Novanta
NOVT
284 hedge funds and large institutions have $6.08B invested in Novanta in 2024 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 89 increasing their positions, 104 reducing their positions, and 12 closing their positions.
242% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 12
11% more funds holding
Funds holding: 257 → 284 (+27)
2% more capital invested
Capital invested by funds: $5.98B → $6.08B (+$99.7M)
2.11% less ownership
Funds ownership: 99.21% → 97.11% (-2.1%)
14% less repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 104
28% less call options, than puts
Call options by funds: $4.79M | Put options by funds: $6.66M
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$16.2M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$14.9M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$13.1M |
| 4 |
TAM
Telemark Asset Management
Boston,
Massachusetts
|
+$8.2M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$7.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$52.7M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$37.7M |
| 3 |
JP Morgan Chase
New York
|
-$15.6M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$12M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$9.14M |
NOVT Hedge Fund Activity: Q1 2024 in Review
284 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Novanta (NOVT) for Q1 2024, worth a combined $6.08B — up 1.7% from $5.98B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new NOVT positions and 12 closed out — a net gain of 29 holders — while 89 added to existing stakes and 104 trimmed.
The largest buyer was Franklin Resources, adding an estimated $16.2M. The largest seller was Morgan Stanley, cutting an estimated $52.7M.
- 284 institutional investors held Novanta (NOVT) as of Q1 2024, up from 257 in Q4 2023.
- Funds reported $6.08B of Novanta stock for Q1 2024, up 1.7% quarter-over-quarter.
- 41 funds opened new Novanta positions in Q1 2024 and 12 closed out, a net change of +29 holders.
- The largest Novanta buyer in Q1 2024 was Franklin Resources, an estimated $16.2M added.
- The largest Novanta seller in Q1 2024 was Morgan Stanley, an estimated $52.7M sold.
Based on aggregated 13F filings for Q1 2024.