Okta (OKTA) tops active ETF flow tracker with $142M in net buying
As seen on the 24/7 Wall St. homepage on September 18, 2026.
Active ETF managers are quietly crowding into the identity layer AI agents depend on, and Bloomberg's Balchunas says Okta tops his new flow tracker at $142 million in net buying.
Blue Horseshoe likes... Okta Inc, a cybersecurity stock that AI agents use for security/access). Our new tool that aggregates the daily buys/sells of 'big active' ETFs (an unprecedented transparency) shows that Okta has the highest combined net inflows ($142m) & impact score (43) https://t.co/nbsGyNOU5X
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Eric Balchunas, who covers ETFs for Bloomberg, flagged Okta as the top name in a new tool he built to aggregate the daily buying and selling activity of large active ETFs, a level of transparency he describes as unprecedented.
Okta led all stocks tracked by the tool with $142 million in combined net inflows and the highest impact score, meaning active ETF managers are collectively adding to the position right now.
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The underlying thesis, as Balchunas frames it, is that Okta sits at the identity and access layer that AI agents depend on to operate securely, making it a cybersecurity name with a direct connection to the AI infrastructure buildout.
Okta currently carries the strongest crowding reading in the entire tracker, and concentrated active buying tends to reinforce itself.
Mentioned: OKTA