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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$422M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$322M |
| 3 |
TCM
Tybourne Capital Management
Hong Kong
|
+$260M |
| 4 |
MCM
Melvin Capital Management
New York
|
+$221M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$169M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
-$105M |
| 2 |
Polen Capital Management
Boca Raton,
Florida
|
-$101M |
| 3 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$96.9M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$95.9M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$94.6M |
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.