GPRO GoPro, Inc.
Executive Summary
A bearish institutional cluster in GoPro—six sellers (including quant funds RenTech and Two Sigma, plus active asset managers) against a single buyer (UBS, a mega-passive fund). Net conviction is clearly distribution by active and smart-money holders, with only a passive index rebalancer adding shares. Trading at a $137M market cap and with zero analyst buy ratings, the selling reflects deteriorating fundamentals and lack of institutional conviction.
Key Financial Metrics
Institutional Positions
▲ Buyers (1)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| UBS | DOUBLED | +567.4% | $3.0M | $2.8M |
▼ Sellers (6)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Two Sigma | TRIM | -58.1% | $1.2M | -$203.0K |
| Renaissance Technologies | TRIM | -44.5% | $938.0K | -$519.0K |
| Dimensional Fund Advisors | TRIM | -44% | $653.0K | -$371.0K |
| Morgan Stanley | TRIM | -34.7% | $334.0K | -$276.0K |
| Ameriprise Financial | TRIM | -42.9% | $165.0K | -$99.0K |
| T. Rowe Price | TRIM | -57.1% | $170.00 | -$36.00 |
Actionable Insight
The near-unanimous trimming by quant and active managers suggests fundamental deterioration not captured by passive rebalancing. With only $137M market cap and zero analyst buy ratings, further institutional exit would likely pressure the stock. Monitor next 10-Q for revenue/unit-sales trends; any miss would accelerate the distribution. The historical calibration shows a net -2.84% alpha in this segment, but this cluster is unusually one-sided — treat as a continuation signal for bearish momentum.
Key Facts
- 6 institutions reduced positions vs 1 buyer (UBS) in 2025-Q3
- Renaissance Technologies cut 44.5% of its stake (687.3K shares remaining)
- Two Sigma trimmed 58.1% (648.5K shares remaining)
- Dimensional Fund Advisors cut 44.0% (482.8K shares remaining)
- UBS doubled its tiny position to $3.0M but was the only net buyer — likely passive index rebalancing
- Aggregate buying was $2.8M net new value vs aggregate selling of $1.5M in value change (though sellers reduced 3.1M shares total)
- 0% of analysts rate the stock a Buy; 4 Sell/Strong Sell ratings
- Market cap is just $137M — a micro-cap with limited institutional sponsorship
Financial Impact
6 institutional sellers reduced holdings by a combined 3.1M shares (quant funds alone cut ~1.45M shares), while one passive buyer added 1.2M shares. Net selling by active/quant managers vs a single passive rebalance is a strong distribution signal.
Risk Factors
- UBS's doubling to $3.0M could attract copycat buyers if it triggers a 13F novelty effect
- GoPro at micro-cap levels could be a squeeze candidate on low liquidity
- Historical T+20 performance on prior GPRO reports shows extreme negative alpha (-56.9% avg) — bearish reads have been directionally correct, but the magnitude risk is already priced
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-GPRO-2025-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
1d ago
|
Institutional Cluster
| $0.7770 awaiting T+1 | awaiting T+1 | — | — |
|
Jun 3, 2026
10d ago
|
EFFECT
| $1.05 $1.00 | ▲ +4.31% | ▲ +4.71% | — |
|
Jun 1, 2026
12d ago
|
S-1/A
| $1.10 $1.15 | ▼ −4.09% | ▼ −3.95% | — |
|
Jun 1, 2026
12d ago
|
8-K
| $1.10 $1.15 | ▼ −4.09% | ▼ −3.95% | — |
|
May 22, 2026
21d ago
|
Insider Cluster
| $1.20 $1.27 | ▼ −5.42% | ▼ −5.46% | — |
|
May 20, 2026
23d ago
|
144
| $0.9900 $1.00 | ▼ −1.01% | ▼ −0.56% | — |
|
Apr 21, 2026
7w ago
|
DEFA14A
| $1.33 $1.29 | ▼ −3.01% | ▼ −2.61% | — |
|
Apr 7, 2026
9w ago
|
8-K
| $0.7700 $0.7400 | ▲ +3.90% | ▲ +4.47% | — |
|
Mar 20, 2026
12w ago
|
S-1
| $0.6650 $0.6520 | ▲ +1.95% | ▲ +1.60% | — |
|
Mar 5, 2026
14w ago
|
8-K
| $0.7600 $0.8030 | ▼ −5.66% | ▼ −4.81% | — |
US Market Status
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