The cluster is dominated by traditional asset managers, not hedge funds or activists, reducing signal strength. The 45-day reporting lag means positions may have already been adjusted. Watch next quarter's 13F for follow-through on either side, and monitor any insider trading patterns for corroboration.
Executive Summary
Institutional activity in LRCX during Q1 2026 was mixed: three asset managers added positions totaling $107.4M, led by Assenagon's $93.8M increase, while three other asset managers reduced holdings by $386.3M, with Artemis and Wealth Enhancement each trimming over $180M. The net selling pressure of ~$279M suggests cautious positioning despite selective accumulation.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$278.9M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | ADD | +86.9% | $318.8M | $93.8M |
| Banque Pictet & Cie | ADD | +93.1% | $42.7M | $13.5M |
| Atwood & Palmer | ADD | +56.4% | $137.0K | $21.0K |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Artemis Investment Management | TRIM | -54.1% | $279.4M | -$182.2M |
| Wealth Enhancement Advisory Services | TRIM | -50.3% | $322.7M | -$187.7M |
| Ninety One Uk | NEAR_EXIT | -92.5% | $17.4M | -$16.4M |
Key Facts
- 3 buyers added $107.4M in net new value; 3 sellers reduced by $386.3M
- Largest buyer: Assenagon Asset Management added $93.8M (+86.9% shares)
- Largest seller: Wealth Enhancement Advisory Services trimmed $187.7M (-50.3% shares)
- Ninety One Uk executed a near-exit, selling 92.5% of its position
- All six institutions are asset managers (no activist, quant, or passive/index funds)
Financial Impact
Net institutional selling of $278.9M during Q1 2026, with total buying of $107.4M and total selling of $386.3M
Risk Factors
- 13F data is 45+ days stale; the cluster may have been unwound
- No activist or quant funds present — signal is from conventional long-only managers
- Net selling outweighs net buying by ~3.6x, suggesting broad 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-LRCX-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 8-K | $230.15 $230.10 | ▼ −0.02% | ▲ +0.50% | — |
Oct 16, 2026 11d ago | Institutional Cluster | $263.94 $272.20 | ▲ +3.13% | ▲ +2.71% | — |
Oct 15, 2026 12d ago | Court Ruling | $263.94 $272.20 | ▲ +3.13% | ▲ +2.71% | — |
Oct 12, 2026 15d ago | Institutional Cluster | $309.56 $301.11 | ▼ −2.73% | ▼ −2.72% | — |
Sep 30, 2026 27d ago | Press Release | $340.10 $347.49 | ▲ +2.17% | ▲ +1.43% | — |
Sep 24, 2026 4w ago | DEFA14A | $315.08 $314.39 | ▼ −0.22% | ▲ +0.52% | — |
Sep 10, 2026 6w ago | Insider Cluster | $298.01 $298.22 | ▲ +0.07% | ▼ −0.78% | — |
Sep 10, 2026 6w ago | Insider Cluster | $298.01 $298.22 | ▲ +0.07% | ▼ −0.78% | — |
Sep 3, 2026 7w ago | Insider Cluster | $292.66 $307.65 | ▲ +5.12% | ▲ +5.51% | — |
Apr 27, 2026 26w ago | Insider Cluster | $259.38 $251.00 | ▼ −3.23% | ▼ −2.75% | — |
US Market Status
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