The breadth and conviction of institutional selling is a strong bearish signal. Traders should short LEA or buy puts, targeting downside over the next 4-6 weeks as the 13F lag unwinds. Watch for a potential earnings miss or guidance cut as the catalyst.
Executive Summary
Seven institutional investors, including quant funds Point72 and Citadel, reduced their LEA positions by a net $206.4 million in Q3 2024, with no new buyers. The concentrated selling by active managers signals deteriorating confidence in the automotive supplier's near-term outlook.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$206.4M
▼ Sellers (7)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Invesco | TRIM | -39.6% | $42.8M | -$18.1M |
| Norges Bank | TRIM | -49.1% | $78.0M | -$40.0M |
| Point72 | NEAR_EXIT | -94.6% | $64.1M | -$60.8M |
| Citadel | NEAR_EXIT | -80.4% | $58.9M | -$47.9M |
| D.E. Shaw | TRIM | -75% | $14.6M | -$11.1M |
| Legal & General Group | TRIM | -53.8% | $25.9M | -$14.5M |
| Alliancebernstein | TRIM | -56.5% | $23.9M | -$14.0M |
Key Facts
- 7 institutions net sold $206.4M in LEA during Q3 2024; zero buyers recorded.
- Point72 and Citadel nearly exited, reducing positions by 94.6% and 80.4% respectively.
- Selling was broad-based across quant, sovereign, and asset manager funds.
- Insider selling of $1.8M in the last 30 days aligns with institutional distribution.
Financial Impact
7 institutional investors sold approximately $206.4 million in net value during Q3 2024, led by near-exit reductions from Point72 (-$60.8M) and Citadel (-$47.9M). Total previous holdings were $308.2M, reduced to $101.8M.
Risk Factors
- 13F data is 45+ days old; positions may have changed since quarter-end.
- Analyst consensus is 50% bullish; a contrarian bounce could occur if selling was overdone.
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-LEA-2024-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 31, 2026 9w ago | S-3ASR | $130.64 $123.52 | ▼ −5.45% | ▼ −8.44% | — |
Jul 31, 2026 9w ago | 8-K | $130.64 $123.52 | ▼ −5.45% | ▼ −8.44% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $145.00 $134.76 | ▲ +7.06% | ▲ +8.95% | — |
Jun 3, 2026 17w ago | Insider Cluster | $144.81 $130.39 | ▼ −9.96% | ▼ −8.83% | — |
Feb 24, 2026 31w ago | Insider Cluster | $133.32 $119.84 | ▼ −10.11% | ▼ −5.13% | — |
US Market Status
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