The cluster shows divergence among active asset managers post-earnings miss. Monitor next quarter's 13F for whether the buying managers maintain or exit positions, and watch for any insider buying to corroborate the bullish thesis.
How the stock moved after the report
NEUTRAL VIEWSTOCK ABOVE ENTRY AT T+1- T+0 · Nov 3 $310.55entry
- T+1 · 12h ago +9.37%α +7.72% · $339.65
- T+5 · in 5d Pending
- T+20 · in 27d Pending
- T+60 · in 3mo Pending
How similar events traded
Executive Summary
In Q3 2026, four institutional asset managers added to Stryker positions (net +$259.9M) while four trimmed (net -$80.0M), resulting in a mixed cluster. The buying occurred despite Stryker's Q3 earnings miss and lowered full-year guidance reported five days earlier, suggesting some managers saw value in the pullback, while sellers likely reacted to the deteriorating fundamentals.
Key Financial Metrics
Institutional Positions
Net institutional flow: $179.9M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Flossbach Von Storch Se | ADD | +64.5% | $668.2M | $203.7M |
| Fort Washington Investment Advisors | DOUBLED | +111.2% | $101.2M | $46.4M |
▼ Sellers (4)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Robeco Institutional Asset Management B.v. | TRIM | -32.3% | $100.3M | -$40.9M |
| Calamos Advisors | TRIM | -39.8% | $35.3M | -$16.7M |
Key Facts
- 4 buyers added $259.9M in net new value; 4 sellers reduced by $80.0M
- Largest buyer: Flossbach Von Storch Se added $203.7M (+64.5% shares)
- Largest seller: Robeco Institutional Asset Management trimmed $40.9M (-32.3% shares)
- Stryker reported Q3 2026 adjusted EPS of $3.52 (missed $3.55 consensus) and revenue of $6.52B (missed $6.62B consensus)
- Full-year 2026 guidance lowered: organic net sales growth to 6.5%-7.0% from 8.0%-9.5%; adjusted EPS to $14.80-$14.90 from $14.90-$15.10
- No open-market insider buying; insider trading score 17/100 (divergent)
Financial Impact
4 institutions accumulated $819.9M in current holdings (net change +$259.9M) while 4 reduced holdings by $80.0M
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- No insider buying to support the accumulation signal
- Lowered guidance suggests ongoing operational headwinds
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-SYK-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 4, 2026 today | S-3ASR | $327.94 | awaiting T+5 | awaiting T+5 | No price |
Nov 3, 2026 1d ago | Institutional Cluster | $310.55 | awaiting T+5 | awaiting T+5 | No price |
Oct 29, 2026 6d ago | 8-K | No price | awaiting T+5 | awaiting T+5 | No price |
Oct 29, 2026 6d ago | Press Release | $291.86 | awaiting T+5 | awaiting T+5 | No price |
Oct 26, 2026 9d ago | Press Release | $306.13 $291.86 | ▼ −4.66% | ▼ −3.40% | No price |
Oct 20, 2026 16d ago | PTAB Trial | $297.60 $301.42 | ▼ −1.28% | ▼ −1.73% | No price |
Oct 7, 2026 28d ago | ANALYST-UPGRADE | $275.25 $282.55 | ▲ +2.65% | ▲ +2.55% | No price |
Oct 6, 2026 29d ago | 8-K | $278.20 $282.55 | ▲ +1.56% | ▲ +1.70% | No price |
Oct 6, 2026 29d ago | Press Release | $278.20 $282.55 | ▲ +1.56% | ▲ +1.70% | No price |
Oct 1, 2026 4w ago | Press Release | $272.96 | awaiting T+5 | awaiting T+5 | No price |
US Market Status
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