The concentrated selling by multiple asset managers, especially Mirae Asset's full exit, signals a shared negative thesis on KRMN. Monitor upcoming earnings or corporate events for a catalyst that could explain the coordinated reduction. Insider buying of $1.0M tempers the bearish signal but does not reverse it.
Executive Summary
Four institutional sellers reduced KRMN holdings by $48.7M in Q3 2026, led by Mirae Asset's full exit of its $36.4M position, while only one small buyer added $19K. The cluster is heavily one-sided bearish, though insider buying of $1.0M provides a partial counterweight.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$48.7M
▲ Buyers (1)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Vontobel Holding | ADD | +53.3% | $4.3M | -$19.0K |
▼ Sellers (4)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Mirae Asset Global Investments Co. | EXIT | -100% | $36.4M | -$36.4M |
| Daiwa Securities Group | TRIM | -38.5% | $19.7M | -$11.9M |
| Farther Finance Advisors | TRIM | -51.3% | $25.0K | -$17.0K |
| Assetmark | TRIM | -69.3% | $644.0K | -$515.0K |
Key Facts
- 4 institutional sellers reduced holdings by a net $48.7M in Q3 2026
- Mirae Asset fully exited a $36.4M position (728.2K shares)
- Daiwa Securities trimmed 38.5% of its position, selling $11.9M worth
- Only 1 buyer (Vontobel) added a small position worth $4.3M, net change -$19K
- Insider buying of $1.0M (3 open-market buyers) provides a partial counterweight with a conviction score of 53/100
- All institutions are asset managers, no passive/index funds dominate the cluster
Financial Impact
4 institutions sold a net $48.7M in KRMN shares, with Mirae Asset alone exiting $36.4M. One buyer added $4.3M, resulting in a net institutional outflow of approximately $44.4M.
Risk Factors
- 13F data is 45+ days stale; positions may have been adjusted since quarter-end
- Insider buying provides a conflicting signal that could indicate management sees value at current levels
- The cluster is small (5 institutions total); a few large moves dominate the aggregate
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-KRMN-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | Institutional Cluster | $41.69 $39.95 | ▲ +4.17% | ▲ +2.40% | No price |
Oct 27, 2026 5d ago | Institutional Cluster | $37.98 $41.69 | ▲ +9.77% | ▲ +10.15% | No price |
Oct 27, 2026 5d ago | SC 13G | $37.73 $37.98 | ▲ +0.66% | ▲ +0.32% | No price |
Oct 5, 2026 27d ago | SC 13G | $33.02 $33.29 | ▲ +0.82% | ▲ +0.27% | No price |
Sep 18, 2026 6w ago | Insider Cluster | $35.75 $35.21 | ▼ −1.51% | ▼ −3.06% | No price |
Sep 16, 2026 6w ago | 8-K | $36.94 $35.25 | ▼ −4.58% | ▼ −5.71% | No price |
Aug 27, 2026 9w ago | 8-K | $47.42 $45.57 | ▼ −3.90% | ▼ −3.67% | No price |
Jun 11, 2026 20w ago | 8-K | $47.83 $48.27 | ▲ +0.92% | ▼ −0.84% | No price |
Jun 11, 2026 20w ago | Institutional Cluster | $49.58 $47.83 | ▼ −3.53% | ▼ −4.07% | No price |
Jun 1, 2026 21w ago | 8-K | $54.65 $51.84 | ▼ −5.14% | ▼ −4.45% | No price |
US Market Status
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