Adtran
ADTN
141 hedge funds and large institutions have $338M invested in Adtran in 2020 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 49 increasing their positions, 48 reducing their positions, and 17 closing their positions.
6% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 17
2% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 48
0.25% more ownership
Funds ownership: 91% → 91.26% (+0.25%)
1% less funds holding
Funds holding: 143 → 141 (-2)
22% less capital invested
Capital invested by funds: $430M → $338M (-$92.6M)
39% less call options, than puts
Call options by funds: $1.6M | Put options by funds: $2.63M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Horrell Capital Management
Little Rock,
Arkansas
|
+$2.41M |
| 2 |
HP
Harvey Partners
Tarrytown,
New York
|
+$2.25M |
| 3 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
+$1.98M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$1.94M |
| 5 |
MSL
Mackay Shields LLC
New York
|
+$1.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$2.95M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
-$1.84M |
| 3 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$1.49M |
| 4 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$1.26M |
| 5 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$1.11M |
ADTN Hedge Fund Activity: Q1 2020 in Review
141 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Adtran (ADTN) for Q1 2020, worth a combined $338M — down 22% from $430M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new ADTN positions and 17 closed out — a net gain of 1 holder — while 49 added to existing stakes and 48 trimmed.
The largest buyer was Horrell Capital Management, adding an estimated $2.41M. The largest seller was Renaissance Technologies, cutting an estimated $2.95M.
- 141 institutional investors held Adtran (ADTN) as of Q1 2020, down from 143 in Q4 2019.
- Funds reported $338M of Adtran stock for Q1 2020, down 22% quarter-over-quarter.
- 18 funds opened new Adtran positions in Q1 2020 and 17 closed out, a net change of +1 holder.
- The largest Adtran buyer in Q1 2020 was Horrell Capital Management, an estimated $2.41M added.
- The largest Adtran seller in Q1 2020 was Renaissance Technologies, an estimated $2.95M sold.
Based on aggregated 13F filings for Q1 2020.