The cluster is small and dominated by passive-style asset managers with no insider buying. Monitor next 13F season for larger funds (Rtw, BlackRock, Fidelity) to confirm or reverse this accumulation.
How the stock moved after the report
⚠ Clustered NEUTRAL VIEWSTOCK ABOVE ENTRY AT T+1- T+0 · Nov 2 $23.17entry
- T+1 · yesterday +0.04%α −1.61% · $23.18
- T+2 · todayOpen
- T+5 · in 4d Pending
- T+20 · in 26d Pending
- T+60 · in 3mo Pending
How similar events traded
Executive Summary
Five institutional asset managers added TNGX positions in Q3 2026, increasing aggregate holdings by $4.4M to $27.9M, while one seller exited a negligible $10K position. The cluster is small in dollar scale relative to the $3.8B market cap and lacks insider buying corroboration, suggesting limited conviction.
Key Financial Metrics
Institutional Positions
Net institutional flow: $4.4M
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | ADD | +72.7% | $14.9M | $4.1M |
| Congress Asset Management | ADD | +25.7% | $11.9M | $35.0K |
| Principal Financial Group | ADD | +86.6% | $501.0K | $165.0K |
| Strs Ohio | ADD | +75.6% | $394.0K | $113.0K |
| Mirae Asset Global Investments Co. | ADD | +33.2% | $215.0K | $13.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Farther Finance Advisors | NEAR_EXIT | -85.4% | $12.0K | -$10.0K |
Key Facts
- 5 buyers added $4.4M net to TNGX positions in Q3 2026, total holdings $27.9M
- 1 seller (Farther Finance Advisors) reduced a $12K position to $1K, a near-exit
- All buyers are asset managers; no activist, quant, or family office funds involved
- Insider buying confluence score is 11/100 (divergent), with zero open-market insider purchases
- Aggregate net buying of $4.4M is ~0.12% of TNGX's $3.8B market cap
Financial Impact
Net institutional buying of $4.4M across 5 funds, representing ~0.12% of market cap
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- No insider buying corroboration weakens signal conviction
- Cluster size is immaterial relative to $3.8B market cap
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-TNGX-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 4, 2026 today | Insider Cluster | No price | awaiting T+20 | awaiting T+20 | No price |
Nov 2, 2026 2d ago | Institutional Cluster | $23.17 | awaiting T+20 | awaiting T+20 | No price |
Nov 2, 2026 2d ago | 144 | $23.17 | awaiting T+20 | awaiting T+20 | No price |
Oct 23, 2026 12d ago | 8-K | $23.34 | awaiting T+20 | awaiting T+20 | No price |
Aug 11, 2026 12w ago | 8-K | $25.58 $23.37 | ▲ +8.64% | ▲ +6.74% | No price |
Aug 11, 2026 12w ago | 8-K | No price | awaiting T+20 | awaiting T+20 | No price |
Aug 11, 2026 12w ago | Press Release | $26.34 $24.00 | ▼ −8.88% | ▼ −7.82% | No price |
Aug 9, 2026 12w ago | Institutional Cluster | $27.67 $22.70 | ▼ −17.96% | ▼ −17.05% | No price |
Aug 6, 2026 12w ago | 8-K | $27.07 $22.52 | ▼ −16.81% | ▼ −16.41% | No price |
Jun 11, 2026 20w ago | 144 | $30.94 $31.06 | ▲ +0.39% | ▼ −1.39% | No price |
US Market Status
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