The cluster suggests active managers see value in VVX, but the 45-day 13F lag and negative historical T+20 performance on prior calls (avg -1.93%) warrant caution. Monitor next 10-Q for earnings quality and guidance; a follow-on earnings beat could validate the thesis.
Executive Summary
Seven institutional funds accumulated $24.1M in VVX during Q3 2024 (net buying of +$14.9M), led by Russell Investments and Citadel doubling or adding aggressively. Three asset managers trimmed modestly ($2.5M sold). The cluster signals conviction that V2X is undervalued or positioned for a catalyst, though historical reads on this ticker have underperformed.
Key Financial Metrics
Institutional Positions
Net institutional flow: $12.4M
▲ Buyers (7)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| T. Rowe Price | ADD | +28.4% | $3.0K | $1.0K |
| Nisa Investment Advisors | ADD | +50% | $2.0K | $860.00 |
| Citadel | DOUBLED | +494% | $5.1M | $4.3M |
| Russell Investments Group | ADD | +98.7% | $16.3M | $9.3M |
| Tudor Investment Corp Et Al | ADD | +53% | $1.8M | $787.0K |
| State Of Wisconsin Investment | ADD | +78.8% | $717.0K | $373.0K |
| Strs Ohio | DOUBLED | +156.3% | $229.0K | $152.0K |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Legal & General Group | TRIM | -27.1% | $1.3M | -$194.8K |
| Arrowstreet Capital, Limited P | TRIM | -43.1% | $5.0K | $3.5M |
| Connor, Clark & Lunn Investmen | TRIM | -34.1% | $3.3M | -$769.0K |
Key Facts
- 7 buyers vs 3 sellers in Q3 2024 institutional cluster
- Largest buyer: Russell Investments Group added +$9.3M (98.7% share increase)
- Citadel doubled its VVX stake from $733K to $5.1M (494% increase)
- T. Rowe Price (passive) added a small position (28.4% increase, $1K net)
- Sellers include Legal & General, Arrowstreet (trimmed 43.1%), and Connor Clark & Lunn (trimmed 34.1%)
- Aggregate net buying: ~$12.4M (buyers added $14.9M, sellers trimmed $2.5M)
Financial Impact
7 institutional buyers added net $14.9M to VVX positions, while 3 sellers trimmed $2.5M. Net institutional inflow of ~$12.4M.
Risk Factors
- 13F data is quarter-end (Q3 2024); positions may have changed since filing
- Historical model reports on VVX have shown negative T+20 alpha (-9.55% vs SPY)
- Selling by three asset managers introduces uncertainty
- Passive/rebalancing activity by T. Rowe Price adds noise
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-VVX-2024-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 17, 2026 6w ago | Insider Cluster | $81.46 $75.27 | ▲ +7.60% | ▲ +6.61% | — |
Aug 10, 2026 7w ago | 8-K | $80.54 $71.91 | ▼ −10.72% | ▼ −9.66% | — |
Jun 12, 2026 15w ago | Institutional Cluster | $90.81 $74.99 | ▼ −17.42% | ▼ −19.20% | — |
May 11, 2026 20w ago | 424B5 | $69.18 $85.52 | ▼ −23.62% | ▼ −23.92% | — |
Mar 19, 2026 28w ago | DEFA14A | $68.01 $66.70 | ▼ −1.93% | ▼ −9.55% | — |
US Market Status
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