Adtran
ADTN
153 hedge funds and large institutions have $1.23B invested in Adtran in 2014 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 44 increasing their positions, 75 reducing their positions, and 32 closing their positions.
9% less capital invested
Capital invested by funds: $1.35B → $1.23B (-$123M)
10% less funds holding
Funds holding: 170 → 153 (-17)
41% less repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 75
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
50% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 32
70% less call options, than puts
Call options by funds: $3.38M | Put options by funds: $11.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$14M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$13.6M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$9.21M |
| 4 |
VOYA Investment Management
Atlanta,
Georgia
|
+$9.13M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$7.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
-$22.6M |
| 2 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$13.2M |
| 3 |
TM
Tiger Management
New York
|
-$9.25M |
| 4 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$9.17M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$9.15M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HT
176
HAP Trading
New York
| – | -$273K | -11,194 | Closed |
|
177
Walleye Trading
New York
| – | -$247K | -10,896 | Closed |
|
|
PAM
178
Princeton Alpha Management
Princeton Junction,
New Jersey
| – | -$255K | -10,447 | Closed |
|
|
GIA
179
GHP Investment Advisors
Denver,
Colorado
| – | -$242K | -9,920 | Closed |
|
|
YMRC
180
Yorktown Management & Research Company
Forest,
Virginia
| – | -$239K | -9,800 | Closed |
|
|
JG
181
Jefferies Group
New York
| – | -$236K | -9,686 | Closed |
|
|
ARC
182
Absolute Return Capital
Boston,
Massachusetts
| – | -$147K | -6,008 | Closed |
|
183
Nomura Holdings
Tokyo,
Japan
| – | -$55K | -2,228 | Closed |
|
|
PMFA
184
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$7K | -303 | Closed |
|
|
QT
185
Quantbot Technologies
New York
| – | -$4K | -200 | Closed |
|
|
SSG
186
Summit Securities Group
New York
| – | -$5K | -200 | Closed |
|
ADTN Hedge Fund Activity: Q2 2014 in Review
153 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Adtran (ADTN) for Q2 2014, worth a combined $1.23B — down 9.1% from $1.35B a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of ADTN and 16 opened new positions — a net loss of 16 holders — while 75 trimmed existing stakes and 44 added.
The largest buyer was Royce & Associates, adding an estimated $14M. The largest seller was Kornitzer Capital Management, cutting an estimated $22.6M.
- 153 institutional investors held Adtran (ADTN) as of Q2 2014, down from 170 in Q1 2014.
- Funds reported $1.23B of Adtran stock for Q2 2014, down 9.1% quarter-over-quarter.
- 16 funds opened new Adtran positions in Q2 2014 and 32 closed out, a net change of -16 holders.
- The largest Adtran buyer in Q2 2014 was Royce & Associates, an estimated $14M added.
- The largest Adtran seller in Q2 2014 was Kornitzer Capital Management, an estimated $22.6M sold.
Based on aggregated 13F filings for Q2 2014.