The cluster is too small to signal a thesis shift. Monitor next 13F for larger funds (BlackRock, Neuberger Berman) for directional confirmation.
Executive Summary
Four asset managers added to their WLY positions in Q3 2026, led by Proshare Advisors increasing its stake by $2.2M, while one ETF provider trimmed. The cluster is small in scale (net $2.0M inflow) and lacks insider buying corroboration, suggesting modest conviction.
Key Financial Metrics
Institutional Positions
Net institutional flow: $2.0M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Proshare Advisors | ADD | +31.8% | $9.8M | $2.2M |
| Farther Finance Advisors | ADD | +44.1% | $38.0K | $11.0K |
| Nisa Investment Advisors | ADD | +49.8% | $106.0K | $34.0K |
| Assetmark | ADD | +35.8% | $146.0K | $37.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Exchange Traded Concepts | TRIM | -25.2% | $1.1M | -$295.0K |
Key Facts
- 4 institutional buyers added $2.3M in aggregate, 1 seller trimmed $295K
- Proshare Advisors was the largest buyer, adding 49.3K shares worth $2.2M
- No open-market insider buying during the window (confluence score 18/100)
- All buyers are asset managers; no activist or hedge fund participation
Financial Impact
Net institutional inflow of approximately $2.0M, representing less than 0.1% of the $2.7B market cap
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound
- No insider buying to corroborate institutional conviction
- All buyers are small asset managers; top holders not participating
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-WLY-2026-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | Institutional Cluster | $51.44 | awaiting T+60 | awaiting T+60 | No price |
Sep 3, 2026 8w ago | 8-K | $50.66 | awaiting T+60 | awaiting T+60 | No price |
Jul 9, 2026 16w ago | 8-K | $50.42 $47.50 | ▼ −5.79% | ▼ −7.42% | No price |
Jun 16, 2026 19w ago | 8-K | $45.09 $47.24 | ▲ +4.77% | ▲ +3.77% | No price |
Jun 15, 2026 19w ago | 8-K | $43.33 $47.99 | ▲ +10.75% | ▲ +9.75% | No price |
Mar 5, 2026 34w ago | 8-K | $34.41 $43.64 | ▲ +26.82% | ▲ +15.52% | No price |
US Market Status
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