The cluster is small in absolute dollar terms relative to ZTS's $70B+ market cap, suggesting no concentrated thesis. Monitor next 13F season for follow-through from Wealth Enhancement and Td Waterhouse — their doubling/quintupling could signal conviction, but the 45-day lag means positions may already be adjusted.
Executive Summary
Three asset managers accumulated $10.0M in Zoetis shares during Q3 2026, led by Wealth Enhancement Advisory Services doubling its position to $12.4M, while Congress Asset Management trimmed $1.2M. The cluster shows moderate bullish conviction from active managers, though the 45-day reporting lag and small absolute dollar amounts limit the signal's immediacy.
Key Financial Metrics
Institutional Positions
Net institutional flow: $8.8M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Wealth Enhancement Advisory Services | DOUBLED | +112.1% | $12.4M | $8.7M |
| Mather Group | ADD | +43.1% | $99.0K | $28.0K |
| Td Waterhouse Canada | DOUBLED | +397% | $1.7M | $1.3M |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Congress Asset Management | TRIM | -68% | $1.7M | -$1.2M |
Key Facts
- 3 buyers added $10.0M in net new positions vs 1 seller reducing $1.2M
- Wealth Enhancement Advisory Services doubled its stake from $3.7M to $12.4M (+112.1%)
- Td Waterhouse Canada nearly quintupled its position from $354K to $1.7M (+397%)
- Congress Asset Management trimmed 68% of its holding, exiting $1.2M
- All tracked institutions are asset managers (active/passive mix), no activist or hedge fund involvement
Financial Impact
Net institutional accumulation of $8.8M across 4 tracked managers in Q3 2026
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound
- Small aggregate dollar amount ($8.8M net) relative to ZTS's market cap limits materiality
- No activist or hedge fund involvement reduces signal strength
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-ZTS-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | Institutional Cluster | $79.52 $80.97 | ▲ +1.82% | ▲ +1.97% | — |
Oct 13, 2026 13d ago | 8-K | $74.30 $80.04 | ▲ +7.73% | ▲ +8.88% | — |
Oct 8, 2026 18d ago | 8-K | $74.81 $79.38 | ▲ +6.11% | ▲ +8.08% | — |
Aug 6, 2026 11w ago | 8-K | $77.05 $75.76 | ▲ +1.67% | ▲ +2.89% | — |
May 20, 2026 22w ago | 8-K | $79.98 $77.65 | ▼ −2.91% | ▼ −4.76% | — |
May 13, 2026 23w ago | Insider Cluster | $75.24 $79.98 | ▲ +6.30% | ▲ +7.02% | — |
May 7, 2026 24w ago | 8-K | $87.24 $74.34 | ▲ +14.79% | ▲ +16.29% | — |
Apr 8, 2026 28w ago | DEFA14A | $119.65 $120.66 | ▲ +0.84% | ▼ −2.67% | — |
Feb 27, 2026 34w ago | Court Ruling | $127.51 $120.99 | ▲ +5.12% | ▲ +3.94% | — |
US Market Status
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