Adtran
ADTN
140 hedge funds and large institutions have $807M invested in Adtran in 2018 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 49 increasing their positions, 45 reducing their positions, and 18 closing their positions.
17% more capital invested
Capital invested by funds: $690M → $807M (+$116M)
9% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 45
1.13% less ownership
Funds ownership: 96.99% → 95.85% (-1.1%)
3% less funds holding
Funds holding: 145 → 140 (-5)
11% less call options, than puts
Call options by funds: $2.24M | Put options by funds: $2.51M
22% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$4.53M |
| 2 |
BlackRock
New York
|
+$3.16M |
| 3 |
Millennium Management
New York
|
+$2.98M |
| 4 |
PM
Precept Management
Dallas,
Texas
|
+$2.56M |
| 5 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
+$2.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
SG Capital Management
Chicago,
Illinois
|
-$5.79M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$5.65M |
| 3 |
Morgan Stanley
New York
|
-$3.62M |
| 4 |
Two Sigma Investments
New York
|
-$3.12M |
| 5 |
Nordea Investment Management
Stockholm,
Sweden
|
-$2.93M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Walleye Trading
New York
| – | -$460K | -27,547 | Closed |
|
152
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
| – | -$385K | -25,900 | Closed |
|
|
SCC
153
Spring Creek Capital
Wichita,
Kansas
| – | -$189K | -12,758 | Closed |
|
154
Wolverine Trading
Chicago,
Illinois
| – | -$193K | -12,398 | Closed |
|
155
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$3K | -202 | Closed |
|
|
PCM
156
Prelude Capital Management
New York
| – | -$2K | -168 | Closed |
|
|
CAG
157
Csenge Advisory Group
Clearwater,
Florida
| – | +$184 | +11 | New |
|
ADTN Hedge Fund Activity: Q3 2018 in Review
140 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Adtran (ADTN) for Q3 2018, worth a combined $807M — up 17% from $690M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of ADTN and 14 opened new positions — a net loss of 4 holders — while 45 trimmed existing stakes and 49 added.
The largest buyer was Kennedy Capital Management, adding an estimated $4.53M. The largest seller was SG Capital Management, exiting entirely with an estimated $5.79M sold.
- 140 institutional investors held Adtran (ADTN) as of Q3 2018, down from 145 in Q2 2018.
- Funds reported $807M of Adtran stock for Q3 2018, up 17% quarter-over-quarter.
- 14 funds opened new Adtran positions in Q3 2018 and 18 closed out, a net change of -4 holders.
- The largest Adtran buyer in Q3 2018 was Kennedy Capital Management, an estimated $4.53M added.
- The largest Adtran seller in Q3 2018 was SG Capital Management, an estimated $5.79M sold.
Based on aggregated 13F filings for Q3 2018.