The cluster reflects mixed conviction ahead of Q2 earnings that ultimately disappointed on EPS. With no insider buying and a net negative dollar change, the institutional signal is weak. Monitor Q3 2026 13F filings for post-earnings positioning and any follow-through from the operational reset targeting $1.4B in cash flow improvements.
Executive Summary
An institutional cluster for Lucid Group (LCID) from Q2 2026 shows 16 buyers and 6 sellers, with aggregate current holdings of $20.4M but a net dollar change of -$2.7M across all positions. The cluster predates the company's Q2 2026 earnings release (Aug 4), which reported a 56% revenue beat but a deeper-than-expected GAAP net loss of $1.03B and EPS of -$3.30 vs. -$2.32 consensus. The mixed institutional positioning suggests some funds added ahead of the revenue beat while others trimmed, likely reflecting uncertainty about the cash burn trajectory.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$2.7M
▲ Buyers (16)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Citigroup | ADD | +28.5% | $13.8M | -$1.5M |
| Calamos Advisors | ADD | +66.7% | $2.5M | $365.0K |
| Daiwa Securities Group | ADD | +32% | $1.5M | -$121.5K |
| Alps Advisors | ADD | +27.8% | $1.7M | -$200.5K |
▼ Sellers (6)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Swiss Life Asset Management | TRIM | -26.2% | $617.0K | -$539.9K |
| New York State Common Retirement Fund | TRIM | -51.3% | $575.0K | -$378.2K |
| Police & Firemen's Retirement System Of New | TRIM | -34.8% | $519.0K | -$281.3K |
| Walleye Capital | NEAR_EXIT | -99.7% | $64.0K | -$64.0K |
Key Facts
- 16 institutional buyers (current holdings $20.4M) vs. 6 sellers (net change -$1.37M) in Q2 2026
- Notable buyers: Citigroup (ADD, $13.8M current), Calamos Advisors (ADD, $2.5M), Daiwa Securities (ADD, $1.5M), Alps Advisors (ADD, $1.7M)
- Notable sellers: Swiss Life Asset Management (TRIM, -$540K), New York State Common Retirement Fund (TRIM, -$378K), Walleye Capital (NEAR_EXIT, -$64K)
- Cluster predates Q2 2026 earnings (Aug 4): revenue $405M (+56% YoY) but GAAP net loss $1.03B, EPS -$3.30 vs. -$2.32 consensus
- All participants are active asset managers; no passive/index fund involvement
- No insider open-market buying corroborates the cluster (confluence score 18/100, divergent)
Financial Impact
Institutional cluster with $20.4M in aggregate buyer holdings and net selling of approximately $2.7M across all positions; activity represents a small fraction of LCID's $2.8B market cap
Risk Factors
- 13F data has a 45-day reporting lag; positions may have been unwound after the Q2 earnings miss
- Deepening GAAP losses and lack of formal guidance could drive further institutional selling
- High cash burn rate and competitive EV market pressure remain headwinds
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-LCID-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 21d ago | 8-K | $4.16 $4.30 | ▲ +3.37% | ▲ +3.26% | — |
Aug 28, 2026 5w ago | 8-K | $4.85 $4.63 | ▲ +4.54% | ▲ +4.39% | — |
Aug 9, 2026 7w ago | Institutional Cluster | $6.61 $6.22 | ▼ −5.90% | ▼ −5.85% | — |
Aug 7, 2026 8w ago | 3 | $6.61 $6.22 | ▼ −5.90% | ▼ −5.85% | — |
Aug 4, 2026 8w ago | 8-K | $6.70 $6.54 | ▼ −2.39% | ▼ −2.74% | — |
Jun 22, 2026 14w ago | 8-K | $5.16 $5.92 | ▼ −14.73% | ▼ −16.80% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $5.20 $5.36 | ▲ +3.08% | ▲ +2.40% | — |
Jun 1, 2026 17w ago | 8-K | $6.65 $5.12 | ▼ −23.08% | ▼ −20.33% | — |
Apr 29, 2026 22w ago | 8-K | $6.37 $6.19 | ▼ −2.83% | ▼ −4.55% | — |
Apr 20, 2026 23w ago | 3 | $7.11 $5.87 | ▼ −17.44% | ▼ −18.52% | — |
US Market Status
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