The divergence between Davenport's aggressive accumulation and Vontobel/Robeco's significant trimming suggests no consensus thesis. Monitor upcoming earnings for fundamental catalysts that could resolve the disagreement.
Executive Summary
Institutional activity in SNPS during Q3 2026 was mixed: Davenport & Co. roughly doubled its stake to $106.6M, while Vontobel and Robeco each trimmed by over 40%, collectively selling $225.4M. The net directional signal is ambiguous, with one large buyer offset by two larger sellers.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$124.5M
▲ Buyers (2)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Davenport & Co | DOUBLED | +2362.6% | $106.6M | $102.1M |
| Banque Pictet & Cie | ADD | +33.9% | $732.0K | $171.0K |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Vontobel Holding | TRIM | -40.9% | $309.4M | -$131.2M |
| Robeco Institutional Asset Management B.v. | TRIM | -43.5% | $209.8M | -$94.2M |
| Assetmark | TRIM | -61.6% | $2.3M | -$1.4M |
Key Facts
- 2 buyers added $102.3M in new value; 3 sellers reduced by $226.8M
- Davenport & Co. increased its stake 23.6x to $106.6M (DOUBLED)
- Vontobel Holding trimmed 40.9% of its position, selling $131.2M
- Robeco trimmed 43.5%, selling $94.2M
- Assetmark trimmed 61.6%, selling $1.4M
- All five institutions are asset managers (no activist or passive index funds)
Financial Impact
Net institutional selling of $124.5M (buyers added $102.3M, sellers removed $226.8M) in Q3 2026
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Net selling outweighs net buying by 2.2x, indicating institutional caution
- No insider buying corroboration provided to strengthen the buyer-side signal
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-SNPS-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | Institutional Cluster | $422.48 | awaiting T+5 | awaiting T+5 | No price |
Oct 6, 2026 21d ago | 144 | $502.67 $479.93 | ▼ −4.52% | ▼ −3.54% | No price |
Oct 6, 2026 21d ago | 144 | $502.67 $479.93 | ▼ −4.52% | ▼ −3.54% | No price |
Oct 5, 2026 22d ago | 8-K | $488.47 $502.51 | ▲ +2.87% | ▲ +2.45% | No price |
Sep 25, 2026 4w ago | ANALYST-UPGRADE | No price | awaiting T+5 | awaiting T+5 | No price |
Sep 10, 2026 6w ago | ANALYST-UPGRADE | $397.17 $381.17 | ▼ −4.03% | ▼ −3.53% | No price |
Sep 8, 2026 7w ago | ANALYST-UPGRADE | $392.03 $367.70 | ▼ −6.21% | ▼ −5.09% | No price |
Aug 27, 2026 8w ago | ANALYST-UPGRADE | $464.89 $414.77 | ▼ −10.78% | ▼ −11.05% | No price |
Jul 16, 2026 14w ago | ANALYST-UPGRADE | $417.03 $373.52 | ▼ −10.43% | ▼ −8.76% | No price |
Jun 23, 2026 18w ago | ANALYST-UPGRADE | No price | awaiting T+5 | awaiting T+5 | No price |
US Market Status
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