CVRX CVRx, Inc.
Executive Summary
A bullish institutional cluster formed in CVRX during Q3 2024, with 6 buyers adding $897K in net new holdings versus 2 sellers trimming only $118K. The buying was dominated by active managers (Marshall Wace, Citadel, Dimensional Fund Advisors) all roughly doubling their positions, suggesting a shared thesis around the company's baroreflex activation therapy (BAROSTIM) commercial ramp. However, the cluster's small absolute dollar scale ($1.9M total holdings) and the stock's poor historical T+20 performance (-7.36% average on prior reports) temper conviction.
Key Financial Metrics
Institutional Positions
Net institutional flow: $779.0K
▲ Buyers (6)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Marshall Wace | DOUBLED | +180.4% | $1.0M | $524.0K |
| Citadel | DOUBLED | +193.9% | $386.0K | $207.0K |
| Dimensional Fund Advisors | DOUBLED | +135.4% | $378.0K | $160.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Strs Ohio | NEAR_EXIT | -88.6% | $126.0K | -$115.3K |
| Nisa Investment Advisors | NEAR_EXIT | -86.3% | $3.0K | -$2.3K |
Actionable Insight
The cluster is small in absolute dollars but notable for its unanimous active-manager direction. Monitor upcoming earnings for commercial traction updates on BAROSTIM NEO — the doubling by Marshall Wace and Citadel suggests informed capital betting on a catalyst. However, the stock's poor historical follow-through on prior reports warrants caution; consider waiting for a volume confirmation or earnings catalyst before acting.
Key Facts
- 6 institutional buyers added $897K in net new holdings during Q3 2024, while 2 sellers trimmed only $118K
- Marshall Wace doubled its position to 115.7K shares worth $1.0M, the largest buyer by value
- Citadel doubled to 43.8K shares ($386K), Dimensional Fund Advisors doubled to 42.9K shares ($378K)
- Both sellers (Nisa Investment Advisors, Strs Ohio) executed near-exit trims, reducing combined holdings by 86-89%
- Total institutional holdings in the cluster are small at $1.9M, representing a tiny fraction of CVRX's float
- Prior CVRX reports show an average T+20 loss of -7.36% with only 33% win rate, suggesting the stock has been difficult to time
Financial Impact
6 institutions accumulated $897K in new CVRX positions while 2 reduced holdings by $118K, for a net inflow of approximately $779K
Risk Factors
- Small absolute dollar amounts ($1.9M total) may not move the stock materially
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- CVRX has a history of poor post-report performance (-7.36% avg T+20, 33% win rate)
- No insider buying accompanies this cluster to confirm conviction
Market Snapshot
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-CVRX-2024-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
3d ago
|
Institutional Cluster
| $4.90 awaiting T+1 | awaiting T+1 | — | — |
|
Jun 9, 2026
5d ago
|
8-K
| $6.20 awaiting T+1 | awaiting T+1 | — | — |
|
Jun 9, 2026
5d ago
|
Press Release
| $6.20 awaiting T+1 | awaiting T+1 | — | — |
|
Jun 3, 2026
11d ago
|
3
| $5.88 $5.38 | ▼ −8.50% | ▼ −5.91% | — |
|
May 11, 2026
4w ago
|
8-K
| $5.27 $5.27 | · 0.00% | ▼ −0.54% | — |
|
Apr 27, 2026
6w ago
|
Press Release
| $7.48 $7.19 | ▼ −3.88% | ▼ −3.87% | — |
|
Apr 20, 2026
7w ago
|
DEFA14A
| $7.60 $7.98 | ▲ +5.00% | ▲ +3.98% | — |
|
Apr 13, 2026
8w ago
|
8-K
| $7.81 $7.72 | ▼ −1.15% | ▼ −2.36% | — |
|
Mar 2, 2026
15w ago
|
Insider Cluster
| $8.22 $8.18 | ▼ −0.49% | ▲ +0.43% | — |
|
Mar 2, 2026
15w ago
|
Insider Cluster
| $8.22 $8.18 | ▲ +0.49% | ▼ −0.43% | — |
US Market Status
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