The cluster is too small to signal a material thesis shift. Monitor Q4 2026 13F filings for larger funds (Fidelity, BlackRock, Capital World) to see if the buying broadens. Insider activity was minimal and divergent, offering no corroboration.
Executive Summary
Five small asset managers added KDP positions in Q3 2026, totaling $736K in net buying, while one ETF provider trimmed $707K. The cluster is bullish but tiny in scale (aggregate $2.6M holdings vs. $47.5B market cap), and the 13F data is 45+ days stale. Insider buying was minimal ($250K) and divergent from the cluster signal.
Key Financial Metrics
Institutional Positions
Net institutional flow: $29.0K
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Truist Financial | ADD | +62.5% | $1.7M | $567.0K |
| Davenport & Co | ADD | +27.4% | $496.0K | $76.0K |
| Mather Group | ADD | +54.9% | $55.0K | $17.0K |
| Concurrent Investment Advisors | ADD | +38.6% | $280.0K | $62.0K |
| Td Waterhouse Canada | ADD | +33.3% | $74.0K | $14.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Exchange Traded Concepts | TRIM | -49.4% | $1.3M | -$707.0K |
Key Facts
- 5 buyers added $736K in aggregate; 1 seller trimmed $707K
- All buyers are small asset managers (Truist Financial, Davenport & Co, Mather Group, Concurrent Investment Advisors, TD Waterhouse Canada)
- The sole seller, Exchange Traded Concepts, cut its position by 49.4% ($707K)
- Insider buying was $250K (open market), yielding a divergent confluence score of 45/100
- Total institutional holdings in the cluster are $2.6M, negligible relative to KDP's $47.5B market cap
Financial Impact
Net institutional buying of $736K vs. selling of $707K, for a net change of +$29K across the cluster. The combined $2.6M in holdings is 0.005% of KDP's market cap.
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- All buyers are small asset managers with limited signaling power
- Insider buying was minimal ($250K) and divergent from the cluster, reducing conviction
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-KDP-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | Institutional Cluster | $35.87 | awaiting T+5 | awaiting T+5 | No price |
Oct 1, 2026 4w ago | Press Release | $30.37 $31.76 | ▲ +4.58% | ▲ +3.42% | No price |
Oct 1, 2026 4w ago | 8-K | $30.69 $31.26 | ▲ +1.86% | ▲ +0.56% | No price |
Sep 16, 2026 6w ago | 8-K | $31.43 $30.88 | ▼ −1.75% | ▼ −2.35% | No price |
Sep 10, 2026 7w ago | Insider Cluster | $31.39 $30.96 | ▼ −1.37% | ▼ −1.15% | No price |
Sep 4, 2026 8w ago | Court Ruling | $32.32 $31.26 | ▼ −3.26% | ▼ −2.14% | No price |
Sep 1, 2026 8w ago | 8-K | $31.89 $32.08 | ▲ +0.60% | ▲ +0.51% | No price |
Aug 27, 2026 9w ago | Insider Buy | $32.18 $32.59 | ▲ +1.27% | ▲ +1.16% | No price |
Aug 12, 2026 11w ago | 8-K | $29.56 $31.06 | ▲ +5.07% | ▲ +5.52% | No price |
Aug 6, 2026 12w ago | 8-K | $30.37 $31.12 | ▲ +2.47% | ▲ +1.26% | No price |
US Market Status
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