Risk-Factor Changes — sortable
rptcik 1638555 — top 30 common-stock long positions (Q1'26 13F) · 24 companies · FY2025 10-Ks, filed Feb–May 2026
WHAT IT MEANS The movers cluster into clear themes. M&A and corporate actions drive the heaviest rewrites: COMP rebuilt its whole risk profile around the Anywhere merger (16 new, 22 deleted), NRG added integration risk for its 13 GW LSP gas acquisition, and ETN flagged its planned Mobility spin-off with eight new factors. Convertible-note and leverage mechanics recur at DOCN, SEI, XMTR, AEIS and BBIO. Most-favored-nation drug-pricing is the shared thread at the specialty-pharma names INSM and BBIO, while AI risk factors newly appeared at CVNA, GH, NTRA, IONS and MKSI. Trade policy and export controls drove the rewrites at LSCC and LNG. Genuine red flags are rarer — WGS newly disclosed a material weakness in IT controls. Net: the churn is mostly transactional and policy-driven, not operational deterioration.
Composition of the current risk section:
new
major rewrite
moderate
minor
unchanged
· D = deleted (dropped from prior filing) · click a column to sort
| Ticker |
Company |
Filed |
Change anatomy |
New |
Del |
Maj |
Mod |
Chg |
Tot |
What changed (top movers) |
Source: Verity (InsiderScore) SEC filing risk-factor change data. Item 1A diffs vs. the prior annual filing; counts classify each factor as new, deleted, or changed by magnitude (major/moderate/minor). Annotations summarize the actual new and major-rewritten factors for the eight largest movers. Not investment advice.
