The divergence between Artemis's aggressive accumulation and Wasatch's substantial trim suggests disagreement on RGEN's near-term outlook. Monitor upcoming earnings for revenue growth trajectory and any guidance changes that could resolve this institutional split.
Executive Summary
Institutional activity in RGEN during Q3 2026 shows a mixed picture: Artemis Investment Management more than tripled its position (+$55.4M), while Wasatch Advisors cut 43% (-$42.6M) and Assenagon nearly exited (-$9.4M). The net $3.8M inflow is modest relative to the $174M+ in aggregate holdings, and the 45-day reporting lag means positions may have already shifted.
Key Financial Metrics
Institutional Positions
Net institutional flow: $3.8M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Artemis Investment Management | DOUBLED | +207.6% | $72.0M | $55.4M |
| Wealth Enhancement Advisory Services | ADD | +61.4% | $1.3M | $370.0K |
| Farther Finance Advisors | ADD | +35.5% | $72.0K | $34.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Wasatch Advisors | TRIM | -43% | $217.0M | -$42.6M |
| Assenagon Asset Management | NEAR_EXIT | -97.9% | $9.7M | -$9.4M |
Key Facts
- Artemis Investment Management doubled its RGEN stake (+207.6%), adding $55.4M to reach $72.0M
- Wasatch Advisors trimmed 43% of its RGEN position, selling $42.6M to leave $174.4M
- Assenagon Asset Management nearly exited (-97.9%), selling $9.4M to leave $286K
- Two smaller buyers (Farther Finance, Wealth Enhancement) added modest amounts totaling ~$404K
- Net aggregate change across all 5 institutions was +$3.8M inflow
Financial Impact
3 institutions accumulated $55.8M in new RGEN positions while 2 reduced holdings by $52.0M, resulting in a net $3.8M inflow
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound or added to since quarter-end
- Wasatch's $42.6M trim is 3x larger than Artemis's add, signaling potential institutional conviction loss
- No insider buying confluence to corroborate the bullish side of the cluster
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-RGEN-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 8-K | $176.93 | awaiting T+60 | — | — |
Oct 27, 2026 today | Press Release | $181.38 | awaiting T+60 | — | — |
Oct 15, 2026 12d ago | Institutional Cluster | $184.17 | awaiting T+60 | — | — |
Oct 7, 2026 20d ago | SC 13G/A | $167.22 | awaiting T+60 | — | — |
Oct 6, 2026 21d ago | 8-K | $174.86 | awaiting T+60 | — | — |
Oct 6, 2026 21d ago | Press Release | $174.86 | awaiting T+60 | — | — |
Aug 24, 2026 9w ago | S-4 | $181.69 | awaiting T+60 | — | — |
Jul 28, 2026 13w ago | 8-K | $145.34 $180.01 | ▲ +23.85% | ▲ +19.50% | — |
Jul 22, 2026 13w ago | 425 / 8-K | $140.09 $184.17 | ▲ +31.47% | ▲ +28.20% | — |
Jul 22, 2026 13w ago | Press Release | $140.09 $184.17 | ▲ +31.47% | ▲ +28.20% | — |
US Market Status
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