This cluster reflects index inclusion and passive rebalancing following ServiceTitan's IPO, not an active investment thesis. Monitor for active manager 13F filings or insider buying patterns for a genuine signal.
Executive Summary
Five mega-passive institutional investors (Vanguard, BlackRock, State Street, Fidelity, Morgan Stanley) collectively added $559.1M to their ServiceTitan positions in Q3 2025, with total holdings reaching $784.1M. The cluster is entirely passive/index-driven, reflecting the stock's inclusion in major indices following its IPO, not an active investment thesis.
Key Financial Metrics
Institutional Positions
Net institutional flow: $559.1M
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Vanguard | DOUBLED | +538.4% | $446.7M | $372.3M |
| BlackRock | ADD | +96.7% | $172.0M | $79.0M |
| State Street | DOUBLED | +272.3% | $28.0M | $20.0M |
| Fidelity | DOUBLED | +6825.3% | $57.7M | $56.8M |
| Morgan Stanley | ADD | +73.6% | $79.7M | $30.9M |
Key Facts
- 5 mega-passive funds accumulated $559.1M net in Q3 2025, with total holdings of $784.1M
- Vanguard doubled its position to $446.7M (+$372.3M), the largest buyer
- Fidelity increased holdings by 6,825% from $886K to $57.7M, the largest percentage increase
- Zero institutional sellers in the cluster
- All five buyers are mega-passive index/rebalancing funds, not active managers
Financial Impact
5 passive institutions accumulated $559.1M in new holdings, bringing total reported positions to $784.1M
Risk Factors
- Passive buying provides no fundamental catalyst and can reverse during index rebalancing
- 13F data is 45+ days stale; positions may have already been adjusted
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-TTAN-2025-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | Institutional Cluster | $78.26 | awaiting T+60 | — | — |
Sep 23, 2026 4w ago | Insider Cluster | $59.98 | awaiting T+60 | — | — |
Sep 21, 2026 5w ago | Insider Cluster | $61.56 | awaiting T+60 | — | — |
Sep 17, 2026 5w ago | 144 | $55.04 | awaiting T+60 | — | — |
Aug 17, 2026 10w ago | Insider Cluster | $91.11 | awaiting T+60 | — | — |
Aug 13, 2026 10w ago | Insider Cluster | $90.40 | awaiting T+60 | — | — |
Jul 16, 2026 14w ago | 144 | $76.00 $72.28 | ▼ −4.89% | ▼ −9.58% | — |
Jul 16, 2026 14w ago | 144 / CLUSTER | $76.00 $72.28 | ▲ +4.89% | ▲ +9.58% | — |
Jul 8, 2026 15w ago | Insider Cluster | $79.44 $67.09 | ▲ +15.55% | ▲ +17.93% | — |
Jul 8, 2026 15w ago | Insider Cluster | $79.44 $67.09 | ▼ −15.55% | ▼ −17.93% | — |
US Market Status
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