The cluster is dominated by passive/index-driven accumulation — not a strong active-fund catalyst signal. Nevertheless, the sheer dollar volume ($50M+ net buying) represents meaningful incremental demand for a $2.0B market cap stock. Monitor upcoming 13F-Q for Q1-2026 to see if active managers follow or if passive buying reverses. The Two Sigma and T. Rowe Price near-exits are notable — both are quant/active and may be hedging macro-exposure in consumer credit.
Executive Summary
Six major institutions accumulated $88.4M in LendingClub common stock during 2025-Q4, dominated by large passive managers (Fidelity, Morgan Stanley, BofA, Wells Fargo) alongside quant funds D.E. Shaw and Point72. Two quant/active sellers (T. Rowe Price, Two Sigma) nearly fully exited. The net buying is substantial but driven overwhelmingly by mega-passive rebalancing — active fund signal is weak.
Key Financial Metrics
Institutional Positions
Net institutional flow: $44.4M
▲ Buyers (6)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Fidelity | DOUBLED | +3681.6% | $17.4M | $17.0M |
| Bank of America | ADD | +39.8% | $21.6M | $9.2M |
| Wells Fargo | ADD | +60.4% | $2.6M | $1.3M |
| Morgan Stanley | ADD | +70.3% | $22.1M | $11.7M |
| D.E. Shaw | ADD | +63.4% | $1.5M | $741.0K |
| Point72 | ADD | +42.4% | $23.2M | $10.1M |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| T. Rowe Price | NEAR_EXIT | -86% | $14.0K | -$11.2K |
| Two Sigma | NEAR_EXIT | -88.3% | $6.7M | -$5.7M |
Key Facts
- 6 institutional buyers added $50.1M net; 2 sellers reduced $5.7M
- Fidelity DOUBLED position 37x to 917.8K shares ($17.4M), the largest percentage increase
- Point72 (quant hedge fund) added 42.4% to 1.23M shares ($23.2M), the largest dollar-position among buyers
- Two Sigma (quant) cut 88.3% to 51.4K shares ($974K), the largest dollar exit at -$5.7M
- T. Rowe Price exited 86% of its position to 124.7K shares, near-zero residual value
- 4 of 6 buyers are mega-passive managers (Fidelity, BofA, Wells Fargo, Morgan Stanley) — likely systematic or index-driven buying
Financial Impact
Total disclosed buying by 6 institutions = $88.4M in current positions; net dollar inflow from cluster = $50.1M. Two sellers removed $5.7M. Net cluster direction is +$44.4M of concentrated buying.
Risk Factors
- Passive-manager cluster buying is often index-driven and may reverse on reconstitution; not a fundamental catalyst signal
- 13F data has 45-day reporting lag; positions may have been unwound by now
- LC stock has underperformed recently (prior reports show negative T+20 alpha vs SPY); macro headwinds in consumer credit could persist
- Both quant sellers (Two Sigma, T. Rowe Price) are sophisticated — their exits may signal concerns unseen in passive inflows
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-LC-2025-Q4 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 22, 2026 14w ago | 8-K | $19.21 awaiting T+5 | awaiting T+5 | — | — |
Jun 11, 2026 16w ago | Institutional Cluster | $18.24 $18.81 | ▲ +3.13% | ▲ +2.69% | — |
Jun 4, 2026 17w ago | Insider Cluster | $17.15 $18.05 | ▲ +5.25% | ▲ +4.68% | — |
Jun 4, 2026 17w ago | Insider Cluster | $17.15 $18.05 | ▲ +5.25% | ▲ +4.68% | — |
Jun 4, 2026 17w ago | Insider Cluster | $17.15 $18.05 | ▲ +5.25% | ▲ +4.68% | — |
Jun 2, 2026 17w ago | 144 | $16.39 $17.22 | ▲ +5.06% | ▲ +8.88% | — |
Jun 2, 2026 17w ago | 8-K | $16.39 $17.22 | ▲ +5.06% | ▲ +8.88% | — |
May 29, 2026 17w ago | Insider Cluster | $18.39 $17.15 | ▼ −6.74% | ▼ −3.99% | — |
Apr 27, 2026 22w ago | 8-K | $16.87 $16.64 | ▼ −1.36% | ▼ −3.06% | — |
Mar 30, 2026 26w ago | Court Ruling | $13.81 $14.50 | ▲ +5.00% | ▲ +0.70% | — |
US Market Status
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