The cluster signals strong institutional conviction in TALK's growth story, but the 45-day 13F lag means positions may have been adjusted. Watch for insider buying or upcoming earnings to confirm the thesis. Given historical underperformance of high-score calls on TALK, monitor price action for potential pullback.
Executive Summary
Institutional 13F cluster for Talkspace (TALK) shows net accumulation of ~$88M in Q1 2026, driven by three new high-conviction positions from Balyasny ($45.9M), Fil ($34.6M), and Soros ($14.3M). Two large exits by Royce ($11M) and First Eagle ($4.6M) partly offset buying.
Key Financial Metrics
Institutional Positions
Net institutional flow: $88.0M
▲ Buyers (12)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Balyasny Asset Management | NEW | +100% | $45.9M | $45.9M |
| Fil | NEW | +100% | $34.6M | $34.6M |
| Soros Fund Management | NEW | +100% | $14.3M | $14.3M |
| Arrowstreet Capital | ADD | +38.8% | $15.8M | $7.8M |
▼ Sellers (9)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Royce & Associates | EXIT | -100% | $11.0M | -$11.0M |
| First Eagle Investment Management | TRIM | -69.8% | $8.0M | -$4.6M |
| Ameriprise Financial | NEAR_EXIT | -94.9% | $884.0K | -$820.0K |
Key Facts
- 12 institutional buyers added $105.3M in new holdings vs 9 sellers reducing by $17.3M
- Balyasny Asset Management opened a new $45.9M position (8.87M shares)
- Fil (Fidelity) opened a new $34.6M position (6.68M shares)
- Soros Fund Management opened a $14.3M position (2.77M shares)
- Royce & Associates fully exited an $11.0M position (3.04M shares)
- First Eagle Investment Management trimmed 69.8% of its $8.0M position
Financial Impact
Net institutional inflow of approximately $88M, representing ~10% of market cap
Risk Factors
- 13F disclosure lag: positions are as of March 31, 2026 and may have been unwound
- Recent insider selling ($208K over 30 days) conflicts with institutional buying
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-TALK-2026-Q1 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 17, 2026 10w ago | 8-K | $5.25 | awaiting T+60 | — | — |
Aug 17, 2026 10w ago | 25-NSE | $5.25 | awaiting T+60 | — | — |
Jun 25, 2026 17w ago | Institutional Cluster | $5.19 | awaiting T+60 | — | — |
Jun 22, 2026 18w ago | 25-NSE | $5.21 | awaiting T+60 | — | — |
May 29, 2026 21w ago | Press Release | $5.20 | awaiting T+60 | — | — |
Mar 9, 2026 33w ago | DEFA14A | $5.19 $5.21 | ▲ +0.39% | ▼ −11.30% | — |
Mar 9, 2026 33w ago | DEFA14A | $5.19 $5.21 | ▲ +0.39% | ▼ −11.30% | — |
Mar 9, 2026 33w ago | DEFA14A | $5.12 $5.22 | ▲ +1.95% | ▼ −10.03% | — |
US Market Status
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