The cluster shows three active asset managers adding shares, but the lack of insider buying (score 18/100) and the negative net dollar change temper conviction. Monitor next 13F filing to see if these positions were maintained or reversed.
Executive Summary
Three institutional investors increased their PTRN positions in Q3 2026, led by Wasatch Advisors adding 893K shares (28.5% increase) and Mirae Asset and Daiwa both more than tripling their holdings. However, the aggregate net dollar change is negative (-$9.6M) due to a decline in Wasatch's position value, and the 45-day reporting lag means these positions may have already been adjusted.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$9.6M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Wasatch Advisors | ADD | +28.5% | $69.1M | -$9.9M |
| Mirae Asset Global Investments Co. | DOUBLED | +219.1% | $336.0K | $181.0K |
| Daiwa Securities Group | DOUBLED | +325.6% | $84.0K | $55.0K |
Key Facts
- Three institutional buyers: Wasatch Advisors (ADD +28.5%), Mirae Asset (DOUBLED +219.1%), Daiwa Securities (DOUBLED +325.6%)
- Aggregate current holdings: $69.5M, net change -$9.6M (driven by Wasatch's value decline from $79M to $69.1M)
- No institutional sellers in the cluster
- Insider confluences score: 18/100, no open-market insider buying corroborating the institutional moves
- 13F data is 45+ days stale; positions reflect Q3 2026 quarter-end
Financial Impact
Three institutions accumulated $69.5M in current holdings, with net dollar change of -$9.6M due to Wasatch's value decline. Wasatch's position alone accounts for $69.1M of the total.
Risk Factors
- 13F data is stale by 45+ days; positions may have been unwound since quarter-end
- No insider buying corroboration weakens the signal
- Wasatch's value decline (-$9.9M) despite share increase suggests the stock price fell during the quarter
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-PTRN-2026-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | Institutional Cluster | $16.89 | awaiting T+60 | awaiting T+60 | No price |
Jun 17, 2026 19w ago | EFFECT | $20.45 $20.05 | ▼ −1.96% | ▼ −5.10% | No price |
Jun 15, 2026 19w ago | S-1 | $19.60 $19.65 | ▲ +0.26% | ▼ −0.75% | No price |
Jun 2, 2026 21w ago | 144 | $20.45 $21.10 | ▲ +3.18% | ▲ +2.06% | No price |
May 15, 2026 24w ago | 144 | $16.51 $22.36 | ▲ +35.43% | ▲ +30.92% | No price |
May 6, 2026 25w ago | 8-K | $16.95 $24.28 | ▲ +43.24% | ▲ +39.41% | No price |
Mar 5, 2026 34w ago | 8-K | $10.80 $19.59 | ▲ +81.39% | ▲ +68.61% | No price |
US Market Status
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