The cluster reveals split conviction: active buying from several asset managers (Ameriprise, Prudential) alongside significant trimming by MFS and near-exit by Norges Bank. Watch for upcoming earnings or sector catalysts to resolve the divergence. The 45-day 13F lag means current positioning may differ.
Executive Summary
Institutional cluster for SNDR (Schneider National) shows mixed conviction in Q3 2024: 6 buyers added $21.2M in new positions while 3 sellers reduced holdings by $13.2M. Active manager Invesco (passive) and Ameriprise led buying, but Massachusetts Financial Services trimmed $7.9M (35.9% reduction) and Norges Bank neared exit, creating divergence.
Key Financial Metrics
Institutional Positions
Net institutional flow: $21.2M
▲ Buyers (6)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Invesco | ADD | +98.1% | $17.0M | $9.7M |
| Ameriprise Financial | ADD | +26% | $22.9M | $7.5M |
| Legal & General Group | DOUBLED | +148.8% | $3.8M | $2.5M |
| Prudential Financial | DOUBLED | +180.1% | $1.6M | $1.1M |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Massachusetts Financial Servic | TRIM | -35.9% | $32.6M | -$7.9M |
| Norges Bank | NEAR_EXIT | -82.2% | $5.2M | -$4.1M |
| Allianz Asset Management | TRIM | -30.1% | $6.6M | -$1.2M |
Key Facts
- 6 institutional buyers (net +$21.2M) vs 3 sellers (net -$13.2M)
- Largest buyer: Invesco (passive) added $9.7M (+98.1% shares)
- Largest seller: Massachusetts Financial Services trimmed $7.9M (35.9% reduction from $32.6M to $24.7M)
- Norges Bank near-exit: reduced 82.2% of stake from $5.2M to $1.1M
- Ameriprise, Prudential, Legal & General doubled or added meaningfully
Financial Impact
Net institutional buying of ~$8.0M (buyers +$21.2M, sellers -$13.2M); top buyer added $9.7M, top seller trimmed $7.9M
Risk Factors
- Data reflects Q3 2024 quarter-end positions—current holdings may have changed
- MFS trim and Norges exit signal potential fundamental concerns
- Invesco buying is passive/index-driven, not active 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-SNDR-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 16d ago | 8-K | $32.75 $32.33 | ▼ −1.28% | ▼ −4.12% | — |
Jul 29, 2026 9w ago | 8-K | $35.26 $36.53 | ▲ +3.60% | ▼ −1.93% | — |
Jun 12, 2026 16w ago | Insider Cluster | $38.44 $35.68 | ▼ −7.18% | ▼ −7.85% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $38.44 $35.68 | ▼ −7.18% | ▼ −7.85% | — |
Jun 10, 2026 16w ago | 144 | $38.11 $35.34 | ▼ −7.27% | ▼ −7.70% | — |
May 27, 2026 18w ago | 144 | $35.45 $37.10 | ▲ +4.65% | ▲ +4.34% | — |
May 1, 2026 22w ago | 8-K | $31.47 $30.65 | ▼ −2.61% | ▼ −4.95% | — |
Mar 17, 2026 28w ago | DEFA14A | $24.06 $25.27 | ▲ +5.03% | ▲ +7.68% | — |
US Market Status
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