Allegro MicroSystems
ALGM
311 hedge funds and large institutions have $2.99B invested in Allegro MicroSystems in 2023 Q3 according to their latest regulatory filings, with 42 funds opening new positions, 140 increasing their positions, 96 reducing their positions, and 79 closing their positions.
46% more repeat investments, than reductions
Existing positions increased: 140 | Existing positions reduced: 96
0.28% more ownership
Funds ownership: 50.88% → 51.16% (+0.28%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
12% less funds holding
Funds holding: 353 → 311 (-42)
32% less capital invested
Capital invested by funds: $4.41B → $2.99B (-$1.42B)
47% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 79
52% less call options, than puts
Call options by funds: $38.2M | Put options by funds: $79.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$45.6M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$34.8M |
| 3 |
JP Morgan Chase
New York
|
+$29.6M |
| 4 |
BlackRock
New York
|
+$23M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$20.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$51.7M |
| 2 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
-$25.4M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$24.8M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$22.1M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$16.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FAM
376
Fred Alger Management
New York
| – | -$23.9K | -529 | Closed |
|
|
ACA
377
Atlas Capital Advisors
Jackson,
Wyoming
| – | -$20.7K | -458 | Closed |
|
|
AA
378
AlphaMark Advisors
Ft. Wright,
Kentucky
| – | -$11K | -250 | Closed |
|
|
CMP
379
Coston McIsaac & Partners
Bar Harbor,
Maine
| – | -$5K | -120 | Closed |
|
380
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$4.51K | -100 | Closed |
|
|
LSA
381
Leonteq Securities AG
Zurich,
Switzerland
| – | -$4.51K | -100 | Closed |
|
|
TFA
382
Toth Financial Advisory
Leesburg,
Virginia
| – | -$2.26K | -50 | Closed |
|
|
FGAM
383
Financial Gravity Asset Management
Lakeway,
Texas
| – | -$3.46K | -45 | Closed |
|
|
BTI
384
Blue Trust Inc
Alpharetta,
Georgia
| – | -$2K | -42 | Closed |
|
|
CFO
385
CVA Family Office
Denver,
Colorado
| – | -$1.13K | -25 | Closed |
|
|
IA
386
IFP Advisors
Tampa,
Florida
| – | -$858 | -19 | Closed |
|
|
DI
387
Disciplined Investments
Tulsa,
Oklahoma
| – | -$135 | -3 | Closed |
|
|
SFG
388
Steward Financial Group
Colleyville,
Texas
| – | +$813 | +20 | New |
|
ALGM Hedge Fund Activity: Q3 2023 in Review
311 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Allegro MicroSystems (ALGM) for Q3 2023, worth a combined $2.99B — down 32% from $4.41B a quarter earlier.
Sellers outnumbered buyers: 79 funds closed out of ALGM and 42 opened new positions — a net loss of 37 holders — while 96 trimmed existing stakes and 140 added.
The largest buyer was Fidelity Investments, adding an estimated $45.6M. The largest seller was Millennium Management, cutting an estimated $51.7M.
- 311 institutional investors held Allegro MicroSystems (ALGM) as of Q3 2023, down from 353 in Q2 2023.
- Funds reported $2.99B of Allegro MicroSystems stock for Q3 2023, down 32% quarter-over-quarter.
- 42 funds opened new Allegro MicroSystems positions in Q3 2023 and 79 closed out, a net change of -37 holders.
- The largest Allegro MicroSystems buyer in Q3 2023 was Fidelity Investments, an estimated $45.6M added.
- The largest Allegro MicroSystems seller in Q3 2023 was Millennium Management, an estimated $51.7M sold.
Based on aggregated 13F filings for Q3 2023.