The Q3 cluster selling occurred before the strong Q3 earnings beat and raised Q4 guidance. Monitor upcoming 13F filings for Q4 2026 to see if institutions reversed course after the positive earnings surprise.
Executive Summary
Institutional 13F data for Q3 2026 shows a mixed cluster with 2 small buyers and 3 sellers, led by a near-exit from Concurrent Investment Advisors ($5.9M reduction). The selling predates the company's strong Q3 earnings report (record revenue, beat on EPS) filed 2 days ago, suggesting the cluster may have been unwound before the positive catalyst.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$8.7M
▲ Buyers (2)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| D.a. Davidson & | ADD | +32.8% | $619.0K | -$201.0K |
| Assetmark | ADD | +52.6% | $2.0K | -$358.00 |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Proshare Advisors | TRIM | -41.5% | $3.3M | -$2.2M |
| Farther Finance Advisors | TRIM | -41% | $617.0K | -$410.0K |
| Concurrent Investment Advisors | NEAR_EXIT | -87.5% | $6.4M | -$5.9M |
Key Facts
- 3 institutional sellers reduced holdings by a net $8.5M in Q3 2026
- Concurrent Investment Advisors executed a near-exit, selling 87.5% of its position ($5.9M reduction)
- 2 small buyers added $202K in net value (D.A. Davidson & Co. and Assetmark)
- No open-market insider buying corroborates the institutional moves (confluence score 12/100)
- Q3 2026 earnings (filed 10/27) showed record revenue of $759M (+49% YoY) and non-GAAP EPS of $1.15, beating consensus
Financial Impact
Net institutional selling of approximately $8.5M, with total seller reductions of $8.5M and buyer additions of $202K
Risk Factors
- 13F data is 45+ days stale; the cluster may have been unwound before the earnings catalyst
- Small sample size (5 institutions) limits signal strength
- No insider buying to corroborate institutional conviction
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-UCTT-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | Institutional Cluster | $54.70 | awaiting T+5 | awaiting T+5 | No price |
Oct 27, 2026 5d ago | 8-K | No price | awaiting T+5 | awaiting T+5 | No price |
Oct 27, 2026 5d ago | Press Release | $55.88 | awaiting T+5 | awaiting T+5 | No price |
Oct 5, 2026 27d ago | Press Release | $74.02 | awaiting T+5 | awaiting T+5 | No price |
Oct 2, 2026 4w ago | 3 | $74.02 $63.51 | ▼ −14.20% | ▼ −14.62% | No price |
Aug 14, 2026 11w ago | 8-K | $84.93 $76.43 | ▲ +10.01% | ▲ +8.64% | No price |
Aug 14, 2026 11w ago | 424B5 | $84.93 $76.43 | ▲ +10.01% | ▲ +8.64% | No price |
Aug 3, 2026 12w ago | Press Release | $84.54 $86.07 | ▲ +1.80% | ▲ +1.90% | No price |
Jun 9, 2026 20w ago | Insider Cluster | $90.90 $109.31 | ▲ +20.25% | ▲ +16.82% | No price |
Jun 9, 2026 20w ago | Insider Cluster | $90.90 $109.31 | ▲ +20.25% | ▲ +16.82% | No price |
US Market Status
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