The cluster is dominated by a single fund's massive increase, which may reflect a specific thesis (e.g., regulatory tailwinds or dividend stability) but lacks broad conviction. Monitor next 13F for whether Assenagon holds or exits — a quick reversal would negate the signal.
Executive Summary
A mixed institutional cluster in WTRG shows one large active manager (Assenagon Asset Management) more than doubling its position to $126.7M, while two smaller sellers trimmed modestly. The net buying is heavily concentrated in a single fund, reducing the signal's breadth.
Key Financial Metrics
Institutional Positions
Net institutional flow: $115.9M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | DOUBLED | +1224% | $126.7M | $117.4M |
| Ifm Investors Pty | ADD | +33.2% | $1.1M | $282.0K |
| Mather Group | ADD | +34% | $7.0K | $2.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Pensiondanmark Pensionsforsikringsaktieselskab | TRIM | -32.2% | $5.3M | -$1.6M |
| Td Waterhouse Canada | TRIM | -39% | $398.0K | -$151.0K |
Key Facts
- 3 institutional buyers added a net $117.7M, led by Assenagon's $117.4M increase to a $126.7M position
- 2 sellers trimmed a combined $1.8M, with Pensiondanmark reducing by $1.6M
- Assenagon's move is a 1224% increase, suggesting a conviction bet, but it is the only large active buyer
Financial Impact
3 institutions accumulated $117.7M in net new positions while 2 reduced holdings by $1.8M, for a net institutional inflow of approximately $115.9M
Risk Factors
- 13F data is 45+ days stale; positions may have already been unwound
- Single-fund concentration reduces the cluster's reliability as a consensus signal
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-WTRG-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 425 | $42.48 | awaiting T+20 | — | — |
Oct 26, 2026 1d ago | 425 | $42.79 | awaiting T+20 | — | — |
Oct 19, 2026 8d ago | Institutional Cluster | $40.29 | awaiting T+20 | — | — |
Oct 8, 2026 19d ago | 425 | $38.98 | awaiting T+20 | — | — |
Oct 8, 2026 19d ago | 425 | $38.98 | awaiting T+20 | — | — |
Oct 8, 2026 19d ago | 425 | $38.98 | awaiting T+20 | — | — |
Oct 8, 2026 19d ago | 425 | $38.98 | awaiting T+20 | — | — |
Sep 17, 2026 5w ago | 425 | $41.60 $40.29 | ▼ −3.16% | ▼ −4.36% | — |
Sep 17, 2026 5w ago | 8-K | $41.60 $40.29 | ▼ −3.16% | ▼ −4.36% | — |
Sep 9, 2026 6w ago | 425 | $41.80 $38.72 | ▼ −7.37% | ▼ −9.49% | — |
US Market Status
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