The cluster shows a divergence: large passive exits vs. active manager accumulation, reinforced by insider buying. Monitor for a catalyst (e.g., earnings, M&A, guidance raise) that could trigger a re-rating. The 45-day lag means the cluster may already be priced in, but the insider buying is recent.
Executive Summary
The 13F cluster for NSIT reveals a net $116M in institutional selling, but 40 buyers (including Point72, Fil, and RenTech) accumulated $33.6M while 16 sellers (led by Norges Bank, Capital Group, and MFS) shed $149.6M. Insider buying of $200K by C-suite adds conviction to the accumulation side, suggesting a rotation from passive managers into active quant/fundamental managers ahead of a potential catalyst.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$116.0M
▲ Buyers (40)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Point72 | DOUBLED | +162.4% | $24.9M | $13.4M |
| Fil | DOUBLED | +234.7% | $22.3M | $14.2M |
| RenTech | ADD | +31.9% | $12.1M | $949.0K |
| First Trust Advisors | DOUBLED | +362.2% | $2.9M | $2.1M |
| Russell Investments Group | ADD | +86.4% | $4.1M | $1.4M |
▼ Sellers (16)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Norges Bank | EXIT | -100% | $36.2M | -$36.2M |
| Capital Group | EXIT | -100% | $22.8M | -$22.8M |
| Massachusetts Financial Services | TRIM | -61.2% | $47.4M | -$32.2M |
| Voloridge Investment Management | NEAR_EXIT | -82% | $18.3M | -$15.6M |
| Pacer Advisors | EXIT | -100% | $12.8M | -$12.8M |
Key Facts
- 40 buyers (net +$33.6M) vs. 16 sellers (net -$149.6M), net institutional selling of ~$116M
- Largest buyers: Point72 DOUBLED ($13.4M added), Fil DOUBLED ($14.2M added), RenTech ADD ($949K added)
- Largest sellers: Norges Bank EXIT ($36.2M), MFS TRIM ($32.2M), Capital Group EXIT ($22.8M), Voloridge NEAR_EXIT ($15.6M)
- Insider buying: $200K open-market purchase by C-suite (score 75/100 conviction)
Financial Impact
Net institutional selling of $116M, with 40 funds accumulating $33.6M and 16 funds reducing positions by $149.6M. Top buyers added $14.2M (Fil) and $13.4M (Point72); top sellers exited $36.2M (Norges Bank) and $22.8M (Capital Group).
Risk Factors
- 45-day reporting lag; positions may have been unwound already
- Net selling of $116M could weigh on short-term price action
- Selling by large passive funds (Capital Group, Norges) may signal fundamental concerns not captured by the buy side
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-NSIT-2026-Q1 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 6, 2026 11w ago | 8-K | $149.19 $159.15 | ▲ +6.68% | ▲ +6.08% | — |
Jul 22, 2026 13w ago | Institutional Cluster | $115.66 $146.27 | ▲ +26.47% | ▲ +23.16% | — |
Jun 1, 2026 21w ago | 8-K | $117.77 $121.80 | ▲ +3.42% | ▲ +4.72% | — |
May 7, 2026 24w ago | 8-K | $70.37 $115.60 | ▲ +64.27% | ▲ +61.14% | — |
Apr 21, 2026 26w ago | DEFA14A | $77.02 $88.55 | ▲ +14.97% | ▲ +11.80% | — |
Apr 3, 2026 29w ago | DEFA14A | $68.90 $70.48 | ▲ +2.29% | ▼ −6.69% | — |
US Market Status
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