Align Technology
ALGN
788 hedge funds and large institutions have $18.1B invested in Align Technology in 2023 Q4 according to their latest regulatory filings, with 104 funds opening new positions, 271 increasing their positions, 304 reducing their positions, and 113 closing their positions.
0.37% less ownership
Funds ownership: 86.77% → 86.4% (-0.37%)
8% less first-time investments, than exits
New positions opened: 104 | Existing positions closed: 113
9% less call options, than puts
Call options by funds: $584M | Put options by funds: $645M
2% less funds holding
Funds holding: 807 → 788 (-19)
11% less capital invested
Capital invested by funds: $20.3B → $18.1B (-$2.16B)
11% less repeat investments, than reductions
Existing positions increased: 271 | Existing positions reduced: 304
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$343M |
| 2 |
BlackRock
New York
|
+$212M |
| 3 |
Millennium Management
New York
|
+$123M |
| 4 |
Brown Advisory
Baltimore,
Maryland
|
+$105M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$103M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Edgewood Management
Greenwich,
Connecticut
|
-$872M |
| 2 |
JP Morgan Chase
New York
|
-$427M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$117M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$75.1M |
| 5 |
Polen Capital Management
Boca Raton,
Florida
|
-$65.4M |
ALGN Hedge Fund Activity: Q4 2023 in Review
788 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Align Technology (ALGN) for Q4 2023, worth a combined $18.1B — down 11% from $20.3B a quarter earlier.
Sellers outnumbered buyers: 113 funds closed out of ALGN and 104 opened new positions — a net loss of 9 holders — while 304 trimmed existing stakes and 271 added.
The largest buyer was Morgan Stanley, adding an estimated $343M. The largest seller was Edgewood Management, exiting entirely with an estimated $872M sold.
- 788 institutional investors held Align Technology (ALGN) as of Q4 2023, down from 807 in Q3 2023.
- Funds reported $18.1B of Align Technology stock for Q4 2023, down 11% quarter-over-quarter.
- 104 funds opened new Align Technology positions in Q4 2023 and 113 closed out, a net change of -9 holders.
- The largest Align Technology buyer in Q4 2023 was Morgan Stanley, an estimated $343M added.
- The largest Align Technology seller in Q4 2023 was Edgewood Management, an estimated $872M sold.
Based on aggregated 13F filings for Q4 2023.