Alector
ALEC
135 hedge funds and large institutions have $700M invested in Alector in 2020 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 37 increasing their positions, 50 reducing their positions, and 22 closing their positions.
35% more capital invested
Capital invested by funds: $519M → $700M (+$181M)
20% more call options, than puts
Call options by funds: $3.99M | Put options by funds: $3.33M
4.06% less ownership
Funds ownership: 62.48% → 58.41% (-4.1%)
5% less funds holding
Funds holding: 142 → 135 (-7)
26% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 50
27% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$9.4M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$7.05M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$4.46M |
| 4 |
Goldman Sachs
New York
|
+$2.69M |
| 5 |
Two Sigma Advisers
New York
|
+$2.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
RA Capital Management
Boston,
Massachusetts
|
-$24.9M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$7.25M |
| 3 |
State Street
Boston,
Massachusetts
|
-$6.65M |
| 4 |
Bank of New York Mellon
New York
|
-$6.26M |
| 5 |
O
OrbiMed
New York
|
-$6.21M |
ALEC Hedge Fund Activity: Q4 2020 in Review
135 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Alector (ALEC) for Q4 2020, worth a combined $700M — up 35% from $519M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of ALEC and 16 opened new positions — a net loss of 6 holders — while 50 trimmed existing stakes and 37 added.
The largest buyer was JP Morgan Chase, adding an estimated $9.4M. The largest seller was RA Capital Management, cutting an estimated $24.9M.
- 135 institutional investors held Alector (ALEC) as of Q4 2020, down from 142 in Q3 2020.
- Funds reported $700M of Alector stock for Q4 2020, up 35% quarter-over-quarter.
- 16 funds opened new Alector positions in Q4 2020 and 22 closed out, a net change of -6 holders.
- The largest Alector buyer in Q4 2020 was JP Morgan Chase, an estimated $9.4M added.
- The largest Alector seller in Q4 2020 was RA Capital Management, an estimated $24.9M sold.
Based on aggregated 13F filings for Q4 2020.