The divergence between active buying (Marshall Wace, BNP Paribas, Quantinno) and passive selling (BlackRock, State Street, Geode) suggests a thesis-driven accumulation by informed managers against index rebalancing. Monitor upcoming 10-Q for revenue/progress updates that could validate the active thesis.
Executive Summary
In Q2 2026, institutional activity in AVITA Medical (RCEL) was mixed: 14 buyers added $2.2M in new holdings, while 9 sellers reduced positions by $4.1M. The buying was concentrated among active asset managers (Marshall Wace, BNP Paribas, Quantinno), while the selling was dominated by mega-passive index funds (BlackRock, State Street, Geode). The net $1.9M outflow suggests passive rebalancing or risk reduction, partially offset by conviction buying from active managers.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$1.9M
▲ Buyers (14)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Marshall Wace | DOUBLED | +543.8% | $1.4M | $1.2M |
| Quantinno Capital Management | DOUBLED | +368.1% | $435.0K | $351.0K |
| Bnp Paribas Financial Markets | DOUBLED | +1603.8% | $223.0K | $211.0K |
| Morgan Stanley | ADD | +27.2% | $828.0K | $245.0K |
▼ Sellers (9)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| BlackRock | TRIM | -50.1% | $4.2M | -$1.9M |
| State Street | TRIM | -69.9% | $1.6M | -$1.1M |
| Geode | TRIM | -37.4% | $2.0M | -$605.0K |
| Northern Trust | TRIM | -62.3% | $678.0K | -$393.0K |
Key Facts
- 14 institutional buyers added $2.2M in new holdings; 9 sellers reduced by $4.1M
- Marshall Wace more than quintupled its position (+543.8%, +$1.2M) to $1.4M
- BNP Paribas increased 16-fold (+1603.8%, +$211K) to $223K
- Quantinno Capital more than tripled (+368.1%, +$351K) to $435K
- BlackRock trimmed 50.1% (-$1.9M) to $2.3M; State Street trimmed 69.9% (-$1.1M) to $533K
- Geode cut 37.4% (-$605K) to $1.4M; Northern Trust cut 62.3% (-$393K) to $285K
- Net institutional flow was negative (-$1.9M) despite active manager buying
Financial Impact
Active managers accumulated $2.2M while passive/index funds sold $4.1M, resulting in a net institutional outflow of $1.9M in Q2 2026
Risk Factors
- 13F data is 45 days stale; positions may have been unwound since quarter-end
- Net institutional outflow of $1.9M indicates overall reduction in institutional interest
- Small absolute dollar amounts ($3.4M total buyer holdings) limit signal strength
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-RCEL-2026-Q2 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 5d ago | Press Release | $15.29 | awaiting T+60 | — | — |
Sep 22, 2026 4w ago | Institutional Cluster | $11.49 | awaiting T+60 | — | — |
Aug 9, 2026 11w ago | Press Release | $7.60 | awaiting T+60 | — | — |
Jun 11, 2026 19w ago | Institutional Cluster | $3.97 $11.20 | ▼ −182.12% | ▼ −177.72% | — |
May 17, 2026 23w ago | Press Release | $4.19 | awaiting T+60 | — | — |
Apr 30, 2026 25w ago | Press Release | $4.32 $4.75 | ▲ +9.95% | ▲ +6.85% | — |
Apr 23, 2026 26w ago | Press Release | $4.46 $5.09 | ▲ +14.13% | ▲ +9.05% | — |
Apr 14, 2026 27w ago | Press Release | $5.60 $4.41 | ▼ −21.25% | ▼ −29.77% | — |
US Market Status
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