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Alector
ALEC

82 hedge funds and large institutions have $639M invested in Alector in 2019 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 35 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 6

150% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 14

28% more capital invested

Capital invested by funds: $500M → $639M (+$139M)

8% more funds holding

Funds holding: 76 → 82 (+6)

3.42% more ownership

Funds ownership: 50.37% → 53.79% (+3.4%)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
82
Holders Change
+6
Holders Change %
+7.89%
% of All Funds
1.62%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.04%
New
18
Increased
35
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$12.7M
2
MWNA
Marshall Wace North America
New York
+$11.8M
3
PAMU
Pictet Asset Management (UK)
United Kingdom
+$11.2M
4
State Street
State Street
Massachusetts
+$9.55M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$8.01M

Top Sellers

Rank Fund Capital Flow
1
O
OrbiMed
New York
-$26.3M
2
FCMI
Foresite Capital Management IV
California
-$9.91M
3
Millennium Management
Millennium Management
New York
-$1.96M
4
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$1.21M
5
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$1.14M
Name Holding Trade Value Shares
Change 		Change in
Stake
Rafferty Asset Management
51
Rafferty Asset Management
New York
$455K +$449K +26,406 New
UBS Group
52
UBS Group
Switzerland
$454K -$66.8K -3,928 -13%
AGM
53
Alpine Global Management
New York
$447K +$441K +25,947 New
Principal Financial Group
54
Principal Financial Group
Iowa
$430K +$424K +24,944 New
VEA
55
Virtus ETF Advisers
New York
$351K +$134K +7,858 +63%
Manulife (Manufacturers Life Insurance)
56
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$334K +$3.2K +188 +1%
ProShare Advisors
57
ProShare Advisors
Maryland
$328K +$323K +19,012 New
AIG
58
American International Group
New York
$327K -$2.72K -160 -0.8%
Marshall Wace
59
Marshall Wace
United Kingdom
$275K +$271K +15,968 New
SIM
60
Spark Investment Management
New York
$255K -$139K -8,200 -36%
State of Wisconsin Investment Board
61
State of Wisconsin Investment Board
Wisconsin
$253K – – –
VOYA Investment Management
62
VOYA Investment Management
Georgia
$252K +$54K +3,179 +28%
MIM
63
MetLife Investment Management
New Jersey
$248K – – –
Deutsche Bank
64
Deutsche Bank
Germany
$190K +$34.8K +2,047 +23%
Ensign Peak Advisors
65
Ensign Peak Advisors
Utah
$174K +$171K +10,087 New
MLICM
66
Metropolitan Life Insurance Company (MetLife)
New York
$167K -$12.4K -732 -7%
Victory Capital Management
67
Victory Capital Management
Texas
$129K +$38.8K +2,285 +44%
Legal & General Group
68
Legal & General Group
United Kingdom
$108K +$20.4K +1,200 +24%
BNP Paribas Financial Markets
69
BNP Paribas Financial Markets
France
$73.1K -$2.79K -164 -4%
Bank of Montreal
70
Bank of Montreal
Ontario, Canada
$66K +$19.9K +1,169 +44%
PCM
71
Pentwater Capital Management
Florida
$48K +$47.6K +2,800 New
AIP
72
Ameritas Investment Partners
Nebraska
$43K – – –
Baillie Gifford & Co
73
Baillie Gifford & Co
United Kingdom
$36K – – –
Royal Bank of Canada
74
Royal Bank of Canada
Ontario, Canada
$34K +$34.2K +2,009 New
RA
75
Royce & Associates
New York
$28K -$3.57K -210 -11%
1 2
3
4

ALEC Hedge Fund Activity: Q4 2019 in Review

82 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Alector (ALEC) for Q4 2019, worth a combined $639M — up 28% from $500M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new ALEC positions and 6 closed out — a net gain of 12 holders — while 35 added to existing stakes and 14 trimmed.

The largest buyer was BlackRock, adding an estimated $12.7M. The largest seller was OrbiMed, cutting an estimated $26.3M.

  • 82 institutional investors held Alector (ALEC) as of Q4 2019, up from 76 in Q3 2019.
  • Funds reported $639M of Alector stock for Q4 2019, up 28% quarter-over-quarter.
  • 18 funds opened new Alector positions in Q4 2019 and 6 closed out, a net change of +12 holders.
  • The largest Alector buyer in Q4 2019 was BlackRock, an estimated $12.7M added.
  • The largest Alector seller in Q4 2019 was OrbiMed, an estimated $26.3M sold.

Based on aggregated 13F filings for Q4 2019.