The strong accumulation by active managers suggests a positive outlook on PR's cash flow and shareholder returns, but the 45-day 13F lag means some buying may be priced in. Monitor upcoming earnings and insider buying for confirmation. The divergence with insider selling (no open-market buys) warrants caution—wait for a pullback or insider corroboration before adding.
Executive Summary
A large institutional cluster in Permian Resources (PR) shows 39 buyers accumulating $970.6M in net new positions during Q1 2026, dominated by active asset managers. Key buyers include Wellington Management (+$275.5M), Victory Capital (+$172.4M), and Fidelity (+$167.9M), while notable sellers Grantham Mayo (-$184.9M) and Holocene Advisors (-$53.5M) reduced holdings. The net inflow of $735.9M represents ~4.7% of market cap, signaling strong institutional conviction despite a 45-day reporting lag.
Key Financial Metrics
Institutional Positions
Net institutional flow: $735.9M
▲ Buyers (39)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Wellington Management Group | ADD | +97.2% | $413.5M | $275.5M |
| Victory Capital Management | DOUBLED | +141.6% | $236.9M | $172.4M |
| Fidelity | ADD | +69.1% | $274.9M | $167.9M |
| Arrowstreet Capital, Limited P | NEW | — | $121.0M | $121.0M |
| Capital World Investors | DOUBLED | +6950.3% | $67.6M | $67.0M |
| Invesco | ADD | +27.6% | $170.2M | $82.4M |
▼ Sellers (16)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Grantham, Mayo, Van Otterloo & Co | NEAR_EXIT | -98.7% | $188.6M | -$184.9M |
| Holocene Advisors | NEAR_EXIT | -84.8% | $69.6M | -$53.5M |
| Cerity Partners | TRIM | -56.6% | $13.3M | -$4.5M |
| Lmr Partners | TRIM | -43.9% | $12.6M | -$1.9M |
Key Facts
- 39 institutional buyers added $970.6M in net new positions, while 16 sellers reduced by $234.7M, net inflow of $735.9M.
- Top buyers: Wellington Management (+$275.5M, +97.2% shares), Victory Capital (+$172.4M, +141.6%), Fidelity (+$167.9M, +69.1%), Arrowstreet Capital (new $121M), Capital World Investors (new $67M).
- Top sellers: Grantham Mayo (near exit, -$184.9M, -98.7% shares), Holocene Advisors (near exit, -$53.5M, -84.8%).
- Cluster dominated by active asset managers, not passive rebalancing, strengthening the signal.
- Insider activity shows no open-market buying (confluence score 25/100, divergent), tempering conviction.
Financial Impact
Net institutional inflow of $735.9M (buyers added $970.6M, sellers reduced $234.7M), representing ~4.7% of PR's $15.5B market cap.
Risk Factors
- 13F data is stale (quarter-end March 31, 2026); positions may have been partially unwound.
- Significant selling by Grantham Mayo and Holocene Advisors indicates some institutional skepticism.
- No insider buying to corroborate the bullish thesis; insider selling of $1.3M in last 30 days is a minor negative.
- Historical calibration shows negative average alpha (-5.71% vs SPY at T+20) for past PR reports, suggesting limited follow-through.
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-PR-2026-Q1 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 3, 2026 28d ago | Insider Cluster | $23.36 $23.76 | ▲ +1.71% | ▲ +2.92% | — |
Jun 18, 2026 15w ago | Institutional Cluster | $18.43 $18.86 | ▲ +2.33% | ▲ +4.00% | — |
May 19, 2026 19w ago | 8-K | $20.89 $19.33 | ▼ −7.47% | ▼ −8.71% | — |
May 6, 2026 21w ago | 8-K | $20.08 $20.24 | ▲ +0.80% | ▼ −0.71% | — |
Mar 12, 2026 29w ago | Insider Cluster | $18.91 $19.97 | ▲ +5.60% | ▲ +6.58% | — |
Mar 4, 2026 30w ago | Insider Cluster | $18.38 $19.19 | ▼ −4.43% | ▼ −5.76% | — |
Mar 4, 2026 30w ago | Insider Cluster | $18.38 $19.19 | ▼ −4.43% | ▼ −5.76% | — |
US Market Status
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