The cluster lacks a dominant catalyst or high-conviction activist/event-driven fund, tilting the signal toward passive rebalancing and small active ticks. Monitor next 10-Q for revenue/earnings trends given the neutral Street rating; the mixed intent suggests a wait-and-see posture rather than a clear directional bet.
Executive Summary
A mixed institutional cluster in NVEC Q3 2024 shows $9.5M in aggregate buying ($4.1M net inflow from 4 buyers), partially offset by $1.6M in selling from 5 firms. Active asset managers dominate both sides, with Russell doubling its stake (+$2.6M) and Rhumbline adding $1.5M, while Ameriprise nearly exited (-$1.5M) and T. Rowe Price trimmed. The signal is directionally mixed — the buying is concentrated in fewer but growing positions, but the breadth of sellers and the absence of any activist or catalyst-labeled conviction suggest no unified thesis.
Key Financial Metrics
Institutional Positions
Net institutional flow: $2.5M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Cwm | DOUBLED | +309.6% | $17.00 | $13.00 |
| Rhumbline Advisers | ADD | +37.6% | $4.7M | $1.5M |
| Russell Investments Group | DOUBLED | +110% | $4.7M | $2.6M |
| Legal & General Group | ADD | +27.1% | $87.0K | $23.0K |
▼ Sellers (5)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| T. Rowe Price | TRIM | -26.3% | $652.00 | -$138.00 |
| Nisa Investment Advisors | TRIM | -60% | $747.00 | -$428.00 |
| Ameriprise Financial | NEAR_EXIT | -79.1% | $1.9M | -$1.5M |
| Sei Investments | TRIM | -27.4% | $735.0K | -$164.7K |
| Federated Hermes | TRIM | -40% | $373.00 | -$133.00 |
Key Facts
- 4 institutional buyers added $4.1M net (total holdings $9.5M)
- 5 sellers reduced holdings by $1.6M
- Russell Investments Group doubled its stake to $4.7M (+$2.6M)
- Rhumbline Advisers added +37.6% to $4.7M (+$1.5M)
- Ameriprise Financial near-exited, cutting 79% of its position for a $1.5M reduction
- Active asset managers dominate both sides; no index-only or activist funds observed
- 0% analyst consensus bullish; 3 Hold / 3 Sell ratings suggest no strong conviction on the Street
Financial Impact
4 buyers accumulated $4.6M in new value (including $1.5M from Rhumbline, $2.6M from Russell) while 5 sellers reduced holdings by $1.6M, yielding a net +$2.5M institutional inflow for the quarter
Risk Factors
- Institutional buying is small in absolute dollars ($9.5M) relative to typical float, limiting impact on price
- Nearly half of sellers trimmed materially (Ameriprise -79%, Sei -27%), indicating conviction erosion on the sell side
- 0% analyst bullish consensus signals limited near-term catalysts
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-NVEC-2024-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 8-K | $68.36 $72.64 | ▼ −6.26% | ▼ −6.78% | — |
Aug 10, 2026 11w ago | 8-K | $116.87 $122.22 | ▲ +4.58% | ▲ +4.33% | — |
Jun 22, 2026 18w ago | DEFA14A | $96.52 $91.17 | ▼ −5.54% | ▼ −5.50% | — |
Jun 22, 2026 18w ago | DEFA14A | $96.52 $91.17 | ▼ −5.54% | ▼ −5.50% | — |
Jun 22, 2026 18w ago | DEFA14A | $96.52 $91.17 | ▼ −5.54% | ▼ −5.50% | — |
Jun 22, 2026 18w ago | 8-K | $96.52 $91.17 | ▼ −5.54% | ▼ −5.50% | — |
Jun 12, 2026 19w ago | Institutional Cluster | $116.92 $114.36 | ▼ −2.19% | ▼ −3.95% | — |
US Market Status
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