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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
CTC
501
Central Trust Company
Missouri
$83K – – –
WTC
502
WhitTier Trust Company
Nevada
$80K – – –
CAPTRUST Financial Advisors
503
CAPTRUST Financial Advisors
North Carolina
$78K +$119K +496 New
QCG
504
Quadrant Capital Group
Ohio
$69K -$718 -3 -0.8%
CCM
505
Covington Capital Management
California
$67K -$76.9K -321 -46%
MAM
506
Meeder Asset Management
Ohio
$66K +$18K +75 +25%
WT
507
Whittier Trust
California
$64K -$3.35K -14 -4%
IUHSA
508
Itau Unibanco Holding S.A.
Brazil
$62K +$86K +359 New
PA
509
Parallel Advisors
California
$61K -$24.9K -104 -23%
S
510
SignatureFD
Georgia
$56K +$718 +3 +0.9%
CT
511
Caldwell Trust
Florida
$54.6K – – –
JAM
512
JCIC Asset Management
Ontario, Canada
$44K -$28K -117 -31%
KPW
513
Kore Private Wealth
New York
$44K -$9.58K -40 -14%
FHA
514
First Horizon Advisors
Tennessee
$44K -$479 -2 -0.8%
SIAS
515
Shine Investment Advisory Services
Colorado
$42K -$29K -121 -34%
BWL
516
Bogart Wealth LLC
Virginia
$42K – – –
AssetMark Inc
517
AssetMark Inc
California
$37K – – –
HNB
518
Huntington National Bank
Ohio
$37K – – –
KPCM
519
Kings Point Capital Management
New York
$35K -$10.1K -42 -17%
JGIA
520
Jackson Grant Investment Advisers
Connecticut
$35K – – –
PB
521
Pinnacle Bancorp
Nebraska
$35K – – –
Marshall Wace
522
Marshall Wace
United Kingdom
$35K +$48.4K +202 New
JWBC
523
John W. Brooker & Co
California
$34K – – –
TPCW
524
TD Private Client Wealth
New York
$32.9K -$6.94K -29 -13%
GWS
525
Glassman Wealth Services
Virginia
$32K -$135K -563 -75%
19 20
21
22 23

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.