LFST LifeStance Health Group, Inc.
Executive Summary
A mixed institutional cluster in LFST for Q3 2025: 9 buyers (net +$153.8M) led by mega-passive funds BlackRock and Fidelity, alongside several active managers, while 6 sellers (net -$51.7M) included quant funds D.E. Shaw and Citadel near-exiting, and Wellington fully exiting. The buying is dominated by passive/index rebalancing, reducing the signal's conviction, while the selling by sophisticated quants and a large active manager suggests caution.
Key Financial Metrics
Institutional Positions
Net institutional flow: $102.1M
▲ Buyers (9)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| BlackRock | ADD | +43.8% | $96.1M | $33.3M |
| Fidelity | ADD | +29.4% | $214.5M | $58.7M |
| Franklin Resources | DOUBLED | +767% | $4.6M | $4.1M |
| Nuveen | DOUBLED | +403.3% | $15.7M | $12.7M |
▼ Sellers (6)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| D.E. Shaw | NEAR_EXIT | -95.4% | $1.7M | -$1.6M |
| Citadel | NEAR_EXIT | -93.3% | $7.3M | -$6.8M |
| Wellington Management Group | EXIT | -100% | $23.6M | -$23.6M |
Actionable Insight
The cluster is directionally bullish on a net dollar basis, but the buying is heavily weighted toward passive funds, while the selling includes high-conviction exits by quants and a large active manager. Traders should watch for follow-through buying by active managers in Q4 13F filings; the passive buying alone is insufficient to drive sustained upside. Monitor for any fundamental catalyst (e.g., earnings beat or guidance raise) that could explain the active manager doubling.
Key Facts
- 9 institutional buyers added $153.8M in net new value, bringing total buyer holdings to $431.0M.
- 6 institutional sellers reduced holdings by $51.7M, with Wellington Management exiting a $23.6M position entirely.
- Quant funds D.E. Shaw and Citadel each cut positions by >93%, signaling a sharp reduction in conviction.
- Mega-passive funds (BlackRock, Fidelity, UBS) accounted for the bulk of buying ($94.2M of the $153.8M net), likely reflecting index rebalancing rather than active conviction.
- Active managers Franklin Resources and Nuveen both doubled their positions, adding $4.1M and $12.7M respectively.
Financial Impact
Net institutional buying of approximately $102.1M (buyers added $153.8M, sellers reduced by $51.7M).
Risk Factors
- Passive buying may reverse if LFST is removed from or reweighted in indices.
- Quant and active manager selling suggests sophisticated capital is skeptical of current valuation.
- 13F data is 45+ days stale; positions may have been unwound since quarter-end.
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-LFST-2025-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
3d ago
|
Institutional Cluster
| $8.34 awaiting T+5 | awaiting T+5 | — | — |
|
May 12, 2026
4w ago
|
8-K
| $8.10 $7.73 | ▼ −4.57% | ▼ −3.41% | — |
|
May 12, 2026
4w ago
|
Insider Cluster
| $7.65 $7.39 | ▲ +3.40% | ▲ +4.36% | — |
|
May 8, 2026
5w ago
|
Press Release
| $7.70 $7.89 | ▼ −2.47% | ▼ −1.00% | — |
|
May 7, 2026
5w ago
|
Press Release
| $7.70 $7.89 | ▲ +2.47% | ▲ +1.00% | — |
|
Apr 24, 2026
7w ago
|
144
| $7.27 $7.27 | · 0.00% | ▼ −0.40% | — |
|
Apr 16, 2026
8w ago
|
Press Release
| $6.89 $7.05 | ▲ +2.32% | ▲ +1.77% | — |
|
Mar 2, 2026
15w ago
|
Insider Cluster
| $7.14 $6.91 | ▼ −3.22% | ▼ −2.01% | — |
|
Mar 2, 2026
15w ago
|
Insider Cluster
| $7.14 $6.91 | ▼ −3.22% | ▼ −2.01% | — |
|
Mar 2, 2026
15w ago
|
Insider Cluster
| $7.14 $6.91 | ▼ −3.22% | ▼ −2.01% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access