ALIGN TECHNOLOGY INC ALGN
COM · Common Stock · CUSIP 016255101 · ISIN US0162551016
Company in San Jose, United States
- SectorHealth care
- IndustryOrthopedic, Prosthetic & Surgical Appliances & Supplies
- HeadquartersTempe, AZ
- Founded1997
- Websitealigntech.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($74.3m this quarter). Holder counts are more reliable. Shares outstanding: 76.5m as of 2023-04-28, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $333.74. Options: 32 managers hold calls ($666.1m notional), 25 hold puts ($507.9m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 732 |
| Q4 2022 | 712 |
| Q1 2023 | 771 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 316 | 380 |
| Q1 2023 | 405 | 336 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $411.2m | $265.2m | 0.65 |
| Q4 2022 | $391.8m | $267.3m | 0.68 |
| Q1 2023 | $666.1m | $507.9m | 0.76 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +2.7m |
| CITADEL ADVISORS LLC | Added | +947.7k |
| LORD, ABBETT & CO. LLC | New | +852.0k |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +495.8k |
| MILLENNIUM MANAGEMENT LLC | Added | +307.0k |
| Nuveen Asset Management, LLC | Added | +269.4k |
| FMR LLC | Added | +231.9k |
| EAGLE ASSET MANAGEMENT INC | New | +182.8k |
| ARGENT CAPITAL MANAGEMENT LLC | Added | +155.7k |
| GOLDMAN SACHS GROUP INC | Added | +127.9k |
Biggest sellers
| Harding Loevner LP | Reduced | -561.1k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -451.2k |
| FEDERATED HERMES, INC. | Reduced | -369.9k |
| SANDS CAPITAL MANAGEMENT, LLC | Reduced | -364.5k |
| COMGEST GLOBAL INVESTORS S.A.S. | Reduced | -347.4k |
| Camber Capital Management LP | Reduced | -325.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -290.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -220.6k |
| Amundi | Reduced | -217.7k |
| Invesco Ltd. | Reduced | -195.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $157.5m471.3k shares |
| CITADEL ADVISORS LLC | Reduced | $139.0m415.9k shares |
| BANK OF AMERICA CORP /DE/ | New | $97.2m291.0k shares |
| Balyasny Asset Management L.P. | Added | $78.2m234.0k shares |
| JANE STREET GROUP, LLC | Reduced | $48.5m145.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $25.4m76.1k shares |
| Walleye Trading LLC | Reduced | $22.2m66.5k shares |
| IMC-Chicago, LLC | Added | $19.1m57.2k shares |
| PEAK6 Investments LLC | Added | $12.0m35.9k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $9.8m29.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $148.2m443.4k shares |
| CITADEL ADVISORS LLC | Added | $115.9m347.0k shares |
| JANE STREET GROUP, LLC | Added | $48.4m144.7k shares |
| SIMPLEX TRADING, LLC | Added | $44.9m134.5k shares |
| Walleye Trading LLC | Reduced | $31.0m92.7k shares |
| IMC-Chicago, LLC | Added | $21.5m64.4k shares |
| UBS Group AG | New | $18.6m55.6k shares |
| Twin Tree Management, LP | New | $14.7m43.9k shares |
| D. E. Shaw & Co., Inc. | Added | $13.4m40.0k shares |
| PEAK6 Investments LLC | Added | $10.8m32.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.9% |
| FMR LLC 13G · institution new · filed 2026-08-06 | 5.7% |
| BlackRock, Inc. 13G · institution -1.3 pts · filed 2026-01-21 | 5.7% |
| Capital International Investors 13G · institution -1.3 pts · filed 2026-05-14 | 5.5% |
Fell to 5% or below in the last year: Gund G Zachary (2.6%, 2026-08-12), Capital World Investors (5.0%, 2026-08-12), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 2 | $5.6m | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 2 | $2.3m | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 3 | $2.5m | 0 | — | — |
| Q1 2023 | 2 | $1.2m | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-02-08 | HOGAN JOSEPH M President and CEO, director | Bought | $999.9k2.9k shares |
| 2023-02-08 | Morici John EVP & Chief Financial Officer | Bought | $200.7k587 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.07% of their portfolio | 8.4m $2.8bn | Added +66.7k |
| BlackRock Inc. 0.05% of their portfolio | 5.4m $1.8bn | Reduced -102.6k |
| EDGEWOOD MANAGEMENT LLC 3.62% of their portfolio | 3.4m $1.1bn | Reduced -25.7k |
| STATE STREET CORP 0.06% of their portfolio | 3.0m $999.9m | Reduced -57.4k |
| JPMORGAN CHASE & CO 0.13% of their portfolio | 2.9m $977.1m | Added +2.7m |
| SANDS CAPITAL MANAGEMENT, LLC 2.53% of their portfolio | 2.3m $767.3m | Reduced -364.5k |
| Capital World Investors 0.15% of their portfolio | 2.2m $721.8m | Added +34.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.11% of their portfolio | 1.7m $565.2m | Reduced -451.2k |
| POLEN CAPITAL MANAGEMENT LLC 1.43% of their portfolio | 1.6m $541.8m | Reduced -52.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 1.6m $527.9m | Added +34.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.07% of their portfolio | 1.4m $472.2m | Reduced -220.6k |
| CITADEL ADVISORS LLC 0.49% of their portfolio | 1.4m $451.2m | Added +947.7k |
| Nuveen Asset Management, LLC 0.15% of their portfolio | 1.2m $395.4m | Added +269.4k |
| BROWN ADVISORY INC 0.64% of their portfolio | 1.1m $375.5m | Reduced -21.8k |
| ALLIANCEBERNSTEIN L.P. 0.16% of their portfolio | 1.1m $375.3m | Added +32.7k |
| Bank of New York Mellon Corp 0.08% of their portfolio | 1.1m $357.8m | Reduced -96.6k |
| MORGAN STANLEY 0.04% of their portfolio | 993.6k $332.0m | Reduced -70.7k |
| LORD, ABBETT & CO. LLC 0.51% of their portfolio | 852.0k $284.7m | New |
| Bares Capital Management, Inc. 10.07% of their portfolio | 851.4k $284.5m | Reduced -83.9k |
| NORTHERN TRUST CORP 0.05% of their portfolio | 818.6k $273.5m | Added +5.0k |
| NORGES BANK 0.05% of their portfolio | 730.3k $244.0m | Added +15.8k |
| Allianz Asset Management GmbH 0.42% of their portfolio | 607.9k $203.1m | Added +30.6k |
| Invesco Ltd. 0.06% of their portfolio | 601.4k $200.9m | Reduced -195.4k |
| Champlain Investment Partners, LLC 1.21% of their portfolio | 576.5k $192.6m | Added +37.5k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 570.4k $190.6m | Added +127.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.19% of their portfolio | 540.8k $180.7m | Added +495.8k |
| Fisher Asset Management, LLC 0.11% of their portfolio | 539.3k $180.2m | Reduced -32.4k |
| Thrivent Financial for Lutherans 0.44% of their portfolio | 537.6k $179.6m | Added +3.3k |
| Legal & General Group Plc 0.06% of their portfolio | 488.3k $163.2m | Reduced -2.0k |
| DISCIPLINED GROWTH INVESTORS INC /MN 4.03% of their portfolio | 469.5k $156.9m | Reduced -41.9k |
| KEYBANK NATIONAL ASSOCIATION/OH 0.68% of their portfolio | 428.0k $143.0m | Added +204 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 404.7k $135.2m | Added +7.0k |
| FMR LLC 0.01% of their portfolio | 380.8k $127.2m | Added +231.9k |
| CREDIT SUISSE AG/ 0.13% of their portfolio | 380.5k $127.1m | Reduced -84.3k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 370.1k $123.7m | Added +30.6k |
| PARNASSUS INVESTMENTS, LLC 0.30% of their portfolio | 360.8k $120.6m | Reduced -105.5k |
| Navera Investment Management Ltd. 3.36% of their portfolio | 357.9k $119.5m | Added +28.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 344.0k $114.9m | Reduced -32.3k |
| MILLENNIUM MANAGEMENT LLC 0.13% of their portfolio | 326.5k $109.1m | Added +307.0k |
| JANUS HENDERSON GROUP PLC 0.06% of their portfolio | 295.0k $98.6m | Reduced -79.6k |
| Swiss National Bank 0.07% of their portfolio | 294.4k $98.4m | Reduced -7.1k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 277.0k $92.6m | Added +23.8k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 265.6k $88.8m | Added +45.8k |
| RIVERBRIDGE PARTNERS LLC 1.20% of their portfolio | 255.7k $85.4m | Added +5.0k |
| Rock Springs Capital Management LP 1.97% of their portfolio | 247.3k $82.6m | Reduced -55.0k |
| LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA 0.94% of their portfolio | 245.5k $82.0m | Added +6.5k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 232.5k $77.7m | Reduced -52.1k |
| Railway Pension Investments Ltd 0.77% of their portfolio | 225.3k $75.3m | Unchanged |
| Artisan Partners Limited Partnership 0.12% of their portfolio | 222.8k $74.5m | Reduced -109.0k |
| Amundi 0.04% of their portfolio | 216.1k $68.5m | Reduced -217.7k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 215.0k $71.8m | Added +17.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 213.5k $71.3m | Reduced -1.2k |
| BRAIDWELL LP 2.28% of their portfolio | 207.1k $69.2m | Reduced -12.8k |
| Allspring Global Investments Holdings, LLC 0.11% of their portfolio | 206.5k $69.0m | Added +13.1k |
| CIBC Private Wealth Group LLC 0.08% of their portfolio | 205.2k $68.5m | Added +107.6k |
| BESSEMER GROUP INC 0.16% of their portfolio | 200.1k $66.9m | Added +3.9k |
| TCW GROUP INC 0.85% of their portfolio | 200.0k $66.8m | Reduced -73.7k |
| Baird Financial Group, Inc. 0.16% of their portfolio | 197.6k $66.0m | Reduced -39.0k |
| EAGLE ASSET MANAGEMENT INC 0.36% of their portfolio | 182.8k $61.1m | New |
| SEI INVESTMENTS CO 0.11% of their portfolio | 176.3k $58.9m | Reduced -3.8k |
| BLAIR WILLIAM & CO/IL 0.23% of their portfolio | 175.5k $58.6m | Reduced -24.4k |
| Bellevue Group AG 0.83% of their portfolio | 171.1k $57.2m | Added +91.9k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.56% of their portfolio | 163.1k $54.5m | Added +12.9k |
| SCOUT INVESTMENTS, INC. 1.10% of their portfolio | 161.7k $54.0m | Reduced -2.9k |
| TD Asset Management Inc 0.06% of their portfolio | 158.2k $52.9m | Reduced -11.6k |
| Provident Investment Management, Inc. 5.69% of their portfolio | 157.3k $52.6m | Added +4.2k |
| ARGENT CAPITAL MANAGEMENT LLC 1.82% of their portfolio | 157.0k $52.5m | Added +155.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 154.4k $51.6m | Reduced -5.8k |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 148.5k $49.6m | Added +8.0k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 144.4k $48.4m | Added +27.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.07% of their portfolio | 138.3k $46.2m | Added +53.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio | 138.3k $46.2m | Added +120.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.22% of their portfolio | 133.8k $44.7m | Reduced -290.1k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.20% of their portfolio | 132.9k $44.4m | Added +62.7k |
| Balyasny Asset Management L.P. 0.14% of their portfolio | 131.0k $43.8m | Added +102.1k |
| UBS Group AG 0.02% of their portfolio | 127.6k $42.7m | Added +29.6k |
| Bridgewater Associates, LP 0.26% of their portfolio | 127.5k $42.6m | Added +2.5k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 126.9k $42.4m | Reduced -75.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 125.2k $41.8m | Reduced -1.3k |
| California Public Employees Retirement System 0.04% of their portfolio | 123.3k $41.2m | Reduced -25.0k |
| ArrowMark Colorado Holdings LLC 0.47% of their portfolio | 122.7k $41.0m | Reduced -44.9k |
| National Pension Service 0.07% of their portfolio | 120.9k $37.7m | Reduced -8.9k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.72% of their portfolio | 115.6k $38.6m | New |
| NORDEA INVESTMENT MANAGEMENT AB 0.05% of their portfolio | 113.3k $36.3m | Reduced -122.5k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 108.7k $36.3m | Reduced -2.1k |
| US BANCORP \DE\ 0.06% of their portfolio | 100.9k $33.7m | Added +7.2k |
| Marathon Asset Management Ltd 0.93% of their portfolio | 99.9k $33.4m | Reduced -47.0k |
| FACTORY MUTUAL INSURANCE CO 0.52% of their portfolio | 99.2k $33.1m | Added +27.8k |
| BARCLAYS PLC 0.03% of their portfolio | 95.9k $32.0m | Reduced -54.7k |
| Public Sector Pension Investment Board 0.24% of their portfolio | 93.8k $31.3m | Added +84.8k |
| Epoch Investment Partners, Inc. 0.18% of their portfolio | 92.8k $31.0m | Reduced -113.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.07% of their portfolio | 91.9k $30.7m | Reduced -2.3k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 91.5k $30.4m | Reduced -9.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 90.2k $30.1m | Added +545 |
| BANQUE PICTET & CIE SA 0.29% of their portfolio | 89.5k $29.9m | Reduced -3.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 87.6k $29.3m | Reduced -197 |
| Korea Investment CORP 0.08% of their portfolio | 86.6k $29.0m | Added +65.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 84.4k $28.2m | Reduced -2.7k |
| AQR CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 83.9k $26.9m | Reduced -110.4k |
| CANADA LIFE ASSURANCE Co 0.07% of their portfolio | 83.3k $27.4m | Reduced -31.3k |