Principal Financial Group's $35.5M reduction is the dominant signal; monitor for further institutional selling in Q4 13F filings and any accompanying 13D/G filings that might explain the thesis change.
How the stock moved after the report
⚠ Clustered BEARISH VIEWSTOCK BELOW ENTRY AT T+1- T+0 · Nov 2 $106.27entry
- T+1 · 3d ago −6.29%α −7.94% · $99.59
- T+3 · todayOpen
- T+5 · in 3d Pending
- T+20 · in 25d Pending
- T+60 · in 3mo Pending
How similar events traded
Executive Summary
Three institutional sellers reduced NICE positions by a net $35.9M in Q3 2026, led by Principal Financial Group trimming 25.5% of its stake ($35.5M reduction). Two small asset managers added minor positions totaling $295K. The cluster is dominated by a single large seller with no insider buying corroboration, suggesting cautious institutional sentiment.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$35.6M
▲ Buyers (2)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assetmark | DOUBLED | +2596.6% | $261.0K | $253.0K |
| Farther Finance Advisors | ADD | +36.3% | $103.0K | $41.0K |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Principal Financial Group | TRIM | -25.5% | $402.8M | -$35.5M |
| Davenport & Co | TRIM | -48.3% | $1.4M | -$520.0K |
| Wealth Enhancement Advisory Services | TRIM | -28.6% | $432.0K | $130.0K |
Key Facts
- Principal Financial Group trimmed 1.13M shares (25.5% of its position), reducing value from $402.8M to $367.3M
- Davenport & Co trimmed 48.3% of its position, reducing value from $1.4M to $896K
- Wealth Enhancement Advisory Services trimmed 28.6% of its position, value increased from $432K to $562K (likely due to price appreciation)
- Two small buyers added $295K in total new value (Assetmark doubled to $261K, Farther Finance added $41K)
- Net institutional selling of approximately $35.6M (buyers $295K minus sellers $35.9M)
- Confluence score 0/100: no open-market insider buying to corroborate institutional activity
Financial Impact
Net institutional selling of approximately $35.6M, representing about 0.5% of NICE's $6.8B market cap. Principal Financial Group alone reduced its stake by $35.5M.
Risk Factors
- 13F data is 45+ days stale; positions may have been adjusted since quarter-end
- Small buyer positions ($364K total) are negligible relative to seller activity ($35.9M)
- No insider buying to offset institutional selling signal
- Principal Financial Group's trim may reflect portfolio rebalancing rather than a negative thesis on NICE
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-NICE-2026-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 5, 2026 today | SC 13G | $97.40 | awaiting T+1 | awaiting T+1 | No price |
Nov 5, 2026 today | 6-K | $100.50 | awaiting T+1 | awaiting T+1 | No price |
Nov 4, 2026 1d ago | 6-K | $99.59 $96.00 | ▼ −3.60% | ▲ +0.80% | No price |
Nov 2, 2026 2d ago | Institutional Cluster | $106.27 $99.59 | ▲ +6.29% | ▲ +7.94% | No price |
Oct 29, 2026 7d ago | 6-K | $113.76 $112.39 | ▼ −1.20% | ▼ −0.73% | No price |
Oct 29, 2026 7d ago | SC 13G/A | $114.99 $113.76 | ▼ −1.07% | ▲ +0.70% | No price |
Oct 7, 2026 29d ago | 6-K | $116.42 $117.31 | ▲ +0.76% | ▲ +1.19% | No price |
Sep 22, 2026 6w ago | Institutional Cluster | $118.29 $117.79 | ▼ −0.42% | ▲ +0.30% | No price |
Sep 9, 2026 8w ago | 6-K | $98.87 $98.04 | ▼ −0.84% | ▼ −0.24% | No price |
Aug 6, 2026 13w ago | 6-K | $97.11 $101.85 | ▲ +4.88% | ▲ +4.27% | No price |
US Market Status
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