The cluster is driven by high-conviction active and sovereign investors, suggesting a fundamental reassessment of Teradyne’s valuation or prospects. Traders should monitor for follow-on buying and potential inclusion in broader tech or industrial rotation trades.
Executive Summary
Three major institutions — Norges Bank, Two Sigma, and Wells Fargo — collectively added $509.1M in new positions in Teradyne during Q4 2025, signaling strong institutional conviction. This buying was partially offset by RenTech nearly exiting its position with a $28.7M reduction, but the net flow is decisively bullish.
Key Financial Metrics
Institutional Positions
Net institutional flow: $480.4M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Norges Bank | NEW | +0% | $398.8M | $398.8M |
| Two Sigma | DOUBLED | +1743.5% | $91.3M | $87.8M |
| Wells Fargo | ADD | +47.1% | $43.5M | $22.5M |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| RenTech | NEAR_EXIT | -99.4% | $29.0M | -$28.7M |
Key Facts
- Norges Bank established a new $398.8M position, the largest single addition.
- Two Sigma more than doubled its stake, increasing value by $87.8M to $91.3M.
- Wells Fargo added $22.5M in shares, reflecting a 47.1% increase in its holding.
- RenTech reduced its position by 99.4%, exiting nearly all of its $29M stake.
Financial Impact
Net institutional inflow of $480.4M ($509.1M bought, $28.7M sold), with Norges Bank alone accounting for 78% of new buying.
Risk Factors
- RenTech's near-complete exit may indicate model-driven skepticism or risk-off behavior in quant funds.
- Concentration risk: 83% of the new buying comes from a single sovereign investor (Norges Bank).
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-TER-2025-Q4 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 16d ago | Insider Cluster | $341.15 $389.14 | ▲ +14.07% | ▲ +11.50% | — |
Aug 21, 2026 6w ago | ANALYST-DOWNGRADE | $375.74 $354.97 | ▼ −5.53% | ▼ −6.00% | — |
Aug 18, 2026 6w ago | Insider Cluster | $404.29 $366.43 | ▼ −9.36% | ▼ −9.16% | — |
Aug 10, 2026 7w ago | 8-K | $379.56 $404.29 | ▲ +6.52% | ▲ +6.92% | — |
Jul 16, 2026 11w ago | Insider Cluster | $322.30 $373.75 | ▲ +15.96% | ▲ +17.63% | — |
Jun 16, 2026 15w ago | Insider Cluster | $408.56 $427.20 | ▲ +4.56% | ▲ +5.60% | — |
May 26, 2026 18w ago | Insider Cluster | $375.83 $392.62 | ▲ +4.47% | ▲ +3.26% | — |
May 26, 2026 18w ago | Insider Cluster | $375.83 $392.62 | ▲ +4.47% | ▲ +3.26% | — |
May 19, 2026 19w ago | Insider Cluster | $321.40 $372.75 | ▲ +15.98% | ▲ +13.73% | — |
Apr 30, 2026 22w ago | ANALYST-UPGRADE | $345.42 $354.11 | ▲ +2.52% | ▲ +0.17% | — |
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.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access