The unanimous selling by six active asset managers with zero buyers is a rare bearish consensus signal. Monitor upcoming 13F filings for Q4 to see if the selling continued or if new buyers emerged at lower prices. The 45-day reporting lag means these positions were already stale by the filing date — any subsequent price action may have already reflected this selling pressure.
Executive Summary
Six institutional asset managers trimmed or nearly exited their VEEV positions in Q3 2026, with zero new buyers. The largest reduction came from Assenagon Asset Management (-60.7% of shares, -$15M in value) and Vontobel Holding (-75.1%, -$5.5M). While the aggregate net dollar change is only +$2.5M (driven by stock appreciation on remaining positions), the unanimous selling direction across all six active managers signals a bearish consensus on the stock at quarter-end.
Key Financial Metrics
Institutional Positions
Net institutional flow: $2.5M
▼ Sellers (6)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | TRIM | -60.7% | — | -$15.0M |
| Vontobel Holding | NEAR_EXIT | -75.1% | $9.2M | -$5.5M |
| Robeco Institutional Asset Management B.v. | TRIM | -29.1% | — | $20.7M |
| Ninety One Uk | TRIM | -26.3% | — | $2.2M |
| Amf Tjanstepension Ab | TRIM | -31.8% | — | $195.0K |
| Davenport & Co | TRIM | -25.4% | — | $64.0K |
Key Facts
- 6 institutional sellers, 0 buyers in Q3 2026
- Assenagon Asset Management trimmed 60.7% of its VEEV position, reducing value by $15.0M
- Vontobel Holding executed a near-exit, cutting 75.1% of shares, value down $5.5M
- Robeco Institutional Asset Management trimmed 29.1% of shares (241.9K shares), though position value rose $20.7M on price appreciation
- No new institutional buyers or additions were reported
- All six sellers are active asset managers, not passive index funds — signal strength is elevated
Financial Impact
6 institutions reduced VEEV holdings by a net of $2.5M in aggregate value change (driven by stock price appreciation masking larger share-count reductions). The largest absolute dollar reduction was Assenagon's $15.0M trim.
Risk Factors
- 13F data is 45+ days stale; positions may have been rebuilt or further reduced since quarter-end
- The aggregate net dollar change is positive (+$2.5M) due to stock appreciation, which could mask the bearish signal to less careful analysts
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-VEEV-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | Institutional Cluster | $323.04 | awaiting T+20 | — | — |
Oct 14, 2026 13d ago | 144 | $313.03 | awaiting T+20 | — | — |
Sep 23, 2026 4w ago | Press Release | $270.75 $320.55 | ▲ +18.39% | ▲ +17.71% | — |
Sep 16, 2026 6w ago | Insider Cluster | $263.75 $313.03 | ▲ +18.68% | ▲ +17.23% | — |
Aug 26, 2026 8w ago | Press Release | $282.13 $278.39 | ▼ −1.33% | ▼ −1.22% | — |
Jun 3, 2026 20w ago | 8-K | $178.54 $192.74 | ▲ +7.96% | ▲ +9.58% | — |
May 4, 2026 25w ago | DEFA14A | $170.18 $188.66 | ▲ +10.86% | ▲ +5.22% | — |
Apr 20, 2026 27w ago | 8-K | $167.71 $163.85 | ▼ −2.30% | ▼ −7.21% | — |
Mar 4, 2026 33w ago | 8-K | $195.27 $173.86 | ▼ −10.96% | ▼ −7.18% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers