The Q2 cluster shows strong institutional accumulation, but the 45-day reporting lag means these positions may already be adjusted. Watch for Q3 13F filings to see if the buying persisted, and monitor upcoming clinical data readouts for RVMD's pipeline as the likely catalyst for this conviction.
Executive Summary
A massive institutional cluster formed in Revolution Medicines (RVMD) during Q2 2026, with 92 buyers accumulating $3.03B in net new positions versus 42 sellers reducing by $128.5M. The buying is dominated by mega-passive funds (Fidelity, JPMorgan, BofA) and a major new $750.7M stake from Capital World Investors, while notable quant sellers D.E. Shaw and American Century nearly exited. The overwhelming net inflow suggests broad conviction in RVMD's pipeline prospects, though the 45-day reporting lag and heavy passive participation temper the signal.
Key Financial Metrics
Institutional Positions
Net institutional flow: $3.0B
▲ Buyers (92)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Capital World Investors | NEW | +0% | $750.7M | $750.7M |
| Fidelity | ADD | +44.1% | $2.3B | $1.5B |
| JPMorgan | DOUBLED | +994.3% | $636.9M | $609.0M |
| BofA | ADD | +60.2% | $184.3M | $124.5M |
| Susquehanna International Group | DOUBLED | +343.7% | $42.7M | $37.7M |
| Point72 | NEW | +0% | $11.3M | $11.3M |
| Wells Fargo | DOUBLED | +422.1% | $33.5M | $30.2M |
▼ Sellers (42)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| D.E. Shaw | NEAR_EXIT | -98.8% | $99.4M | -$97.1M |
| American Century Companies | NEAR_EXIT | -98.5% | $32.6M | -$31.7M |
| T. Rowe Price | TRIM | -26% | $314.0K | $133.0K |
| Millennium | TRIM | -42.7% | $36.7M | $3.8M |
| Jane Street Group | TRIM | -59.2% | $3.3M | -$699.0K |
Key Facts
- 92 institutional buyers added $3.03B in net new RVMD positions during Q2 2026
- 42 institutional sellers reduced holdings by $128.5M, a net buyer-to-seller ratio of 2.2:1
- Capital World Investors initiated a new $750.7M position (4.01M shares)
- Fidelity added $1.46B, growing its stake 44.1% to $2.28B
- JPMorgan doubled its position by 994.3%, adding $609.0M to reach $636.9M
- D.E. Shaw nearly exited (-98.8%), selling $97.1M of its $99.4M position
- American Century nearly exited (-98.5%), selling $31.7M of its $32.6M position
- Point72 initiated a new $11.3M position
- Susquehanna doubled its position, adding $37.7M to reach $42.7M
Financial Impact
Net institutional inflow of approximately $2.9B during Q2 2026, with $3.03B in buying vs $128.5M in selling
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Heavy passive fund participation (Fidelity, JPMorgan, BofA) may reflect index rebalancing rather than active conviction
- Notable quant sellers (D.E. Shaw, Millennium) exited or trimmed, suggesting some smart money took profits or lost conviction
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-RVMD-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | Institutional Cluster | $186.99 | awaiting T+60 | — | — |
Oct 21, 2026 6d ago | Press Release | $187.69 | awaiting T+60 | — | — |
Oct 13, 2026 14d ago | 8-K | $193.52 | awaiting T+60 | — | — |
Oct 12, 2026 15d ago | Institutional Cluster | $193.95 | awaiting T+60 | — | — |
Oct 1, 2026 26d ago | Insider Cluster | $206.64 | awaiting T+60 | — | — |
Sep 29, 2026 28d ago | Insider Cluster | $205.26 | awaiting T+60 | — | — |
Sep 28, 2026 29d ago | Insider Cluster | $204.48 | awaiting T+60 | — | — |
Sep 24, 2026 4w ago | Insider Cluster | $204.97 | awaiting T+60 | — | — |
Sep 22, 2026 5w ago | Insider Cluster | $190.74 | awaiting T+60 | — | — |
Sep 18, 2026 5w ago | Insider Cluster | $192.76 | awaiting T+60 | — | — |
US Market Status
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