The mixed cluster with quant doubling suggests some conviction, but the small net dollar amount and passive trimming limit the signal. Monitor for a catalyst (e.g., earnings or strategic update) that could explain the quant activity. The 13F lag means positions may have already been adjusted.
Executive Summary
Institutional activity in TDAY for Q3 2025 shows a mixed cluster: three buyers (Schwab, Citadel, Two Sigma) added $5.2M in holdings, while three sellers (Morgan Stanley, UBS AM, BofA) trimmed $1.5M. The net buying is modest at ~$3.7M, representing ~0.3% of market cap. Quant funds Citadel and Two Sigma doubled their positions, suggesting a potential catalyst, but passive rebalancing dominates both sides, weakening the signal.
Key Financial Metrics
Institutional Positions
Net institutional flow: $3.7M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Schwab | ADD | +25.4% | $10.7M | $3.3M |
| Citadel | DOUBLED | +164.6% | $623.0K | $419.0K |
| Two Sigma | DOUBLED | +111.1% | $2.6M | $1.5M |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Morgan Stanley | TRIM | -27.5% | $4.4M | -$726.2K |
| Ubs Am, A Distinct Business Un | TRIM | -35.8% | $1.4M | -$375.9K |
| BofA | TRIM | -30% | $1.9M | -$364.4K |
Key Facts
- 3 buyers added $5.2M in holdings; 3 sellers reduced by $1.5M
- Citadel (quant) doubled position from $204K to $623K (+164.6%)
- Two Sigma (quant) doubled position from $1.1M to $2.6M (+111.1%)
- Schwab (mega-passive) added $3.3M (+25.4%)
- Morgan Stanley, UBS AM, and BofA each trimmed 27-36% of their positions
- Net buying of ~$3.7M represents ~0.3% of TDAY's $1.2B market cap
Financial Impact
Institutional cluster shows net buying of $3.7M (buyers added $5.2M, sellers reduced $1.5M) across 6 funds. Total current holdings of buyers: $13.9M.
Risk Factors
- 13F data is 45+ days old; current positions may differ
- Passive rebalancing (Schwab, Morgan Stanley, BofA) may not reflect active conviction
- Net buying is small relative to market cap, limiting price impact
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-TDAY-2025-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 5w ago | 8-K | $6.58 $7.21 | ▲ +9.57% | ▲ +6.60% | — |
Aug 6, 2026 11w ago | 8-K | $8.00 $6.47 | ▲ +19.13% | ▲ +19.72% | — |
Jun 12, 2026 19w ago | Institutional Cluster | $7.74 $8.51 | ▲ +9.95% | ▲ +8.17% | — |
Jun 11, 2026 19w ago | Institutional Cluster | $7.67 $8.44 | ▲ +10.04% | ▲ +8.15% | — |
May 12, 2026 23w ago | 8-K | $7.32 $7.92 | ▲ +8.20% | ▲ +9.92% | — |
Apr 17, 2026 27w ago | DEFA14A | $7.31 $7.27 | ▼ −0.55% | ▼ −5.92% | — |
Feb 28, 2026 34w ago | Institutional Cluster | $5.94 $6.80 | ▲ +14.48% | ▲ +22.42% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers