Adtran
ADTN
174 hedge funds and large institutions have $1B invested in Adtran in 2023 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 61 increasing their positions, 77 reducing their positions, and 23 closing their positions.
587% more call options, than puts
Call options by funds: $460K | Put options by funds: $67K
9% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 23
1.47% less ownership
Funds ownership: 81.84% → 80.37% (-1.5%)
3% less funds holding
Funds holding: 180 → 174 (-6)
13% less capital invested
Capital invested by funds: $1.16B → $1B (-$153M)
21% less repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 77
71% less funds holding in top 10
Funds holding in top 10: 7 → 2 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAP
Ardsley Advisory Partners
Stamford,
Connecticut
|
+$8M |
| 2 |
NIM
Needham Investment Management
New York
|
+$4.69M |
| 3 |
MIIM
Mesirow Institutional Investment Management
Chicago,
Illinois
|
+$3.67M |
| 4 |
CCM
Cinctive Capital Management
New York
|
+$3.54M |
| 5 |
DnB Asset Management
Oslo,
Norway
|
+$3.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$13.6M |
| 2 |
BCA
Bernzott Capital Advisors
Camarillo,
California
|
-$10.2M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$9.06M |
| 4 |
SC
Shellback Capital
Boston,
Massachusetts
|
-$3.81M |
| 5 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$3.5M |
ADTN Hedge Fund Activity: Q1 2023 in Review
174 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Adtran (ADTN) for Q1 2023, worth a combined $1B — down 13% from $1.16B a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of ADTN and 21 opened new positions — a net loss of 2 holders — while 77 trimmed existing stakes and 61 added.
The largest buyer was Ardsley Advisory Partners, adding an estimated $8M. The largest seller was Hood River Capital Management, cutting an estimated $13.6M.
- 174 institutional investors held Adtran (ADTN) as of Q1 2023, down from 180 in Q4 2022.
- Funds reported $1B of Adtran stock for Q1 2023, down 13% quarter-over-quarter.
- 21 funds opened new Adtran positions in Q1 2023 and 23 closed out, a net change of -2 holders.
- The largest Adtran buyer in Q1 2023 was Ardsley Advisory Partners, an estimated $8M added.
- The largest Adtran seller in Q1 2023 was Hood River Capital Management, an estimated $13.6M sold.
Based on aggregated 13F filings for Q1 2023.