The cluster is small in scale and lacks insider corroboration. Monitor next 13F for follow-through from Congress Asset Management and any larger funds joining the thesis. The semiconductor sector context and analyst consensus (16 Buy/Strong Buy) suggest positive sentiment, but this filing alone does not confirm a catalyst.
Executive Summary
Three asset managers added SITM positions in Q3 2026, led by a new $20.9M stake from Congress Asset Management, while two trimmed small holdings. The net $22.8M buying is modest relative to the $14.8B market cap, and the 45-day reporting lag limits timeliness. No insider buying corroborates the cluster, weakening conviction.
Key Financial Metrics
Institutional Positions
Net institutional flow: $22.8M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Congress Asset Management | NEW | +0% | $20.9M | $20.9M |
| Proshare Advisors | DOUBLED | +282.2% | $2.2M | $1.5M |
| Wealth Enhancement Advisory Services | ADD | +55% | $994.0K | $369.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Wasatch Advisors | TRIM | -31.2% | $6.5M | -$2.6M |
| Asset Management One Co. | TRIM | -61.7% | $45.0K | -$30.0K |
Key Facts
- 3 institutional buyers added $22.8M net in Q3 2026, with Congress Asset Management taking a new $20.9M position
- 2 sellers trimmed $2.6M, led by Wasatch Advisors reducing a $6.5M position by 31.2%
- No open-market insider buying during the quarter; insider activity limited to 1 sell of $963K in the 30 days before the snapshot
- Top holders Fidelity ($3.0B), BlackRock ($1.8B), and Vanguard ($904M) were not part of this cluster
Financial Impact
Net institutional buying of $22.8M, representing approximately 0.15% of the $14.8B market cap
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Cluster is dominated by small asset managers; no mega-passive or activist funds involved
- Insider selling (1 sell for $963K) diverges from institutional buying, reducing 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-SITM-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | Institutional Cluster | $488.08 | awaiting T+20 | awaiting T+20 | No price |
Oct 23, 2026 9d ago | 8-K | $464.70 | awaiting T+20 | awaiting T+20 | No price |
Sep 14, 2026 6w ago | Insider Cluster | $550.39 $579.66 | ▲ +5.32% | ▲ +2.60% | No price |
Sep 9, 2026 7w ago | 144 | $589.87 | awaiting T+20 | awaiting T+20 | No price |
Aug 19, 2026 10w ago | Insider Cluster | $598.81 | awaiting T+20 | awaiting T+20 | No price |
Aug 19, 2026 10w ago | Insider Cluster | $598.81 | awaiting T+20 | awaiting T+20 | No price |
Aug 19, 2026 10w ago | Insider Cluster | $598.81 | awaiting T+20 | awaiting T+20 | No price |
Aug 18, 2026 10w ago | Insider Cluster | $680.06 | awaiting T+20 | awaiting T+20 | No price |
Aug 12, 2026 11w ago | Insider Cluster | $687.93 $635.66 | ▼ −7.60% | ▼ −5.85% | No price |
Jul 1, 2026 17w ago | 8-K | $703.84 $462.16 | ▼ −34.34% | ▼ −32.15% | No price |
US Market Status
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