The dominant signal is one large exit and two trims totaling $22.4M in selling, dwarfing the $117K in buying. Monitor for further institutional distribution in upcoming 13F filings and any insider selling that may confirm the bearish thesis.
Executive Summary
Institutional 13F data for Q3 2026 shows mixed activity in LiveRamp, with two small buyers (Farther Finance Advisors doubling a tiny position to $127K, Assetmark adding a nominal amount) against three sellers, led by Assenagon Asset Management's full exit of a $21.9M position. The net selling pressure totals $22.4M, while buying totals only $117K, indicating a clear institutional distribution trend despite the mixed label.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$22.3M
▲ Buyers (2)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Farther Finance Advisors | DOUBLED | +1158.1% | $127.0K | $117.0K |
| Assetmark | ADD | +55.6% | $525.00 | $186.00 |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | EXIT | -100% | $21.9M | -$21.9M |
| Proshare Advisors | TRIM | -55.9% | $705.0K | -$395.0K |
| Nisa Investment Advisors | TRIM | -34.7% | $296.0K | -$103.0K |
Key Facts
- Aggregate institutional activity: 2 buyers (net +$117K) vs 3 sellers (net -$22.4M)
- Assenagon Asset Management fully exited a $21.9M position (580.8K shares)
- Proshare Advisors trimmed 55.9% of its position, reducing value by $395K
- Nisa Investment Advisors trimmed 34.7% of its position, reducing value by $103K
- Farther Finance Advisors doubled a tiny position from $10K to $127K
- No insider buying corroboration (confluence score 12/100, institutions-only signal)
Financial Impact
Net institutional selling of approximately $22.3M, with one fund exiting a $21.9M position entirely
Risk Factors
- 13F data is 45+ days stale; positions may have been adjusted since quarter-end
- The cluster is dominated by asset managers, not hedge funds or activists, reducing signal strength
- No insider buying to corroborate the institutional moves
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-RAMP-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 today | SC 13G/A | $38.50 | awaiting T+60 | awaiting T+60 | No price |
Oct 29, 2026 1d ago | Institutional Cluster | $38.23 | awaiting T+60 | awaiting T+60 | No price |
Oct 28, 2026 2d ago | 8-K | $38.23 | awaiting T+60 | awaiting T+60 | No price |
Oct 27, 2026 3d ago | Institutional Cluster | $38.14 | awaiting T+60 | awaiting T+60 | No price |
Oct 8, 2026 22d ago | SC 13G/A | $37.57 | awaiting T+60 | awaiting T+60 | No price |
Aug 20, 2026 10w ago | 8-K | $37.58 | awaiting T+60 | awaiting T+60 | No price |
Aug 17, 2026 10w ago | 8-K | $37.43 | awaiting T+60 | awaiting T+60 | No price |
Aug 10, 2026 11w ago | DEFA14A / 8-K | $37.75 | awaiting T+60 | awaiting T+60 | No price |
Jul 22, 2026 14w ago | Press Release | $37.68 $37.55 | ▼ −0.34% | ▼ −4.90% | No price |
Jul 6, 2026 16w ago | DEFM14A | $37.54 $37.65 | ▲ +0.29% | ▼ −1.43% | No price |
US Market Status
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