Adtran
ADTN
146 hedge funds and large institutions have $1.04B invested in Adtran in 2015 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 60 increasing their positions, 42 reducing their positions, and 15 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 42
40% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 15
4% more funds holding
Funds holding: 141 → 146 (+5)
16% less capital invested
Capital invested by funds: $1.24B → $1.04B (-$195M)
34% less call options, than puts
Call options by funds: $2.59M | Put options by funds: $3.91M
100% less funds holding in top 10
Funds holding in top 10: 3 → 0 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$13M |
| 2 |
LCP
Lombardia Capital Partners
Pasadena,
California
|
+$10.4M |
| 3 |
Two Sigma Investments
New York
|
+$8.81M |
| 4 |
CI
Cambiar Investors
Denver,
Colorado
|
+$6.71M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$6.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
-$22.4M |
| 2 |
SCM
SG Capital Management
Chicago,
Illinois
|
-$21.5M |
| 3 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$19.6M |
| 4 |
VOYA Investment Management
Atlanta,
Georgia
|
-$11.6M |
| 5 |
RA
Royce & Associates
New York
|
-$6.81M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RJA
151
Raymond James & Associates
St Petersburg,
Florida
| – | -$669K | -30,693 | Closed |
|
|
MC
152
Menta Capital
San Francisco,
California
| – | -$374K | -17,134 | Closed |
|
|
LIM
153
Leavell Investment Management
Mobile,
Alabama
| – | -$373K | -17,100 | Closed |
|
154
Capital Fund Management (CFM)
Paris,
France
| – | -$349K | -16,000 | Closed |
|
155
Citadel Advisors
Miami,
Florida
| – | -$321K | -15,078 | Closed |
|
156
SG Americas Securities
New York
| – | -$286K | -13,125 | Closed |
|
|
1CM
157
1492 Capital Management
Milwaukee,
Wisconsin
| – | -$250K | -11,453 | Closed |
|
158
American Century Companies
Kansas City,
Missouri
| – | -$247K | -11,344 | Closed |
|
|
GMIM
159
General Motors Investment Management
New York
| – | -$206K | -9,470 | Closed |
|
160
Parallax Volatility Advisers
San Francisco,
California
| – | -$11.6K | -546 | Closed |
|
|
NPC
161
National Planning Corporation
El Segundo,
California
| – | -$5.38K | -250 | Closed |
|
ADTN Hedge Fund Activity: Q1 2015 in Review
146 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Adtran (ADTN) for Q1 2015, worth a combined $1.04B — down 16% from $1.24B a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new ADTN positions and 15 closed out — a net gain of 6 holders — while 60 added to existing stakes and 42 trimmed.
The largest buyer was DePrince Race & Zollo Inc (DRZ), adding an estimated $13M. The largest seller was Kornitzer Capital Management, cutting an estimated $22.4M.
- 146 institutional investors held Adtran (ADTN) as of Q1 2015, up from 141 in Q4 2014.
- Funds reported $1.04B of Adtran stock for Q1 2015, down 16% quarter-over-quarter.
- 21 funds opened new Adtran positions in Q1 2015 and 15 closed out, a net change of +6 holders.
- The largest Adtran buyer in Q1 2015 was DePrince Race & Zollo Inc (DRZ), an estimated $13M added.
- The largest Adtran seller in Q1 2015 was Kornitzer Capital Management, an estimated $22.4M sold.
Based on aggregated 13F filings for Q1 2015.