WBTN WEBTOON Entertainment Inc.
Executive Summary
Institutional activity in WBTN during Q3 2024 was mixed: two asset managers (Fil and Legal & General) added to positions totaling $22.3M in current value, while three sellers — including Citadel and Federated Hermes — fully exited or trimmed, removing $49.6M in combined value. The net selling pressure of ~$49.6M vs. buying of $22.3M suggests a cautious or thesis-reassessment quarter for the stock, though the buying by Fil (+55.9% shares) provides a notable counterweight.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$27.3M
▲ Buyers (2)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Fil | ADD | +55.9% | $22.3M | -$6.2M |
| Legal & General Group | ADD | +41.9% | $16.0K | -$6.6K |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Federated Hermes | EXIT | -100% | $32.1M | -$32.1M |
| Citadel | EXIT | -100% | $12.1M | -$12.1M |
| Pictet Asset Management Holdin | TRIM | -38.2% | $7.7M | -$5.3M |
Actionable Insight
The cluster shows a clear divergence: two full exits (Citadel, Federated Hermes) signal conviction selling, while Fil's large add suggests a contrarian or long-term thesis. Monitor upcoming Q4 13F filings to see if the selling trend continues or reverses. The stock's 50% analyst bullish rating and recent neutral-to-positive T+20 history (avg +3.1%) suggest the selling may be sector-rotation rather than fundamental deterioration.
Key Facts
- 2 institutional buyers added positions totaling $22.3M in current value; net buyer change was -$6.3M (driven by stock price decline).
- 3 institutional sellers reduced holdings by a net -$49.5M, including two full exits (Citadel and Federated Hermes).
- Fil (asset manager) added 698.5K shares (+55.9%), now holding 1.95M shares worth $22.3M.
- Federated Hermes fully exited a 1.41M-share position worth $32.1M at prior quarter-end.
- Citadel (quant) fully exited 530.8K shares worth $12.1M.
- Pictet Asset Management trimmed 38.2% of its position, reducing holdings from $7.7M to $2.4M.
- All activity is from Q3 2024 quarter-end data (45-day lag); positions may have changed since.
Financial Impact
Net institutional selling of ~$49.5M vs. buying of $22.3M, for a net outflow of ~$27.2M across 5 tracked funds.
Risk Factors
- 13F data is 45+ days old; current positions may differ materially.
- Two full exits by notable funds (Citadel, Federated Hermes) could indicate undisclosed negative catalysts.
- Net selling pressure of $27.2M may weigh on near-term sentiment despite buyer conviction.
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-WBTN-2024-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
3d ago
|
Institutional Cluster
| $11.64 awaiting T+20 | awaiting T+20 | — | — |
|
Apr 27, 2026
6w ago
|
Press Release
| $12.18 $12.11 | ▼ −0.57% | ▼ −6.04% | — |
|
Apr 22, 2026
7w ago
|
DEFA14A
| $11.87 $11.64 | ▼ −1.94% | ▼ −6.57% | — |
|
Apr 13, 2026
8w ago
|
8-K
| $11.30 $13.31 | ▲ +17.79% | ▲ +11.49% | — |
|
Mar 5, 2026
14w ago
|
8-K
| $10.38 $9.75 | ▼ −6.07% | ▼ −2.28% | — |
|
Mar 3, 2026
14w ago
|
Press Release
| $10.45 $9.79 | ▲ +6.27% | ▲ +1.85% | — |
US Market Status
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