Align Technology
ALGN
655 hedge funds and large institutions have $16B invested in Align Technology in 2018 Q1 according to their latest regulatory filings, with 91 funds opening new positions, 194 increasing their positions, 280 reducing their positions, and 66 closing their positions.
38% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 66
16% more funds holding in top 10
Funds holding in top 10: 19 → 22 (+3)
12% more capital invested
Capital invested by funds: $14.3B → $16B (+$1.65B)
3% more funds holding
Funds holding: 636 → 655 (+19)
1.14% less ownership
Funds ownership: 80.59% → 79.45% (-1.1%)
31% less repeat investments, than reductions
Existing positions increased: 194 | Existing positions reduced: 280
49% less call options, than puts
Call options by funds: $227M | Put options by funds: $449M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sands Capital Management
Arlington,
Virginia
|
+$696M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$112M |
| 3 |
Renaissance Technologies
New York
|
+$88.5M |
| 4 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$73.9M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$73.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$149M |
| 2 |
Goldman Sachs
New York
|
-$121M |
| 3 |
Viking Global Investors
Stamford,
Connecticut
|
-$121M |
| 4 |
Bank of New York Mellon
New York
|
-$73.4M |
| 5 |
Morgan Stanley
New York
|
-$70.2M |
ALGN Hedge Fund Activity: Q1 2018 in Review
655 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Align Technology (ALGN) for Q1 2018, worth a combined $16B — up 12% from $14.3B a quarter earlier.
Buyers outnumbered sellers: 91 funds opened new ALGN positions and 66 closed out — a net gain of 25 holders — while 194 added to existing stakes and 280 trimmed.
The largest buyer was Sands Capital Management, opening a new position worth an estimated $696M. The largest seller was AllianceBernstein, cutting an estimated $149M.
- 655 institutional investors held Align Technology (ALGN) as of Q1 2018, up from 636 in Q4 2017.
- Funds reported $16B of Align Technology stock for Q1 2018, up 12% quarter-over-quarter.
- 91 funds opened new Align Technology positions in Q1 2018 and 66 closed out, a net change of +25 holders.
- The largest Align Technology buyer in Q1 2018 was Sands Capital Management, an estimated $696M added.
- The largest Align Technology seller in Q1 2018 was AllianceBernstein, an estimated $149M sold.
Based on aggregated 13F filings for Q1 2018.