The concentrated buying by active managers (Marshall Wace, Tudor, Arrowstreet, Lazard) and quant fund Citadel suggests a catalyst-driven thesis. The near-exit by Verition is a minor contrarian note but does not outweigh the broad buying.
Executive Summary
A strong institutional cluster formed in TDAY during Q3 2024, with 12 buyers accumulating $14.1M in net new positions versus just 1 seller trimming $741K. The buying is dominated by active asset managers (Marshall Wace, Tudor, Arrowstreet, Lazard) and a quant fund (Citadel), suggesting a shared thesis around the company's fundamentals or a catalyst. The lone seller (Verition) nearly exited, adding to the bullish signal.
Key Financial Metrics
Institutional Positions
Net institutional flow: $14.1M
▲ Buyers (12)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Marshall Wace | DOUBLED | +414.5% | $6.4M | $5.4M |
| Invesco | ADD | +59.3% | $6.8M | $3.3M |
| Citadel | ADD | +25.5% | $4.1M | $1.4M |
| Tudor Investment Corp Et Al | ADD | +59.7% | $2.9M | $1.4M |
| Arrowstreet Capital, Limited P | ADD | +51.1% | $1.2M | $1.2M |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Verition Fund Management | NEAR_EXIT | -93.7% | $803.0K | -$741.4K |
Key Facts
- 12 institutional buyers vs 1 seller in Q3 2024
- Net institutional inflow of $14.1M into TDAY
- Marshall Wace doubled its position to $6.4M (largest buyer)
- Invesco added 59.3% to reach $6.8M (largest holder)
- Citadel added 25.5% to $4.1M
- Tudor Investment Corp added 59.7% to $2.9M
- Verition Fund Management nearly exited (-93.7%)
- Active managers dominate the buying (10 of 12 buyers)
Financial Impact
12 institutions accumulated $14.1M in net new positions; 1 seller reduced holdings by $741K
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound
- Cluster could reflect passive rebalancing by Invesco (mega-passive)
- Single seller (Verition) near-exit may indicate informed selling
- Small absolute dollar amounts ($23.5M total) limit market 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-2024-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 6w 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 24w 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
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