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, 139 increasing their positions, 96 reducing their positions, and 78 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 139 | 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: 352 → 311 (-41)
32% less capital invested
Capital invested by funds: $4.41B → $2.99B (-$1.42B)
46% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 78
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 |
ALGM Hedge Fund Activity: Q3 2023 in Review
311 of the 6,310 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: 78 funds closed out of ALGM and 42 opened new positions — a net loss of 36 holders — while 96 trimmed existing stakes and 139 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 352 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 78 closed out, a net change of -36 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.