The unanimous buying by three active managers at meaningful scale suggests a shared catalyst thesis — likely related to Keysight's exposure to 5G/6G, aerospace/defense, or semiconductor test demand. Monitor upcoming earnings for order book commentary and segment growth that could validate the thesis. The 45-day reporting lag means positions may have been adjusted since quarter-end; watch for any insider buying or 13F amendments for confirmation.
Executive Summary
Three active asset managers added significant positions in Keysight Technologies during Q3 2026, with aggregate buying of $184.2M across 3 institutions, while only one small seller trimmed $2.8M. The cluster is strongly bullish, driven by conviction from Assenagon, Robeco, and Congress Asset Management, each adding 51-61% to existing holdings. The 45-day reporting lag tempers the signal, but the scale and unanimity among active managers suggest a shared thesis around Keysight's electronic test and measurement franchise.
Key Financial Metrics
Institutional Positions
Net institutional flow: $181.4M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Congress Asset Management | ADD | +53.2% | $13.9M | $5.2M |
| Assenagon Asset Management | ADD | +51.6% | $319.3M | $116.8M |
| Robeco Institutional Asset Management B.v. | ADD | +61.3% | $153.9M | $62.2M |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Concurrent Investment Advisors | TRIM | -37.1% | $8.1M | -$2.8M |
Key Facts
- 3 institutions added $184.2M in aggregate to KEYS positions during Q3 2026
- Assenagon Asset Management added $116.8M (+51.6%), the largest dollar increase
- Robeco Institutional Asset Management added $62.2M (+61.3%), the largest percentage increase
- Only 1 seller trimmed $2.8M (-37.1%), a small and likely rebalancing trade
- All three buyers are active asset managers, not passive/index funds, strengthening the signal
- Total buyer holdings reached $487.2M at quarter-end
Financial Impact
3 institutions accumulated $184.2M in new KEYS positions while 1 reduced holdings by $2.8M, for net institutional buying of $181.4M
Risk Factors
- 13F data is 45+ days stale; the cluster may have been partially or fully unwound
- No insider buying corroborates the institutional signal — the thesis is purely fund-driven
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-KEYS-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | Institutional Cluster | — | awaiting T+1 | — | — |
Oct 20, 2026 7d ago | Institutional Cluster | $341.35 $311.52 | ▼ −8.74% | ▼ −7.56% | — |
Oct 2, 2026 25d ago | Insider Cluster | $384.64 $384.17 | ▲ +0.12% | ▲ +0.80% | — |
Sep 25, 2026 4w ago | Insider Cluster | $362.15 $359.74 | ▲ +0.67% | ▼ −0.08% | — |
Aug 25, 2026 9w ago | Insider Cluster | $320.12 $321.87 | ▲ +0.55% | ▲ +0.52% | — |
Aug 25, 2026 9w ago | Insider Cluster | $320.12 $321.87 | ▲ +0.55% | ▲ +0.52% | — |
Aug 21, 2026 9w ago | 144 | $316.13 $310.66 | ▼ −1.73% | ▼ −1.44% | — |
Jul 21, 2026 14w ago | Court Ruling | $327.53 $325.13 | ▼ −0.73% | ▲ +0.50% | — |
Jul 2, 2026 16w ago | Insider Cluster | $313.86 $319.73 | ▲ +1.87% | ▲ +1.00% | — |
Jun 2, 2026 21w ago | 144 | $346.23 $350.34 | ▲ +1.19% | ▲ +1.91% | — |
US Market Status
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