Align Technology
ALGN
436 hedge funds and large institutions have $6.65B invested in Align Technology in 2016 Q4 according to their latest regulatory filings, with 89 funds opening new positions, 146 increasing their positions, 156 reducing their positions, and 47 closing their positions.
89% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 47
86.88% more ownership
Funds ownership: 0% → 86.88% (+87%)
13% more funds holding in top 10
Funds holding in top 10: 8 → 9 (+1)
9% more funds holding
Funds holding: 399 → 436 (+37)
2% more capital invested
Capital invested by funds: $6.49B → $6.65B (+$162M)
6% less repeat investments, than reductions
Existing positions increased: 146 | Existing positions reduced: 156
28% less call options, than puts
Call options by funds: $24M | Put options by funds: $33.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Polen Capital Management
Boca Raton,
Florida
|
+$108M |
| 2 |
Renaissance Technologies
New York
|
+$34.6M |
| 3 |
JP Morgan Chase
New York
|
+$30.5M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$26M |
| 5 |
State Street
Boston,
Massachusetts
|
+$25.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$78.9M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$53.9M |
| 3 |
Jennison Associates
New York
|
-$49.1M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$41.6M |
| 5 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$27.9M |
ALGN Hedge Fund Activity: Q4 2016 in Review
436 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Align Technology (ALGN) for Q4 2016, worth a combined $6.65B — up 2.5% from $6.49B a quarter earlier.
Buyers outnumbered sellers: 89 funds opened new ALGN positions and 47 closed out — a net gain of 42 holders — while 146 added to existing stakes and 156 trimmed.
The largest buyer was Polen Capital Management, adding an estimated $108M. The largest seller was AllianceBernstein, cutting an estimated $78.9M.
- 436 institutional investors held Align Technology (ALGN) as of Q4 2016, up from 399 in Q3 2016.
- Funds reported $6.65B of Align Technology stock for Q4 2016, up 2.5% quarter-over-quarter.
- 89 funds opened new Align Technology positions in Q4 2016 and 47 closed out, a net change of +42 holders.
- The largest Align Technology buyer in Q4 2016 was Polen Capital Management, an estimated $108M added.
- The largest Align Technology seller in Q4 2016 was AllianceBernstein, an estimated $78.9M sold.
Based on aggregated 13F filings for Q4 2016.