The breadth and conviction of the selling — four active asset managers reducing positions by 37-76% — suggests a shared thesis of headwinds for Parker-Hannifin. Monitor upcoming earnings and guidance for confirmation of the bearish catalyst. The 45-day reporting lag means these positions may have been adjusted further since quarter-end.
Executive Summary
A bearish institutional cluster formed in Parker-Hannifin (PH) during 2026-Q3, with 4 sellers reducing positions by a net $136.2M against a single buyer adding $30.8M. The selling was broad-based across asset managers, including a near-exit by TD Waterhouse Canada and significant trims by Assenagon, Robeco, and Vontobel. The lone buyer, Banque Pictet & Cie, doubled its stake but at a much smaller scale, leaving a clear net distribution signal.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$105.4M
▲ Buyers (1)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Banque Pictet & Cie | DOUBLED | +130.9% | $55.2M | $30.8M |
▼ Sellers (4)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | TRIM | -37.1% | $202.0M | -$77.9M |
| Td Waterhouse Canada | NEAR_EXIT | -76.3% | $53.4M | -$40.7M |
| Vontobel Holding | TRIM | -38.4% | $12.9M | -$5.1M |
| Robeco Institutional Asset Management B.v. | TRIM | -55.6% | $21.9M | -$12.4M |
Key Facts
- 4 institutional sellers reduced aggregate holdings by $136.2M in Q3 2026
- 1 institutional buyer (Banque Pictet & Cie) added $30.8M, doubling its position
- Assenagon Asset Management trimmed 37.1% of its stake, selling $77.9M worth
- TD Waterhouse Canada executed a near-exit, cutting 76.3% of its position ($40.7M sold)
- Robeco Institutional Asset Management trimmed 55.6% ($12.4M sold)
- Vontobel Holding trimmed 38.4% ($5.1M sold)
- All four sellers are active asset managers, not passive/index funds, amplifying the bearish signal
Financial Impact
Net institutional selling of approximately $136.2M against $30.8M in buying, for a net outflow of ~$105.4M from the stock during Q3 2026
Risk Factors
- 13F data is 45+ days stale; the cluster may have been partially or fully unwound since quarter-end
- The lone buyer (Banque Pictet) doubled its stake, providing a contrarian signal that could indicate a different catalyst view
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-PH-2026-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | Press Release | $958.22 | awaiting T+1 | — | — |
Oct 20, 2026 6d ago | Institutional Cluster | $958.22 $893.21 | ▲ +6.78% | ▲ +5.60% | — |
Sep 28, 2026 29d ago | Court Ruling | $970.37 $955.42 | ▼ −1.54% | ▼ −1.34% | — |
Sep 18, 2026 5w ago | DEF 14A | $943.54 $958.17 | ▲ +1.55% | · 0.00% | — |
Sep 9, 2026 6w ago | 424B5 | $949.47 $934.34 | ▼ −1.59% | ▼ −0.99% | — |
Aug 24, 2026 9w ago | S-3ASR | $1,016.31 $1,039.49 | ▲ +2.28% | ▲ +2.26% | — |
Aug 20, 2026 9w ago | Press Release | $1,001.74 $1,014.24 | ▲ +1.25% | ▲ +1.54% | — |
Aug 19, 2026 9w ago | Insider Cluster | $1,000.13 $1,001.74 | ▲ +0.16% | ▼ −0.25% | — |
Aug 19, 2026 9w ago | Insider Cluster | $1,000.13 $1,001.74 | ▲ +0.16% | ▼ −0.25% | — |
Aug 18, 2026 9w ago | Insider Cluster | $1,023.25 $1,000.13 | ▼ −2.26% | ▼ −1.42% | — |
US Market Status
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