The cluster is dominated by active asset managers on both sides, but the net selling is larger and includes a near-total exit by Assetmark.
Executive Summary
Institutional activity in PEG during Q3 2026 was mixed: six asset managers accumulated $40.8M in net new positions (led by Robeco doubling its stake and Assenagon adding 74%), while three sellers reduced holdings by $65.8M, driven by Assetmark exiting 90% of its position.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$25.0M
▲ Buyers (6)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Robeco Institutional Asset Management B.v. | DOUBLED | +314.8% | $34.0M | $24.1M |
| Assenagon Asset Management | ADD | +74% | $45.3M | $13.9M |
| Wealth Enhancement Advisory Services | ADD | +31.8% | $10.5M | $1.3M |
| Abn Amro Investment Solutions | ADD | +39.8% | $8.1M | $1.1M |
| Hb Wealth Management | ADD | +39.8% | $2.3M | $311.0K |
| Vontobel Holding | ADD | +29.6% | $473.0K | $33.0K |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assetmark | NEAR_EXIT | -90% | $65.0M | -$59.6M |
| Fjarde Ap-Fonden /Fourth Swedish National | NEAR_EXIT | -99.9% | $4.9M | -$4.9M |
| Td Waterhouse Canada | TRIM | -41.4% | $2.6M | -$1.3M |
Key Facts
- 6 buyers accumulated $40.8M in net new positions; 3 sellers reduced by $65.8M
- Robeco Institutional Asset Management doubled its stake (+314.8%, $24.1M added)
- Assenagon Asset Management added 74% (+$13.9M)
- Assetmark exited 90% of its position, selling $59.6M
- Fjarde Ap-Fonden / Fourth Swedish National nearly fully exited (-99.9%, $4.9M sold)
- Net aggregate: sellers (-$65.8M) outweighed buyers (+$40.8M) by ~$25M
Financial Impact
6 institutions accumulated $40.8M in new buying vs 3 sellers reducing by $65.8M; net institutional outflow of approximately $25M in selling pressure
Risk Factors
- 13F data is 45+ days stale; positions may have already been unwound
- Net selling outweighs buying by ~$25M, suggesting a negative signal
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-PEG-2026-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | Institutional Cluster | $72.02 | awaiting T+60 | awaiting T+60 | No price |
Aug 4, 2026 12w ago | 8-K | $76.27 | awaiting T+60 | awaiting T+60 | No price |
Aug 4, 2026 12w ago | Press Release | $76.27 | awaiting T+60 | awaiting T+60 | No price |
Jul 2, 2026 16w ago | Insider Cluster | $81.62 $66.56 | ▼ −18.45% | ▼ −21.46% | No price |
Jun 2, 2026 21w ago | 424B5 | $78.32 $74.03 | ▼ −5.48% | ▼ −6.59% | No price |
Jun 1, 2026 21w ago | 424B5 | $76.67 $73.28 | ▼ −4.42% | ▼ −5.65% | No price |
May 5, 2026 25w ago | 8-K | $79.73 $77.55 | ▼ −2.73% | ▼ −5.47% | No price |
US Market Status
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