The concentrated buying by three quant funds (D.E. Shaw, Citadel, Two Sigma) suggests a data-driven catalyst thesis — possibly mean-reversion, earnings momentum, or a pending event. Monitor for a 13D filing or material news within 60 days. The 45-day 13F lag means positions may have been adjusted since quarter-end.
Executive Summary
Four institutional investors, led by quant funds D.E. Shaw, Citadel, and Two Sigma, significantly increased their KODK positions in Q3 2025, with aggregate buying of $6.7M overwhelming a single $284K trim by Morgan Stanley. The cluster is dominated by active quant managers, suggesting a shared thesis around a catalyst or undervaluation rather than passive rebalancing.
Key Financial Metrics
Institutional Positions
Net institutional flow: $6.4M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| D.E. Shaw | DOUBLED | +1091.6% | $1.5M | $1.3M |
| Citadel | ADD | +82.8% | $4.7M | $2.4M |
| Two Sigma | DOUBLED | +199.6% | $2.6M | $1.8M |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Morgan Stanley | TRIM | -28% | $1.6M | -$284.1K |
Key Facts
- 4 institutional buyers vs 1 seller in Q3 2025
- Aggregate buying: $6.7M net inflow into KODK
- D.E. Shaw DOUBLED its position (+1,092% shares, $1.3M added)
- Two Sigma DOUBLED (+200% shares, $1.8M added)
- Citadel ADDED 82.8% ($2.4M added)
- Only seller: Morgan Stanley trimmed 28% ($284K reduction)
- 3 of 4 buyers are quant/active managers, 1 is mega-passive (UBS)
Financial Impact
4 institutions accumulated $6.7M in new KODK positions while 1 reduced holdings by $284K, for a net inflow of approximately $6.4M
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound
- KODK has a small market cap ($948M) and low liquidity — institutional moves may have outsized price impact
- Historical calibration shows negative average alpha (-2.04%) for this segment at T+20
- Prior neutral calls on KODK had mixed outcomes (avg T+20 +7.27% but high variance)
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-KODK-2025-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 9, 2026 12w ago | EFFECT | $8.22 $9.45 | ▲ +14.96% | ▲ +12.72% | — |
Jun 25, 2026 14w ago | Institutional Cluster | $9.29 $8.05 | ▼ −13.35% | ▼ −13.88% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $9.68 $8.22 | ▼ −15.08% | ▼ −16.97% | — |
May 7, 2026 21w ago | 8-K | $11.41 $9.06 | ▼ −20.60% | ▼ −20.62% | — |
Apr 9, 2026 25w ago | DEFA14A | $12.28 $14.51 | ▲ +18.16% | ▲ +10.59% | — |
US Market Status
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