The cluster is mixed with no clear directional bias. Monitor for a catalyst (earnings, product cycle) that could resolve the divergence. Given the 45-day 13F lag and poor historical signal reliability on NTGR, avoid trading on this cluster alone. Watch for insider buying or a material event to confirm the bullish thesis.
Executive Summary
Institutional 13F cluster for NTGR shows mixed conviction: 14 buyers added $10.9M while 10 sellers reduced $15.0M, resulting in net institutional selling of ~$4.1M. Notable buyers include Renaissance Technologies (+$4.5M) and Allianz (+$1.7M), while Morgan Stanley (-$6.0M) and Picton Mahoney (-$5.5M) were the largest sellers. The cluster lacks insider buying corroboration and historical 13F-based signals on NTGR have been unreliable, suggesting limited near-term directional conviction.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$4.1M
▲ Buyers (14)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Renaissance Technologies | ADD | +77.8% | $12.2M | $4.5M |
| Allianz Asset Management | ADD | +58.1% | $5.9M | $1.7M |
| BofA | ADD | +71.5% | $5.3M | $1.8M |
| Wellington Management Group | ADD | +56.5% | $5.3M | $1.5M |
| Envestnet Asset Management | DOUBLED | +106.5% | $1.0M | $462.0K |
▼ Sellers (10)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Morgan Stanley | TRIM | -52.5% | $10.3M | -$6.0M |
| Picton Mahoney Asset Management | NEAR_EXIT | -96.4% | $5.7M | -$5.5M |
| Russell Investments Group | TRIM | -65.5% | $2.3M | -$1.6M |
| Amundi | TRIM | -46.8% | $1.1M | -$603.6K |
Key Facts
- 14 institutions added $10.9M in NTGR during Q1 2026; 10 institutions reduced $15.0M.
- Renaissance Technologies added 244K shares (+77.8%), now holding $12.2M.
- Allianz Asset Management added 99K shares (+58.1%), now holding $5.9M.
- Morgan Stanley trimmed 222K shares (-52.5%), reducing position from $10.3M to $4.4M.
- Picton Mahoney nearly exited, selling 224K shares (-96.4%), reducing from $5.7M to $184K.
- No open-market insider buying in the concurrent period; 4 insider sells totaling $162K.
- Net institutional flow was negative ~$4.1M, but buyers outnumbered sellers 14 to 10.
Financial Impact
Net institutional selling of approximately $4.1M, representing ~0.6% of NTGR's $658M market cap. Buyer-side additions totaled $10.9M; seller-side reductions totaled $15.0M.
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound.
- No insider buying corroboration; insider selling continues.
- Net institutional selling outweighs buying in dollar terms.
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-NTGR-2026-Q1 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 16, 2026 19w ago | Institutional Cluster | $24.34 $20.98 | ▼ −13.80% | ▼ −14.80% | — |
Jun 3, 2026 20w ago | Insider Cluster | $25.74 $21.09 | ▼ −18.07% | ▼ −19.95% | — |
Jun 3, 2026 20w ago | Insider Cluster | $25.20 $20.87 | ▼ −17.18% | ▼ −20.23% | — |
Jun 3, 2026 20w ago | Insider Cluster | $25.74 $21.09 | ▼ −18.07% | ▼ −19.95% | — |
Apr 16, 2026 27w ago | DEFA14A | $27.51 $23.00 | ▼ −16.39% | ▼ −22.54% | — |
Apr 16, 2026 27w ago | 8-K | $27.51 $23.00 | ▼ −16.39% | ▼ −22.54% | — |
Apr 14, 2026 27w ago | 8-K | $24.10 $22.94 | ▼ −4.81% | ▼ −13.34% | — |
US Market Status
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