The cluster shows broad institutional trimming with quant funds leading the exit, suggesting a lack of near-term catalyst. Monitor for further selling pressure or a contrarian opportunity if the selling exhausts. The 75% analyst bullish consensus provides a potential floor, but the institutional action is not confirming that optimism.
Executive Summary
In Q3 2024, 6 institutional buyers added $629K to THFF positions while 10 sellers reduced holdings by $3.3M, resulting in a net selling cluster. The selling is dominated by quant funds (Citadel, D.E. Shaw) and asset managers trimming positions, while buying is from smaller asset managers adding modestly. The net directional signal is mixed but leans bearish given the larger dollar value of selling.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$2.7M
▲ Buyers (6)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Legal & General Group | ADD | +63.3% | $678.0K | $329.0K |
| Great Lakes Advisors | ADD | +36.8% | $673.0K | $259.0K |
▼ Sellers (10)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Citadel | TRIM | -69.5% | $1.5M | -$937.6K |
| First Trust Advisors | NEAR_EXIT | -76.7% | $1.3M | -$927.6K |
| Captrust Financial Advisors | TRIM | -46.6% | $1.3M | -$460.2K |
| Invesco | TRIM | -32.6% | $1.6M | -$317.5K |
| D.E. Shaw | TRIM | -52.3% | $605.0K | -$262.2K |
Key Facts
- 6 buyers added $629K in net new positions; 10 sellers reduced holdings by $3.3M
- Largest sellers: Citadel (trimmed $938K), First Trust Advisors (near-exit, cut $928K), Captrust Financial Advisors (trimmed $460K)
- Largest buyers: Legal & General Group (added $329K), Great Lakes Advisors (added $259K)
- Quant funds (Citadel, D.E. Shaw) were among the most aggressive sellers, trimming 69.5% and 52.3% of positions respectively
- No activist or high-conviction fund types involved; all buyers are asset managers with small absolute dollar additions
Financial Impact
Net institutional selling of approximately $2.7M (buyers added $629K, sellers reduced by $3.3M)
Risk Factors
- Continued institutional selling could pressure the stock
- Quant fund exits may indicate systematic risk or sector rotation away from regional banks
- Small buyer conviction (all adds <$330K) suggests limited institutional enthusiasm
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-THFF-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $78.02 | awaiting T+5 | — | — |
Oct 27, 2026 today | 8-K | $77.11 | awaiting T+5 | — | — |
Oct 27, 2026 today | Press Release | $77.11 | awaiting T+5 | — | — |
Sep 17, 2026 5w ago | 8-K | $76.55 $75.56 | ▼ −1.29% | ▼ −2.56% | — |
Sep 17, 2026 5w ago | 8-K | $77.09 $75.22 | ▼ −2.43% | ▼ −3.03% | — |
Sep 10, 2026 6w ago | 425 | $77.80 $77.09 | ▼ −0.91% | ▼ −0.41% | — |
Sep 4, 2026 7w ago | 8-K | $79.34 $78.20 | ▼ −1.44% | ▼ −0.23% | — |
Aug 27, 2026 8w ago | 8-K | $79.50 $78.70 | ▼ −1.01% | ▼ −1.27% | — |
Jul 28, 2026 13w ago | 8-K | $79.91 $82.59 | ▲ +3.35% | ▲ +1.08% | — |
Jul 28, 2026 13w ago | Press Release | $79.91 $82.59 | ▲ +3.35% | ▲ +1.08% | — |
US Market Status
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