The cluster is a strong directional signal but is based on stale Q3 data and may have been unwound. Monitor next filing for any insider buying or earnings for confirmation of the thesis.
Executive Summary
Three asset managers accumulated $79.5M net in Clear Secure (YOU) during Q3 2026, led by a $78.8M new position from Congress Asset Management. One small advisor trimmed $442K. The cluster is overwhelmingly bullish in direction but reflects stale Q3 data and is dominated by passive-oriented managers, limiting conviction.
Key Financial Metrics
Institutional Positions
Net institutional flow: $79.5M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Congress Asset Management | NEW | +100% | $78.8M | $78.8M |
| Wealth Enhancement Advisory Services | ADD | +76.2% | $2.5M | $679.0K |
| Assetmark | ADD | +31.2% | $728.0K | -$9.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Farther Finance Advisors | TRIM | -69.2% | $575.0K | -$442.0K |
Key Facts
- Congress Asset Management initiated a $78.8M new stake (1.88M shares)
- Wealth Enhancement Advisory Services added $679K (+76.2%)
- Assetmark added shares (+31.2% but value declined $9K due to price drop
- Farther Finance Advisors trimmed 69.2% ($442K reduction
- Net aggregate institutional buying $79.5M inflow vs $442K selling
Financial Impact
Three institutions accumulated $79.5M net new positions while one reduced holdings by 442K
Risk Factors
- 13F reporting lag is stale; positions may have been unwound
- Cluster is dominated by passive asset managers, not active managers
- One small seller is small, not a contrarian indicator
- No insider buying in the data to corroborate
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-YOU-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | Institutional Cluster | $45.62 | awaiting T+5 | — | — |
Oct 21, 2026 6d ago | Press Release | $45.14 | awaiting T+5 | — | — |
Sep 16, 2026 5w ago | 8-K | $40.67 $38.90 | ▼ −4.35% | ▼ −6.92% | — |
Sep 3, 2026 7w ago | Insider Cluster | $44.33 $42.24 | ▼ −4.71% | ▼ −3.51% | — |
Aug 7, 2026 11w ago | Insider Cluster | $51.21 $43.84 | ▼ −14.39% | ▼ −14.35% | — |
Aug 5, 2026 11w ago | 8-K | $56.46 $46.16 | ▼ −18.24% | ▼ −18.59% | — |
Aug 5, 2026 11w ago | Press Release | $56.46 $46.16 | ▼ −18.24% | ▼ −18.59% | — |
Jul 30, 2026 12w ago | 3 | $55.24 $51.29 | ▼ −7.15% | ▼ −10.66% | — |
Jul 17, 2026 14w ago | Insider Cluster | $57.18 $52.24 | ▼ −8.64% | ▼ −8.21% | — |
Jul 15, 2026 14w ago | Insider Cluster | $54.43 $51.85 | ▲ +4.74% | ▲ +3.07% | — |
US Market Status
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