The cluster signals no active discretionary conviction — index-rebalancing and automatic weighting are more likely drivers. Fidelity's near-exit is the outlier worth watching; if additional 13F filings show follow-through selling from other actives, rotation risk increases. Otherwise, the filing is noise for RDW at Q3-end snapshot.
Executive Summary
Redwire's 2025-Q3 13F cluster shows five mega-passive fund families (BlackRock, State Street, BofA, T. Rowe Price, Morgan Stanley) all adding shares, while Fidelity nearly fully exited its position. The institutional flow is directionally positive but entirely from index/quant passive managers, not active discretionary funds, and the net dollar change is slightly negative due to Q3's share-price decline in the value-weighting. The divergence between Fidelity's exit and the others' adds may reflect fund-specific index-reconstitution timing rather than a shared active thesis.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$21.2M
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| BlackRock | ADD | +43.7% | $36.1M | -$9.4M |
| State Street | ADD | +76.3% | $26.3M | -$746.9K |
| BofA | DOUBLED | +233.6% | $1.1M | $627.0K |
| T. Rowe Price | ADD | +58% | $239.00 | -$35.00 |
| Morgan Stanley | DOUBLED | +233.6% | $18.0M | $8.2M |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Fidelity | NEAR_EXIT | -99.1% | — | -$19.8M |
Key Facts
- 5 passive fund families added a combined $81.5M in current holdings; 1 passive seller, Fidelity, exited all but 10.7K shares ($19.9M sold down to $96K).
- Total net dollar change across all tracked funds is -$21.2M, driven by Fidelity's near-complete exit and Q3 price depreciation of shares held by buyers.
- Morgan Stanley doubled its stake with a $8.2M value increase; BlackRock added 43.7% more shares but its dollar holding fell $9.4M due to price decline.
- T. Rowe Price's position is a tiny odd lot ($239 current value) — not a material signal.
- Fidelity's -99.1% share count reduction is an outlier among passive managers; the cluster shows no active or activist manager involvement.
- Amplifier verdict from cross-filing context (inst-earnings + inst-offering) pushes impact to lower end of raised range, but passive-dominant composition caps conviction.
Financial Impact
5 institutions accumulated current holdings worth $81.5M (gross buying $8.8M net of price decline) while Fidelity sold $19.8M, producing net outflow of ~$11M from tracked passive funds.
Risk Factors
- 13F 45-day lag means positions may have been unwound or changed since September 30; current management actions are unknown.
- All moves are from mega-passive index managers; active managers could have been net sellers off-screen (not fully captured).
- Fidelity's exit may reflect an index-change or risk-limit event specific to its funds, not a negative fundamental view on RDW.
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-RDW-2025-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 9, 2026 7w ago | Institutional Cluster | $13.12 $11.23 | ▼ −14.41% | ▼ −13.49% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $17.09 $10.47 | ▼ −38.74% | ▼ −40.63% | — |
Jun 9, 2026 16w ago | 8-K | $15.75 $10.21 | ▲ +35.17% | ▲ +36.62% | — |
Jun 9, 2026 16w ago | 424B5 | $15.75 $10.21 | ▲ +35.17% | ▲ +36.62% | — |
May 19, 2026 19w ago | 144 | $13.91 $14.36 | ▼ −3.24% | ▼ −2.25% | — |
May 6, 2026 21w ago | 8-K | $9.20 $18.62 | ▲ +102.39% | ▲ +99.26% | — |
Apr 10, 2026 25w ago | DEFA14A | $9.99 $12.16 | ▲ +21.72% | ▲ +13.99% | — |
Feb 26, 2026 31w ago | 8-K/A | $9.55 $8.87 | ▼ −7.12% | ▼ −0.72% | — |
US Market Status
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