The extreme concentration of buying in one active-value manager (Dodge & Cox) versus broad-based trimming by mega-passive and quant funds suggests a thesis divergence rather than a consensus catalyst. Monitor Roper's next earnings report for fundamental confirmation or refutation of the value thesis.
Executive Summary
Institutional activity in Roper Technologies during Q2 2026 was mixed: 43 buyers added $1.54B in net new positions (led by Dodge & Cox's $1.21B doubling), while 69 sellers reduced holdings by $608.1M (led by JPMorgan and D.E. Shaw trimming over $500M combined). The net $932M inflow is directionally positive but heavily concentrated in one active-value manager, and the 45-day reporting lag means positions may have shifted since quarter-end.
Key Financial Metrics
Institutional Positions
Net institutional flow: $932.0M
▲ Buyers (43)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Dodge & Cox | DOUBLED | +111.2% | $2.4B | $1.2B |
| UBS | ADD | +76% | $260.8M | $105.9M |
| Victory Capital Management | DOUBLED | +373% | $132.3M | $103.0M |
| American Century Companies | DOUBLED | +438.4% | $57.3M | $46.2M |
| Boston Partners | DOUBLED | +169.1% | $57.4M | $35.1M |
▼ Sellers (69)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| JPMorgan | TRIM | -46.9% | $550.3M | -$272.4M |
| D.E. Shaw | TRIM | -54.7% | $408.5M | -$231.6M |
| Fidelity | TRIM | -40.9% | $138.5M | -$60.2M |
| Jane Street Group | NEAR_EXIT | -94.5% | $25.0M | -$23.7M |
| Johnson Investment Counsel | TRIM | -28.2% | $40.2M | -$12.6M |
Key Facts
- 43 institutional buyers added $1.54B in net new positions; 69 sellers reduced by $608.1M
- Dodge & Cox doubled its stake from $1.18B to $2.39B (+$1.21B), accounting for 79% of total buying
- JPMorgan trimmed 46.9% of its position (-$272.4M); D.E. Shaw trimmed 54.7% (-$231.6M)
- American Century, Victory Capital, and Boston Partners each more than doubled their holdings
- Jane Street Group nearly exited (-94.5% of shares)
- 13F data is ~45 days stale; current positioning may differ materially
Financial Impact
Net institutional inflow of ~$932M (buyers added $1.54B, sellers reduced $608.1M). Dodge & Cox alone added $1.21B.
Risk Factors
- 13F data is stale by 45 days; the cluster may have been partially or fully unwound
- Heavy selling by JPMorgan and D.E. Shaw signals caution from sophisticated multi-strategy firms
- Dodge & Cox's massive addition creates a large-block overhang risk if they later reduce
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-ROP-2026-Q2 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 144 | $441.65 | awaiting T+60 | — | — |
Oct 22, 2026 5d ago | 8-K | $436.23 | awaiting T+60 | — | — |
Oct 12, 2026 15d ago | Institutional Cluster | $367.32 | awaiting T+60 | — | — |
Oct 1, 2026 26d ago | 8-K | $362.59 | awaiting T+60 | — | — |
Aug 11, 2026 11w ago | Press Release | $399.50 | awaiting T+60 | — | — |
Jul 27, 2026 13w ago | Insider Cluster | $390.92 $397.56 | ▲ +1.70% | ▼ −2.65% | — |
Jul 23, 2026 13w ago | 8-K | $355.12 $382.45 | ▲ +7.70% | ▲ +3.14% | — |
Jul 1, 2026 16w ago | Press Release | $354.68 | awaiting T+60 | — | — |
May 19, 2026 23w ago | 8-K | $328.91 $397.50 | ▲ +20.85% | ▲ +14.56% | — |
May 19, 2026 23w ago | Press Release | $328.91 $397.50 | ▲ +20.85% | ▲ +14.56% | — |
US Market Status
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