Align Technology
ALGN
612 hedge funds and large institutions have $11.9B invested in Align Technology in 2020 Q1 according to their latest regulatory filings, with 82 funds opening new positions, 225 increasing their positions, 230 reducing their positions, and 137 closing their positions.
2% more ownership
Funds ownership: 85.21% → 87.21% (+2%)
2% less repeat investments, than reductions
Existing positions increased: 225 | Existing positions reduced: 230
10% less call options, than puts
Call options by funds: $265M | Put options by funds: $293M
9% less funds holding
Funds holding: 670 → 612 (-58)
36% less capital invested
Capital invested by funds: $18.7B → $11.9B (-$6.79B)
40% less first-time investments, than exits
New positions opened: 82 | Existing positions closed: 137
64% less funds holding in top 10
Funds holding in top 10: 11 → 4 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$233M |
| 2 |
HL
Harding Loevner
Bridgewater,
New Jersey
|
+$155M |
| 3 |
BCM
Bares Capital Management
Austin,
Texas
|
+$85.6M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$79.5M |
| 5 |
Renaissance Technologies
New York
|
+$78.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
HHLR Advisors
Grand Cayman,
Cayman Islands
|
-$308M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$258M |
| 3 |
Goldman Sachs
New York
|
-$113M |
| 4 |
CCM
Consonance Capital Management
New York
|
-$75.1M |
| 5 |
Millennium Management
New York
|
-$74.5M |
ALGN Hedge Fund Activity: Q1 2020 in Review
612 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Align Technology (ALGN) for Q1 2020, worth a combined $11.9B — down 36% from $18.7B a quarter earlier.
Sellers outnumbered buyers: 137 funds closed out of ALGN and 82 opened new positions — a net loss of 55 holders — while 230 trimmed existing stakes and 225 added.
The largest buyer was AllianceBernstein, adding an estimated $233M. The largest seller was HHLR Advisors, cutting an estimated $308M.
- 612 institutional investors held Align Technology (ALGN) as of Q1 2020, down from 670 in Q4 2019.
- Funds reported $11.9B of Align Technology stock for Q1 2020, down 36% quarter-over-quarter.
- 82 funds opened new Align Technology positions in Q1 2020 and 137 closed out, a net change of -55 holders.
- The largest Align Technology buyer in Q1 2020 was AllianceBernstein, an estimated $233M added.
- The largest Align Technology seller in Q1 2020 was HHLR Advisors, an estimated $308M sold.
Based on aggregated 13F filings for Q1 2020.