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Align Technology
ALGN

611 hedge funds and large institutions have $12B invested in Align Technology in 2020 Q1 according to their latest regulatory filings, with 82 funds opening new positions, 226 increasing their positions, 229 reducing their positions, and 137 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% more ownership

Funds ownership: 85.28% → 87.28% (+2%)

1% less repeat investments, than reductions

Existing positions increased: 226 | Existing positions reduced: 229

10% less call options, than puts

Call options by funds: $265M | Put options by funds: $293M

9% less funds holding

Funds holding: 669 → 611 (-58)

36% less capital invested

Capital invested by funds: $18.7B → $12B (-$6.78B)

40% less first-time investments, than exits

New positions opened: 82 | Existing positions closed: 137

64% less funds holding in top 10

Funds holding in top 10: 11 → 4 (-7)

Holders
611
Holders Change
-58
Holders Change %
-8.67%
% of All Funds
13.46%
Holding in Top 10
4
Holding in Top 10 Change
-7
Holding in Top 10 Change %
-63.64%
% of All Funds
0.09%
New
82
Increased
226
Reduced
229
Closed
137
Calls
$265M
Puts
$293M
Net Calls
-$28.4M
Net Calls Change
+$134M

Top Buyers

1
AllianceBernstein
AllianceBernstein
Tennessee
+$233M
2
HL
Harding Loevner
New Jersey
+$155M
3
BCM
Bares Capital Management
Texas
+$85.6M
4
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$79.5M
5
Renaissance Technologies
Renaissance Technologies
New York
+$78.4M

Top Sellers

1
HA
HHLR Advisors
Cayman Islands
-$308M
2
Capital World Investors
Capital World Investors
California
-$258M
3
Goldman Sachs
Goldman Sachs
New York
-$113M
4
CCM
Consonance Capital Management
New York
-$75.1M
5
Millennium Management
Millennium Management
New York
-$74.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
AIM
451
ARK Investment Management
Florida
$258K -$102K -427 -22%
QCMC
452
Quantum Capital Management (California)
California
$258K -$27.8K -116 -7%
KeyBank National Association
453
KeyBank National Association
Ohio
$257K -$46.9K -196 -12%
O
454
Ossiam
France
$257K +$303K +1,265 +591%
Wealthfront Advisers
455
Wealthfront Advisers
California
$255K -$65.4K -273 -16%
ECM
456
Everence Capital Management
Indiana
$249K – – –
FHA
457
Flagship Harbor Advisors
Massachusetts
$248K -$27.8K -116 -8%
OIA
458
Optimum Investment Advisors
Illinois
$244K -$23.9K -100 -7%
Fifth Third Bancorp
459
Fifth Third Bancorp
Ohio
$240K -$53.2K -222 -14%
BFS
460
Bradley Foster & Sargent
Connecticut
$237K – – –
Rockefeller Capital Management
461
Rockefeller Capital Management
New York
$236K +$41.2K +172 +15%
GRP
462
Global Retirement Partners
California
$230K -$108K -452 -25%
AIM
463
Aigen Investment Management
New York
$229K +$316K +1,318 New
VAS
464
Vestmark Advisory Solutions
Massachusetts
$226K +$311K +1,298 New
ETC
465
Exchange Traded Concepts
Oklahoma
$220K +$70.2K +293 +30%
ODCM
466
Old Dominion Capital Management
Virginia
$219K -$31.6K -132 -9%
FAAS
467
First Allied Advisory Services
California
$215K -$23.5K -98 -7%
FI
468
FormulaFolio Investments
Michigan
$214K +$295K +1,231 New
VCM
469
Vivaldi Capital Management
Illinois
$214K +$295K +1,232 New
WAM
470
Wolverine Asset Management
Illinois
$213K +$294K +1,229 New
SMFS
471
Squar Milner Financial Services
California
$211K +$91.7K +383 +46%
Northwestern Mutual Wealth Management
472
Northwestern Mutual Wealth Management
Wisconsin
$210K -$63.7K -266 -18%
BCV
473
Banque Cantonale Vaudoise
Switzerland
$209K – – –
IB
474
Intrust Bank
Kansas
$204K +$280K +1,170 New
CAN
475
Cetera Advisor Networks
California
$203K +$68.2K +285 +32%
17 18
19
20 21

ALGN Hedge Fund Activity: Q1 2020 in Review

611 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Align Technology (ALGN) for Q1 2020, worth a combined $12B — down 36% from $18.7B a quarter earlier.

Sellers outnumbered buyers: 137 funds closed out of ALGN and 82 opened new positions — a net loss of 55 holders — while 229 trimmed existing stakes and 226 added.

The largest buyer was AllianceBernstein, adding an estimated $233M. The largest seller was HHLR Advisors, cutting an estimated $308M.

  • 611 institutional investors held Align Technology (ALGN) as of Q1 2020, down from 669 in Q4 2019.
  • Funds reported $12B of Align Technology stock for Q1 2020, down 36% quarter-over-quarter.
  • 82 funds opened new Align Technology positions in Q1 2020 and 137 closed out, a net change of -55 holders.
  • The largest Align Technology buyer in Q1 2020 was AllianceBernstein, an estimated $233M added.
  • The largest Align Technology seller in Q1 2020 was HHLR Advisors, an estimated $308M sold.

Based on aggregated 13F filings for Q1 2020.