The cluster shows a split: two large holders (Artemis, Assenagon) significantly reduced exposure, while five smaller managers added. The net selling is notable but the breadth of buyers suggests the stock may be finding a floor. Monitor Q4 2026 13F filings for continuation or reversal of this pattern.
Executive Summary
Five asset managers added $50.3M in PFE positions during Q3 2026, while two large holders trimmed $148.3M. The net selling is driven by two substantial trims from Artemis and Assenagon, but the buying side shows conviction from five smaller active managers, including a 63.8% increase by Atwood & Palmer. The cluster is mixed — the dollar-weighted net is negative, but the breadth of buyers suggests selective accumulation at current levels.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$98.0M
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Wealth Enhancement Advisory Services | ADD | +30.8% | $107.0M | $32.1M |
| Abn Amro Investment Solutions | ADD | +58.5% | $16.6M | $7.7M |
| Farther Finance Advisors | ADD | +38.1% | $15.6M | $6.0M |
| Hb Wealth Management | ADD | +26.6% | $12.7M | $4.2M |
| Atwood & Palmer | ADD | +63.8% | $464.0K | $225.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Artemis Investment Management | TRIM | -50.6% | $183.3M | -$76.0M |
| Assenagon Asset Management | TRIM | -36.9% | $286.6M | -$72.3M |
Key Facts
- 5 buyers added $50.3M in aggregate; 2 sellers reduced by $148.3M
- Largest buyer: Wealth Enhancement Advisory Services added $32.1M (30.8% increase to $107.0M)
- Largest seller: Artemis Investment Management trimmed $76.0M (50.6% reduction to $107.3M)
- Assenagon Asset Management cut $72.3M (36.9% reduction to $214.3M)
- All 7 funds are active asset managers — no passive/index funds in the cluster
- 13F data is as of quarter-end Q3 2026, filed with ~45-day lag
Financial Impact
Net institutional selling of $98.0M (buyers added $50.3M, sellers removed $148.3M) in PFE during Q3 2026
Risk Factors
- 13F data is stale — positions may have been unwound or added to since quarter-end
- Two large sellers outweigh five smaller buyers in dollar terms, indicating net institutional distribution
- No insider buying corroboration provided — the signal is purely institutional
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-PFE-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | Institutional Cluster | $30.03 | awaiting T+20 | — | — |
Aug 13, 2026 10w ago | Court Ruling | $26.79 $27.72 | ▲ +3.47% | ▲ +5.46% | — |
Aug 12, 2026 10w ago | Insider Buy | $26.80 $27.72 | ▲ +3.43% | ▲ +5.18% | — |
Aug 12, 2026 10w ago | Insider Cluster | $26.80 $27.72 | ▲ +3.43% | ▲ +5.18% | — |
Aug 6, 2026 11w ago | Insider Cluster | $26.20 $28.81 | ▲ +9.95% | ▲ +9.35% | — |
Aug 5, 2026 11w ago | Insider Buy | $26.20 $28.81 | ▲ +9.96% | ▲ +9.36% | — |
Aug 5, 2026 11w ago | Insider Cluster | $26.20 $28.81 | ▲ +9.95% | ▲ +9.35% | — |
Aug 4, 2026 12w ago | 8-K | $25.41 $28.55 | ▲ +12.36% | ▲ +13.60% | — |
Jul 31, 2026 12w ago | Court Ruling | $25.03 $28.46 | ▼ −13.70% | ▼ −12.47% | — |
Jul 24, 2026 13w ago | Court Ruling | $24.67 $27.97 | ▲ +13.38% | ▲ +10.08% | — |
US Market Status
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