Adtran
ADTN
155 hedge funds and large institutions have $495M invested in Adtran in 2019 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 60 increasing their positions, 47 reducing their positions, and 24 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 47
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.95% less ownership
Funds ownership: 92.28% → 91.33% (-0.95%)
8% less funds holding
Funds holding: 168 → 155 (-13)
26% less capital invested
Capital invested by funds: $673M → $495M (-$177M)
50% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 24
86% less call options, than puts
Call options by funds: $1.09M | Put options by funds: $7.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
+$4.44M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
+$3.6M |
| 3 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$3.17M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$1.98M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$5.63M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$5.57M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$5.46M |
| 4 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$2.85M |
| 5 |
Morgan Stanley
New York
|
-$2.11M |
ADTN Hedge Fund Activity: Q3 2019 in Review
155 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Adtran (ADTN) for Q3 2019, worth a combined $495M — down 26% from $673M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of ADTN and 12 opened new positions — a net loss of 12 holders — while 47 trimmed existing stakes and 60 added.
The largest buyer was D.E. Shaw & Co, adding an estimated $4.44M. The largest seller was Millennium Management, cutting an estimated $5.63M.
- 155 institutional investors held Adtran (ADTN) as of Q3 2019, down from 168 in Q2 2019.
- Funds reported $495M of Adtran stock for Q3 2019, down 26% quarter-over-quarter.
- 12 funds opened new Adtran positions in Q3 2019 and 24 closed out, a net change of -12 holders.
- The largest Adtran buyer in Q3 2019 was D.E. Shaw & Co, an estimated $4.44M added.
- The largest Adtran seller in Q3 2019 was Millennium Management, an estimated $5.63M sold.
Based on aggregated 13F filings for Q3 2019.