The cluster is dominated by passive/index fund buying, likely reflecting index rebalancing rather than a fundamental catalyst. The absence of insider buying and the trimming by active managers (Millennium, Citadel, Boston Partners) suggest the bullish signal from aggregate dollar flows is weak. Monitor for a fundamental catalyst (e.g., earnings beat or contract win) to validate the passive buying thesis; without it, the selling by informed active managers may prove more predictive.
Executive Summary
MYRG saw a mixed institutional cluster in Q2 2026, with 24 buyers adding $599.5M in net new positions (dominated by mega-passive and asset managers like Vanguard, Geode, and American Century) while 23 sellers trimmed $45.9M, led by notable exits from Millennium and significant trims from Boston Partners and Principal Financial. The heavy buying by passive/index funds suggests index rebalancing rather than a strong active conviction thesis, while active sellers like Millennium and Citadel reduced exposure, creating a divergent signal that tempers the bullish reading from aggregate dollar flows.
Key Financial Metrics
Institutional Positions
Net institutional flow: $553.6M
▲ Buyers (24)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Vanguard Portfolio Management | ADD | +63.2% | $416.3M | $272.4M |
| Geode | ADD | +30.2% | $282.7M | $160.2M |
| American Century Companies | ADD | +61.3% | $161.4M | $105.0M |
| Fidelity | DOUBLED | +120.3% | $54.4M | $40.4M |
| Wells Fargo | ADD | +72.7% | $15.8M | $10.6M |
▼ Sellers (23)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Boston Partners | NEAR_EXIT | -95.7% | $23.1M | -$21.3M |
| Principal Financial Group | TRIM | -62.9% | $86.3M | -$29.5M |
| Millennium | EXIT | -100% | $11.7M | -$11.7M |
| Citigroup | TRIM | -74% | $11.5M | -$6.2M |
| Citadel | TRIM | -61.9% | $4.1M | -$1.3M |
Key Facts
- 24 institutional buyers added $599.5M in net new positions, with Vanguard Portfolio Management alone adding $272.4M
- 23 institutional sellers reduced holdings by $45.9M, including a full exit by Millennium ($11.7M) and near-exit by Boston Partners ($21.3M)
- Top buyers are dominated by mega-passive funds (Geode, Fidelity, Wells Fargo) and asset managers (Vanguard, American Century), not activist or high-conviction hedge funds
- Active managers like Capital World Investors, Citadel, and Citigroup trimmed positions, signaling caution
- No insider open-market buying was detected, weakening the conviction signal from the institutional cluster
Financial Impact
Net institutional buying of $599.5M by 24 buyers vs $45.9M in selling by 23 sellers, for a net inflow of approximately $553.6M
Risk Factors
- Passive buying may reverse in the next rebalance period, creating selling pressure
- Active managers trimming positions suggest limited conviction in near-term upside
- No insider buying corroborates the institutional cluster, reducing signal reliability
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-MYRG-2026-Q2 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 22, 2026 5w ago | Institutional Cluster | $305.27 $289.05 | ▼ −5.31% | ▼ −6.63% | — |
Jun 4, 2026 17w ago | Insider Cluster | $445.66 $442.72 | ▼ −0.66% | ▼ −2.52% | — |
May 27, 2026 18w ago | Press Release | $478.93 $477.95 | ▼ −0.20% | ▲ +2.94% | — |
Apr 15, 2026 24w ago | Press Release | $315.26 $467.97 | ▲ +48.44% | ▲ +42.62% | — |
Feb 25, 2026 31w ago | 8-K | $274.01 $285.18 | ▲ +4.08% | ▲ +9.31% | — |
US Market Status
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