Adtran
ADTN
158 hedge funds and large institutions have $714M invested in Adtran in 2018 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 59 increasing their positions, 48 reducing their positions, and 44 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 48
1.07% more ownership
Funds ownership: 93.76% → 94.83% (+1.1%)
12% less funds holding
Funds holding: 180 → 158 (-22)
18% less capital invested
Capital invested by funds: $873M → $714M (-$159M)
50% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 44
59% less call options, than puts
Call options by funds: $2.44M | Put options by funds: $5.99M
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$33.5M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$12.3M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
+$5.45M |
| 4 |
ARM
Adirondack Research & Management
Guilderland,
New York
|
+$5.17M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$5.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
-$19.7M |
| 2 |
SAM
Skyline Asset Management
Chicago,
Illinois
|
-$12.6M |
| 3 |
Millennium Management
New York
|
-$6.47M |
| 4 |
MWNA
Marshall Wace North America
New York
|
-$6.24M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
-$5.46M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
SEI Investments
Oaks,
Pennsylvania
| – | +$234 | +14 | New |
|
ADTN Hedge Fund Activity: Q1 2018 in Review
158 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Adtran (ADTN) for Q1 2018, worth a combined $714M — down 18% from $873M a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of ADTN and 22 opened new positions — a net loss of 22 holders — while 48 trimmed existing stakes and 59 added.
The largest buyer was DePrince Race & Zollo Inc (DRZ), adding an estimated $33.5M. The largest seller was William Blair Investment Management, exiting entirely with an estimated $19.7M sold.
- 158 institutional investors held Adtran (ADTN) as of Q1 2018, down from 180 in Q4 2017.
- Funds reported $714M of Adtran stock for Q1 2018, down 18% quarter-over-quarter.
- 22 funds opened new Adtran positions in Q1 2018 and 44 closed out, a net change of -22 holders.
- The largest Adtran buyer in Q1 2018 was DePrince Race & Zollo Inc (DRZ), an estimated $33.5M added.
- The largest Adtran seller in Q1 2018 was William Blair Investment Management, an estimated $19.7M sold.
Based on aggregated 13F filings for Q1 2018.