SKWD Skyward Specialty Insurance Group, Inc.
Executive Summary
A mixed institutional cluster in SKWD for Q3 2024 shows 12 buyers accumulating $31.0M in new holdings (led by Citadel's new $12.9M position and Dimensional's $8.4M add) against 8 sellers reducing by $27.2M (led by Voya and Ameriprise trimming $6.8M and $6.5M respectively). The net buying of ~$3.8M is modest relative to the $58.5M total current holdings, and the cluster is dominated by active asset managers and quants rather than passive index funds, suggesting a genuine but contested thesis. Historical performance on SKWD reports shows poor T+20 outcomes (25% win rate, -4.11% avg return), warranting caution despite the cluster's active-manager tilt.
Key Financial Metrics
Institutional Positions
Net institutional flow: $3.8M
▲ Buyers (12)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Citadel | NEW | +0% | $12.9M | $12.9M |
| Dimensional Fund Advisors | ADD | +80.7% | $16.6M | $8.4M |
| D.E. Shaw | ADD | +27% | $14.9M | $4.5M |
| Russell Investments Group | ADD | +31.5% | $7.2M | $2.3M |
▼ Sellers (8)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Voya Investment Management | TRIM | -37.9% | $22.6M | -$6.8M |
| Ameriprise Financial | TRIM | -27.5% | $35.0M | -$6.5M |
| Norges Bank | TRIM | -51.9% | $9.4M | -$4.3M |
| Marshall Wace | TRIM | -38.8% | $10.2M | -$3.2M |
Actionable Insight
The mixed cluster with active-manager buying offset by significant trimming from large holders suggests no clear consensus. Monitor upcoming Q4 2024 13F filings to see if the buying cluster persists or reverses. The poor historical T+20 performance on SKWD reports (-4.11% avg) argues against aggressive positioning based on this cluster alone.
Key Facts
- 12 institutional buyers added $31.0M in new SKWD positions during Q3 2024
- 8 institutional sellers reduced holdings by $27.2M over the same period
- Net institutional buying was approximately $3.8M
- Citadel initiated a new $12.9M position, the largest single buyer
- Dimensional Fund Advisors added $8.4M, increasing its stake by 80.7%
- Ameriprise Financial trimmed $6.5M and Voya Investment Management cut $6.8M, the largest sellers
- Norges Bank reduced its position by 51.9%, selling $4.3M worth
- Active managers and quant funds dominate the buying side; passive/index fund activity is minimal
- Historical T+20 returns on SKWD reports have been negative (-4.11% avg) with a 25% win rate
Financial Impact
12 institutions accumulated $31.0M in new SKWD positions while 8 institutions reduced holdings by $27.2M, resulting in a net institutional inflow of approximately $3.8M during Q3 2024
Risk Factors
- 13F data has a 45-day reporting lag; positions may have been unwound since quarter-end
- Historical SKWD reports show negative T+20 returns (25% win rate), suggesting cluster signals have not been reliable
- Large sellers (Ameriprise, Voya, Marshall Wace) trimming substantial positions could indicate fundamental concerns not visible in the cluster data
- Net buying of only $3.8M is modest relative to total institutional holdings
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-SKWD-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 12, 2026
4d ago
|
Institutional Cluster
| $50.05 $49.25 | ▼ −1.60% | ▼ −3.36% | — |
|
Jun 11, 2026
5d ago
|
Institutional Cluster
| $50.80 $50.05 | ▼ −1.48% | ▼ −2.02% | — |
|
May 6, 2026
5w ago
|
8-K
| $45.51 $46.69 | ▲ +2.59% | ▲ +1.76% | — |
|
May 6, 2026
5w ago
|
Press Release
| $45.51 $45.51 | · 0.00% | ▼ −0.83% | — |
|
Mar 25, 2026
11w ago
|
DEFA14A
| $43.15 $43.26 | ▲ +0.25% | ▲ +2.02% | — |
|
Feb 27, 2026
15w ago
|
Insider Cluster
| $46.47 $48.58 | ▲ +4.54% | ▲ +4.49% | — |
|
Feb 27, 2026
15w ago
|
Insider Cluster
| $46.47 $48.58 | ▲ +4.54% | ▲ +4.49% | — |
|
Feb 27, 2026
15w ago
|
Insider Cluster
| $46.47 $48.58 | ▲ +4.54% | ▲ +4.49% | — |
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