The cluster is dominated by active managers on the buy side but overwhelmed by large passive/sovereign selling. Monitor for a catalyst that could reverse the selling trend; the absence of insider buying weakens the bullish signal. A contrarian entry may be premature until selling pressure abates.
Executive Summary
A mixed institutional cluster in UGI for 2026-Q1 shows 23 buyers accumulating $142.5M net, led by Arrowstreet Capital and Marshall Wace, while 16 sellers reduced holdings by $380.3M, including full exits by Norges Bank and Point72. The net selling pressure from large passive and sovereign sellers outweighs active buying, suggesting a cautious or rotating institutional view despite the buyer count.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$172.2M
▲ Buyers (23)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Arrowstreet Capital, Limited P | DOUBLED | +363.5% | $58.0M | $45.2M |
| Marshall Wace | DOUBLED | +6517.7% | $58.9M | $58.0M |
| Dz Bank Ag Deutsche Zentral Ge | DOUBLED | +154.3% | $21.5M | $12.8M |
| RenTech | ADD | +68.4% | $13.1M | $5.1M |
| Franklin Resources | ADD | +58.4% | $15.9M | $5.6M |
▼ Sellers (16)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| State Street | TRIM | -25.7% | $343.3M | -$95.0M |
| Norges Bank | EXIT | -100% | $110.1M | -$110.1M |
| Point72 | EXIT | -100% | $64.9M | -$64.9M |
| First Trust Advisors | TRIM | -46.2% | $105.9M | -$50.5M |
| Pictet Asset Management Holdin | NEAR_EXIT | -90.4% | $46.1M | -$41.8M |
Key Facts
- 23 institutional buyers added $142.5M net in new positions; 16 sellers reduced holdings by $380.3M.
- Arrowstreet Capital doubled its stake to $58.0M (+$45.2M), Marshall Wace added $58.0M to a new $58.9M position.
- State Street trimmed 25.7% of its position, selling $95.0M worth.
- Norges Bank and Point72 fully exited positions worth $110.1M and $64.9M respectively.
- No open-market insider buying was detected in the window (confluence score 38/100, institutions_only).
Financial Impact
Net institutional selling of approximately $237.8M ($380.3M sold vs $142.5M bought) across 39 filers.
Risk Factors
- Continued selling by mega-passive funds (State Street) and sovereign wealth (Norges Bank) could pressure the stock.
- No insider buying corroboration reduces conviction in the accumulation thesis.
- 13F data is 45+ days stale; positions may have been unwound since quarter-end.
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-UGI-2026-Q1 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 7, 2026 12w ago | 8-K | $35.59 $36.36 | ▲ +2.16% | ▼ −0.33% | — |
Jun 20, 2026 14w ago | Institutional Cluster | $33.79 $37.81 | ▲ +11.90% | ▲ +10.15% | — |
May 26, 2026 18w ago | 8-K | $35.76 $38.39 | ▲ +7.36% | ▲ +4.89% | — |
May 22, 2026 19w ago | 8-K | $35.76 $38.39 | ▲ +7.36% | ▲ +4.89% | — |
May 13, 2026 20w ago | 8-K | $33.99 $33.89 | ▼ −0.29% | ▼ −3.62% | — |
May 12, 2026 20w ago | 8-K | $32.99 $34.17 | ▲ +3.58% | ▼ −0.54% | — |
May 11, 2026 20w ago | 8-K | $32.99 $34.17 | ▲ +3.58% | ▼ −0.54% | — |
May 7, 2026 21w ago | 8-K | $32.33 $36.12 | ▼ −11.74% | ▼ −9.63% | — |
US Market Status
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