The broad-based selling across 8 asset managers, combined with 0% analyst bullishness and a 25% win rate on prior MTW reports, suggests continued institutional de-risking. Monitor for further 13F selling in Q4 2024 and any earnings guidance revisions. The Citadel doubling is a contrarian signal but insufficient to offset the bearish consensus.
Executive Summary
A bearish institutional cluster formed in MTW during 2024-Q3, with 8 sellers reducing holdings by ~$7.7M versus 3 buyers adding only ~$2.2M. The selling is broad-based across asset managers, while buying is concentrated in a quant fund (Citadel doubling its stake) and two passive/asset-manager adds. The 8:3 seller-to-buyer ratio and net outflow of ~$5.5M signal deteriorating institutional conviction in Manitowoc's construction machinery outlook.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$5.5M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| T. Rowe Price | ADD | +36.1% | $525.00 | $62.00 |
| Citadel | DOUBLED | +787.6% | $1.9M | $1.7M |
| Voya Investment Management | ADD | +34.1% | $4.6M | $493.0K |
▼ Sellers (8)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | TRIM | -60.9% | $5.9M | -$4.0M |
| Los Angeles Capital Management | NEAR_EXIT | -77.9% | $1.4M | -$1.1M |
| Ameriprise Financial | TRIM | -36.2% | $2.1M | -$959.8K |
| Connor, Clark & Lunn Investmen | TRIM | -56.7% | $1.1M | -$678.5K |
| Russell Investments Group | TRIM | -25.9% | $920.0K | -$350.7K |
| Hsbc Holdings | TRIM | -64.4% | $579.0K | -$391.8K |
| Legal & General Group | TRIM | -26.2% | $371.0K | -$142.7K |
| Cwm | TRIM | -69.7% | $35.00 | -$26.00 |
Key Facts
- 8 institutional sellers reduced holdings by a net ~$7.7M in Q3 2024
- 3 institutional buyers added only ~$2.2M, creating a net outflow of ~$5.5M
- Largest seller: Assenagon Asset Management trimmed 60.9% of its position, reducing value by ~$4.0M
- Los Angeles Capital Management nearly exited, cutting 77.9% of its stake
- Citadel was the most aggressive buyer, doubling its position (+787.6%) to $1.9M
- Analyst consensus is heavily bearish: 0 buy, 2 hold, 7 sell/strong sell (0% bullish)
Financial Impact
Net institutional outflow of approximately $5.5M in Q3 2024, with total selling of $7.7M overwhelming buying of $2.2M
Risk Factors
- Continued institutional selling pressure could weigh on MTW shares
- Heavy analyst sell-side consensus (7 of 9 ratings are sell/strong sell) may amplify negative sentiment
- Prior MTW reports show poor predictive accuracy (avg T+20 return -8.96%), so cluster signal may already be partially priced
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-MTW-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 12, 2026 16w ago | Institutional Cluster | $12.46 $20.99 | ▼ −68.46% | ▼ −65.20% | — |
May 6, 2026 21w ago | 8-K | $13.62 $14.31 | ▲ +5.07% | ▲ +1.23% | — |
May 5, 2026 21w ago | 8-K | $13.28 $13.85 | ▲ +4.29% | ▲ +2.23% | — |
Mar 20, 2026 28w ago | DEFA14A | $11.76 $12.71 | ▲ +8.08% | ▼ −4.98% | — |
US Market Status
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