The cluster shows modest accumulation by small asset managers but a significant trim by a larger holder. Without insider buying or a clear catalyst, the signal is weak. Monitor next 13F for continuation or reversal of Davenport's exit.
Executive Summary
Three asset managers added to JJSF positions in Q3 2026, led by Proshare Advisors increasing 48% to $9.9M, while Davenport & Co trimmed 42% of its stake. The cluster shows net buying of $3.7M against $6.7M in selling, but the data is 45+ days stale and lacks insider corroboration.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$3.0M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Proshare Advisors | ADD | +48.2% | $9.9M | $3.5M |
| Farther Finance Advisors | ADD | +62.3% | $58.0K | $23.0K |
| Wealth Enhancement Advisory Services | ADD | +27.3% | $786.0K | $208.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Davenport & Co | TRIM | -42.1% | $16.8M | -$6.7M |
Key Facts
- 3 institutional buyers added $3.7M in aggregate, with Proshare Advisors the largest buyer at $3.5M increase
- 1 institutional seller (Davenport & Co) trimmed $6.7M, reducing its stake by 42.1%
- No open-market insider buying in the quarter; confluence score 12/100 (institutions only)
- 13F data is from Q3 2026 quarter-end, reported with 45-day lag
Financial Impact
Net institutional buying of $3.7M by 3 funds vs $6.7M selling by 1 fund; total disclosed institutional activity of $10.4M
Risk Factors
- 13F data is stale (45+ day lag); positions may have changed since quarter-end
- No insider buying to corroborate institutional conviction
- Single large seller (Davenport) outweighs three smaller buyers in dollar terms
Market Snapshot
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-JJSF-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 today | Press Release | $84.10 | awaiting T+20 | awaiting T+20 | No price |
Oct 29, 2026 1d ago | Institutional Cluster | $82.94 | awaiting T+20 | awaiting T+20 | No price |
Oct 7, 2026 22d ago | SC 13G/A | $79.33 | awaiting T+20 | awaiting T+20 | No price |
Aug 14, 2026 11w ago | Press Release | $89.47 $83.40 | ▼ −6.78% | ▼ −4.79% | No price |
Aug 5, 2026 12w ago | 8-K | $84.66 $86.37 | ▲ +2.02% | ▲ +2.62% | No price |
Jul 20, 2026 14w ago | Press Release | $76.59 $88.84 | ▲ +15.99% | ▲ +13.43% | No price |
Jun 10, 2026 20w ago | 8-K | $78.42 $75.50 | ▼ −3.72% | ▼ −5.61% | No price |
US Market Status
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