JOUT JOHNSON OUTDOORS INC
Executive Summary
A mixed institutional cluster in JOUT for 2024-Q3 shows 6 buyers adding $4.0M in net new holdings (led by Citadel and Russell Investments) against 4 sellers trimming $1.2M (led by Rhumbline Advisers and D.E. Shaw). The net buying of $2.8M is modest relative to the stock's float, and the cluster is dominated by asset managers and quants rather than activist or high-conviction funds, suggesting a tactical or rebalancing thesis rather than a strong catalyst-driven bet. Historical model calls on JOUT have performed very poorly (0% win rate at T+20, avg -9.0%), warranting a cautious calibration.
Key Financial Metrics
Institutional Positions
Net institutional flow: $2.8M
▲ Buyers (6)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Citadel | DOUBLED | +189.7% | $2.1M | $1.4M |
| Russell Investments Group | ADD | +48.5% | $6.6M | $2.3M |
| Ameriprise Financial | ADD | +32.6% | $1.2M | $325.0K |
▼ Sellers (4)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Rhumbline Advisers | TRIM | -60.8% | $852.0K | -$506.2K |
| D.E. Shaw | TRIM | -59.3% | $595.0K | -$344.5K |
| Legal & General Group | NEAR_EXIT | -86.8% | $122.0K | -$105.0K |
Actionable Insight
The mixed cluster with modest net buying and no activist involvement suggests limited near-term catalyst. Given the stock's poor historical performance following model calls, traders should wait for a clearer fundamental catalyst (e.g., earnings inflection, new product cycle) before taking a directional position. Monitor upcoming 10-Q for revenue and margin trends.
Key Facts
- 6 institutional buyers added $4.0M in net new holdings; 4 sellers reduced by $1.2M
- Citadel doubled its position (+189.7%) to $2.1M, the largest buyer by dollar value
- Russell Investments Group added +48.5% to $6.6M, the largest holder among buyers
- Rhumbline Advisers trimmed -60.8% (-$506K), the largest seller by dollar value
- D.E. Shaw trimmed -59.3% (-$345K), and Legal & General nearly exited (-86.8%)
- No activist or high-conviction hedge funds are present; cluster is asset managers and quants
- Historical model calls on JOUT have a 0% win rate at T+20 with avg -9.0% return
Financial Impact
Net institutional buying of approximately $2.8M (6 buyers adding $4.0M vs 4 sellers reducing $1.2M) across 10 funds in Q3 2024
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Historical model calls on JOUT have been highly inaccurate (0% win rate at T+20)
- No high-conviction activist or value fund involvement weakens the signal
- Small dollar amounts relative to float may not drive price action
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-JOUT-2024-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 12, 2026
8d ago
|
Institutional Cluster
| $46.80 $46.46 | ▼ −0.73% | ▼ −2.49% | — |
|
May 29, 2026
22d ago
|
8-K
| $44.76 $44.31 | ▼ −1.01% | ▼ −1.26% | — |
|
May 29, 2026
22d ago
|
Press Release
| $44.76 $44.31 | ▼ −1.01% | ▼ −1.26% | — |
|
May 8, 2026
6w ago
|
8-K
| $51.41 $44.82 | ▼ −12.82% | ▼ −13.05% | — |
|
May 8, 2026
6w ago
|
Press Release
| $51.41 $44.82 | ▼ −12.82% | ▼ −13.05% | — |
|
Apr 24, 2026
8w ago
|
Press Release
| $51.60 $52.60 | ▲ +1.94% | ▲ +1.77% | — |
|
Mar 4, 2026
15w ago
|
8-K
| $46.52 $45.47 | ▼ −2.26% | ▼ −0.95% | — |
|
Feb 27, 2026
16w ago
|
8-K
| $48.18 $48.90 | ▲ +1.48% | ▲ +1.43% | — |
|
Feb 23, 2026
16w ago
|
Insider Cluster
| $49.49 $50.18 | ▲ +1.39% | ▲ +0.65% | — |
US Market Status
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