The cluster is too small in dollar terms to drive price action on its own. Monitor next quarter's 13F to see if the buying trend from Asset Management One Co. continues or if the selling from Calamos Advisors accelerates. The lack of insider buying and divergent 13F-insider signal suggests no urgent catalyst.
Executive Summary
A mixed institutional cluster in NPKI for Q2 2026 shows three asset managers adding $3.4M in net new positions, led by Asset Management One Co. adding $3.2M, while two sellers trimmed $1.5M, led by Calamos Advisors cutting $1.5M.
Key Financial Metrics
Institutional Positions
Net institutional flow: $1.9M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Asset Management One Co. | ADD | +30.4% | $10.5M | $3.2M |
| New York State Common Retirement Fund | ADD | +44.1% | $463.0K | $170.0K |
| Envestnet Asset Management | ADD | +39% | $304.0K | $105.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Calamos Advisors | TRIM | -34.8% | $5.1M | -$1.5M |
| Pictet Asset Management Holding | TRIM | -37.4% | $287.0K | -$89.7K |
Key Facts
- 3 institutional buyers added $3.4M in net new positions, led by Asset Management One Co. adding $3.2M (30.4% increase to $10.5M)
- 2 institutional sellers trimmed $1.5M, led by Calamos Advisors cutting $1.5M (34.8% reduction to $3.7M)
- Net institutional flow is +$1.9M, representing ~0.17% of NPKI's $1.1B market cap
- All 5 funds are categorized as asset managers — no activist or hedge fund involvement
- Insider-13F confluence score is 5/100 (divergent), with zero open-market insider buyers
Financial Impact
3 institutional buyers accumulated $11.3M in current holdings (net +$3.4M) while 2 sellers reduced holdings by $1.5M, for a net positive flow of approximately $1.9M
Risk Factors
- 13F data is 45+ days stale — positions may have already been unwound
- No activist or high-conviction hedge fund involvement weakens the signal
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-NPKI-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 6w ago | 8-K | $12.97 | awaiting T+60 | — | — |
Aug 3, 2026 12w ago | Institutional Cluster | $13.21 | awaiting T+60 | — | — |
Jun 9, 2026 19w ago | Insider Cluster | $14.60 $13.12 | ▲ +10.14% | ▲ +16.72% | — |
May 1, 2026 25w ago | 8-K | $15.57 $12.94 | ▼ −16.89% | ▼ −19.96% | — |
Apr 30, 2026 25w ago | 8-K | $15.57 $12.94 | ▼ −16.89% | ▼ −19.96% | — |
Feb 25, 2026 34w ago | 8-K | $14.89 $15.27 | ▲ +2.55% | ▼ −5.20% | — |
US Market Status
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