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Align Technology
ALGN

633 hedge funds and large institutions have $13.8B invested in Align Technology in 2018 Q4 according to their latest regulatory filings, with 93 funds opening new positions, 201 increasing their positions, 281 reducing their positions, and 167 closing their positions.

New
Increased
Maintained
Reduced
Closed

4.26% more ownership

Funds ownership: 78.67% → 82.93% (+4.3%)

8% less call options, than puts

Call options by funds: $283M | Put options by funds: $309M

11% less funds holding

Funds holding: 713 → 633 (-80)

28% less repeat investments, than reductions

Existing positions increased: 201 | Existing positions reduced: 281

44% less capital invested

Capital invested by funds: $24.7B → $13.8B (-$10.9B)

44% less first-time investments, than exits

New positions opened: 93 | Existing positions closed: 167

73% less funds holding in top 10

Funds holding in top 10: 26 → 7 (-19)

Holders
633
Holders Change
-80
Holders Change %
-11.22%
% of All Funds
14.1%
Holding in Top 10
7
Holding in Top 10 Change
-19
Holding in Top 10 Change %
-73.08%
% of All Funds
0.16%
New
93
Increased
201
Reduced
281
Closed
167
Calls
$283M
Puts
$309M
Net Calls
-$25.6M
Net Calls Change
+$229M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$422M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$322M
3
TCM
Tybourne Capital Management
Hong Kong
+$260M
4
MCM
Melvin Capital Management
New York
+$221M
5
Ameriprise
Ameriprise
Minnesota
+$169M

Top Sellers

Rank Fund Capital Flow
1
AQR Capital Management
AQR Capital Management
Connecticut
-$105M
2
Polen Capital Management
Polen Capital Management
Florida
-$101M
3
GGHC
Gilder Gagnon Howe & Co
New York
-$96.9M
4
Citadel Advisors
Citadel Advisors
Florida
-$95.9M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$94.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
LIA
376
LS Investment Advisors
Michigan
$562K -$65.4K -259 -9%
VWA
377
V Wealth Advisors
Kansas
$558K – – –
TAM
378
Tyers Asset Management
Texas
$558K +$94.5K +374 +16%
WEC
379
Winslow Evans & Crocker
Massachusetts
$550K – – –
EWM
380
Elmwood Wealth Management
California
$545K – – –
YIA
381
YHB Investment Advisors
Connecticut
$533K +$644K +2,547 New
BUB
382
BBVA USA Bancshares
Texas
$529K +$37.9K +150 +6%
BOC
383
Barbara Oil Co
Illinois
$524K – – –
BRWA
384
B. Riley Wealth Advisors
Florida
$521K -$529K -2,095 -46%
Connor, Clark & Lunn Investment Management (CC&L)
385
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$508K +$50.5K +200 +9%
SF
386
Synovus Financial
Georgia
$499K -$40.7K -161 -6%
MYAM
387
Meiji Yasuda Asset Management
Japan
$497K +$92.2K +365 +18%
CI
388
Cigna Investments
Connecticut
$474K -$24K -95 -4%
TRCT
389
Tower Research Capital (TRC)
New York
$472K +$259K +1,027 +84%
FHA
390
Flagship Harbor Advisors
Massachusetts
$466K +$47K +186 +9%
FDCDDQ
391
Federation des caisses Desjardins du Quebec
Quebec, Canada
$464K +$97K +384 +21%
APP
392
Avantax Planning Partners
Iowa
$457K +$2.02K +8 +0.4%
AIM
393
Axiom Investment Management
New York
$456K +$550K +2,176 New
Nomura Holdings
394
Nomura Holdings
Japan
$454K +$299K +1,185 +121%
Wealthfront Advisers
395
Wealthfront Advisers
California
$454K +$548K +2,170 New
SRAM
396
Stone Ridge Asset Management
New York
$451K -$2.37M -9,379 -81%
SM
397
Sciencast Management
New Jersey
$449K +$179K +707 +53%
ACM
398
AlphaCrest Capital Management
New York
$449K +$541K +2,143 New
AP
399
Advisor Partners
California
$448K +$162K +642 +43%
CL
400
CIM LLC
New York
$446K -$443K -1,754 -45%
14 15
16
17 18

ALGN Hedge Fund Activity: Q4 2018 in Review

633 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Align Technology (ALGN) for Q4 2018, worth a combined $13.8B — down 44% from $24.7B a quarter earlier.

Sellers outnumbered buyers: 167 funds closed out of ALGN and 93 opened new positions — a net loss of 74 holders — while 281 trimmed existing stakes and 201 added.

The largest buyer was BlackRock, adding an estimated $422M. The largest seller was AQR Capital Management, cutting an estimated $105M.

  • 633 institutional investors held Align Technology (ALGN) as of Q4 2018, down from 713 in Q3 2018.
  • Funds reported $13.8B of Align Technology stock for Q4 2018, down 44% quarter-over-quarter.
  • 93 funds opened new Align Technology positions in Q4 2018 and 167 closed out, a net change of -74 holders.
  • The largest Align Technology buyer in Q4 2018 was BlackRock, an estimated $422M added.
  • The largest Align Technology seller in Q4 2018 was AQR Capital Management, an estimated $105M sold.

Based on aggregated 13F filings for Q4 2018.