Novanta
NOVT
258 hedge funds and large institutions have $6.45B invested in Novanta in 2023 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 88 increasing their positions, 97 reducing their positions, and 17 closing their positions.
94% more call options, than puts
Call options by funds: $2.32M | Put options by funds: $1.2M
53% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 17
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
14% more capital invested
Capital invested by funds: $5.64B → $6.45B (+$812M)
3% more funds holding
Funds holding: 250 → 258 (+8)
9% less repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 97
1.41% less ownership
Funds ownership: 99.27% → 97.86% (-1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$39.7M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$26.2M |
| 3 |
FAM
Fred Alger Management
New York
|
+$13.2M |
| 4 |
SCM
Sandler Capital Management
New York
|
+$8.49M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$6.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
-$25.9M |
| 2 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
-$25.1M |
| 3 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$20.9M |
| 4 |
William Blair Investment Management
Chicago,
Illinois
|
-$12.6M |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$12.3M |
NOVT Hedge Fund Activity: Q2 2023 in Review
258 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Novanta (NOVT) for Q2 2023, worth a combined $6.45B — up 14% from $5.64B a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new NOVT positions and 17 closed out — a net gain of 9 holders — while 88 added to existing stakes and 97 trimmed.
The largest buyer was Vanguard Group, adding an estimated $39.7M. The largest seller was Champlain Investment Partners, cutting an estimated $25.9M.
- 258 institutional investors held Novanta (NOVT) as of Q2 2023, up from 250 in Q1 2023.
- Funds reported $6.45B of Novanta stock for Q2 2023, up 14% quarter-over-quarter.
- 26 funds opened new Novanta positions in Q2 2023 and 17 closed out, a net change of +9 holders.
- The largest Novanta buyer in Q2 2023 was Vanguard Group, an estimated $39.7M added.
- The largest Novanta seller in Q2 2023 was Champlain Investment Partners, an estimated $25.9M sold.
Based on aggregated 13F filings for Q2 2023.