impact
9 institutional buyers accumulated $202.9M in net new holdings, while 1 seller reduced holdings by $26.7M, for a net inflow of approximately $176.2M
Risk Factors
- 13F data has a 45-day reporting lag — positions may have been unwound since quarter-end
- The cluster is entirely institutions-only with no insider corroboration, reducing conviction
- International value factor may underperform if US dollar strengthens or global growth disappoints
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-JIVE-2026-Q2 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 11d ago | Institutional Cluster | $94.39 $93.77 | ▼ −0.66% | ▼ −0.23% | No price |
Aug 8, 2026 11w ago | Institutional Cluster | $96.76 $97.95 | ▲ +1.23% | ▲ +1.28% | No price |
US Market Status
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