Allete
ALE was delisted on the 12th of December, 2025.
320 hedge funds and large institutions have $2.72B invested in Allete in 2023 Q4 according to their latest regulatory filings, with 54 funds opening new positions, 104 increasing their positions, 115 reducing their positions, and 38 closing their positions.
42% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 38
17% more capital invested
Capital invested by funds: $2.32B → $2.72B (+$393M)
5% more funds holding
Funds holding: 306 → 320 (+14)
0.62% more ownership
Funds ownership: 76.69% → 77.32% (+0.62%)
10% less repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 115
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$46.5M |
| 2 |
BlackRock
New York
|
+$23M |
| 3 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$22.8M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$22.3M |
| 5 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$31.8M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$23.1M |
| 3 |
Truist Financial
Charlotte,
North Carolina
|
-$19.3M |
| 4 |
Millennium Management
New York
|
-$15.8M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$8.66M |
ALE Hedge Fund Activity: Q4 2023 in Review
320 of the 6,870 institutional investors tracked by Wall St. Rank reported a position in Allete (ALE) for Q4 2023, worth a combined $2.72B — up 17% from $2.32B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new ALE positions and 38 closed out — a net gain of 16 holders — while 104 added to existing stakes and 115 trimmed.
The largest buyer was Neuberger Berman Group, opening a new position worth an estimated $46.5M. The largest seller was Macquarie Group, cutting an estimated $31.8M.
- 320 institutional investors held Allete (ALE) as of Q4 2023, up from 306 in Q3 2023.
- Funds reported $2.72B of Allete stock for Q4 2023, up 17% quarter-over-quarter.
- 54 funds opened new Allete positions in Q4 2023 and 38 closed out, a net change of +16 holders.
- The largest Allete buyer in Q4 2023 was Neuberger Berman Group, an estimated $46.5M added.
- The largest Allete seller in Q4 2023 was Macquarie Group, an estimated $31.8M sold.
Based on aggregated 13F filings for Q4 2023.