SAIL SailPoint, Inc.
Executive Summary
A cluster of four mega-passive institutional investors (State Street, Wells Fargo, BofA, Morgan Stanley) added $20.0M in SAIL positions during Q3 2025, while Fidelity made a near-exit sale of $26.4M. The buying is dominated by passive/index fund rebalancing, not active conviction, and the net aggregate change is slightly negative (-$6.4M). This is a routine quarterly rebalancing pattern with no strong directional signal.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$6.4M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| State Street | ADD | +32.3% | $22.6M | $4.9M |
| Wells Fargo | DOUBLED | +125.3% | $444.0K | $240.0K |
| BofA | DOUBLED | +124.1% | $24.6M | $13.3M |
| Morgan Stanley | ADD | +32% | $7.4M | $1.6M |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Fidelity | NEAR_EXIT | -85.9% | $30.5M | -$26.4M |
Actionable Insight
The cluster is dominated by passive rebalancing with no active manager participation. Fidelity's near-exit is the largest move but likely reflects index weight adjustments, not a fundamental thesis. Monitor for active manager 13F filings (e.g., hedge funds, activists) in subsequent quarters for a more meaningful signal.
Key Facts
- 4 buyers added $20.0M in aggregate, led by BofA (doubled to $24.6M) and State Street (added $4.9M to $22.6M)
- 1 seller (Fidelity) reduced by $26.4M, exiting 85.9% of its position
- All 5 institutions are mega-passive managers, suggesting index rebalancing rather than active thesis-driven trading
- Net aggregate change across the cluster is -$6.4M (more sold than bought)
Financial Impact
Net institutional flow of -$6.4M across 5 mega-passive managers; buying total $20.0M vs selling total $26.4M
Risk Factors
- 13F data is 45+ days stale; positions may have already been reversed
- Passive fund flows are mechanical and carry less signal than active manager moves
- Fidelity's large exit could indicate a broader passive rebalancing trend
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-SAIL-2025-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 12, 2026
2d ago
|
ANALYST-DOWNGRADE
| $14.40 awaiting T+5 | awaiting T+5 | — | — |
|
Jun 11, 2026
3d ago
|
Institutional Cluster
| $14.71 awaiting T+5 | awaiting T+5 | — | — |
|
Jun 9, 2026
5d ago
|
8-K
| $15.21 awaiting T+5 | awaiting T+5 | — | — |
|
Jun 9, 2026
5d ago
|
Press Release
| $17.69 awaiting T+5 | awaiting T+5 | — | — |
|
May 29, 2026
17d ago
|
ANALYST-UPGRADE
| $20.98 $20.66 | ▼ −1.53% | ▼ −3.09% | — |
|
May 25, 2026
20d ago
|
ANALYST-UPGRADE
| $15.01 $16.55 | ▲ +10.26% | ▲ +8.66% | — |
|
May 8, 2026
5w ago
|
8-K
| $11.77 $14.59 | ▲ +23.96% | ▲ +24.04% | — |
|
Apr 28, 2026
6w ago
|
ANALYST-UPGRADE
| $11.57 $12.15 | ▲ +5.01% | ▲ +1.90% | — |
|
Apr 24, 2026
7w ago
|
DEFA14A
| $11.87 $12.15 | ▲ +2.36% | ▲ +1.96% | — |
|
Apr 8, 2026
9w ago
|
144
| $12.41 $11.76 | ▼ −5.24% | ▼ −8.75% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access