INSTITUTIONAL HOLDINGS

13F filings with QoQ position actions + concentration register.

1. STEP 01 / 04

   Concentration register — HEAVY / BALANCED / DIFFUSE

   How much of the float is held by institutions, and how concentrated. HEAVY (top-10 holders > 50% of inst-owned float) = squeeze risk on redemption flows. DIFFUSE = liquidity buffer; lower volatility around forced selling.

2. STEP 02 / 04

   Holder rows + QoQ position actions

   Each row: holder name, shares, % of portfolio, % of float, action chip (NEW / ADD / TRIM / SOLD OUT). NEW positions from large funds = conviction signal; SOLD OUT clusters = narrative break.

3. STEP 03 / 04

   Watch the smart-money names

   Tier-1 names (Tiger, Coatue, Baillie Gifford, Citadel sub-funds, etc.) carry information weight. Quant funds (Renaissance, Two Sigma, AQR) tend to noise — they trade thousands of names mechanically. Filter to fundamental funds for signal.

4. STEP 04 / 04

   Quarterly cadence — 45-day reporting lag

   13F filings due 45 days after quarter-end. Today's holdings reflect the quarter ending 45 days ago. Useful for trend reads, not short-term tactical calls. Pair with INSIDER (real-time) for current state.

   PaletteINSIDER