PL Planet Labs PBC
Executive Summary
Three mega-passive funds (Fidelity, T. Rowe Price, Wells Fargo) increased PL holdings by $22.1M, while two other mega-passive funds (Morgan Stanley, Bank of America) trimmed $5.5M in shares (though dollar values rose on price appreciation). The cluster is entirely passive/index-driven with no active-manager conviction, yielding a neutral outlook.
Key Financial Metrics
Institutional Positions
Net institutional flow: $27.6M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Fidelity | DOUBLED | +410.5% | $23.0M | $20.9M |
| T. Rowe Price | DOUBLED | +1733.3% | $25.0K | $25.0K |
| Wells Fargo | ADD | +29.2% | $1.9M | $1.2M |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Morgan Stanley | TRIM | -39.9% | $18.3M | $5.1M |
| BofA | TRIM | -50.8% | $8.2M | $387.0K |
Actionable Insight
Passive rebalancing dominates this cluster; no active-manager thesis emerges. Monitor for fundamental catalysts or activist involvement that could drive active conviction. The historical negative T+20 alpha (-2.27%) on this segment suggests limited edge from 13F copycat trading.
Key Facts
- Fidelity DOUBLED its PL position (+410.5% shares) to $23.0M, adding $20.9M.
- T. Rowe Price DOUBLED from a de minimis base (+1733.3%) to $25K.
- Wells Fargo ADDED 29.2% to $1.9M.
- Morgan Stanley trimmed 39.9% of shares but position value rose to $23.4M (+$5.1M).
- Bank of America trimmed 50.8% of shares but position value rose to $8.6M (+$387K).
Financial Impact
Net of buyer adds ($22.1M) and seller trims (whose dollar values rose $5.5M on price appreciation), total position value increased ~$27.6M. All activity from passive/index funds.
Risk Factors
- Passive flows are mechanical and may reverse each quarter-end.
- No active manager participation reduces signal quality.
- Stock price appreciation may have attracted passive inflows, creating a self-reinforcing loop.
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-PL-2025-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
3d ago
|
Institutional Cluster
| $31.77 awaiting T+1 | awaiting T+1 | — | — |
|
Jun 5, 2026
9d ago
|
8-K
| $39.95 awaiting T+1 | awaiting T+1 | — | — |
|
Jun 5, 2026
9d ago
|
424B5
| $41.56 awaiting T+1 | awaiting T+1 | — | — |
|
Jun 5, 2026
9d ago
|
S-3ASR
| $42.50 awaiting T+1 | awaiting T+1 | — | — |
|
Jun 5, 2026
9d ago
|
10-K/A
| $41.50 awaiting T+1 | awaiting T+1 | — | — |
|
Jun 4, 2026
10d ago
|
8-K
| $44.97 awaiting T+1 | awaiting T+1 | — | — |
|
May 29, 2026
16d ago
|
DEFA14A
| $51.14 $46.46 | ▼ −9.15% | ▼ −9.43% | — |
|
May 4, 2026
5w ago
|
8-K
| $37.13 $39.69 | ▲ +6.89% | ▲ +5.51% | — |
|
Apr 27, 2026
6w ago
|
25-NSE
| $23.71 $23.71 | · 0.00% | ▲ +0.49% | — |
|
Apr 15, 2026
8w ago
|
144
| — | awaiting T+1 | — | — |
US Market Status
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