Institutional Investors Recalibrate Positions in Corsair Gaming (6C2) Amid Analyst Reassessment

Shifting Market Expectations for 6C2

Recent analyst consensus has taken a more cautious stance on Corsair Gaming (MUN:6C2), with collective price projections being trimmed significantly. The one-year target now stands at 7.78 € per share, representing a pullback of 19.58% from the September 29, 2025 consensus of 9.67 €. Individual analyst forecasts vary considerably, spanning from 5.52 € on the lower end to 9.72 € on the upper end. Against the current market price of 5.36 €, the average target implies potential upside of 45.07%, suggesting that despite the downward revision, analysts still see room for appreciation from current levels.

Fund Positioning and Ownership Trends

The institutional landscape around 6C2 reveals mixed signals regarding conviction levels. A total of 397 funds and institutions maintain documented stakes in Corsair Gaming, though this figure decreased by 5 positions (1.24%) during the most recent quarter. The collective institutional allocation to 6C2 remains modest at 0.04% of average portfolio weight across all participating funds—an increase of 0.48%. However, the aggregate shareholding by institutional investors slipped 0.94% to 48,429K shares over the three-month period.

Major Stakeholder Activity

The iShares Core S&P Small-Cap ETF (IJR) remains the largest institutional holder with 2,712K shares (2.54% ownership). While the fund’s absolute position decreased from 2,833K shares—a 4.47% reduction—it paradoxically increased its 6C2 allocation within its overall portfolio by 1.01%, suggesting a strategic reweighting despite smaller absolute holdings.

Massachusetts Financial Services moved in the opposite direction, expanding its stake from 2,513K to 2,642K shares (2.48% ownership), a 4.87% increase in absolute terms. Yet counterintuitively, the fund reduced its relative portfolio weighting in 6C2 by 2.94%, indicating the increase occurred within a larger portfolio expansion.

Palisade Capital Management holds the third-largest position at 2,325K shares (2.18% of the company), down marginally from 2,349K shares in the prior quarter (1.03% decrease). More notably, the fund substantially cut back its portfolio allocation to 6C2 by 10.19%, signaling reduced conviction.

The Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) maintained its 1,520K share position (1.43% ownership) with no movement during the quarter, reflecting the passive nature of index funds.

Perhaps most intriguingly, the MFS New Discovery Fund A (MNDAX) nearly doubled its position from 728K to 1,364K shares (1.28% ownership), representing a 46.61% increase. This fund simultaneously expanded its portfolio weight in 6C2 by 46.43%, suggesting aggressive accumulation despite the broader retreat among other major holders.

What This Means for 6C2 Investors

The divergence in fund behavior—with some scaling back while others aggressively add—reflects uncertainty around Corsair Gaming’s near-term trajectory. The 19.58% downward revision in the price target reflects recalibrated expectations, yet the 45% upside from current prices suggests potential value opportunities for those with longer investment horizons.