A mixed institutional cluster in PARR for 2026-Q2 shows 31 buyers accumulating $78.6M in new positions (led by Jane Street's new $27.4M stake and BofA's $18.5M addition) while 29 sellers reduced holdings by $130.1M (led by JPMorgan, Citadel, and Millennium trimming large positions). The net selling pressure of ~$51.5M and the absence of any open-market insider buying (confluence score 22/100, divergent) suggest institutional conviction is split, with active quant and mega-passive funds reducing exposure despite some asset manager accumulation.
Executive Summary
A mixed institutional cluster in PARR for 2026-Q2 shows 31 buyers accumulating $78.6M in new positions (led by Jane Street's new $27.4M stake and BofA's $18.5M addition) while 29 sellers reduced holdings by $130.1M (led by JPMorgan, Citadel, and Millennium trimming large positions). The net selling pressure of ~$51.5M and the absence of any open-market insider buying (confluence score 22/100, divergent) suggest institutional conviction is split, with active quant and mega-passive funds reducing exposure despite some asset manager accumulation.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$8.9M
▲ Buyers (31)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Jane Street Group | NEW | — | $27.4M | $27.4M |
| BofA | DOUBLED | +124.1% | $36.9M | $18.5M |
| Amundi | DOUBLED | +2707.8% | $18.3M | $17.6M |
▼ Sellers (29)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Citadel | TRIM | -73% | $45.2M | -$34.3M |
| JPMorgan | NEAR_EXIT | -76.7% | $35.3M | -$27.9M |
| Nuveen | TRIM | -54.2% | $44.8M | -$26.5M |
Key Facts
- 31 institutional buyers added $78.6M in new positions (total $121.2M)
- 29 institutional sellers reduced holdings by $130.1M
- Jane Street Group initiated a new $27.4M position (489.4K shares)
- JPMorgan nearly exited, cutting 76.7% of its stake (-$27.9M)
- Citadel trimmed 73.0% (-$34.3M) and Millennium trimmed 62.8% (-$20.3M)
- No open-market insider buying; 13F × Form 4 confluence score 22/100 (divergent)
- Net institutional selling of ~$51.5M despite 31 buyers vs 29 sellers
Financial Impact
Net institutional selling of ~$51.5M: 31 buyers added $78.6M while 29 sellers reduced by $130.1M. Largest buyer: Jane Street $27.4M new position. Largest seller: Citadel -$34.3M trim.
Risk Factors
- Net institutional selling of ~$51.5M suggests negative sentiment from large quant funds
- No insider buying to corroborate institutional accumulation
- 45-day 13F reporting lag means positions may have been unwound since quarter-end
- Large trims from JPMorgan, Citadel, and Millennium could indicate fundamental concerns
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-PARR-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 28, 2026 28d ago | Press Release | $77.97 $87.52 | ▲ +12.25% | ▲ +11.04% | — |
Sep 15, 2026 5w ago | Insider Cluster | $84.90 $76.97 | ▼ −9.34% | ▼ −11.17% | — |
Sep 11, 2026 6w ago | Insider Cluster | $81.70 $82.00 | ▼ −0.37% | ▼ −0.26% | — |
Aug 26, 2026 8w ago | Institutional Cluster | $75.77 $80.16 | ▲ +5.79% | ▲ +5.91% | — |
Aug 25, 2026 8w ago | Press Release | $75.77 $80.16 | ▲ +5.79% | ▲ +5.91% | — |
Aug 19, 2026 9w ago | Insider Cluster | $72.45 $77.04 | ▲ +6.34% | ▲ +5.22% | — |
Aug 18, 2026 9w ago | Insider Cluster | $77.13 $75.77 | ▼ −1.76% | ▼ −1.38% | — |
Aug 11, 2026 10w ago | Insider Cluster | $75.47 $80.51 | ▼ −6.68% | ▼ −7.08% | — |
Aug 4, 2026 11w ago | Press Release | $69.92 $77.78 | ▲ +11.24% | ▲ +10.89% | — |
May 11, 2026 23w ago | Press Release | $63.08 $58.79 | ▼ −6.80% | ▼ −6.88% | — |
US Market Status
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