The cluster is dominated by a single fund's large position increase; without broader participation or insider corroboration, the signal is weak. Monitor Q4 13F filings to see if Proshare Advisors maintained or added to its stake.
How the stock moved after the report
NEUTRAL VIEWSTOCK BELOW ENTRY AT T+1- T+0 · Nov 3 $212.40entry
- T+1 · 2d ago −2.25%α +2.16% · $207.62
- T+3 · todayOpen
- T+5 · in 4d Pending
- T+20 · in 26d Pending
- T+60 · in 3mo Pending
How similar events traded
Executive Summary
Three institutional investors added $10.3M in NHC during Q3 2026, led by Proshare Advisors doubling its stake to $10.2M, while two other funds trimmed $947K. The cluster is mixed: a single large buyer dominates the dollar flow, but the net conviction score is low and insider activity is absent, weakening the signal.
Key Financial Metrics
Institutional Positions
Net institutional flow: $9.4M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Proshare Advisors | DOUBLED | +2411.2% | $10.2M | $9.8M |
| Strs Ohio | ADD | +29.1% | $1.6M | $396.0K |
| Farther Finance Advisors | DOUBLED | +170.6% | $85.0K | $55.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Exchange Traded Concepts | TRIM | -73.6% | $1.1M | -$831.0K |
| Pictet Asset Management Holding | TRIM | -27.3% | $474.0K | -$116.0K |
Key Facts
- 3 institutional buyers added $10.3M in aggregate during Q3 2026
- Proshare Advisors doubled its stake from $391K to $10.2M (+2411% shares)
- 2 institutional sellers trimmed $947K in aggregate
- Exchange Traded Concepts trimmed 73.6% of its position, exiting $831K
- Insider-13F confluence score is 6/100 (divergent), with zero open-market insider buyers
Financial Impact
Net institutional buying of $9.4M ($10.3M bought minus $947K sold), with Proshare Advisors alone adding $9.8M
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Insider-13F confluence is divergent (score 6/100), indicating no insider alignment with the institutional buying
- The cluster is small in dollar terms relative to NHC's $3.2B market cap
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-NHC-2026-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 6, 2026 today | 8-K | $214.19 | awaiting T+60 | awaiting T+60 | No price |
Nov 6, 2026 today | 8-K | $214.19 | awaiting T+60 | awaiting T+60 | No price |
Nov 3, 2026 2d ago | Institutional Cluster | $212.40 | awaiting T+60 | awaiting T+60 | No price |
Oct 30, 2026 7d ago | SC 13G/A | $206.14 | awaiting T+60 | awaiting T+60 | No price |
Sep 2, 2026 9w ago | Insider Cluster | $221.64 | awaiting T+60 | awaiting T+60 | No price |
Aug 28, 2026 9w ago | Insider Cluster | $216.53 | awaiting T+60 | awaiting T+60 | No price |
Aug 11, 2026 12w ago | 8-K | $216.69 $210.55 | ▼ −2.83% | ▼ −2.70% | No price |
Aug 11, 2026 12w ago | 8-K | $216.69 $210.55 | ▼ −2.83% | ▼ −2.70% | No price |
May 27, 2026 23w ago | 8-K | $184.84 $233.40 | ▲ +26.27% | ▲ +24.54% | No price |
May 22, 2026 23w ago | Insider Cluster | $190.00 $234.04 | ▲ +23.18% | ▲ +20.45% | No price |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers