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Align Technology

267 hedge funds and large institutions have $3.34B invested in Align Technology in 2014 Q1 according to their latest regulatory filings, with 53 funds opening new positions, 106 increasing their positions, 89 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 31

44% more call options, than puts

Call options by funds: $30M | Put options by funds: $20.9M

19% more repeat investments, than reductions

Existing positions increased: 106 | Existing positions reduced: 89

8% more funds holding

Funds holding: 248267 (+19)

9% less capital invested

Capital invested by funds: $3.68B → $3.34B (-$343M)

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

Holders
267
Holders Change
+19
Holders Change %
+7.66%
% of All Funds
7.71%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.06%
New
53
Increased
106
Reduced
89
Closed
31
Calls
$30M
Puts
$20.9M
Net Calls
+$9.13M
Net Calls Change
-$5.71M
Name Holding Trade Value Shares
Change
Change in
Stake
JP Morgan Chase
26
JP Morgan Chase
New York
$26.5M +$1.56M +27,865 +6%
Morgan Stanley
27
Morgan Stanley
New York
$26M +$4.8M +85,737 +21%
Calamos Advisors
28
Calamos Advisors
Illinois
$24.7M +$26.7M +476,516 New
Wells Fargo
29
Wells Fargo
California
$24.5M -$9.03M -161,334 -25%
Geode Capital Management
30
Geode Capital Management
Massachusetts
$24.2M +$1.43M +25,471 +6%
TA
31
Teachers Advisors
New York
$23.4M +$7.14M +127,590 +39%
TCIM
32
TIAA CREF Investment Management
New York
$22.8M -$258K -4,612 -1%
Citadel Advisors
33
Citadel Advisors
Florida
$22.2M +$2.09M +37,366 +10%
CCI
34
Columbus Circle Investors
$21.6M +$11.8M +211,387 +102%
CII
35
CR Intrinsic Investors
Connecticut
$20.7M +$22.4M +400,000 New
SGAM
36
Smith Group Asset Management
Texas
$20.5M -$598K -10,684 -3%
Norges Bank
37
Norges Bank
Norway
$19.6M +$1.79M +32,041 +9%
BIM
38
BlackRock Investment Management
Delaware
$19.4M +$7.57M +135,229 +56%
Millennium Management
39
Millennium Management
New York
$18.8M +$16.2M +289,906 +402%
SCA
40
SAC Capital Advisors
Connecticut
$18.5M +$19.6M +350,576 +5,545%
California Public Employees Retirement System
41
California Public Employees Retirement System
California
$18.4M +$4.87M +86,930 +33%
Two Sigma Investments
42
Two Sigma Investments
New York
$18.3M +$8.29M +148,124 +72%
PC
43
Polar Capital
United Kingdom
$17.1M +$18.5M +330,000 New
TI
44
Turner Investments
Pennsylvania
$16.6M -$9.95M -177,660 -36%
Ohio Public Employees Retirement System (OPERS)
45
Ohio Public Employees Retirement System (OPERS)
Ohio
$16.4M
PAM
46
Panagora Asset Management
Massachusetts
$15.8M -$9.24M -165,136 -35%
RG
47
Redmile Group
California
$15.3M +$16.5M +294,612 New
VOYA Investment Management
48
VOYA Investment Management
Georgia
$14.4M -$4.38M -78,176 -22%
Massachusetts Financial Services
49
Massachusetts Financial Services
Massachusetts
$14M +$15.1M +270,430 New
GC
50
Guggenheim Capital
Illinois
$13.7M +$12.2M +217,376 +470%

ALGN Hedge Fund Activity: Q1 2014 in Review

267 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Align Technology (ALGN) for Q1 2014, worth a combined $3.34B — down 9.3% from $3.68B a quarter earlier.

Buyers outnumbered sellers: 53 funds opened new ALGN positions and 31 closed out — a net gain of 22 holders — while 106 added to existing stakes and 89 trimmed.

The largest buyer was Waddell & Reed Financial, adding an estimated $88.7M. The largest seller was Fidelity Investments, cutting an estimated $222M.

  • 267 institutional investors held Align Technology (ALGN) as of Q1 2014, up from 248 in Q4 2013.
  • Funds reported $3.34B of Align Technology stock for Q1 2014, down 9.3% quarter-over-quarter.
  • 53 funds opened new Align Technology positions in Q1 2014 and 31 closed out, a net change of +22 holders.
  • The largest Align Technology buyer in Q1 2014 was Waddell & Reed Financial, an estimated $88.7M added.
  • The largest Align Technology seller in Q1 2014 was Fidelity Investments, an estimated $222M sold.

Based on aggregated 13F filings for Q1 2014.