The heavy selling by quant (Citadel) and fundamental funds (Canada Pension, Invesco) suggests a loss of conviction among sophisticated investors, while Baillie Gifford's continued accumulation signals long-term thesis belief. Monitor next earnings for revenue growth trajectory and margin improvement — the institutional divergence likely reflects uncertainty around Symbotic's path to profitability and commercial scaling.
Executive Summary
A mixed institutional cluster in SYM for Q3 2024 shows 9 buyers accumulating $393.8M in holdings (net -$7.5M) and 9 sellers reducing by $95.7M. Notable buying by Baillie Gifford (+3.41M shares) and Norges Bank (new $18.3M position) is offset by heavy selling from Citadel (-$34.1M), Canada Pension Plan (-$25.3M), and Invesco (-$20.7M). The divergence suggests institutional disagreement on the stock's trajectory, with active managers split and quant/fundamental funds exiting.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$103.2M
▲ Buyers (9)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Baillie Gifford & | ADD | +32% | $343.2M | -$31.6M |
| Norges Bank | NEW | — | $18.3M | $18.3M |
| First Trust Advisors | ADD | +86.6% | $14.9M | $3.4M |
| Legal & General Group | ADD | +69.4% | $15.0M | $2.2M |
▼ Sellers (9)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Citadel | NEAR_EXIT | -90% | $36.6M | -$34.1M |
| Canada Pension Plan Investment | NEAR_EXIT | -89.6% | $27.3M | -$25.3M |
| Invesco | TRIM | -41.7% | $34.8M | -$20.7M |
| Adage Capital Partners Gp | TRIM | -30.6% | $21.0M | -$10.9M |
Key Facts
- 9 buyers with aggregate holdings of $393.8M, net change of -$7.5M
- 9 sellers with aggregate net change of -$95.7M
- Largest buyer: Baillie Gifford added 3.41M shares (32% increase), now holds 14.07M shares valued at $343.2M
- Largest seller: Citadel reduced by 90% (937K shares), exiting $34.1M position
- Canada Pension Plan cut 89.6% (695K shares), exiting $25.3M
- Norges Bank initiated a new $18.3M position (750K shares)
- Invesco trimmed 41.7% (412K shares), reducing by $20.7M
- First Trust Advisors added 283.9K shares (86.6% increase), now $14.9M
- Legal & General added 251.2K shares (69.4% increase), now $15.0M
Financial Impact
Total buying value of $393.8M vs total selling value of $95.7M, but net institutional flow was negative at -$103.2M when including both sides. The cluster represents significant institutional repositioning with $103.2M in net outflows.
Risk Factors
- Heavy selling by Citadel and Canada Pension Plan may indicate fundamental concerns not yet public
- Baillie Gifford's large position ($343M) creates concentration risk if they reverse
- Net institutional outflow of $103M suggests negative sentiment among active managers
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-SYM-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 144 | $38.34 | awaiting T+20 | — | — |
Oct 27, 2026 today | 144 | $38.98 | awaiting T+20 | — | — |
Oct 27, 2026 today | 144 | $39.08 | awaiting T+20 | — | — |
Oct 27, 2026 today | 144 | $39.30 | awaiting T+20 | — | — |
Oct 27, 2026 today | 144 | $38.98 | awaiting T+20 | — | — |
Oct 27, 2026 today | 144 | $38.98 | awaiting T+20 | — | — |
Oct 26, 2026 1d ago | 144 | $38.01 | awaiting T+20 | — | — |
Oct 26, 2026 1d ago | 144 | $38.01 | awaiting T+20 | — | — |
Oct 26, 2026 1d ago | 144 | $38.01 | awaiting T+20 | — | — |
Oct 26, 2026 1d ago | 144 | $38.05 | awaiting T+20 | — | — |
US Market Status
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