The cluster is too small in dollar terms to signal a material institutional thesis shift. Monitor next 10-Q for larger institutional moves and any insider buying/selling patterns to corroborate the post-earnings momentum.
Executive Summary
A small institutional cluster in TD SYNNEX (SNX) shows mixed conviction during Q3 2026, with 4 asset managers adding $6.3M in net new positions while 2 trimmed $697K. The buying follows a record Q3 earnings report (revenue +37.7% YoY, non-GAAP EPS +58.7%) and above-consensus Q4 guidance, but the cluster's small absolute dollar amounts ($17.2M total current holdings) and 45-day reporting lag limit the signal's reliability.
Key Financial Metrics
Institutional Positions
Net institutional flow: $5.6M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Fort Washington Investment Advisors | ADD | +34.6% | $311.0K | $70.0K |
| Pensiondanmark Pensionsforsikringsaktieselskab | DOUBLED | +219.2% | $1.5M | $985.0K |
| Robeco Institutional Asset Management B.v. | ADD | +57.8% | $15.0M | $5.1M |
| Assetmark | ADD | +39.8% | $478.0K | $122.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Farther Finance Advisors | TRIM | -52.5% | $818.0K | -$445.0K |
| Wasatch Advisors | TRIM | -41.9% | $572.0K | -$252.0K |
Key Facts
- 4 institutional buyers added $6.3M in net new positions; 2 sellers trimmed $697K
- Robeco Institutional Asset Management was the largest buyer, adding $5.1M (57.8% increase to $15.0M)
- Pensiondanmark doubled its position (+219.2%, adding $985K to $1.5M)
- Farther Finance Advisors trimmed 52.5% ($445K exit) and Wasatch Advisors trimmed 41.9% ($252K exit)
- All participants are asset managers — no activist, quant, or passive/index funds in the cluster
- Cluster data reflects quarter-end positions (Aug 31, 2026) and is at least 45 days stale
- TD SYNNEX reported record Q3 FY2026 revenue of $21.6B (+37.7% YoY) and non-GAAP diluted EPS of $5.68 (+58.7% YoY) on Sep 24, 2026
Financial Impact
4 institutions accumulated $6.3M in net new positions while 2 reduced holdings by $697K — total tracked institutional holdings of $17.2M represent a negligible fraction of SNX's ~$20B market cap
Risk Factors
- 13F data is 45+ days stale — positions may have been unwound since quarter-end
- All participants are asset managers with no activist or quant presence, reducing signal conviction
- Total tracked holdings ($17.2M) are immaterial relative to SNX's market cap — cluster may be noise
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-SNX-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $254.24 | awaiting T+5 | — | — |
Oct 22, 2026 5d ago | 144 | $247.34 | awaiting T+5 | — | — |
Oct 22, 2026 6d ago | Insider Cluster | $247.34 | awaiting T+5 | — | — |
Oct 21, 2026 6d ago | Insider Cluster | $247.08 | awaiting T+5 | — | — |
Oct 21, 2026 6d ago | Institutional Cluster | $247.08 | awaiting T+5 | — | — |
Sep 24, 2026 4w ago | 8-K | $259.47 $271.76 | ▲ +4.74% | ▲ +5.15% | — |
Aug 6, 2026 11w ago | Insider Cluster | $252.42 $258.74 | ▲ +2.50% | ▲ +2.11% | — |
Jul 7, 2026 16w ago | Insider Cluster | $245.42 $250.08 | ▲ +1.90% | ▲ +0.64% | — |
Jul 7, 2026 16w ago | Court Ruling | $245.42 $250.08 | ▲ +1.90% | ▲ +0.64% | — |
Jun 29, 2026 17w ago | 8-K | $270.05 $238.92 | ▼ −11.53% | ▼ −12.91% | — |
US Market Status
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