The cluster is dominated by asset managers with no activist or high-conviction funds (no new positions or full exits). Assenagon's aggressive doubling to $83.1M is the strongest signal, but Robeco's large trim of $40.9M partially offsets it. Monitor next quarter's 13F for whether this buying continued or if this was a one-quarter rebalance.
Executive Summary
A mixed institutional cluster in PINS for Q3 2026 shows 4 buyers adding $60.9M in holdings, led by Assenagon Asset Management tripling its position to $83.1M, while 3 sellers reduced by $41.7M, led by Robeco trimming $40.9M. The aggregate net buying of ~$19.2M is modest relative to PINS's market cap, and the 45-day reporting lag limits the signal's timeliness.
Key Financial Metrics
Institutional Positions
Net institutional flow: $19.2M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | DOUBLED | +300.4% | $83.1M | $60.0M |
| Wealth Enhancement Advisory Services | ADD | +32.3% | $3.0M | $490.0K |
| Nisa Investment Advisors | ADD | +83.4% | $116.0K | $46.0K |
| Hb Wealth Management | DOUBLED | +124.5% | $797.0K | $402.0K |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Robeco Institutional Asset Management B.v. | TRIM | -29.2% | $112.3M | -$40.9M |
| Vontobel Holding | TRIM | -61.9% | $1.1M | -$723.0K |
| Fjarde Ap-Fonden /Fourth Swedish National | NEAR_EXIT | -99.7% | $84.0K | -$84.0K |
Key Facts
- 4 institutional buyers added $60.9M in new holdings, led by Assenagon Asset Management doubling its position to $83.1M (300% share increase)
- 3 institutional sellers reduced $41.7M, led by Robeco Institutional Asset Management trimming 29.2% of its stake (sold $40.9M)
- Net institutional flow was mixed: $87.0M in total buyer holdings vs. $71.8M in total seller holdings (pre-trim)
- All participants are asset managers; no activist, quant, or family office funds were detected in the cluster
Financial Impact
4 institutions accumulated $60.9M in new PINS positions while 3 institutions reduced holdings by $41.7M, for a net aggregate inflow of approximately $19.2M
Risk Factors
- 13F data is 45+ days stale; these positions may have been unwound since Q3-end
- No active value or activist funds in the cluster; all participants are asset managers with moderate conviction signals
- No insider buying or activist filings corroborate the institutional buying thesis
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-PINS-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Institutional Cluster | $22.32 | awaiting T+20 | — | — |
Oct 21, 2026 5d ago | Insider Cluster | $22.93 | awaiting T+20 | — | — |
Oct 21, 2026 5d ago | Insider Cluster | $22.93 | awaiting T+20 | — | — |
Oct 20, 2026 6d ago | 144 | $22.95 | awaiting T+20 | — | — |
Oct 15, 2026 11d ago | 8-K | $21.91 | awaiting T+20 | — | — |
Oct 14, 2026 12d ago | 144 | $22.71 | awaiting T+20 | — | — |
Oct 13, 2026 13d ago | 144 | $21.76 | awaiting T+20 | — | — |
Oct 7, 2026 19d ago | 144 | $20.53 | awaiting T+20 | — | — |
Oct 6, 2026 20d ago | 144 | $20.31 | awaiting T+20 | — | — |
Oct 6, 2026 20d ago | 144 | $20.31 | awaiting T+20 | — | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers