The cluster is small and mixed, with no strong directional signal. Monitor next 13F filing for any larger fund accumulation or insider buying to confirm a thesis change.
Executive Summary
Three small asset managers increased RRX positions by $1.2M (net) in Q3 2026, while two trimmed $1.4M, resulting in a mixed institutional cluster. The activity is modest in scale, with no insider buying corroboration, and the 45-day reporting lag limits current relevance.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$200.0K
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Wealth Enhancement Advisory Services | DOUBLED | +193.4% | $1.8M | $824.0K |
| Hb Wealth Management | DOUBLED | +258.3% | $642.0K | $365.0K |
| Truist Financial | ADD | +52% | $305.0K | -$3.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Nisa Investment Advisors | TRIM | -39.4% | $2.3M | -$1.4M |
| Assetmark | TRIM | -52.1% | $35.0K | -$24.0K |
Key Facts
- 3 buyers added $1.2M in net value; 2 sellers reduced $1.4M in net value
- Largest buyer: Wealth Enhancement Advisory Services doubled to $1.8M
- Largest seller: Nisa Investment Advisors trimmed 39.4% to $894K
- Confluence score 3/100 (divergent); no open-market insider buying
- All participants are asset managers; no activist or quant funds involved
Financial Impact
Net institutional activity of -$0.2M (buyers $1.2M vs sellers $1.4M), representing less than 0.01% of RRX's $10.7B market cap
Risk Factors
- 13F data is 45+ days stale; positions may have been reversed
- All participants are small asset managers; signal weight is low
- No insider buying corroboration weakens conviction
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-RRX-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | Institutional Cluster | $154.46 | awaiting T+60 | awaiting T+60 | No price |
Oct 21, 2026 11d ago | Press Release | $148.71 | awaiting T+60 | awaiting T+60 | No price |
Oct 5, 2026 27d ago | Press Release | $166.36 | awaiting T+60 | awaiting T+60 | No price |
Sep 18, 2026 6w ago | Court Ruling | $150.73 | awaiting T+60 | awaiting T+60 | No price |
Aug 5, 2026 12w ago | 8-K | No price | awaiting T+60 | awaiting T+60 | No price |
Aug 5, 2026 12w ago | Press Release | $183.24 $163.62 | ▼ −10.71% | ▼ −10.65% | No price |
Jul 28, 2026 13w ago | Institutional Cluster | $202.93 $158.78 | ▼ −21.76% | ▼ −26.11% | No price |
Jul 23, 2026 14w ago | Court Ruling | $214.03 $156.13 | ▼ −27.05% | ▼ −31.61% | No price |
Jul 21, 2026 14w ago | Press Release | $214.79 $156.13 | ▼ −27.31% | ▼ −30.57% | No price |
Jul 10, 2026 16w ago | Press Release | $214.90 $161.26 | ▼ −24.96% | ▼ −27.59% | No price |
US Market Status
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