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 ($56.7m this quarter). Holder counts are more reliable. Shares outstanding: 75.3m as of 2024-04-26, 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 ≈ $327.62. Options: 29 managers hold calls ($385.3m notional), 30 hold puts ($676.7m).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 732 |
| Q4 2022 | 712 |
| Q1 2023 | 771 |
| Q2 2023 | 773 |
| Q3 2023 | 809 |
| Q4 2023 | 790 |
| Q1 2024 | 819 |
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 |
| Q3 2023 | 386 | 351 |
| Q4 2023 | 340 | 417 |
| Q1 2024 | 405 | 353 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $408.3m | $457.8m | 1.12 |
| Q3 2023 | $512.6m | $483.9m | 0.94 |
| Q4 2023 | $584.0m | $645.2m | 1.10 |
| Q1 2024 | $385.3m | $676.7m | 1.76 |
Biggest buyers
| Ninety One UK Ltd | Added | +1.1m |
| MORGAN STANLEY | Added | +474.8k |
| CITADEL ADVISORS LLC | Added | +470.2k |
| BlackRock Inc. | Added | +369.6k |
| FMR LLC | Added | +333.5k |
| ALLIANCEBERNSTEIN L.P. | Added | +322.0k |
| Bares Capital Management, Inc. | Added | +252.2k |
| Swedbank AB | Added | +249.9k |
| Alyeska Investment Group, L.P. | Added | +178.0k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +172.3k |
Biggest sellers
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -787.1k |
| Qube Research & Technologies Ltd | Reduced | -382.3k |
| HRT FINANCIAL LP | Sold out | -349.6k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -301.3k |
| BROWN ADVISORY INC | Reduced | -280.6k |
| AMERIPRISE FINANCIAL INC | Reduced | -265.5k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -241.2k |
| Amundi | Reduced | -203.2k |
| JANE STREET GROUP, LLC | Reduced | -174.7k |
| Twin Tree Management, LP | Reduced | -172.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $92.6m282.4k shares |
| CITADEL ADVISORS LLC | Reduced | $58.1m177.2k shares |
| JANE STREET GROUP, LLC | Reduced | $28.7m87.6k shares |
| WOLVERINE TRADING, LLC | Reduced | $25.4m77.5k shares |
| IMC-Chicago, LLC | Reduced | $23.5m71.8k shares |
| JPMORGAN CHASE & CO | New | $20.3m62.0k shares |
| BARCLAYS PLC | New | $20.3m62.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $19.3m58.9k shares |
| Cubist Systematic Strategies, LLC | Added | $13.3m40.6k shares |
| Twin Tree Management, LP | Reduced | $12.3m37.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $136.5m416.2k shares |
| CITADEL ADVISORS LLC | Reduced | $89.1m271.8k shares |
| JANE STREET GROUP, LLC | Added | $74.2m226.4k shares |
| Twin Tree Management, LP | Added | $68.5m208.8k shares |
| IMC-Chicago, LLC | Added | $49.5m150.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $39.3m119.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $35.5m108.3k shares |
| Cubist Systematic Strategies, LLC | Added | $20.5m62.6k shares |
| Walleye Trading LLC | Reduced | $20.2m61.7k shares |
| JPMORGAN CHASE & CO | New | $20.0m61.0k 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 2024
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 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 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 1 | $2.0m | 0 | — | — |
| Q1 2024 | 0 | — | 2 | $8.4m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-02-29 | LACOB JOSEPH Director · By Trust | Sold | $4.5m15.0k shares |
| 2024-02-27 | LACOB JOSEPH Director · By Trust | Sold | $3.1m10.0k shares |
| 2024-02-07 | Wright Emory EVP, GLOBAL OPERATIONS · See Footnotes | Sold | $725.5k2.5k 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 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 8.4m $2.7bn | Added +25.4k |
| BlackRock Inc. 0.06% of their portfolio | 7.7m $2.5bn | Added +369.6k |
| JPMORGAN CHASE & CO 0.07% of their portfolio | 4.6m $1.5bn | Added +55.8k |
| STATE STREET CORP 0.04% of their portfolio | 3.1m $1.0bn | Reduced -7.5k |
| MORGAN STANLEY 0.03% of their portfolio | 2.9m $963.4m | Added +474.8k |
| ALLIANCEBERNSTEIN L.P. 0.21% of their portfolio | 1.8m $584.5m | Added +322.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 1.7m $562.7m | Added +45.5k |
| SANDS CAPITAL MANAGEMENT, LLC 1.24% of their portfolio | 1.4m $444.8m | Reduced -73.8k |
| Capital World Investors 0.07% of their portfolio | 1.3m $412.3m | Added +558 |
| BROWN ADVISORY INC 0.54% of their portfolio | 1.2m $402.8m | Reduced -280.6k |
| POLEN CAPITAL MANAGEMENT LLC 0.92% of their portfolio | 1.2m $398.8m | Reduced -52.0k |
| Nuveen Asset Management, LLC 0.12% of their portfolio | 1.2m $396.3m | Added +140.7k |
| Ninety One UK Ltd 1.05% of their portfolio | 1.1m $372.6m | Added +1.1m |
| Bank of New York Mellon Corp 0.07% of their portfolio | 1.1m $371.4m | Added +11.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.06% of their portfolio | 1.0m $331.9m | Reduced -787.1k |
| NORGES BANK 0.04% of their portfolio | 863.0k $283.0m | Added +46.9k |
| Bares Capital Management, Inc. 10.67% of their portfolio | 819.9k $268.9m | Added +252.2k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 761.5k $249.7m | Reduced -27.0k |
| Invesco Ltd. 0.05% of their portfolio | 733.7k $240.6m | Reduced -129.6k |
| DISCIPLINED GROWTH INVESTORS INC /MN 4.21% of their portfolio | 703.9k $230.8m | Added +32.6k |
| Allianz Asset Management GmbH 0.34% of their portfolio | 615.5k $201.8m | Reduced -53.4k |
| Thrivent Financial for Lutherans 0.40% of their portfolio | 606.3k $198.8m | Added +8.1k |
| CITADEL ADVISORS LLC 0.19% of their portfolio | 597.0k $195.8m | Added +470.2k |
| Champlain Investment Partners, LLC 1.04% of their portfolio | 551.3k $180.8m | Reduced -17.3k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 544.1k $178.4m | Added +137.6k |
| MILLENNIUM MANAGEMENT LLC 0.15% of their portfolio | 533.0k $174.8m | Reduced -241.2k |
| MACQUARIE GROUP LTD 0.19% of their portfolio | 506.5k $166.1m | Added +55.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio | 475.1k $155.8m | Added +60.3k |
| Legal & General Group Plc 0.04% of their portfolio | 449.0k $147.2m | Reduced -7.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 439.1k $144.0m | Added +14.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 437.2k $143.4m | Added +43.1k |
| Holocene Advisors, LP 0.52% of their portfolio | 430.7k $141.2m | Added +97.9k |
| KEYBANK NATIONAL ASSOCIATION/OH 0.58% of their portfolio | 427.2k $140.1m | Added +58 |
| FMR LLC 0.01% of their portfolio | 427.1k $140.0m | Added +333.5k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 403.4k $132.3m | Added +115.2k |
| PARNASSUS INVESTMENTS, LLC 0.28% of their portfolio | 396.6k $130.1m | Unchanged |
| Navera Investment Management Ltd. 2.53% of their portfolio | 394.0k $129.1m | Added +11.7k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 386.5k $126.7m | Reduced -265.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 383.0k $125.6m | Added +12.6k |
| Railway Pension Investments Ltd 1.17% of their portfolio | 367.9k $120.6m | Unchanged |
| Alyeska Investment Group, L.P. 0.67% of their portfolio | 329.1k $107.9m | Added +178.0k |
| Amundi 0.04% of their portfolio | 313.7k $94.5m | Reduced -203.2k |
| Swedbank AB 0.14% of their portfolio | 293.1k $96.1m | Added +249.9k |
| RIVERBRIDGE PARTNERS LLC 1.17% of their portfolio | 291.7k $95.7m | Added +1.7k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 281.9k $92.4m | Reduced -17.2k |
| Baird Financial Group, Inc. 0.19% of their portfolio | 278.7k $91.4m | Added +1.2k |
| BARCLAYS PLC 0.04% of their portfolio | 274.0k $89.9m | Added +103.1k |
| EAGLE ASSET MANAGEMENT INC 0.43% of their portfolio | 263.8k $84.3m | Reduced -3.2k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 240.2k $78.8m | Added +8.2k |
| BLAIR WILLIAM & CO/IL 0.24% of their portfolio | 236.8k $77.7m | Reduced -80 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio | 235.3k $77.2m | Added +108.6k |
| LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA 0.70% of their portfolio | 234.8k $70.6m | Reduced -3.3k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 232.6k $76.3m | Added +18.9k |
| Employees Provident Fund Board 1.33% of their portfolio | 231.6k $76.0m | Unchanged |
| CREDIT SUISSE AG/ 0.07% of their portfolio | 222.2k $72.9m | Reduced -157.0k |
| Rock Springs Capital Management LP 1.83% of their portfolio | 220.0k $72.1m | Unchanged |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.32% of their portfolio | 218.8k $71.7m | Added +172.3k |
| Swiss National Bank 0.05% of their portfolio | 217.9k $71.5m | Reduced -9.4k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.34% of their portfolio | 196.1k $64.3m | Added +19.8k |
| Avidity Partners Management LP 2.20% of their portfolio | 189.0k $62.0m | Added +33.2k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.11% of their portfolio | 184.0k $60.3m | Reduced -51.6k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 178.2k $58.4m | Added +1.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 173.8k $57.0m | Reduced -1.2k |
| Cerity Partners LLC 0.15% of their portfolio | 169.7k $55.6m | Added +69.2k |
| BRAIDWELL LP 1.79% of their portfolio | 169.3k $55.5m | Added +22.9k |
| CIBC Private Wealth Group LLC 0.11% of their portfolio | 168.9k $54.0m | Added +6.2k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 165.9k $54.4m | Reduced -2.3k |
| NORDEA INVESTMENT MANAGEMENT AB 0.06% of their portfolio | 160.8k $52.5m | Reduced -99.2k |
| Resona Asset Management Co.,Ltd. 0.31% of their portfolio | 157.2k $51.5m | First filing |
| Bellevue Group AG 0.77% of their portfolio | 154.9k $50.8m | Reduced -4.5k |
| Provident Investment Management, Inc. 4.39% of their portfolio | 152.0k $49.8m | Reduced -684 |
| Point72 Asset Management, L.P. 0.14% of their portfolio | 151.0k $49.5m | Added +109.1k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 145.1k $47.6m | Added +15 |
| Iron Triangle Partners LP 4.82% of their portfolio | 142.0k $46.6m | New |
| FACTORY MUTUAL INSURANCE CO 0.53% of their portfolio | 140.4k $46.0m | Reduced -2.9k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 138.3k $45.3m | Reduced -42.2k |
| ARGENT CAPITAL MANAGEMENT LLC 1.30% of their portfolio | 136.5k $44.8m | Added +78.3k |
| BESSEMER GROUP INC 0.08% of their portfolio | 136.5k $44.8m | Reduced -19.5k |
| California Public Employees Retirement System 0.03% of their portfolio | 136.0k $44.6m | Reduced -3.3k |
| SEI INVESTMENTS CO 0.06% of their portfolio | 131.8k $43.2m | Added +556 |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 130.7k $42.9m | Added +47.0k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.39% of their portfolio | 128.1k $42.0m | Reduced -2.8k |
| Marathon Asset Management Ltd 1.10% of their portfolio | 126.1k $41.3m | Added +25.8k |
| AQR CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 125.0k $40.9m | Reduced -73.7k |
| National Pension Service 0.05% of their portfolio | 121.4k $39.8m | Added +9.3k |
| Ninety One North America, Inc. 1.93% of their portfolio | 121.2k $39.8m | Added +106.9k |
| UBS Group AG 0.01% of their portfolio | 120.7k $39.6m | Reduced -17.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 118.5k $38.9m | Added +210 |
| DAVENPORT & Co LLC 0.24% of their portfolio | 117.0k $38.4m | Added +2.4k |
| ArrowMark Colorado Holdings LLC 0.42% of their portfolio | 114.6k $37.6m | Reduced -47.3k |
| Balyasny Asset Management L.P. 0.10% of their portfolio | 114.6k $37.6m | Reduced -40.8k |
| FEDERATED HERMES, INC. 0.08% of their portfolio | 105.7k $34.6m | Reduced -1.7k |
| Fisher Asset Management, LLC 0.02% of their portfolio | 103.0k $33.8m | Added +1.2k |
| PANAGORA ASSET MANAGEMENT INC 0.18% of their portfolio | 102.7k $33.7m | Reduced -4.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 101.6k $33.3m | Reduced -26.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio | 101.5k $33.3m | Reduced -13.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 101.2k $33.2m | Added +40.9k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 100.3k $32.9m | Added +12.6k |
| Senvest Management, LLC 1.24% of their portfolio | 98.1k $32.2m | New |
| Sofinnova Investments, Inc. 1.85% of their portfolio | 95.5k $31.3m | New |