ALIGNMENT HEALTHCARE INC ALHC
COM · Common Stock · CUSIP 01625V104
- SectorHealth care
- IndustryHospital & Medical Service Plans
- HeadquartersOrange, CA
- 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 ($13.1m this quarter). Holder counts are more reliable. Shares outstanding: 198.0m as of 2025-07-25, 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 ≈ $14.06. Options: 14 managers hold calls ($14.5m notional), 7 hold puts ($2.9m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 150 |
| Q4 2022 | 147 |
| Q1 2023 | 131 |
| Q2 2023 | 142 |
| Q3 2023 | 132 |
| Q4 2023 | 122 |
| Q1 2024 | 131 |
| Q2 2024 | 119 |
| Q3 2024 | 138 |
| Q4 2024 | 173 |
| Q1 2025 | 208 |
| Q2 2025 | 219 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 66 | 70 |
| Q4 2023 | 49 | 67 |
| Q1 2024 | 63 | 64 |
| Q2 2024 | 69 | 64 |
| Q3 2024 | 72 | 52 |
| Q4 2024 | 103 | 49 |
| Q1 2025 | 144 | 58 |
| Q2 2025 | 154 | 91 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $254.9k | $139.5k | 0.55 |
| Q4 2024 | $21.2m | $3.1m | 0.15 |
| Q1 2025 | $17.5m | $4.4m | 0.25 |
| Q2 2025 | $14.5m | $2.9m | 0.20 |
Biggest buyers
| CITADEL ADVISORS LLC | Added | +8.1m |
| MILLENNIUM MANAGEMENT LLC | Added | +3.8m |
| T. Rowe Price Investment Management, Inc. | Added | +3.3m |
| Invesco Ltd. | Added | +2.3m |
| VANGUARD GROUP INC | Added | +2.2m |
| Point72 Asset Management, L.P. | New | +2.0m |
| BlackRock, Inc. | Added | +1.7m |
| BARCLAYS PLC | Added | +1.3m |
| MARSHALL WACE, LLP | Added | +1.3m |
| Qube Research & Technologies Ltd | Added | +1.1m |
Biggest sellers
| GENERAL ATLANTIC, L.P. | Reduced | -17.0m |
| DEERFIELD MANAGEMENT COMPANY, L.P. | Reduced | -4.2m |
| Durable Capital Partners LP | Sold out | -3.6m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -3.4m |
| FMR LLC | Reduced | -2.2m |
| Broad Bay Capital Management, LP | Sold out | -1.1m |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -601.5k |
| First Light Asset Management, LLC | Reduced | -572.8k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | Reduced | -418.8k |
| Cresset Asset Management, LLC | Sold out | -287.6k |
Biggest calls
| PEAK6 LLC | Added | $4.2m298.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.4m242.6k shares |
| HBK INVESTMENTS L P | Not comparable | $2.1m150.0k shares |
| CITADEL ADVISORS LLC | Added | $1.2m85.8k shares |
| JANE STREET GROUP, LLC | Reduced | $1.1m75.0k shares |
| SIMPLEX TRADING, LLC | Added | $728.0k52.0k shares |
| WOLVERINE TRADING, LLC | Added | $684.2k49.4k shares |
| GROUP ONE TRADING LLC | Reduced | $333.2k23.8k shares |
| Walleye Capital LLC | Added | $252.0k18.0k shares |
| Squarepoint Ops LLC | New | $215.6k15.4k shares |
Biggest puts
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | $2.1m151.9k shares |
| CITADEL ADVISORS LLC | Reduced | $414.4k29.6k shares |
| Walleye Trading LLC | Added | $142.8k10.2k shares |
| GROUP ONE TRADING LLC | Unchanged | $92.4k6.6k shares |
| Walleye Capital LLC | Added | $61.6k4.4k shares |
| SIMPLEX TRADING, LLC | Added | $57.0k4.1k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 |
|---|---|
| BlackRock, Inc. 13G · institution +2.2 pts · filed 2026-10-05 | 11.3% |
| WELLINGTON MANAGEMENT GROUP LLP 13G · institution +1.1 pts · filed 2026-05-15 | 8.4% |
| FMR LLC 13G · institution +3.5 pts · filed 2026-02-05 | 7.7% |
| Qatar Investment Authority 13G · passive investor new · filed 2025-09-24 | 6.7% |
| T. Rowe Price Investment Management, Inc. 13G · institution new · filed 2025-08-14 | 6.2% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.7% |
| Invesco Ltd. 13G · institution new · filed 2026-08-13 | 5.0% |
Fell to 5% or below in the last year: GENERAL ATLANTIC, L.P. (0.1%, 2026-05-15), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), CITADEL ADVISORS LLC (3.4%, 2025-11-14)
Insider purchases and sales in Q2 2025
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 2023 | 0 | — | 1 | $80.5k | — |
| Q4 2023 | 0 | — | 2 | $96.7k | $67.8k |
| Q1 2024 | 1 | $496.5k | 6 | $987.3k | — |
| Q2 2024 | 0 | — | 3 | $302.0k | $302.0k |
| Q3 2024 | 0 | — | 7 | $8.1m | $7.9m |
| Q4 2024 | 0 | — | 8 | $8.3m | $7.4m |
| Q1 2025 | 0 | — | 9 | $36.2m | $15.5m |
| Q2 2025 | 0 | — | 7 | $273.4m | $13.7m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-16 | KAO JOHN E Chief Executive Officer, director · See Footnote | Sold plan | $1.3m90.0k shares |
| 2025-06-16 | Maroney Dawn Christine President | Sold plan | $434.4k30.0k shares |
| 2025-06-11 | KAO JOHN E Chief Executive Officer, director · See Footnote | Sold plan | $1.4m90.0k shares |
| 2025-06-11 | Scavo Robert L. Chief Information Officer | Sold plan | $621.1k40.9k shares |
| 2025-06-11 | Wagner Andreas P. Chief Human Resources Officer | Sold plan | $296.0k19.4k shares |
| 2025-06-10 | Scavo Robert L. Chief Information Officer | Sold plan | $876.0k60.0k shares |
| 2025-05-19 | General Atlantic (ALN HLTH), L.P. Director · See footnote | Sold | $259.8m17.0m shares |
| 2025-05-19 | GENERAL ATLANTIC, L.P. +9 Director · See footnote | Sold | $259.8m17.0m shares |
| 2025-05-14 | Maroney Dawn Christine President | Sold plan | $446.3k30.0k shares |
| 2025-05-12 | KAO JOHN E Chief Executive Officer, director · See Footnote | Sold plan | $1.3m90.0k shares |
| 2025-05-01 | JOYCE CHRISTOPHER J Chief Legal and Admin. Officer | Sold plan | $421.8k25.0k shares |
| 2025-04-14 | Maroney Dawn Christine President | Sold plan | $4.4m230.0k shares |
| 2025-04-14 | KAO JOHN E Chief Executive Officer, director · See Footnote | Sold plan | $1.7m90.0k shares |
| 2025-04-01 | JOYCE CHRISTOPHER J Chief Legal and Admin. Officer | Sold plan | $461.8k25.0k 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 2025
| Manager | Shares | Change |
|---|---|---|
| GENERAL ATLANTIC, L.P. 16.97% of their portfolio | 44.0m $615.9m | Reduced -17.0m |
| VANGUARD GROUP INC 0.00% of their portfolio | 13.3m $186.3m | Added +2.2m |
| BlackRock, Inc. 0.00% of their portfolio | 12.4m $173.9m | Added +1.7m |
| T. Rowe Price Investment Management, Inc. 0.11% of their portfolio | 12.3m $172.6m | Added +3.3m |
| FMR LLC 0.01% of their portfolio | 11.0m $154.5m | Reduced -2.2m |
| CITADEL ADVISORS LLC 0.10% of their portfolio | 8.3m $116.5m | Added +8.1m |
| MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio | 6.2m $86.9m | Added +3.8m |
| Hood River Capital Management LLC 1.08% of their portfolio | 5.5m $77.2m | Added +311.4k |
| 8 KNOTS MANAGEMENT, LLC 10.06% of their portfolio | 5.0m $70.2m | Added +300.4k |
| Invesco Ltd. 0.01% of their portfolio | 4.2m $58.4m | Added +2.3m |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 4.1m $58.1m | Reduced -3.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.9m $40.1m | Added +369.9k |
| STATE STREET CORP 0.00% of their portfolio | 2.7m $37.3m | Added +259.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 2.5m $35.0m | Added +440.2k |
| BARCLAYS PLC 0.01% of their portfolio | 2.2m $31.0m | Added +1.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 2.2m $30.7m | Reduced -5.5k |
| NEXT CENTURY GROWTH INVESTORS LLC 2.35% of their portfolio | 2.2m $30.4m | Added +285.1k |
| MARSHALL WACE, LLP 0.03% of their portfolio | 2.0m $28.6m | Added +1.3m |
| VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio | 2.0m $27.8m | Reduced -601.5k |
| Point72 Asset Management, L.P. 0.07% of their portfolio | 2.0m $27.8m | New |
| Assenagon Asset Management S.A. 0.04% of their portfolio | 1.9m $26.2m | Added +1.0m |
| MORGAN STANLEY 0.00% of their portfolio | 1.8m $25.4m | Added +514.7k |
| Nuveen, LLC 0.01% of their portfolio | 1.6m $22.6m | Added +647.2k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 1.5m $21.3m | Added +1.1m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 1.5m $20.7m | Reduced -418.8k |
| Rhenman & Partners Asset Management AB 2.28% of their portfolio | 1.3m $18.0m | Reduced -50.0k |
| TUDOR INVESTMENT CORP ET AL 0.12% of their portfolio | 1.1m $15.9m | Added +761.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.1m $15.4m | Added +145.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 1.1m $14.9m | Reduced -271.1k |
| Jump Financial, LLC 0.18% of their portfolio | 1.1m $14.8m | Added +670.8k |
| Trexquant Investment LP 0.16% of their portfolio | 1.0m $14.5m | Added +474.7k |
| Squarepoint Ops LLC 0.03% of their portfolio | 978.5k $13.7m | Added +711.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 928.0k $13.0m | Added +104.8k |
| Cubist Systematic Strategies, LLC 0.13% of their portfolio | 874.1k $12.2m | Reduced -164.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 868.0k $12.2m | Reduced -104.7k |
| UBS Group AG 0.00% of their portfolio | 824.9k $11.5m | Added +341.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 758.4k $10.6m | Reduced -280.9k |
| Balyasny Asset Management L.P. 0.02% of their portfolio | 748.8k $10.5m | New |
| Granahan Investment Management, LLC 0.43% of their portfolio | 747.1k $10.5m | New |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 663.6k $9.3m | Added +647.5k |
| Allspring Global Investments Holdings, LLC 0.02% of their portfolio | 652.2k $9.3m | Added +10.0k |
| Engineers Gate Manager LP 0.11% of their portfolio | 648.1k $9.1m | Added +165.7k |
| FEDERATED HERMES, INC. 0.02% of their portfolio | 594.5k $8.3m | Added +13.2k |
| TD Asset Management Inc 0.01% of their portfolio | 563.9k $7.9m | Added +99.0k |
| HENNESSY ADVISORS INC 0.26% of their portfolio | 560.9k $7.9m | New |
| Freestone Grove Partners LP 0.06% of their portfolio | 544.3k $7.6m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 536.7k $7.5m | Reduced -208.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 518.8k $7.3m | Added +387.9k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 482.8k $6.8m | Reduced -130.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio | 448.9k $6.3m | Added +379.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 424.6k $5.9m | Added +117.0k |
| ROYCE & ASSOCIATES LP 0.06% of their portfolio | 417.1k $5.8m | Reduced -257.9k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 411.3k $5.8m | Added +134.8k |
| ALGERT GLOBAL LLC 0.12% of their portfolio | 400.5k $5.6m | Added +162.0k |
| Integral Health Asset Management, LLC 0.52% of their portfolio | 400.0k $5.6m | Added +200.0k |
| First Light Asset Management, LLC 0.70% of their portfolio | 383.7k $5.4m | Reduced -572.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 378.2k $5.3m | Reduced -201.3k |
| DEERFIELD MANAGEMENT COMPANY, L.P. 0.09% of their portfolio | 342.6k $4.8m | Reduced -4.2m |
| Quantbot Technologies LP 0.12% of their portfolio | 341.3k $4.8m | New |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 329.4k $4.6m | Reduced -46.5k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 296.7k $4.2m | Reduced -645 |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 274.1k $3.8m | Added +43.6k |
| Aquatic Capital Management LLC 0.07% of their portfolio | 257.8k $3.6m | Added +206.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio | 248.2k $3.4m | Added +55.3k |
| Verition Fund Management LLC 0.02% of their portfolio | 247.7k $3.5m | Added +36.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 243.3k $3.4m | Added +32.4k |
| Walleye Capital LLC 0.03% of their portfolio | 234.3k $3.3m | Added +33.7k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 230.5k $3.2m | Added +90.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 230.1k $3.2m | Added +137.7k |
| Persistent Asset Partners Ltd 2.79% of their portfolio | 227.9k $3.2m | Reduced -36.1k |
| Baird Financial Group, Inc. 0.01% of their portfolio | 216.4k $3.0m | Added +180.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 213.7k $3.0m | Added +39.2k |
| Swiss National Bank 0.00% of their portfolio | 201.5k $2.8m | Added +15.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 201.3k $2.8m | Added +35.6k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 184.7k $2.6m | Added +43.0k |
| Graham Capital Management, L.P. 0.08% of their portfolio | 181.6k $2.5m | Added +152.7k |
| FORMULA GROWTH LTD 0.96% of their portfolio | 181.2k $2.5m | Added +51.2k |
| PDT Partners, LLC 0.14% of their portfolio | 180.1k $2.5m | Added +54.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 177.9k $2.5m | Reduced -216.0k |
| JUPITER ASSET MANAGEMENT LTD 0.02% of their portfolio | 174.1k $2.4m | New |
| CAISSE DES DEPOTS ET CONSIGNATIONS 0.09% of their portfolio | 159.2k $2.2m | Reduced -40.2k |
| LGT Fund Management Co Ltd. 0.19% of their portfolio | 151.5k $2.1m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 149.5k $2.1m | New |
| Hillsdale Investment Management Inc. 0.08% of their portfolio | 148.7k $2.1m | Added +148.3k |
| GILDER GAGNON HOWE & CO LLC 0.02% of their portfolio | 145.6k $2.0m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 141.2k $2.0m | Added +26.9k |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 138.1k $1.9m | Added +74.5k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 137.3k $1.9m | Reduced -68.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 133.2k $1.9m | Added +111.2k |
| Legal & General Group Plc 0.00% of their portfolio | 133.0k $1.9m | Added +33.8k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 129.6k $1.8m | Reduced -46.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 126.6k $1.8m | Added +36.9k |
| Harvest Investment Services, LLC 0.40% of their portfolio | 126.5k $1.8m | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 124.3k $1.7m | Added +64.7k |
| Simplify Asset Management Inc. 0.10% of their portfolio | 120.3k $1.7m | Reduced -13.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 119.5k $1.7m | Added +25.4k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 119.4k $1.7m | Reduced -747 |
| Steward Partners Investment Advisory, LLC 0.01% of their portfolio | 111.5k $1.6m | New |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 110.1k $1.5m | Added +68.2k |
| Brevan Howard Capital Management LP 0.02% of their portfolio | 110.1k $1.5m | Added +36.9k |