The cluster is dominated by active/quant sellers (Morgan Stanley, D.E. Shaw, Citadel) reducing large positions, while passive buyers added smaller amounts. This suggests a bearish institutional read on MXL heading into Q4 2025. Monitor upcoming earnings for any fundamental deterioration that may have driven the selling.
Executive Summary
A mixed institutional cluster in MXL for Q3 2025 shows two mega-passive buyers (UBS, BofA) adding $7.4M in new holdings, while three sellers—including Morgan Stanley, D.E. Shaw, and Citadel—reduced by a combined $29.4M. The net selling pressure from larger position sizes dominates the cluster, suggesting institutional caution despite selective accumulation by passive managers.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$21.9M
▲ Buyers (2)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| UBS | ADD | +44.3% | $6.7M | $2.6M |
| BofA | ADD | +43.7% | $12.4M | $4.8M |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Morgan Stanley | TRIM | -65.7% | $30.1M | -$18.4M |
| D.E. Shaw | TRIM | -56.2% | $11.0M | -$5.6M |
| Citadel | NEAR_EXIT | -86.2% | $6.4M | -$5.4M |
Key Facts
- 2 buyers added $7.4M in new holdings; 3 sellers reduced by $29.4M
- Morgan Stanley trimmed 65.7% of its position, selling $18.4M worth
- Citadel nearly exited, cutting 86.2% of its stake, selling $5.4M
- D.E. Shaw trimmed 56.2%, selling $5.6M
- UBS and BofA added modestly (+44% and +44% respectively) but from smaller bases
- All three sellers are active/quant managers; both buyers are mega-passive index funds
Financial Impact
Net institutional selling of ~$22.0M (buyers added $7.4M, sellers removed $29.4M)
Risk Factors
- 13F data is 45+ days stale; positions may have been reversed since quarter-end
- Passive buying may reflect index rebalancing rather than conviction
- Selling could be tax-loss harvesting or portfolio rebalancing unrelated to fundamentals
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-MXL-2025-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 11, 2026 16w ago | Institutional Cluster | $81.09 $62.74 | ▲ +22.63% | ▲ +27.02% | — |
May 26, 2026 18w ago | 144 | $101.10 $65.28 | ▼ −35.43% | ▼ −37.31% | — |
May 22, 2026 19w ago | 144 | $96.12 $66.43 | ▼ −30.89% | ▼ −33.61% | — |
May 4, 2026 21w ago | 144 | $81.68 $66.92 | ▼ −18.07% | ▼ −20.81% | — |
May 4, 2026 21w ago | Insider Cluster | $78.12 $57.25 | ▼ −26.72% | ▼ −28.57% | — |
Apr 23, 2026 23w ago | 8-K | $60.32 $86.06 | ▲ +42.67% | ▲ +37.59% | — |
US Market Status
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