The cluster is dominated by active managers with opposing conviction: Truist Financial and Wealth Enhancement Advisory Services doubled or added large positions, while Assenagon nearly exited a $85.7M stake. The lack of insider buying weakens the bullish signal. Monitor next 10-Q for whether the buying or selling thesis proves correct.
Executive Summary
Institutional cluster in UPS shows mixed conviction: 5 asset managers added $71.1M in new holdings while 3 sellers reduced by $94.4M, net -$23.3M. The buying follows Q3 earnings beat and raised guidance reported 3 days ago, but the selling is larger in dollar terms, suggesting divergent views on the stock's valuation after the recent rally.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$23.3M
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Truist Financial | DOUBLED | +173.6% | $73.6M | $42.7M |
| Wealth Enhancement Advisory Services | ADD | +42.7% | $138.9M | $22.3M |
| Exchange Traded Concepts | DOUBLED | +145% | $4.9M | $2.6M |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | NEAR_EXIT | -92.4% | $85.7M | -$80.0M |
| Robeco Institutional Asset Management B.v. | TRIM | -53.3% | $14.5M | -$8.6M |
| Nisa Investment Advisors | TRIM | -28.8% | $15.2M | -$5.8M |
Key Facts
- 5 institutional buyers added $71.1M in net new holdings during Q3 2026
- 3 institutional sellers reduced holdings by $94.4M, led by Assenagon's near-exit (-$80M)
- Net institutional flow was -$23.3M (selling exceeded buying)
- All participants are active asset managers; no passive/index funds in the cluster
- No open-market insider buying corroborates the institutional moves (confluence score 36/100)
Financial Impact
Net institutional selling of $23.3M, with total buying of $71.1M and total selling of $94.4M
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- No insider buying corroboration reduces conviction in the buying cluster
- Net selling by dollar value suggests bearish bias among larger sellers
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-UPS-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | Institutional Cluster | $108.69 | awaiting T+20 | awaiting T+20 | No price |
Oct 28, 2026 4d ago | Court Ruling | $107.33 | awaiting T+20 | awaiting T+20 | No price |
Oct 27, 2026 5d ago | 8-K | $106.09 | awaiting T+20 | awaiting T+20 | No price |
Oct 23, 2026 9d ago | Court Ruling | $100.32 | awaiting T+20 | awaiting T+20 | No price |
Oct 19, 2026 13d ago | Court Ruling | $98.52 | awaiting T+20 | awaiting T+20 | No price |
Sep 30, 2026 4w ago | Court Ruling | $93.89 $107.33 | ▲ +14.31% | ▲ +13.61% | No price |
Sep 30, 2026 4w ago | Court Ruling | $93.89 $107.33 | ▲ +14.31% | ▲ +13.61% | No price |
Sep 21, 2026 5w ago | Court Ruling | $95.87 $98.52 | ▲ +2.76% | ▲ +3.32% | No price |
Sep 18, 2026 6w ago | Court Ruling | $94.75 $97.46 | ▲ +2.86% | ▲ +3.77% | No price |
Sep 15, 2026 6w ago | Court Ruling | $98.77 $95.78 | ▼ −3.03% | ▼ −5.09% | No price |
US Market Status
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