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Alector
ALEC

148 hedge funds and large institutions have $547M invested in Alector in 2023 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 48 increasing their positions, 49 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more capital invested

Capital invested by funds: $403M → $547M (+$145M)

7.48% more ownership

Funds ownership: 74.02% → 81.51% (+7.5%)

7% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 15

0% more funds holding

Funds holding: 148 → 148 (0)

2% less repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 49

20% less call options, than puts

Call options by funds: $541K | Put options by funds: $675K

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
148
Holders Change
–
Holders Change %
0%
% of All Funds
2.16%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
16
Increased
48
Reduced
49
Closed
15
Calls
$541K
Puts
$675K
Net Calls
-$134K
Net Calls Change
-$236K

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$35.3M
2
Deutsche Bank
Deutsche Bank
Germany
+$12M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$2.66M
4
BlackRock
BlackRock
New York
+$2M
5
State Street
State Street
Massachusetts
+$1.66M

Top Sellers

1
Vanguard Group
Vanguard Group
Pennsylvania
-$6.72M
2
BBA
Baker Bros. Advisors
New York
-$6.25M
3
B
Braidwell
Connecticut
-$4.44M
4
Point72 Asset Management
Point72 Asset Management
Connecticut
-$3.55M
5
JP Morgan Chase
JP Morgan Chase
New York
-$2.51M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$101M +$2.66M +448,359 +4%
Morgan Stanley
2
Morgan Stanley
New York
$74.2M +$35.3M +5,962,996 +179%
BlackRock
3
BlackRock
New York
$64.4M +$2M +337,575 +4%
Vanguard Group
4
Vanguard Group
Pennsylvania
$35M -$6.72M -1,134,367 -21%
EC
5
EcoR1 Capital
California
$32.4M – – –
B
6
Braidwell
Connecticut
$26.5M -$4.44M -749,812 -18%
State Street
7
State Street
Massachusetts
$24.9M +$1.66M +280,822 +10%
Deutsche Bank
8
Deutsche Bank
Germany
$16.5M +$12M +2,028,862 +6,104%
JP Morgan Chase
9
JP Morgan Chase
New York
$14.9M -$2.51M -424,371 -19%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$11M +$466K +78,709 +6%
EC
11
Euclidean Capital
New York
$10.4M – – –
T. Rowe Price Associates
12
T. Rowe Price Associates
Maryland
$9.59M +$323K +54,582 +5%
DM
13
Deerfield Management
New York
$8.52M +$74.8K +12,618 +1%
Franklin Resources
14
Franklin Resources
California
$7.66M +$2.15K +362 +0%
Jacobs Levy Equity Management
15
Jacobs Levy Equity Management
New Jersey
$6.34M +$96K +16,207 +2%
Dimensional Fund Advisors
16
Dimensional Fund Advisors
Texas
$6.1M +$493K +83,169 +12%
Northern Trust
17
Northern Trust
Illinois
$4.9M -$127K -21,509 -3%
DCM
18
DAFNA Capital Management
California
$4.87M -$113K -19,033 -3%
Renaissance Technologies
19
Renaissance Technologies
New York
$4.56M +$413K +69,780 +14%
Charles Schwab
20
Charles Schwab
California
$3.99M +$103K +17,307 +4%
AllianceBernstein
21
AllianceBernstein
Tennessee
$3.93M +$964K +162,664 +49%
Bank of America
22
Bank of America
North Carolina
$3.51M +$93K +15,702 +4%
N
23
Nuveen
North Carolina
$3.45M +$6.78K +1,145 +0.3%
Two Sigma Advisers
24
Two Sigma Advisers
New York
$3.14M +$24.3K +4,100 +1%
Baillie Gifford & Co
25
Baillie Gifford & Co
United Kingdom
$2.76M -$131K -22,048 -6%
1
2 3 4 5

ALEC Hedge Fund Activity: Q4 2023 in Review

148 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Alector (ALEC) for Q4 2023, worth a combined $547M — up 36% from $403M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new ALEC positions and 15 closed out — a net gain of 1 holder — while 48 added to existing stakes and 49 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $35.3M. The largest seller was Vanguard Group, cutting an estimated $6.72M.

  • 148 institutional investors held Alector (ALEC) as of Q4 2023, unchanged from Q3 2023.
  • Funds reported $547M of Alector stock for Q4 2023, up 36% quarter-over-quarter.
  • 16 funds opened new Alector positions in Q4 2023 and 15 closed out, a net change of +1 holder.
  • The largest Alector buyer in Q4 2023 was Morgan Stanley, an estimated $35.3M added.
  • The largest Alector seller in Q4 2023 was Vanguard Group, an estimated $6.72M sold.

Based on aggregated 13F filings for Q4 2023.