The cluster is dominated by a single large new position from Assenagon, which may reflect a concentrated bet rather than broad consensus. Monitor Q4 2026 earnings (guidance $0.78-$0.84) for confirmation of the freight market tightening thesis that likely drove this accumulation.
Executive Summary
Four institutional asset managers accumulated $30.2M in Knight-Swift shares during Q3 2026, led by a new $30.0M position from Assenagon Asset Management. The buying cluster follows a strong Q3 earnings beat reported two days ago, suggesting the institutions anticipated or reacted to the improving freight market fundamentals and Truckload segment margin expansion.
Key Financial Metrics
Institutional Positions
Net institutional flow: $30.2M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | NEW | +0% | $30.0M | $30.0M |
| Hb Wealth Management | ADD | +87.2% | $813.0K | $211.0K |
| Farther Finance Advisors | ADD | +40.1% | $160.0K | $20.0K |
| Mather Group | DOUBLED | +225% | $8.0K | $5.0K |
Key Facts
- 4 institutional buyers added $30.2M in net new positions during Q3 2026
- Assenagon Asset Management initiated a new $30.0M position (471.6K shares)
- No institutional sellers in the cluster
- Cluster follows Q3 2026 earnings beat (Adjusted EPS $0.83 vs $0.82 consensus, revenue $2.20B vs $2.18B)
- Truckload segment Adjusted Operating Ratio improved 700 bps to 89.2%
Financial Impact
4 institutions accumulated $30.2M in new positions (total current holdings $31.0M) with zero institutional selling in the cluster
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Cluster is heavily concentrated in one new buyer (Assenagon at $30M of $30.2M total)
- No insider buying corroborates the institutional signal
- Q4 guidance midpoint ($0.81) is slightly below Q3 actual ($0.83), suggesting limited near-term upside
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-KNX-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | Institutional Cluster | $61.21 | awaiting T+5 | — | — |
Oct 21, 2026 6d ago | 8-K | $62.52 | awaiting T+5 | — | — |
Oct 13, 2026 14d ago | SC 13G | $63.21 $63.20 | ▼ −0.02% | ▼ −0.47% | — |
Aug 14, 2026 10w ago | Insider Cluster | $72.42 $71.60 | ▼ −1.13% | ▲ +0.24% | — |
Aug 6, 2026 11w ago | 8-K | $69.28 $73.30 | ▲ +5.80% | ▲ +4.59% | — |
Jul 31, 2026 12w ago | Insider Cluster | $68.42 $68.67 | ▲ +0.37% | ▼ −1.66% | — |
Jun 8, 2026 20w ago | 144 | $80.35 $79.25 | ▲ +1.37% | ▲ +3.78% | — |
Jun 4, 2026 20w ago | 8-K | $78.57 $81.54 | ▲ +3.78% | ▲ +3.21% | — |
May 13, 2026 23w ago | 8-K | $59.47 $70.73 | ▲ +18.93% | ▲ +19.07% | — |
May 8, 2026 24w ago | 8-K | $61.70 $69.01 | ▲ +11.85% | ▲ +11.93% | — |
US Market Status
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