The cluster is modest and dominated by passive-oriented asset managers, providing limited directional conviction. Monitor for additional 13F filings from active managers or insider buying to confirm a bullish thesis.
Executive Summary
Nine institutional investors accumulated $10.9M in USAR during 2026-Q2, led by New York State Common Retirement Fund doubling its stake to $7.7M. Four sellers trimmed $0.5M. All participants are asset managers (likely passive/index-oriented) with no insider buying, weakening the conviction signal.
Key Financial Metrics
Institutional Positions
Net institutional flow: $10.4M
▲ Buyers (9)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| New York State Common Retirement Fund | DOUBLED | +518.1% | $7.7M | $6.8M |
| Russell Investments Group | DOUBLED | +363.4% | $1.7M | $1.4M |
| Pictet Asset Management Holding | DOUBLED | +402.1% | $1.2M | $1.0M |
▼ Sellers (4)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Strs Ohio | TRIM | -64.5% | $486.0K | -$239.8K |
| Wealth Enhancement Advisory Services | TRIM | -47% | $378.0K | -$145.4K |
Key Facts
- 9 buyers added $10.9M net; 4 sellers trimmed $0.5M
- Largest buyer: New York State Common Retirement Fund doubled to $7.7M (+518% shares)
- All participants are asset managers, not active hedge funds or activists
- No open-market insider buying (confluence score 18/100, divergent)
- Cluster represents ~0.25% of USAR's $4.4B market cap
Financial Impact
Net institutional accumulation of $10.4M (buyers added $10.9M, sellers reduced $0.5M)
Risk Factors
- 45-day 13F reporting lag means positions may already be unwound
- All buyers are asset managers, likely passive rebalancing rather than active 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-USAR-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 25d ago | 8-K | $13.80 $12.63 | ▼ −8.48% | ▼ −9.78% | — |
Oct 1, 2026 25d ago | Press Release | $13.80 $12.63 | ▼ −8.48% | ▼ −9.78% | — |
Sep 16, 2026 5w ago | EFFECT | $15.10 $16.78 | ▼ −11.13% | ▼ −8.29% | — |
Sep 15, 2026 5w ago | 8-K | $15.10 $16.78 | ▼ −11.13% | ▼ −8.29% | — |
Sep 4, 2026 7w ago | S-3 | $17.66 $15.40 | ▲ +12.80% | ▲ +11.68% | — |
Sep 4, 2026 7w ago | S-3 | $17.66 $15.40 | ▲ +12.80% | ▲ +11.68% | — |
Sep 4, 2026 7w ago | 8-K | $17.61 $15.71 | ▼ −10.79% | ▼ −9.58% | — |
Aug 24, 2026 9w ago | DEFA14A | $18.29 $17.82 | ▼ −2.57% | ▼ −3.04% | — |
Aug 24, 2026 9w ago | 8-K | $18.29 $17.82 | ▼ −2.57% | ▼ −3.04% | — |
Aug 9, 2026 11w ago | Institutional Cluster | $19.04 $19.29 | ▲ +1.31% | ▲ +1.36% | — |
US Market Status
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