The cluster is too small in absolute dollar terms ($16.8M net buying vs $16.2B market cap) to move the stock. Monitor for larger institutional accumulation in the next 13F cycle or insider buying to confirm the thesis. The lack of alpha-name funds and zero insider buying suggests this is noise, not a signal.
Executive Summary
A small institutional cluster formed in LAMR during 2026-Q2, with 5 active managers adding $16.8M in net new positions while 1 manager nearly exited a $4.6M stake. The buying is concentrated in smaller asset managers, with Merit Financial Group doubling its position to $15.1M — the dominant move. The sole seller, Gateway Investment Advisers, cut nearly all of its $4.9M stake. The cluster lacks insider corroboration (confluence score 19/100, divergent) and is dominated by small-dollar additions from non-alpha names, limiting conviction. Historical calibration shows LAMR reports at score 6-7 have sub-50% observed up-move rates at T+20 with asymmetric downside (μ_l -18.1% at score 7), warranting a conservative score.
Key Financial Metrics
Institutional Positions
Net institutional flow: $16.8M
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Merit Financial Group | DOUBLED | +1243.1% | $15.1M | $14.1M |
| Benjamin Edwards | DOUBLED | +289.8% | $1.7M | $1.3M |
| D.a. Davidson & | ADD | +98.5% | $1.0M | $616.0K |
| Farther Finance Advisors | ADD | +66.4% | $580.0K | $299.0K |
| Exchange Traded Concepts | DOUBLED | +1077.1% | $441.0K | $410.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Gateway Investment Advisers | NEAR_EXIT | -95.7% | $4.9M | -$4.6M |
Key Facts
- 5 active managers added net $16.8M in LAMR during 2026-Q2
- Merit Financial Group doubled its position by 1,243% to $15.1M, accounting for 90% of total buying
- Gateway Investment Advisers nearly exited a $4.9M position, selling 95.7% of shares
- No open-market insider buying corroborates the institutional cluster (confluence score 19/100)
- All buyers are small asset managers; no well-known activist or hedge fund names present
Financial Impact
5 institutions accumulated $18.8M in positions (net change +$16.8M) while 1 seller reduced holdings by $4.6M
Risk Factors
- Small absolute dollar amounts relative to market cap — unlikely to drive price action
- No insider buying to corroborate the institutional thesis
- Historical calibration shows LAMR reports at this score level have sub-50% up-move rates with asymmetric downside risk
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-LAMR-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 1, 2026 4w ago | 8-K | $150.79 $144.11 | ▼ −4.43% | ▼ −4.10% | — |
Aug 6, 2026 8w ago | 8-K | $160.00 $151.55 | ▼ −5.28% | ▼ −5.88% | — |
Aug 6, 2026 8w ago | Press Release | $160.00 $151.55 | ▼ −5.28% | ▼ −5.88% | — |
Jul 25, 2026 9w ago | Institutional Cluster | $160.99 $152.68 | ▼ −5.16% | ▼ −8.46% | — |
May 14, 2026 20w ago | 8-K | $145.00 $154.48 | ▲ +6.54% | ▲ +4.42% | — |
May 7, 2026 21w ago | 8-K | $150.30 $149.59 | ▼ −0.47% | ▼ −3.60% | — |
May 7, 2026 21w ago | Press Release | $150.30 $149.59 | ▼ −0.47% | ▼ −3.60% | — |
Apr 13, 2026 24w ago | Press Release | $133.96 $152.26 | ▲ +13.66% | ▲ +7.37% | — |
US Market Status
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