The cluster is a tug-of-war: premier quant funds and Capital Group are aggressively accumulating, while major asset managers are exiting near-full positions. Monitor next 13F filing (mid-Feb 2025) to see if either camp continues or reverses — the 45-day lag makes the cluster stale, but the diversity of active quant buyers suggests a valuation or catalyst thesis (not passive rebalancing). Insider selling in the past 30 days is small but aligns with the bearish side.
Executive Summary
A significant institutional cluster emerged in LSCC during Q3 2024, marked by heavy buying from mega-passive (Capital Group) and top quant funds (Citadel, Point72, DE Shaw, Bridgewater, Walleye), while multiple large asset managers (Ameriprise, UBS, Sumitomo, Amundi) sharply reduced positions. Net aggregate buying of ~$145.4M versus $154.8M selling leaves the cluster conviction nearly evenly split by dollar volume, but the buyer composition (activists and quants vs. passive) suggests a directional but contested thesis.
Key Financial Metrics
Institutional Positions
Net institutional flow: $145.2M
▲ Buyers (29)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Capital Group | NEW | +0% | $108.4M | $108.4M |
| Point72 | NEW | +0% | $49.3M | $49.3M |
| Citadel | DOUBLED | +22171.2% | $132.2M | $131.6M |
| Walleye Capital | DOUBLED | +261.6% | $7.7M | $5.4M |
▼ Sellers (26)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Ubs Am, A Distinct Business Un | TRIM | -30.3% | $94.9M | -$34.3M |
| Ameriprise Financial | TRIM | -25.6% | $165.1M | -$52.7M |
| Sumitomo Mitsui Trust Group | NEAR_EXIT | -97.1% | $15.8M | -$15.4M |
| Amundi | NEAR_EXIT | -75.9% | $36.3M | -$29.0M |
| Mitsubishi Ufj Asset Managemen | NEAR_EXIT | -98.5% | $5.1M | -$5.1M |
| Hsbc Holdings | NEAR_EXIT | -97.6% | $11.9M | -$11.7M |
Key Facts
- 29 institutional buyers and 26 sellers in Q3 2024 (LSCC).
- Aggregate buyer position value: $315.0M (net change +$300.1M); aggregate seller position change: -$154.8M.
- Capital Group opened a new $108.4M stake (2.04M shares) — a mega-passive entry of material scale.
- Citadel increased its position ~221x to $132.2M (2.49M shares).
- Point72 launched a new $49.3M position (928.9K shares).
- Bridgewater, DE Shaw, Walleye Capital, and Janus Henderson all added significantly.
- Ameriprise Financial trimmed -$52.7M (25.6% reduction); UBS cut -$34.3M (30.3%).
- Sumitomo Mitsui (-97.1%), HSBC (-97.6%), Mitsubishi UFJ (-98.5%), and Amundi (-75.9%) executed near-exits.
- 3 insider sells in the prior 30 days totaling $1.0M.
Financial Impact
Net institutional buying of ~$145M (buyers added $300.1M in new holdings; sellers reduced -$154.8M), with the four top buyers (Capital Group, Citadel, Point72, Walleye) totaling ~$294.6M in new accumulation.
Risk Factors
- 13F reporting lag: positions are from 9/30/2024, not current. The cluster may have already been unwound.
- Selling volume ($154.8M) nearly offsets buying ($145.4M net), making directional conviction uncertain.
- Several sellers were near-exits (-97% to -98%), suggesting conviction that the thesis is broken.
- Dominance of quant funds on buy side increases risk of rapid, algo-driven reversals.
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-LSCC-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $96.40 | awaiting T+5 | — | — |
Oct 13, 2026 13d ago | S-3ASR | $115.00 $107.79 | ▼ −6.27% | ▼ −6.72% | — |
Oct 13, 2026 13d ago | 8-K/A | $115.00 $107.79 | ▼ −6.27% | ▼ −6.72% | — |
Aug 19, 2026 9w ago | Insider Cluster | $117.68 $119.34 | ▲ +1.41% | ▲ +1.80% | — |
Jun 30, 2026 16w ago | 8-K | $146.30 $130.60 | ▼ −10.73% | ▼ −10.99% | — |
Jun 12, 2026 19w ago | Institutional Cluster | $144.53 $153.72 | ▲ +6.36% | ▲ +5.69% | — |
Jun 5, 2026 20w ago | Insider Cluster | $135.57 $144.53 | ▲ +6.61% | ▲ +6.04% | — |
May 4, 2026 25w ago | 8-K | $122.27 $128.96 | ▲ +5.47% | ▲ +3.49% | — |
Mar 18, 2026 31w ago | DEFA14A | $94.92 $94.92 | · 0.00% | ▲ +2.21% | — |
Mar 9, 2026 33w ago | Insider Cluster | $90.63 $89.92 | ▼ −0.78% | ▲ +0.57% | — |
US Market Status
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