The cluster is dominated by active asset managers doubling down after a strong earnings beat, but the 13F data is 45+ days stale. Monitor Q4 2026 earnings (guided $7.40-$7.60 EPS) and any insider buying to confirm the thesis remains intact.
Executive Summary
Five institutional investors, led by Robeco Institutional Asset Management, more than doubled their positions in Reliance, Inc. during Q3 2026, adding a net $77.5M, while two sellers trimmed $4.6M. The cluster follows a strong Q3 earnings beat on record sales and raised guidance, suggesting active managers are reacting to the company's improved fundamentals.
Key Financial Metrics
Institutional Positions
Net institutional flow: $77.5M
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Robeco Institutional Asset Management B.v. | DOUBLED | +124.6% | $120.2M | $68.2M |
| Assenagon Asset Management | DOUBLED | +146.6% | $8.3M | $5.0M |
| Abn Amro Investment Solutions | DOUBLED | +194.7% | $3.2M | $2.2M |
| Truist Financial | ADD | +56.7% | $2.9M | $1.1M |
| Exchange Traded Concepts | DOUBLED | +181.2% | $1.5M | $1.0M |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Td Waterhouse Canada | TRIM | -69.4% | $6.3M | -$4.3M |
| Fjarde Ap-Fonden /Fourth Swedish National | TRIM | -29% | $1.3M | -$352.0K |
Key Facts
- 5 institutional buyers added $77.5M net; 2 sellers trimmed $4.6M
- Robeco Institutional Asset Management more than doubled its position, adding $68.2M to reach $120.2M
- Assenagon Asset Management, Exchange Traded Concepts, Truist Financial, and Abn Amro Investment Solutions also doubled or added
- Q3 2026 non-GAAP EPS of $8.02 beat guidance ($6.40-$6.60) and consensus ($6.62) on record sales of $5.21B (up 42.8% YoY)
- Q4 2026 guidance raised to $7.40-$7.60 EPS, up over 200% YoY
- No open-market insider buying; insider selling of $3.6M in prior 30 days
Financial Impact
Net institutional buying of $77.5M from 5 buyers, with Robeco alone adding $68.2M; sellers reduced by $4.6M
Risk Factors
- 13F data is as of quarter-end, positions may have been unwound since
- No insider buying corroborates the institutional cluster; insider selling of $3.6M in prior 30 days is a caution
- The strong Q3 beat included a one-time $0.74 EPS contribution from the U.S. border wall contract
Market Snapshot
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-RS-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | Institutional Cluster | $433.36 | awaiting T+20 | awaiting T+20 | No price |
Oct 27, 2026 5d ago | 144 | $437.18 | awaiting T+20 | awaiting T+20 | No price |
Oct 21, 2026 11d ago | 8-K | $417.92 | awaiting T+20 | awaiting T+20 | No price |
Sep 24, 2026 5w ago | GOVT-CONTRACT | $387.28 $415.62 | ▲ +7.32% | ▲ +8.79% | No price |
Aug 4, 2026 12w ago | Insider Cluster | $414.91 $390.11 | ▲ +5.98% | ▲ +4.74% | No price |
Jun 23, 2026 18w ago | Institutional Cluster | $398.63 $383.17 | ▼ −3.88% | ▼ −5.04% | No price |
Apr 22, 2026 27w ago | 8-K | No price | awaiting T+20 | awaiting T+20 | No price |
Apr 22, 2026 27w ago | Press Release | $341.22 $362.26 | ▲ +6.17% | ▲ +1.53% | No price |
Apr 8, 2026 29w ago | Press Release | $318.97 $372.04 | ▲ +16.64% | ▲ +8.09% | No price |
Mar 10, 2026 33w ago | Press Release | $298.54 $318.97 | ▲ +6.84% | ▲ +7.00% | No price |
US Market Status
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