The buying cluster is dominated by active managers (Wellington, Ameriprise, Amundi, Neuberger Berman) suggesting a conviction thesis around ROST's value proposition and margin resilience. However, the massive Norges Bank exit and zero insider buying create a divergent signal. Monitor next earnings for margin trends and same-store sales to validate the active manager thesis. The near-parity net flow suggests the stock may trade sideways until a catalyst emerges.
Executive Summary
A strong institutional buying cluster emerged in ROST during 2026-Q1, with 53 buyers accumulating $1.38B net versus 21 sellers reducing by $1.40B. The buying is dominated by active asset managers, notably Wellington Management Group doubling its stake to $757.6M and Ameriprise Financial adding $259.8M. However, the largest seller, Norges Bank, fully exited an $868.4M position, creating a near-balance in net dollar flows. The cluster suggests a shared thesis around value in off-price retail, but the absence of insider buying and the massive sovereign exit temper conviction.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$20.0M
▲ Buyers (53)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Wellington Management Group | DOUBLED | +2211.6% | $757.6M | $730.3M |
| Ameriprise Financial | DOUBLED | +158% | $383.3M | $259.8M |
| Amundi | ADD | +30.1% | $402.0M | $145.1M |
| National Bank Of Canada | ADD | +99.9% | $164.6M | $96.1M |
| Neuberger Berman Group | ADD | +57.6% | $80.8M | $38.2M |
▼ Sellers (21)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Norges Bank | EXIT | -100% | $868.4M | -$868.4M |
| Massachusetts Financial Services | TRIM | -39.7% | $538.5M | -$137.6M |
| Bank Of Montreal /Can | TRIM | -53.5% | $261.5M | -$115.2M |
| Toronto Dominion Bank | NEAR_EXIT | -77.5% | $113.6M | -$82.9M |
| Adage Capital Partners Gp | TRIM | -59.3% | $128.4M | -$65.6M |
Key Facts
- 53 institutional buyers vs 21 sellers in 2026-Q1
- Net buying value: $1.38B; net selling value: $1.40B (near parity)
- Wellington Management Group doubled stake to $757.6M (+$730.3M)
- Ameriprise Financial doubled to $383.3M (+$259.8M)
- Norges Bank fully exited $868.4M position (largest single move)
- No open-market insider buying during the quarter (confluence score 25/100, divergent)
- 77% of analysts rate the stock Buy or Strong Buy
Financial Impact
53 institutions accumulated $1.96B in current holdings (net change +$1.38B) while 21 institutions reduced holdings by $1.40B. Net institutional flow was approximately flat (-$20M).
Risk Factors
- Norges Bank's full exit of $868.4M may signal a fundamental concern not shared by active managers
- Zero insider buying weakens conviction in the institutional cluster signal
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Net institutional flow is essentially flat despite the large buyer count
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-ROST-2026-Q1 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | Insider Cluster | $226.26 $232.51 | ▲ +2.76% | ▲ +0.64% | — |
Aug 20, 2026 6w ago | Press Release | $239.04 $228.55 | ▼ −4.39% | ▼ −4.86% | — |
Aug 19, 2026 6w ago | Press Release | $228.99 $229.87 | ▲ +0.38% | ▼ −0.73% | — |
Jul 30, 2026 9w ago | Court Ruling | $252.57 $254.31 | ▲ +0.69% | ▼ −2.93% | — |
Jul 17, 2026 11w ago | Court Ruling | $233.46 $232.39 | ▼ −0.46% | ▲ +0.23% | — |
Jun 21, 2026 14w ago | Institutional Cluster | $236.97 $213.26 | ▼ −10.01% | ▼ −7.94% | — |
May 21, 2026 19w ago | 8-K | $234.85 $223.92 | ▼ −4.65% | ▼ −6.31% | — |
Mar 24, 2026 27w ago | Insider Cluster | $215.25 $216.54 | ▼ −0.60% | ▼ −1.02% | — |
Mar 24, 2026 27w ago | Insider Cluster | $215.25 $216.54 | ▼ −0.60% | ▼ −1.02% | — |
Mar 24, 2026 27w ago | Insider Cluster | $215.25 $216.54 | ▲ +0.60% | ▲ +1.02% | — |
US Market Status
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