The cluster is too small (3 funds, $44.7M total) and stale (45-day lag) to signal a near-term catalyst. Monitor next earnings for any fundamental improvement that could validate the buying thesis, especially given prior bearish model performance on this ticker.
Executive Summary
Three asset managers added to their MYRG positions in Q3 2026, led by Congress Asset Management's 94.7% increase, bringing total institutional buying to $4.3M net. However, the cluster is small (3 buyers, $44.7M total holdings) and dominated by a single large add from Congress, with two much smaller adds showing value declines due to share price drops.
Key Financial Metrics
Institutional Positions
Net institutional flow: $4.3M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Congress Asset Management | ADD | +94.7% | $41.9M | $5.1M |
| Farther Finance Advisors | ADD | +38.9% | $66.0K | -$15.0K |
| Assenagon Asset Management | ADD | +36.4% | $2.8M | -$713.0K |
Key Facts
- 3 institutional buyers added $4.3M net in Q3 2026, with 0 sellers
- Congress Asset Management increased its stake by 94.7% (73.5K → 143.1K shares), adding $5.1M in value
- Two smaller adds (Farther Finance, Assenagon) saw dollar value declines despite share increases, indicating a falling stock price during the quarter
- No sellers in the cluster — unanimous buying direction but modest scale
Financial Impact
3 institutions accumulated $4.3M net in MYRG during Q3 2026, with Congress Asset Management accounting for $5.1M of the total buying
Risk Factors
- 13F data is 45+ days stale — positions may have been unwound since quarter-end
- Two of three adds saw dollar value decline despite share increases, indicating adverse price movement during the quarter
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-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | Institutional Cluster | $285.57 | awaiting T+60 | — | — |
Aug 22, 2026 9w ago | Institutional Cluster | $305.27 | awaiting T+60 | — | — |
Jun 4, 2026 20w ago | Insider Cluster | $445.66 $291.42 | ▼ −34.61% | ▼ −38.61% | — |
May 27, 2026 21w ago | Press Release | $478.93 $310.87 | ▼ −35.09% | ▼ −36.83% | — |
Apr 15, 2026 27w ago | Press Release | $315.26 $411.89 | ▲ +30.65% | ▲ +23.60% | — |
Feb 25, 2026 34w ago | 8-K | $272.47 $446.90 | ▲ +64.02% | ▲ +55.84% | — |
US Market Status
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