The cluster is mixed but net bearish due to Citadel's near-total exit and passive trims. Monitor for further institutional selling or a catalyst that could reverse the trend. The active buying by D.E. Shaw and Prudential provides a partial offset but not enough to signal strong conviction.
Executive Summary
Institutional activity in TTEC during Q3 2024 shows a mixed cluster: three active managers/quant funds (D.E. Shaw, Prudential, Assenagon) added $2.8M in positions, while five sellers—including Citadel's near-total exit and two mega-passive trims—reduced holdings by $3.3M. The net selling pressure from Citadel's near-exit and passive rebalancing outweighs the active buying, suggesting cautious positioning despite selective accumulation by value-oriented funds.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$459.1K
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| D.E. Shaw | ADD | +36.8% | $6.7M | $1.8M |
| Prudential Financial | ADD | +36.9% | $2.8M | $752.0K |
| Assenagon Asset Management | ADD | +67.3% | $606.0K | $243.0K |
▼ Sellers (5)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Citadel | NEAR_EXIT | -90.2% | $2.7M | -$2.5M |
| Schwab | TRIM | -25.8% | $1.8M | -$468.6K |
| Invesco | TRIM | -34.2% | $780.0K | -$267.4K |
| Legal & General Group | NEAR_EXIT | -87.3% | $78.0K | -$68.6K |
| Pnc Financial Services Group | NEAR_EXIT | -79.9% | $4.0K | -$3.6K |
Key Facts
- 3 buyers added $2.8M in net new value; 5 sellers reduced by $3.3M
- D.E. Shaw increased stake 36.8% to $6.7M; Citadel exited 90.2% of its position
- Passive/index funds (Schwab, Invesco) trimmed, reducing conviction signal
- Net institutional flow was negative ($0.5M net selling) despite selective accumulation
Financial Impact
Net institutional selling of approximately $0.5M (buyers added $2.8M, sellers reduced $3.3M). D.E. Shaw's $1.8M addition was the largest buy; Citadel's $2.5M near-exit was the largest sell.
Risk Factors
- Continued institutional distribution could pressure the stock
- 13F data is 45+ days stale; positions may have changed since quarter-end
- Passive selling may reflect index rebalancing rather than fundamental view
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-TTEC-2024-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 19d ago | 8-K | $1.46 $1.66 | ▼ −13.70% | ▼ −13.98% | — |
Sep 22, 2026 5w ago | Press Release | $1.25 $1.24 | ▼ −0.80% | ▲ +0.39% | — |
Aug 13, 2026 10w ago | Press Release | $1.57 $1.43 | ▼ −8.92% | ▼ −6.95% | — |
Aug 10, 2026 11w ago | 8-K | $1.73 $1.42 | ▲ +17.92% | ▲ +17.52% | — |
Jun 11, 2026 19w ago | Institutional Cluster | $2.35 $2.14 | ▼ −8.94% | ▼ −9.61% | — |
May 21, 2026 22w ago | Press Release | $2.68 $2.72 | ▲ +1.49% | ▼ −0.36% | — |
May 13, 2026 23w ago | Press Release | $2.56 $2.44 | ▼ −4.69% | ▼ −3.53% | — |
Apr 17, 2026 27w ago | Press Release | $3.23 $2.95 | ▼ −8.67% | ▼ −9.58% | — |
Apr 10, 2026 28w ago | DEFA14A | $2.52 $3.23 | ▲ +28.17% | ▲ +24.88% | — |
US Market Status
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