The cluster is directionally mixed with passive-heavy buying offset by a quant sell-off. Monitor for a fundamental catalyst (e.g., pipeline update or earnings) that could explain the divergence. The lack of active manager participation reduces signal reliability.
Executive Summary
A mixed institutional cluster in KRRO for Q3 2025 shows four buyers (led by Morgan Stanley doubling to $8.0M) adding $12.8M in net new holdings, while two sellers (Citadel trimming 56% and BofA nearly exiting) reduced by $2.9M. The buying is dominated by mega-passive and quant funds, suggesting index rebalancing or systematic positioning rather than a fundamental catalyst, while Citadel's large trim signals caution. The cluster is directionally mixed with passive-heavy buying offset by a quant sell-off, limiting conviction.
Key Financial Metrics
Institutional Positions
Net institutional flow: $9.9M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Morgan Stanley | DOUBLED | +104.9% | $8.0M | $7.0M |
| Two Sigma | ADD | +75.4% | $3.1M | $2.6M |
| UBS | DOUBLED | +185.8% | $2.5M | $2.3M |
| Schwab | ADD | +30% | $1.1M | $884.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Citadel | TRIM | -56.1% | $4.4M | -$3.0M |
| BofA | NEAR_EXIT | -83.3% | $352.0K | -$126.4K |
Key Facts
- 4 buyers added $12.8M in net new holdings; 2 sellers reduced by $2.9M
- Morgan Stanley doubled its position to $8.0M (104.9% increase), the largest buyer
- Citadel trimmed 56.1% of its stake, reducing from 350.6K to 153.9K shares
- BofA nearly exited, cutting 83.3% of its position to just 4.7K shares
- All buyers are mega-passive or quant funds; no active value or activist funds participated
- Net aggregate institutional buying of ~$9.9M, but passive nature weakens signal
Financial Impact
4 institutions accumulated $14.8M in current holdings (net change +$12.8M), while 2 sellers reduced by $2.9M, for a net institutional inflow of ~$9.9M
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound
- Passive fund buying may reflect index rebalancing, not conviction
- Citadel's large trim could indicate informed selling ahead of negative news
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-KRRO-2025-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $12.73 | awaiting T+1 | — | — |
Oct 26, 2026 1d ago | Insider Buy | $12.46 | awaiting T+1 | — | — |
Oct 22, 2026 5d ago | 8-K | $12.05 $11.98 | ▼ −0.58% | ▼ −0.06% | — |
Oct 16, 2026 11d ago | Press Release | $8.91 $9.44 | ▲ +5.95% | ▲ +5.61% | — |
Oct 5, 2026 22d ago | 8-K | $9.76 $10.49 | ▲ +7.48% | ▲ +7.72% | — |
Oct 5, 2026 22d ago | Press Release | $9.76 $10.49 | ▲ +7.48% | ▲ +7.72% | — |
Sep 15, 2026 6w ago | Insider Cluster | $13.83 $11.80 | ▼ −14.68% | ▼ −15.81% | — |
Aug 13, 2026 10w ago | Insider Cluster | $13.29 $13.28 | ▼ −0.08% | ▲ +0.12% | — |
Aug 6, 2026 11w ago | 8-K | $12.12 $13.25 | ▲ +9.32% | ▲ +8.71% | — |
Jul 9, 2026 15w ago | Institutional Cluster | $14.30 $14.56 | ▲ +1.82% | ▲ +1.39% | — |
US Market Status
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