Allegro MicroSystems
ALGM
248 hedge funds and large institutions have $3.32B invested in Allegro MicroSystems in 2024 Q3 according to their latest regulatory filings, with 42 funds opening new positions, 116 increasing their positions, 69 reducing their positions, and 60 closing their positions.
68% more repeat investments, than reductions
Existing positions increased: 116 | Existing positions reduced: 69
10% more capital invested
Capital invested by funds: $3.03B → $3.32B (+$295M)
8.77% more ownership
Funds ownership: 55.32% → 64.09% (+8.8%)
7% less funds holding
Funds holding: 268 → 248 (-20)
30% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 60
61% less call options, than puts
Call options by funds: $24.4M | Put options by funds: $62.5M
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$215M |
| 2 |
BlackRock
New York
|
+$156M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$152M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
+$136M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$76.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$66.9M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$53.5M |
| 3 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$32.2M |
| 4 |
SPPAM
Summit Partners Public Asset Management
Boston,
Massachusetts
|
-$31.9M |
| 5 |
Goldman Sachs
New York
|
-$23.2M |
ALGM Hedge Fund Activity: Q3 2024 in Review
248 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Allegro MicroSystems (ALGM) for Q3 2024, worth a combined $3.32B — up 9.7% from $3.03B a quarter earlier.
Sellers outnumbered buyers: 60 funds closed out of ALGM and 42 opened new positions — a net loss of 18 holders — while 69 trimmed existing stakes and 116 added.
The largest buyer was Fidelity Investments, adding an estimated $215M. The largest seller was Invesco, cutting an estimated $66.9M.
- 248 institutional investors held Allegro MicroSystems (ALGM) as of Q3 2024, down from 268 in Q2 2024.
- Funds reported $3.32B of Allegro MicroSystems stock for Q3 2024, up 9.7% quarter-over-quarter.
- 42 funds opened new Allegro MicroSystems positions in Q3 2024 and 60 closed out, a net change of -18 holders.
- The largest Allegro MicroSystems buyer in Q3 2024 was Fidelity Investments, an estimated $215M added.
- The largest Allegro MicroSystems seller in Q3 2024 was Invesco, an estimated $66.9M sold.
Based on aggregated 13F filings for Q3 2024.