Allegro MicroSystems
ALGM
277 hedge funds and large institutions have $2.8B invested in Allegro MicroSystems in 2024 Q1 according to their latest regulatory filings, with 43 funds opening new positions, 105 increasing their positions, 93 reducing their positions, and 52 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 93
3.19% more ownership
Funds ownership: 50.64% → 53.83% (+3.2%)
5% less capital invested
Capital invested by funds: $2.95B → $2.8B (-$145M)
4% less funds holding
Funds holding: 288 → 277 (-11)
17% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 52
32% less call options, than puts
Call options by funds: $64.6M | Put options by funds: $95.2M
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$205M |
| 2 |
Morgan Stanley
New York
|
+$35.6M |
| 3 |
Millennium Management
New York
|
+$35.1M |
| 4 |
JP Morgan Chase
New York
|
+$33.7M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$33.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCA
OEP Capital Advisors
New York
|
-$241M |
| 2 |
WP
Woodline Partners
San Francisco,
California
|
-$46.6M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$27.9M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$22.6M |
| 5 |
SCM
SG Capital Management
Chicago,
Illinois
|
-$11.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GI
326
Gradient Investments
Arden Hills,
Minnesota
| – | -$91 | -3 | Closed |
|
327
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$61 | -2 | Closed |
|
ALGM Hedge Fund Activity: Q1 2024 in Review
277 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Allegro MicroSystems (ALGM) for Q1 2024, worth a combined $2.8B — down 4.9% from $2.95B a quarter earlier.
Sellers outnumbered buyers: 52 funds closed out of ALGM and 43 opened new positions — a net loss of 9 holders — while 93 trimmed existing stakes and 105 added.
The largest buyer was Fidelity Investments, adding an estimated $205M. The largest seller was OEP Capital Advisors, cutting an estimated $241M.
- 277 institutional investors held Allegro MicroSystems (ALGM) as of Q1 2024, down from 288 in Q4 2023.
- Funds reported $2.8B of Allegro MicroSystems stock for Q1 2024, down 4.9% quarter-over-quarter.
- 43 funds opened new Allegro MicroSystems positions in Q1 2024 and 52 closed out, a net change of -9 holders.
- The largest Allegro MicroSystems buyer in Q1 2024 was Fidelity Investments, an estimated $205M added.
- The largest Allegro MicroSystems seller in Q1 2024 was OEP Capital Advisors, an estimated $241M sold.
Based on aggregated 13F filings for Q1 2024.