The mixed cluster with modest net buying and no activist involvement suggests limited near-term catalyst. Monitor upcoming 10-Q for revenue and margin trends.
Executive Summary
A mixed institutional cluster in JOUT for 2024-Q3 shows 6 buyers adding $4.0M in net new holdings (led by Citadel and Russell Investments) against 4 sellers trimming $1.2M (led by Rhumbline Advisers and D.E. Shaw). The net buying of $2.8M is modest relative to the stock's float, and the cluster is dominated by asset managers and quants rather than activist or high-conviction funds, suggesting a tactical or rebalancing thesis rather than a strong catalyst-driven bet.
Key Financial Metrics
Institutional Positions
Net institutional flow: $2.8M
▲ Buyers (6)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Citadel | DOUBLED | +189.7% | $2.1M | $1.4M |
| Russell Investments Group | ADD | +48.5% | $6.6M | $2.3M |
| Ameriprise Financial | ADD | +32.6% | $1.2M | $325.0K |
▼ Sellers (4)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Rhumbline Advisers | TRIM | -60.8% | $852.0K | -$506.2K |
| D.E. Shaw | TRIM | -59.3% | $595.0K | -$344.5K |
| Legal & General Group | NEAR_EXIT | -86.8% | $122.0K | -$105.0K |
Key Facts
- 6 institutional buyers added $4.0M in net new holdings; 4 sellers reduced by $1.2M
- Citadel doubled its position (+189.7%) to $2.1M, the largest buyer by dollar value
- Russell Investments Group added +48.5% to $6.6M, the largest holder among buyers
- Rhumbline Advisers trimmed -60.8% (-$506K), the largest seller by dollar value
- D.E. Shaw trimmed -59.3% (-$345K), and Legal & General nearly exited (-86.8%)
- No activist or high-conviction hedge funds are present; cluster is asset managers and quants
Financial Impact
Net institutional buying of approximately $2.8M (6 buyers adding $4.0M vs 4 sellers reducing $1.2M) across 10 funds in Q3 2024
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- No high-conviction activist or value fund involvement weakens the signal
- Small dollar amounts relative to float may not drive price action
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-JOUT-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 25, 2026 4w ago | 8-K | $44.43 $45.00 | ▲ +1.28% | ▲ +2.76% | — |
Sep 25, 2026 4w ago | Press Release | $44.43 $45.00 | ▲ +1.28% | ▲ +2.76% | — |
Aug 7, 2026 11w ago | 8-K | $48.22 $46.30 | ▼ −3.98% | ▼ −3.58% | — |
Jul 23, 2026 13w ago | Press Release | $45.77 | awaiting T+20 | — | — |
Jun 12, 2026 19w ago | Institutional Cluster | $46.80 $44.25 | ▼ −5.45% | ▼ −7.23% | — |
May 29, 2026 21w ago | 8-K | $44.76 $45.80 | ▲ +2.32% | ▲ +4.12% | — |
May 29, 2026 21w ago | Press Release | $44.76 $45.80 | ▲ +2.32% | ▲ +4.12% | — |
May 8, 2026 24w ago | 8-K | $51.41 $44.84 | ▼ −12.78% | ▼ −12.80% | — |
May 8, 2026 24w ago | Press Release | $51.41 $44.84 | ▼ −12.78% | ▼ −12.80% | — |
Apr 24, 2026 26w ago | Press Release | $51.60 $42.93 | ▼ −16.80% | ▼ −20.83% | — |
US Market Status
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