The cluster shows active managers are split: two large asset managers (Assenagon, Congress) made opposite large-dollar moves, while two smaller funds (Ninety One, Banque Pictet) added smaller but high-conviction positions. The 45-day lag and the model's 20% win rate on UBER long calls suggest caution. Monitor upcoming Q4 earnings for fundamental confirmation or reversal of this thesis.
Executive Summary
A mixed institutional cluster in UBER for Q3 2026 shows four buyers adding $143.6M in new positions, led by Assenagon Asset Management ($73.7M increase) and Ninety One UK (a near-10,000% position increase from a tiny base), while two sellers reduced by $102.3M, with Congress Asset Management exiting nearly its entire $96.8M stake.
Key Financial Metrics
Institutional Positions
Net institutional flow: $41.3M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Matrix | NEW | +0% | $11.2M | $11.2M |
| Assenagon Asset Management | ADD | +30.5% | $382.0M | $73.7M |
| Ninety One Uk | DOUBLED | +10011.8% | $49.5M | $49.0M |
| Banque Pictet & Cie | ADD | +33.6% | $45.5M | $9.6M |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Congress Asset Management | NEAR_EXIT | -99.7% | $96.8M | -$96.5M |
| Td Waterhouse Canada | TRIM | -33% | $15.4M | -$5.7M |
Key Facts
- 4 institutional buyers added $143.6M in aggregate, led by Assenagon Asset Management ($73.7M increase) and Ninety One UK ($49.0M increase)
- 2 institutional sellers reduced by $102.3M, with Congress Asset Management exiting 99.7% of its $96.8M stake
- Net net buying of $41.3M across 6 tracked institutions
- Data is from 2026-Q3 13F filings with a 45-day reporting lag
Financial Impact
4 institutions accumulated $488.2M in current holdings with a net increase of $143.6M, while 2 sellers reduced holdings by $102.3M, resulting in net institutional accumulation of $41.3M
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound
- Model has a 20% win rate on UBER long calls (n=5 decisive), indicating poor predictive accuracy
- Congress Asset Management's near-total exit ($96.8M) is a strong bearish signal from a large active manager
- No insider buying confluence to corroborate the institutional accumulation
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-UBER-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | Institutional Cluster | $69.95 $68.89 | ▼ −1.52% | ▼ −1.85% | — |
Oct 13, 2026 14d ago | Court Ruling | $69.29 $71.27 | ▲ +2.86% | ▲ +2.57% | — |
Oct 12, 2026 14d ago | Institutional Cluster | $71.50 $71.32 | ▼ −0.25% | ▼ −0.24% | — |
Sep 25, 2026 4w ago | Court Ruling | $68.16 $69.36 | ▲ +1.76% | ▲ +1.94% | — |
Sep 24, 2026 4w ago | Court Ruling | $69.62 $68.16 | ▼ −2.10% | ▼ −1.35% | — |
Sep 24, 2026 4w ago | Court Ruling | $69.62 $68.16 | ▲ +2.10% | ▲ +1.35% | — |
Sep 15, 2026 5w ago | Insider Cluster | $70.97 $70.87 | ▼ −0.14% | ▼ −1.27% | — |
Sep 15, 2026 5w ago | Insider Cluster | $70.97 $70.87 | ▼ −0.14% | ▼ −1.27% | — |
Sep 11, 2026 6w ago | Court Ruling | $72.63 $71.43 | ▼ −1.65% | ▼ −1.19% | — |
Sep 10, 2026 6w ago | Insider Cluster | $72.56 $71.67 | ▼ −1.23% | ▼ −2.08% | — |
US Market Status
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