Align Technology
ALGN
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.
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: 248 → 267 (+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: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$88.7M |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$35.1M |
| 3 |
State Street
Boston,
Massachusetts
|
+$29.5M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$27.6M |
| 5 |
Calamos Advisors
Naperville,
Illinois
|
+$26.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$222M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$36.5M |
| 3 |
NFA
Nationwide Fund Advisors
Columbus,
Ohio
|
-$30M |
| 4 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$23.2M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$21.9M |
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.