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Align Technology

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.

New
Increased
Maintained
Reduced
Closed

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: 248267 (+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: 32 (-1)

Holders
267
Holders Change
+19
Holders Change %
+7.66%
% of All Funds
7.71%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.06%
New
53
Increased
106
Reduced
89
Closed
31
Calls
$30M
Puts
$20.9M
Net Calls
+$9.13M
Net Calls Change
-$5.71M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$245M +$4.12M +73,614 +2%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$229M -$222M -3,964,478 -47%
KCM
3
Kornitzer Capital Management
Kansas
$199M -$14.5M -259,253 -6%
Bank of New York Mellon
4
Bank of New York Mellon
New York
$177M -$3.09M -55,170 -2%
BFA
5
BlackRock Fund Advisors
California
$170M -$36.5M -651,826 -17%
BIT
6
BlackRock Institutional Trust
California
$147M +$35.1M +626,971 +28%
State Street
7
State Street
Massachusetts
$126M +$29.5M +527,335 +28%
AllianceBernstein
8
AllianceBernstein
Tennessee
$116M +$6.87M +122,685 +6%
EAM
9
Eagle Asset Management
Florida
$103M -$4.11M -73,496 -4%
WRF
10
Waddell & Reed Financial
Kansas
$91.5M +$88.7M +1,585,080 +871%
Northern Trust
11
Northern Trust
Illinois
$76.4M +$21.6M +386,318 +35%
DGI
12
Disciplined Growth Investors
Minnesota
$64.2M +$1.98M +35,350 +3%
William Blair & Company
13
William Blair & Company
Illinois
$64.1M -$1.01M -18,032 -1%
TCM
14
TimesSquare Capital Management
New York
$59.7M +$8.83M +157,650 +16%
Ameriprise
15
Ameriprise
Minnesota
$55M -$8.07M -144,229 -12%
GCM
16
Geneva Capital Management
Wisconsin
$54.5M -$1.28M -22,866 -2%
FAM
17
Fred Alger Management
New York
$41.5M +$1.44M +25,743 +3%
ORI
18
Oak Ridge Investments
Illinois
$41.2M +$756K +13,511 +2%
T. Rowe Price Associates
19
T. Rowe Price Associates
Maryland
$40.8M +$27.6M +492,294 +167%
Renaissance Technologies
20
Renaissance Technologies
New York
$39.3M +$4.64M +82,896 +12%
Lord, Abbett & Co
21
Lord, Abbett & Co
New Jersey
$36.8M -$21.9M -391,151 -36%
CCA
22
Conestoga Capital Advisors
Pennsylvania
$36.4M +$2.39M +42,706 +6%
BA
23
BlackRock Advisors
Delaware
$29.1M -$807K -14,419 -3%
Charles Schwab
24
Charles Schwab
California
$27.3M +$12M +213,837 +68%
Dimensional Fund Advisors
25
Dimensional Fund Advisors
Texas
$27.2M -$3M -53,524 -9%

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.