The cluster is dominated by passive/index rebalancing rather than active conviction — BofA, UBS, and Goldman Sachs likely added due to index weighting adjustments or systematic rebalancing, not a fundamental thesis. The active manager selling (JPMorgan, Dimensional, Wells Fargo) suggests skepticism. Monitor upcoming Q3 2026 13F filings to see if these passive adds were reversed or if active managers re-enter.
Executive Summary
A mixed institutional cluster in Li Auto (LI) for Q2 2026 shows 21 buyers accumulating $32.9M net vs 12 sellers reducing by $8.0M, with the buying dominated by mega-passive funds (BofA, UBS, Goldman Sachs) rather than active managers. The net $24.9M inflow is modest relative to LI's market cap, and the 45-day reporting lag means positions may have shifted since quarter-end.
Key Financial Metrics
Institutional Positions
Net institutional flow: $24.9M
▲ Buyers (21)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| BofA | DOUBLED | +483.2% | $25.8M | $19.1M |
| UBS | ADD | +80.6% | $37.0M | $5.9M |
| Goldman Sachs | ADD | +87.5% | $14.9M | $2.8M |
| Ubs Am, A Distinct Business Unit Of Ubs Asset | DOUBLED | +23844.1% | $3.4M | $3.4M |
| Deutsche Bank | ADD | +73.2% | $8.8M | $1.1M |
▼ Sellers (12)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| JPMorgan | TRIM | -56.6% | $3.3M | -$2.3M |
| Dimensional Fund Advisors | NEAR_EXIT | -80% | $2.9M | -$2.6M |
| Wells Fargo | NEAR_EXIT | -99% | $1.5M | -$1.5M |
| Mariner | TRIM | -66.8% | $989.0K | -$773.0K |
Key Facts
- 21 institutional buyers added $32.9M in net new value; 12 sellers reduced by $8.0M
- Largest buyer: BofA doubled its position (+483% shares, $6.7M → $25.8M)
- UBS added $5.9M (+80.6% shares), Goldman Sachs added $2.8M (+87.5%)
- Top sellers: JPMorgan trimmed -$2.3M (-56.6%), Dimensional Fund Advisors near-exited -$2.6M (-80%)
- Wells Fargo nearly fully exited (-99% shares, $1.5M → $10K)
- Buying is dominated by mega-passive funds (BofA, UBS, Goldman Sachs, Fidelity) — active manager conviction is limited
- 13F data is as of June 30, 2026 — positions may have been unwound in the subsequent 45+ days
Financial Impact
Net institutional inflow of ~$24.9M (buyers added $32.9M, sellers removed $8.0M) — modest relative to LI's multi-billion market cap
Risk Factors
- 13F data is stale (45-day lag) — current positions may differ materially
- Passive-dominated buying may reflect index rebalancing, not fundamental conviction
- Active managers (JPMorgan, Dimensional, Wells Fargo) are reducing exposure, signaling caution
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-LI-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 11d ago | 6-K | $11.34 $11.39 | ▲ +0.44% | ▲ +0.35% | — |
Oct 13, 2026 14d ago | 6-K | $11.75 $11.93 | ▲ +1.53% | ▲ +2.68% | — |
Oct 1, 2026 26d ago | 6-K | $11.12 $10.90 | ▼ −1.98% | ▼ −3.28% | — |
Sep 28, 2026 29d ago | 6-K | $11.71 $10.85 | ▼ −7.34% | ▼ −8.55% | — |
Sep 22, 2026 4w ago | Institutional Cluster | $11.66 $11.23 | ▼ −3.69% | ▼ −2.50% | — |
Sep 21, 2026 5w ago | 6-K | $11.52 $11.71 | ▲ +1.65% | ▲ +2.67% | — |
Sep 14, 2026 6w ago | 6-K | $12.17 $11.52 | ▼ −5.34% | ▼ −5.45% | — |
Sep 8, 2026 7w ago | 6-K | $12.46 $11.76 | ▼ −5.62% | ▼ −4.50% | — |
Sep 1, 2026 8w ago | 6-K | $11.90 $11.91 | ▲ +0.08% | ▲ +0.00% | — |
Aug 26, 2026 8w ago | 6-K | $12.14 $12.01 | ▲ +1.07% | ▲ +0.95% | — |
US Market Status
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