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Adtran
ADTN

163 hedge funds and large institutions have $937M invested in Adtran in 2017 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 54 increasing their positions, 56 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

265% more call options, than puts

Call options by funds: $2.92M | Put options by funds: $799K

50% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 18

3% more funds holding

Funds holding: 159 → 163 (+4)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 56

1.94% less ownership

Funds ownership: 95% → 93.06% (-1.9%)

9% less capital invested

Capital invested by funds: $1.03B → $937M (-$91.2M)

Holders
163
Holders Change
+4
Holders Change %
+2.52%
% of All Funds
4.06%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
27
Increased
54
Reduced
56
Closed
18
Calls
$2.92M
Puts
$799K
Net Calls
+$2.12M
Net Calls Change
-$11.5M

Top Buyers

1
BlackRock
BlackRock
New York
+$129M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$13M
3
Norges Bank
Norges Bank
Norway
+$11.5M
4
Victory Capital Management
Victory Capital Management
Texas
+$7.73M
5
Millennium Management
Millennium Management
New York
+$6.28M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$65.7M
2
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$8.46M
3
JGC
J. Goldman & Co
New York
-$5.79M
4
Russell Investments Group
Russell Investments Group
United Kingdom
-$5.2M
5
MPAM
Monarch Partners Asset Management
Massachusetts
-$3.83M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$123M +$129M +5,922,556 +75,959%
Vanguard Group
2
Vanguard Group
Pennsylvania
$92M +$5.48M +252,733 +6%
Victory Capital Management
3
Victory Capital Management
Texas
$79.6M +$7.73M +356,159 +10%
Dimensional Fund Advisors
4
Dimensional Fund Advisors
Texas
$59.6M +$3.74M +172,439 +6%
Fuller & Thaler Asset Management
5
Fuller & Thaler Asset Management
California
$56.9M +$4.03M +185,507 +7%
VBA
6
Van Berkom & Associates
Quebec, Canada
$41.7M +$226K +10,430 +0.5%
T. Rowe Price Associates
7
T. Rowe Price Associates
Maryland
$28.7M -$65.7M -3,027,030 -69%
DRZID
8
DePrince Race & Zollo Inc (DRZ)
Florida
$27.1M -$8.46M -389,973 -23%
Renaissance Technologies
9
Renaissance Technologies
New York
$26.8M +$2.56M +117,900 +10%
State Street
10
State Street
Massachusetts
$26.5M +$1.97M +90,964 +8%
Fidelity International
11
Fidelity International
Bermuda
$21M +$2.57M +118,382 +13%
Norges Bank
12
Norges Bank
Norway
$19.1M +$11.5M +528,610 +135%
SAM
13
Skyline Asset Management
Illinois
$17.6M -$1.48M -68,300 -7%
Bank of America
14
Bank of America
North Carolina
$16.1M +$1.77M +81,751 +12%
Bank of New York Mellon
15
Bank of New York Mellon
New York
$16.1M +$463K +21,325 +3%
Northern Trust
16
Northern Trust
Illinois
$13.8M +$26.8K +1,236 +0.2%
William Blair Investment Management
17
William Blair Investment Management
Illinois
$13.8M -$58.3K -2,685 -0.4%
Arrowstreet Capital
18
Arrowstreet Capital
Massachusetts
$12.5M +$13M +601,167 New
Canada Pension Plan Investment Board
19
Canada Pension Plan Investment Board
Ontario, Canada
$11.6M -$1.29M -59,600 -10%
GIP
20
Granite Investment Partners
California
$10.7M +$1.05M +48,353 +10%
Russell Investments Group
21
Russell Investments Group
United Kingdom
$10.7M -$5.2M -239,734 -32%
RA
22
Royce & Associates
New York
$9.95M – – –
KCM
23
Kennedy Capital Management
Missouri
$8.99M -$382K -17,594 -4%
Geode Capital Management
24
Geode Capital Management
Massachusetts
$8.31M +$726K +33,447 +9%
Principal Financial Group
25
Principal Financial Group
Iowa
$8.25M +$555K +25,585 +7%
1
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ADTN Hedge Fund Activity: Q1 2017 in Review

163 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Adtran (ADTN) for Q1 2017, worth a combined $937M — down 8.9% from $1.03B a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new ADTN positions and 18 closed out — a net gain of 9 holders — while 54 added to existing stakes and 56 trimmed.

The largest buyer was BlackRock, adding an estimated $129M. The largest seller was T. Rowe Price Associates, cutting an estimated $65.7M.

  • 163 institutional investors held Adtran (ADTN) as of Q1 2017, up from 159 in Q4 2016.
  • Funds reported $937M of Adtran stock for Q1 2017, down 8.9% quarter-over-quarter.
  • 27 funds opened new Adtran positions in Q1 2017 and 18 closed out, a net change of +9 holders.
  • The largest Adtran buyer in Q1 2017 was BlackRock, an estimated $129M added.
  • The largest Adtran seller in Q1 2017 was T. Rowe Price Associates, an estimated $65.7M sold.

Based on aggregated 13F filings for Q1 2017.