Adtran
ADTN
165 hedge funds and large institutions have $679M invested in Adtran in 2023 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 69 increasing their positions, 47 reducing their positions, and 41 closing their positions.
47% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 47
25% more call options, than puts
Call options by funds: $1.79M | Put options by funds: $1.44M
1.95% more ownership
Funds ownership: 80.37% → 82.32% (+2%)
5% less funds holding
Funds holding: 174 → 165 (-9)
20% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 41
32% less capital invested
Capital invested by funds: $1B → $679M (-$323M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
+$15.2M |
| 2 |
DCM
Divisar Capital Management
San Francisco,
California
|
+$11.6M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$9.78M |
| 4 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$9.72M |
| 5 |
BlackRock
New York
|
+$9.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$31.5M |
| 2 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$19.5M |
| 3 |
ACM
AIGH Capital Management
Baltimore,
Maryland
|
-$17.1M |
| 4 |
BCA
Bernzott Capital Advisors
Camarillo,
California
|
-$12M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$8.79M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EWA
201
EverSource Wealth Advisors
Birmingham,
Alabama
| – | -$1.87K | -118 | Closed |
|
|
BAM
202
Belpointe Asset Management
Reno,
Nevada
| – | -$1.59K | -100 | Closed |
|
|
2L
203
25 LLC
St. Louis,
Missouri
| – | -$457 | -53 | Closed |
|
|
C
204
Covestor
London,
United Kingdom
| – | +$99 | +10 | +83% |
|
205
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | +$129 | +13 | New |
|
206
Comerica Bank
Dallas,
Texas
| – | +$3.25M | +327,195 | New |
|
ADTN Hedge Fund Activity: Q2 2023 in Review
165 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Adtran (ADTN) for Q2 2023, worth a combined $679M — down 32% from $1B a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of ADTN and 33 opened new positions — a net loss of 8 holders — while 47 trimmed existing stakes and 69 added.
The largest buyer was William Blair Investment Management, opening a new position worth an estimated $15.2M. The largest seller was Westwood Holdings Group, exiting entirely with an estimated $31.5M sold.
- 165 institutional investors held Adtran (ADTN) as of Q2 2023, down from 174 in Q1 2023.
- Funds reported $679M of Adtran stock for Q2 2023, down 32% quarter-over-quarter.
- 33 funds opened new Adtran positions in Q2 2023 and 41 closed out, a net change of -8 holders.
- The largest Adtran buyer in Q2 2023 was William Blair Investment Management, an estimated $15.2M added.
- The largest Adtran seller in Q2 2023 was Westwood Holdings Group, an estimated $31.5M sold.
Based on aggregated 13F filings for Q2 2023.