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 ($68.0m this quarter). Holder counts are more reliable. Shares outstanding: 76.5m as of 2023-07-28, 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 ≈ $353.40. Options: 29 managers hold calls ($408.3m notional), 30 hold puts ($457.8m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 732 |
| Q4 2022 | 712 |
| Q1 2023 | 771 |
| Q2 2023 | 773 |
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 |
| Q2 2023 | 320 | 399 |
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 |
| Q2 2023 | $408.3m | $457.8m | 1.12 |
Biggest buyers
| WELLINGTON MANAGEMENT GROUP LLP | Added | +828.0k |
| JPMORGAN CHASE & CO | Added | +354.0k |
| Invesco Ltd. | Added | +230.6k |
| BlackRock Inc. | Added | +222.7k |
| Employees Provident Fund Board | Added | +208.4k |
| Man Group plc | New | +188.1k |
| JUPITER ASSET MANAGEMENT LTD | New | +184.3k |
| WESTFIELD CAPITAL MANAGEMENT CO LP | New | +176.7k |
| CIBC Private Wealth Group LLC | Added | +133.9k |
| Bank of New York Mellon Corp | Added | +128.5k |
Biggest sellers
| CITADEL ADVISORS LLC | Reduced | -862.5k |
| LORD, ABBETT & CO. LLC | Reduced | -633.9k |
| Bares Capital Management, Inc. | Reduced | -300.7k |
| SANDS CAPITAL MANAGEMENT, LLC | Reduced | -235.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -166.5k |
| SCOUT INVESTMENTS, INC. | Reduced | -154.4k |
| VANGUARD GROUP INC | Reduced | -135.2k |
| Balyasny Asset Management L.P. | Reduced | -129.4k |
| EDGEWOOD MANAGEMENT LLC | Reduced | -105.5k |
| FMR LLC | Reduced | -93.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $96.8m273.6k shares |
| CITADEL ADVISORS LLC | Reduced | $89.5m253.0k shares |
| JANE STREET GROUP, LLC | Reduced | $46.1m130.4k shares |
| JPMORGAN CHASE & CO | New | $22.6m63.9k shares |
| IMC-Chicago, LLC | Reduced | $17.3m49.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $16.4m46.3k shares |
| WOLVERINE TRADING, LLC | New | $16.0m46.9k shares |
| PEAK6 Investments LLC | Added | $15.7m44.5k shares |
| Walleye Trading LLC | Reduced | $13.7m38.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $10.5m29.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $107.2m303.2k shares |
| CITADEL ADVISORS LLC | Reduced | $97.7m276.3k shares |
| JANE STREET GROUP, LLC | Reduced | $31.6m89.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $25.1m71.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $22.6m63.9k shares |
| Twin Tree Management, LP | Added | $20.5m57.9k shares |
| MILLENNIUM MANAGEMENT LLC | New | $18.6m52.5k shares |
| Walleye Trading LLC | Reduced | $15.8m44.8k shares |
| IMC-Chicago, LLC | Reduced | $14.8m41.8k shares |
| Sio Capital Management, LLC | New | $12.2m34.5k 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2023 | 1 | $2.0m | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-05-30 | Dallas Kevin J Director | Bought | $2.0m7.0k 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, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.07% of their portfolio | 8.3m $2.9bn | Reduced -135.2k |
| BlackRock Inc. 0.05% of their portfolio | 5.6m $2.0bn | Added +222.7k |
| JPMORGAN CHASE & CO 0.13% of their portfolio | 3.3m $1.2bn | Added +354.0k |
| EDGEWOOD MANAGEMENT LLC 3.52% of their portfolio | 3.3m $1.2bn | Reduced -105.5k |
| STATE STREET CORP 0.06% of their portfolio | 3.1m $1.1bn | Added +59.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.17% of their portfolio | 2.5m $891.0m | Added +828.0k |
| Capital World Investors 0.14% of their portfolio | 2.1m $747.3m | Reduced -47.0k |
| SANDS CAPITAL MANAGEMENT, LLC 2.26% of their portfolio | 2.1m $728.7m | Reduced -235.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 1.6m $562.5m | Added +11.2k |
| POLEN CAPITAL MANAGEMENT LLC 1.39% of their portfolio | 1.6m $559.5m | Reduced -39.3k |
| Nuveen Asset Management, LLC 0.16% of their portfolio | 1.3m $447.0m | Added +80.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.06% of their portfolio | 1.2m $440.8m | Reduced -166.5k |
| Bank of New York Mellon Corp 0.09% of their portfolio | 1.2m $424.1m | Added +128.5k |
| ALLIANCEBERNSTEIN L.P. 0.17% of their portfolio | 1.1m $405.7m | Added +24.1k |
| BROWN ADVISORY INC 0.61% of their portfolio | 1.1m $388.2m | Reduced -26.0k |
| MORGAN STANLEY 0.03% of their portfolio | 927.6k $328.0m | Reduced -66.0k |
| Invesco Ltd. 0.08% of their portfolio | 832.0k $294.2m | Added +230.6k |
| NORTHERN TRUST CORP 0.06% of their portfolio | 810.0k $286.4m | Reduced -8.6k |
| NORGES BANK 0.05% of their portfolio | 727.6k $257.3m | Reduced -2.7k |
| Allianz Asset Management GmbH 0.42% of their portfolio | 590.7k $208.9m | Reduced -17.2k |
| Champlain Investment Partners, LLC 1.26% of their portfolio | 579.1k $204.8m | Added +2.6k |
| Thrivent Financial for Lutherans 0.44% of their portfolio | 550.7k $194.7m | Added +13.1k |
| Bares Capital Management, Inc. 6.73% of their portfolio | 550.6k $194.7m | Reduced -300.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.20% of their portfolio | 549.2k $194.2m | Added +8.4k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 536.7k $189.8m | Reduced -33.7k |
| Fisher Asset Management, LLC 0.10% of their portfolio | 536.0k $189.6m | Reduced -3.3k |
| Legal & General Group Plc 0.06% of their portfolio | 522.8k $184.9m | Added +34.5k |
| CITADEL ADVISORS LLC 0.19% of their portfolio | 487.7k $172.5m | Reduced -862.5k |
| DISCIPLINED GROWTH INVESTORS INC /MN 3.64% of their portfolio | 456.2k $161.3m | Reduced -13.3k |
| KEYBANK NATIONAL ASSOCIATION/OH 0.69% of their portfolio | 426.8k $150.9m | Reduced -1.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 401.3k $141.9m | Reduced -3.4k |
| CREDIT SUISSE AG/ 0.14% of their portfolio | 396.4k $140.2m | Added +15.9k |
| Navera Investment Management Ltd. 3.26% of their portfolio | 358.4k $126.8m | Added +470 |
| PARNASSUS INVESTMENTS, LLC 0.29% of their portfolio | 355.0k $125.6m | Reduced -5.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 344.0k $114.9m | Unchanged |
| CIBC Private Wealth Group LLC 0.13% of their portfolio | 339.1k $119.9m | Added +133.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 311.1k $110.0m | Reduced -59.0k |
| MILLENNIUM MANAGEMENT LLC 0.11% of their portfolio | 305.3k $108.0m | Reduced -21.1k |
| FMR LLC 0.01% of their portfolio | 287.1k $101.5m | Reduced -93.7k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 284.9k $100.8m | Added +7.9k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 280.7k $99.3m | Added +15.1k |
| EAGLE ASSET MANAGEMENT INC 0.53% of their portfolio | 269.2k $95.2m | Added +86.4k |
| Railway Pension Investments Ltd 0.94% of their portfolio | 266.7k $94.3m | Added +41.3k |
| RIVERBRIDGE PARTNERS LLC 1.18% of their portfolio | 265.4k $93.8m | Added +9.7k |
| Swiss National Bank 0.06% of their portfolio | 263.2k $93.1m | Reduced -31.2k |
| LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA 0.92% of their portfolio | 243.9k $86.2m | Reduced -1.7k |
| JANUS HENDERSON GROUP PLC 0.05% of their portfolio | 243.6k $86.2m | Reduced -51.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.10% of their portfolio | 238.3k $84.3m | Added +100.1k |
| Allspring Global Investments Holdings, LLC 0.13% of their portfolio | 231.0k $81.7m | Added +24.5k |
| Amundi 0.04% of their portfolio | 230.0k $79.3m | Added +14.0k |
| Baird Financial Group, Inc. 0.21% of their portfolio | 229.9k $81.3m | Added +32.3k |
| BRAIDWELL LP 2.59% of their portfolio | 224.0k $79.2m | Added +16.9k |
| Artisan Partners Limited Partnership 0.12% of their portfolio | 218.9k $77.4m | Reduced -3.9k |
| LORD, ABBETT & CO. LLC 0.13% of their portfolio | 218.2k $77.2m | Reduced -633.9k |
| Rock Springs Capital Management LP 1.83% of their portfolio | 217.0k $76.7m | Reduced -30.4k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 213.3k $75.4m | Reduced -19.1k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 211.1k $74.7m | Reduced -3.8k |
| Employees Provident Fund Board 1.76% of their portfolio | 209.7k $74.2m | Added +208.4k |
| BESSEMER GROUP INC 0.16% of their portfolio | 206.7k $73.1m | Added +6.6k |
| Man Group plc 0.21% of their portfolio | 188.1k $66.5m | New |
| SEI INVESTMENTS CO 0.11% of their portfolio | 186.4k $65.9m | Added +10.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 185.0k $65.4m | Reduced -28.5k |
| TCW GROUP INC 0.72% of their portfolio | 184.6k $65.3m | Reduced -15.4k |
| JUPITER ASSET MANAGEMENT LTD 0.71% of their portfolio | 184.3k $65.2m | New |
| BLAIR WILLIAM & CO/IL 0.24% of their portfolio | 183.7k $65.0m | Added +8.3k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.40% of their portfolio | 176.7k $62.5m | New |
| Bellevue Group AG 0.86% of their portfolio | 171.1k $60.5m | Unchanged |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.57% of their portfolio | 169.2k $59.8m | Added +6.1k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 168.5k $59.6m | Added +41.6k |
| Bridgewater Associates, LP 0.35% of their portfolio | 158.8k $56.2m | Added +31.3k |
| Provident Investment Management, Inc. 5.88% of their portfolio | 157.2k $55.6m | Reduced -85 |
| ARGENT CAPITAL MANAGEMENT LLC 1.78% of their portfolio | 155.0k $54.8m | Reduced -2.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 150.5k $53.2m | Reduced -3.9k |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 149.8k $53.0m | Added +1.3k |
| UBS Group AG 0.02% of their portfolio | 148.2k $52.4m | Added +20.5k |
| Korea Investment CORP 0.14% of their portfolio | 144.9k $51.3m | Added +58.3k |
| NORDEA INVESTMENT MANAGEMENT AB 0.07% of their portfolio | 143.8k $50.4m | Added +30.5k |
| BARCLAYS PLC 0.03% of their portfolio | 143.6k $50.8m | Added +47.7k |
| California Public Employees Retirement System 0.04% of their portfolio | 140.3k $49.6m | Added +17.0k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.83% of their portfolio | 139.3k $49.3m | Added +23.7k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.20% of their portfolio | 138.3k $48.9m | Added +5.4k |
| ArrowMark Colorado Holdings LLC 0.50% of their portfolio | 129.8k $45.9m | Added +7.1k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 124.1k $44.0m | Reduced -20.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 119.6k $42.3m | Reduced -5.6k |
| FACTORY MUTUAL INSURANCE CO 0.59% of their portfolio | 113.5k $40.1m | Added +14.3k |
| National Pension Service 0.06% of their portfolio | 113.4k $38.8m | Reduced -7.4k |
| JANE STREET GROUP, LLC 0.05% of their portfolio | 113.0k $39.9m | Added +69.6k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 106.6k $37.7m | Reduced -2.1k |
| TORONTO DOMINION BANK 0.03% of their portfolio | 103.6k $36.6m | Added +65.2k |
| CAPITAL FUND MANAGEMENT S.A. 0.56% of their portfolio | 101.6k $35.9m | Added +84.5k |
| US BANCORP \DE\ 0.06% of their portfolio | 100.1k $35.4m | Reduced -805 |
| AQR CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 97.4k $34.0m | Added +13.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.16% of their portfolio | 97.2k $34.4m | Reduced -36.7k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 94.6k $33.5m | Added +3.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 93.4k $33.0m | Added +55.1k |
| Impax Asset Management Group plc 0.13% of their portfolio | 93.1k $32.9m | New |
| Public Sector Pension Investment Board 0.23% of their portfolio | 92.6k $32.7m | Reduced -1.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.07% of their portfolio | 92.2k $32.6m | Added +283 |
| CITIGROUP INC 0.04% of their portfolio | 92.0k $32.5m | Added +11.6k |
| State of Tennessee, Department of Treasury 0.13% of their portfolio | 89.4k $31.6m | Added +40.3k |