REPL Replimune Group, Inc.
Executive Summary
In Q3 2025, four mega-passive institutions (Fidelity, Morgan Stanley, Invesco, UBS) increased their REPL holdings by a net $320K, while two sellers (Citadel and BofA) reduced by $6.3M. The cluster is dominated by passive rebalancing, not active conviction, and the net selling pressure outweighs buying, suggesting no strong shared bullish thesis.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$6.0M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Fidelity | DOUBLED | +247.5% | $5.7M | $2.1M |
| Morgan Stanley | ADD | +49.2% | $5.8M | -$2.8M |
| Invesco | ADD | +29.3% | $647.0K | -$462.0K |
| UBS | DOUBLED | +270.4% | $3.8M | $1.5M |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Citadel | TRIM | -56.7% | $2.6M | -$2.1M |
| BofA | NEAR_EXIT | -78.4% | $4.7M | -$4.2M |
Actionable Insight
The cluster shows no active-manager buying conviction; passive rebalancing dominates the buy side while a quant and a passive manager both sold heavily. Monitor for further insider selling (7 sells in 30d) and any catalyst-driven reversal. The net negative institutional flow suggests caution.
Key Facts
- 4 buyers added $15.9M in current holdings, net change +$320K
- 2 sellers reduced by $6.3M, led by BofA near-exit (-$4.2M) and Citadel trim (-$2.1M)
- All buyers are mega-passive/index funds (Fidelity, Morgan Stanley, Invesco, UBS) — low signal conviction
- Sellers include a quant fund (Citadel) and a passive manager (BofA), both reducing significantly
- Net institutional flow is negative: sellers removed $6.3M vs buyers added only $320K
Financial Impact
Net institutional selling of approximately $6.0M (sellers $6.3M minus buyers $0.32M)
Risk Factors
- Passive buying may reverse if index rebalancing ends
- Insider selling pattern (7 sells in 30d) aligns with institutional distribution
- Low analyst bullishness (8% buy rating) and small market cap ($699M) increase volatility
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-REPL-2025-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
2d ago
|
Institutional Cluster
| $8.46 awaiting T+5 | awaiting T+5 | — | — |
|
May 31, 2026
13d ago
|
Press Release
| $9.00 $9.47 | ▲ +5.22% | ▲ +7.97% | — |
|
May 30, 2026
14d ago
|
Press Release
| $9.00 $9.47 | ▲ +5.22% | ▲ +7.97% | — |
|
May 29, 2026
15d ago
|
8-K
| $8.69 $9.98 | ▲ +14.84% | ▲ +15.14% | — |
|
May 29, 2026
15d ago
|
Press Release
| $8.69 $9.98 | ▲ +14.84% | ▲ +15.14% | — |
|
May 20, 2026
23d ago
|
Insider Cluster
| $5.22 $8.69 | ▲ +66.48% | ▲ +64.63% | — |
US Market Status
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