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Adtran
ADTN

169 hedge funds and large institutions have $471M invested in Adtran in 2023 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 59 increasing their positions, 59 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 27

2% more funds holding

Funds holding: 165 → 169 (+4)

9% more call options, than puts

Call options by funds: $1.09M | Put options by funds: $994K

0.68% more ownership

Funds ownership: 80.77% → 81.45% (+0.68%)

0% more repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 59

10% less capital invested

Capital invested by funds: $523M → $471M (-$52.1M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
169
Holders Change
+4
Holders Change %
+2.42%
% of All Funds
2.46%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
32
Increased
59
Reduced
59
Closed
27
Calls
$1.09M
Puts
$994K
Net Calls
+$92K
Net Calls Change
–

Top Buyers

1
William Blair Investment Management
William Blair Investment Management
Illinois
+$8.12M
2
Morgan Stanley
Morgan Stanley
New York
+$7.63M
3
Federated Hermes
Federated Hermes
Pennsylvania
+$7.51M
4
DCM
Divisar Capital Management
California
+$7.24M
5
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
+$6.24M

Top Sellers

1
Bank of New York Mellon
Bank of New York Mellon
New York
-$14.3M
2
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$8.8M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$7.88M
4
RA
Royce & Associates
New York
-$7.26M
5
Russell Investments Group
Russell Investments Group
United Kingdom
-$5.44M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$94.7M +$725K +110,051 +0.9%
Vanguard Group
2
Vanguard Group
Pennsylvania
$56.7M -$7.88M -1,194,973 -13%
William Blair Investment Management
3
William Blair Investment Management
Illinois
$26.7M +$8.12M +1,232,466 +51%
DnB Asset Management
4
DnB Asset Management
Norway
$22.8M – – –
DCM
5
Divisar Capital Management
California
$22.4M +$7.24M +1,097,868 +56%
State Street
6
State Street
Massachusetts
$21.7M +$1.09M +165,370 +6%
Morgan Stanley
7
Morgan Stanley
New York
$17.7M +$7.63M +1,157,728 +92%
Fuller & Thaler Asset Management
8
Fuller & Thaler Asset Management
California
$14.9M -$599K -90,888 -4%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$12.4M +$383K +58,129 +4%
NIM
10
Needham Investment Management
New York
$10.4M -$2.19M -332,500 -19%
First Eagle Investment Management
11
First Eagle Investment Management
New York
$9.32M +$880K +133,500 +12%
WMSA
12
Weiss Multi-Strategy Advisers
New York
$9.18M -$513K -77,801 -6%
Bank of New York Mellon
13
Bank of New York Mellon
New York
$9.17M -$14.3M -2,173,169 -64%
Federated Hermes
14
Federated Hermes
Pennsylvania
$8.36M +$7.51M +1,139,408 New
Ameriprise
15
Ameriprise
Minnesota
$8.17M +$4.28M +648,992 +140%
Janus Henderson Group
16
Janus Henderson Group
United Kingdom
$7.89M -$1.52M -230,931 -18%
Charles Schwab
17
Charles Schwab
California
$7.49M +$709K +107,593 +12%
Jacobs Levy Equity Management
18
Jacobs Levy Equity Management
New Jersey
$6.95M +$6.24M +947,200 New
Invesco
19
Invesco
Georgia
$6.88M +$3.16M +479,631 +105%
PCMI
20
Paradigm Capital Management Inc
New York
$6.85M +$1.71M +259,200 +38%
Northern Trust
21
Northern Trust
Illinois
$5.76M +$34.2K +5,189 +0.7%
Citadel Advisors
22
Citadel Advisors
Florida
$3.68M -$1.47M -223,384 -31%
Renaissance Technologies
23
Renaissance Technologies
New York
$3.56M -$1.14M -173,300 -26%
JP Morgan Chase
24
JP Morgan Chase
New York
$3.48M +$228K +34,559 +8%
N
25
Nuveen
North Carolina
$3.21M +$950K +144,081 +49%
1
2 3 4 5

ADTN Hedge Fund Activity: Q4 2023 in Review

169 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Adtran (ADTN) for Q4 2023, worth a combined $471M — down 10% from $523M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new ADTN positions and 27 closed out — a net gain of 5 holders — while 59 added to existing stakes and 59 trimmed.

The largest buyer was William Blair Investment Management, adding an estimated $8.12M. The largest seller was Bank of New York Mellon, cutting an estimated $14.3M.

  • 169 institutional investors held Adtran (ADTN) as of Q4 2023, up from 165 in Q3 2023.
  • Funds reported $471M of Adtran stock for Q4 2023, down 10% quarter-over-quarter.
  • 32 funds opened new Adtran positions in Q4 2023 and 27 closed out, a net change of +5 holders.
  • The largest Adtran buyer in Q4 2023 was William Blair Investment Management, an estimated $8.12M added.
  • The largest Adtran seller in Q4 2023 was Bank of New York Mellon, an estimated $14.3M sold.

Based on aggregated 13F filings for Q4 2023.