The cluster is small in dollar terms and entirely from asset managers (not hedge funds or activists). The 45-day reporting lag means positions may have changed. Monitor next 13F for continuation or reversal of this accumulation.
Executive Summary
Three asset managers (Truist Financial, Concurrent Investment Advisors, Assetmark) increased their positions in RPG during 2026-Q3, with two doubling their holdings. The aggregate net buying was $1.4M, bringing total disclosed institutional holdings to $5.6M. No insider buying corroborates the institutional signal.
Key Financial Metrics
Institutional Positions
Net institutional flow: $1.4M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Truist Financial | ADD | +30.4% | $4.4M | $715.0K |
| Concurrent Investment Advisors | DOUBLED | +137% | $760.0K | $409.0K |
| Assetmark | DOUBLED | +299.8% | $438.0K | $318.0K |
Key Facts
- 3 institutional buyers, 0 sellers in 2026-Q3
- Net aggregate increase of $1.4M to $5.6M total holdings
- Truist Financial added 30.4% ($715K increase)
- Concurrent Investment Advisors doubled position (+137%, $409K increase)
- Assetmark nearly quadrupled position (+299.8%, $318K increase)
- No insider buying in the window (confluence score 19/100)
Financial Impact
Three asset managers accumulated $1.4M net in RPG during Q3 2026; total disclosed institutional holdings rose to $5.6M.
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Dollar amounts are small relative to typical institutional moves
- No insider buying to corroborate the thesis
- Asset managers may be rebalancing rather than expressing a strong conviction
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-RPG-2026-Q3 |
US Market Status
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