DAR DARLING INGREDIENTS INC.
Executive Summary
An institutional cluster for Darling Ingredients (DAR) in Q3 2024 shows divergent activity: 27 buyers added $70.0M in new positions, while 17 sellers reduced holdings by $123.0M, resulting in net selling of $53.0M. Notable buyers include Point72 and Ing Groep (both doubling positions), while Citadel, Invesco, and Canada Pension Plan were major sellers. The mixed directional signal reflects both confidence from some active managers and significant profit-taking or risk reduction by others.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$53.0M
▲ Buyers (27)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Point72 | DOUBLED | +209.2% | $18.4M | $12.5M |
| Ing Groep | DOUBLED | +244.1% | $30.1M | $21.5M |
| Fil | ADD | +41.3% | $36.1M | $10.8M |
| Brown Brothers Harriman & | ADD | +53% | $36.7M | $13.0M |
| Prudential Financial | DOUBLED | +261.5% | $5.5M | $4.0M |
▼ Sellers (17)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Citadel | TRIM | -34.2% | $189.3M | -$63.3M |
| Invesco | TRIM | -35.7% | $42.4M | -$14.8M |
| Canada Pension Plan Investment | EXIT | -100% | $15.4M | -$15.4M |
| D.E. Shaw | NEAR_EXIT | -86.4% | $10.0M | -$8.6M |
| Soros | TRIM | -33.4% | $21.4M | -$7.0M |
Actionable Insight
The cluster shows divergent institutional conviction: large long-term asset managers are building positions while multi-strategy quant funds and a major pension fund are exiting. This suggests a catalyst-based bet (e.g., renewable diesel margins) that some managers now doubt. Monitor upcoming earnings for guidance on Darling's ingredient margins and Diamond Green Diesel (DGD) joint venture profitability, as that likely drives the thesis split.
Key Facts
- 27 institutional buyers added $70.0M to DAR positions in Q3 2024, bringing total buyer holdings to $152.8M
- 17 institutional sellers reduced holdings by $123.0M, with $63.3M from Citadel alone
- Net institutional flow was negative (selling $53.0M more than buying) despite three times as many buyers
- Point72 (quant) doubled its position to $18.4M; Ing Groep (asset manager) doubled to $30.1M
- Canada Pension Plan fully exited its $15.4M position; D.E. Shaw cut 86.4% to near exit
Financial Impact
27 buyers added $70.0M in new positions, while 17 sellers liquidated $123.0M, for a net institutional outflow of $53.0M
Risk Factors
- 13F data is 45+ days stale; current positions may have reversed
- Net selling by large holders (Citadel, Invesco) could indicate deteriorating fundamental outlook
- Historical high-score long calls on DAR recently underperformed, suggesting caution on bullish interpretations
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-DAR-2024-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 12, 2026
8d ago
|
Institutional Cluster
| $56.99 $56.12 | ▼ −1.53% | ▼ −3.29% | — |
|
Jun 11, 2026
9d ago
|
Institutional Cluster
| $57.00 $56.99 | ▼ −0.02% | ▼ −0.56% | — |
|
Apr 30, 2026
7w ago
|
8-K
| $64.23 $63.77 | ▼ −0.72% | ▼ −0.94% | — |
|
Mar 19, 2026
13w ago
|
DEFA14A
| $55.14 $56.46 | ▲ +2.39% | ▲ +1.29% | — |
|
Feb 25, 2026
16w ago
|
8-K
| $52.95 $53.16 | ▲ +0.40% | ▲ +0.85% | — |
US Market Status
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