Align Technology
ALGN
602 hedge funds and large institutions have $11.9B invested in Align Technology in 2019 Q3 according to their latest regulatory filings, with 68 funds opening new positions, 211 increasing their positions, 238 reducing their positions, and 142 closing their positions.
7.41% less ownership
Funds ownership: 89.54% → 82.13% (-7.4%)
11% less funds holding
Funds holding: 678 → 602 (-76)
11% less repeat investments, than reductions
Existing positions increased: 211 | Existing positions reduced: 238
36% less capital invested
Capital invested by funds: $18.6B → $11.9B (-$6.69B)
36% less call options, than puts
Call options by funds: $307M | Put options by funds: $483M
52% less first-time investments, than exits
New positions opened: 68 | Existing positions closed: 142
55% less funds holding in top 10
Funds holding in top 10: 11 → 5 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Edgewood Management
Greenwich,
Connecticut
|
+$340M |
| 2 |
HA
HHLR Advisors
Grand Cayman,
Cayman Islands
|
+$325M |
| 3 |
Capital World Investors
Los Angeles,
California
|
+$206M |
| 4 |
BCM
Bares Capital Management
Austin,
Texas
|
+$196M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$103M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$787M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$272M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$155M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$133M |
| 5 |
Winslow Capital Management
Minneapolis,
Minnesota
|
-$114M |
ALGN Hedge Fund Activity: Q3 2019 in Review
602 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Align Technology (ALGN) for Q3 2019, worth a combined $11.9B — down 36% from $18.6B a quarter earlier.
Sellers outnumbered buyers: 142 funds closed out of ALGN and 68 opened new positions — a net loss of 74 holders — while 238 trimmed existing stakes and 211 added.
The largest buyer was Edgewood Management, adding an estimated $340M. The largest seller was Private Advisor Group, cutting an estimated $787M.
- 602 institutional investors held Align Technology (ALGN) as of Q3 2019, down from 678 in Q2 2019.
- Funds reported $11.9B of Align Technology stock for Q3 2019, down 36% quarter-over-quarter.
- 68 funds opened new Align Technology positions in Q3 2019 and 142 closed out, a net change of -74 holders.
- The largest Align Technology buyer in Q3 2019 was Edgewood Management, an estimated $340M added.
- The largest Align Technology seller in Q3 2019 was Private Advisor Group, an estimated $787M sold.
Based on aggregated 13F filings for Q3 2019.