KODK EASTMAN KODAK CO
Executive Summary
Four institutional investors, led by quant funds D.E. Shaw, Citadel, and Two Sigma, significantly increased their KODK positions in Q3 2025, with aggregate buying of $6.7M overwhelming a single $284K trim by Morgan Stanley. The cluster is dominated by active quant managers, suggesting a shared thesis around a catalyst or undervaluation rather than passive rebalancing.
Key Financial Metrics
Institutional Positions
Net institutional flow: $6.4M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| D.E. Shaw | DOUBLED | +1091.6% | $1.5M | $1.3M |
| Citadel | ADD | +82.8% | $4.7M | $2.4M |
| Two Sigma | DOUBLED | +199.6% | $2.6M | $1.8M |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Morgan Stanley | TRIM | -28% | $1.6M | -$284.1K |
Actionable Insight
The concentrated buying by three quant funds (D.E. Shaw, Citadel, Two Sigma) suggests a data-driven catalyst thesis — possibly mean-reversion, earnings momentum, or a pending event. Monitor for a 13D filing or material news within 60 days. The 45-day 13F lag means positions may have been adjusted since quarter-end.
Key Facts
- 4 institutional buyers vs 1 seller in Q3 2025
- Aggregate buying: $6.7M net inflow into KODK
- D.E. Shaw DOUBLED its position (+1,092% shares, $1.3M added)
- Two Sigma DOUBLED (+200% shares, $1.8M added)
- Citadel ADDED 82.8% ($2.4M added)
- Only seller: Morgan Stanley trimmed 28% ($284K reduction)
- 3 of 4 buyers are quant/active managers, 1 is mega-passive (UBS)
Financial Impact
4 institutions accumulated $6.7M in new KODK positions while 1 reduced holdings by $284K, for a net inflow of approximately $6.4M
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound
- KODK has a small market cap ($948M) and low liquidity — institutional moves may have outsized price impact
- Historical calibration shows negative average alpha (-2.04%) for this segment at T+20
- Prior neutral calls on KODK had mixed outcomes (avg T+20 +7.27% but high variance)
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-KODK-2025-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
1d ago
|
Institutional Cluster
| $9.69 awaiting T+20 | awaiting T+20 | — | — |
|
May 7, 2026
5w ago
|
8-K
| $11.41 $9.06 | ▼ −20.60% | ▼ −20.62% | — |
|
Apr 9, 2026
9w ago
|
DEFA14A
| $12.28 $14.51 | ▲ +18.16% | ▲ +10.59% | — |
US Market Status
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