Align Technology

ALGN • NASDAQ

Align Technology is a medical - devices company in the healthcare sector on NASDAQ, led by Joseph M. Hogan, with a market cap of $11.3B. As of Q3 2025, 94% of shares are held by 641 institutional investors, with VANGUARD GROUP INC as the largest holder at 11.45%.

CEOJoseph M. Hogan

Market Cap$11.3B

Medical - Devices

Healthcare

Employees21.7K

Websitealigntech.com

Country

United States of America

Overview

Overview of institutional ownership in ALGN as of Q3 2025 with a market cap of $9.1B

All Institutions

Institutions: 641
Value Held: $8.5B
Shares Held: 68.6M
Avg Position: $13.3M
Median Position: $751.3K

Hedge Funds

Hedge Funds: 59
Value Held: $864.7M
Shares Held: 6.9M
Avg Position: $14.7M
Median Position: $2.9M

Ownership Breakdown

Institutional (non-HF)

84.16%

$7.6B

Hedge Funds

9.53%

$864.7M

Retail & Other

6.31%

$573.1M

Based on market cap of $9.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ALGN as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$1.0B 0.02% of portfolio	11.45% 8.3M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$620.4M 0.01% of portfolio	6.83% 5.0M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
C Capital International Investors Institution	-	$382.0M 0.06% of portfolio	4.21% 3.1M shares	Q2 2025 Held for 5 months	$615.90B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$361.7M 0.01% of portfolio	3.98% 2.9M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
I Investec Asset Management LTD Long Only Manager	Hendrik Jacobus Du Toit CEO	$283.9M 0.61% of portfolio	3.13% 2.3M shares	Q1 2020 Held for 5y 8m	$46.3B
T T. Rowe Price Investment Management, Inc. Insurance Manager	John Edward Robison President	$282.5M 0.17% of portfolio	3.11% 2.3M shares	Q2 2024 Held for 1y 5m	$161.58B
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Edmund Wellington Iii President	$231.6M 0.04% of portfolio	2.55% 1.8M shares	Q3 2013 Held for 12y 2m	$571.21B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$225.0M 0.01% of portfolio	2.49% 1.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$187.5M 0.03% of portfolio	2.07% 1.5M shares	≤ Q2 2013 Held for 12y 5m+	$633.08B
Holocene Advisors, LP Hedge Fund•Long/Short	John Brandon Haley CIO	$179.0M 0.41% of portfolio	1.97% 1.4M shares	Q3 2025 Held for 2 months	$43.5B

Net Capital Flow

Institutional buying and selling activity for ALGN in Q3 2025

Net Flow: −$148.4M
Buyers: 276
Sellers: 342
Total Bought: +$1.2B
Total Sold: −$1.4B
Avg Position: $11.6M

Biggest Buyers

Institution	Net Bought	Current Position
C Capital International Investors Institution	+$179.5M +1.4M shares	$382.0M 3.1M shares
BANK OF AMERICA CORP /DE/ Institution	+$70.9M +566.5K shares	$169.4M 1.4M shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	+$51.9M +414.1K shares	$282.5M 2.3M shares
Invesco Ltd. ETF Provider	+$51.0M +407.6K shares	$187.5M 1.5M shares
I Investec Asset Management LTD Long Only Manager	+$43.9M +350.9K shares	$283.9M 2.3M shares
A Amundi Institution	+$40.5M +307.9K shares	$73.5M 559.0K shares
UBS Group AG Institution	+$40.1M +319.9K shares	$72.8M 581.3K shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	+$33.6M +268.2K shares	$75.8M 605.5K shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	+$32.0M +255.3K shares	$96.2M 768.3K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$28.3M +226.0K shares	$36.3M 289.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$186.4M −1.5M shares	$23.1M 184.6K shares
V Veritas Investment Partners Ltd. Institution	−$98.3M −785.2K shares	$296.1K 2.4K shares
FMR LLC Institution	−$62.5M −499.4K shares	$105.8M 844.8K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$57.3M −457.4K shares	$37.1M 296.1K shares
A Allianz Asset Management AG Institution	−$51.7M −412.9K shares	$12.3M 97.8K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	−$50.5M −266.8K shares	Sold Off 0 shares
N Nuveen, LLC Institution	−$47.8M −381.9K shares	$33.5M 267.7K shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	−$47.4M −378.5K shares	$3.5M 27.8K shares
A Artemis Investment Management LLP Institution	−$40.5M −213.7K shares	Sold Off 0 shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	−$39.9M −318.7K shares	$398.1K 3.2K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ALGN in Q3 2025

New Positions: 30
New Value: $47.6M
Exited Positions: 130
Exited Value: $316.6M

New Positions

Institution	Position Value
Burgundy Asset Management Ltd. Long Only Manager	$11.2M 78.6K shares
IMC-Chicago, LLC RIA/Wealth	$7.7M 61.9K shares
Glenmede Investment Management, LP Long Only Manager	$7.6M 60.4K shares
INVESTMENT HOUSE LLC Long Only Manager	$6.4M 51.0K shares
Prosight Management, LP Hedge Fund•Long/Short	$2.4M 19.4K shares
Quinn Opportunity Partners LLC Hedge Fund•Event Driven	$2.2M 17.8K shares
Morningstar Investment Management LLC Long Only Manager	$1.7M 13.2K shares
S SIG BROKERAGE, LP Institution	$1.2M 9.8K shares
Main Street Financial Solutions, LLC RIA/Wealth	$1.2M 9.3K shares
D DDD Partners, LLC Institution	$1.2M 9.2K shares

Exited Positions

Institution	Previous Position
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$50.5M 266.8K shares
A Artemis Investment Management LLP Institution	$40.5M 213.7K shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	$34.1M 180.0K shares
Q Qube Research & Technologies Ltd Institution	$31.3M 165.2K shares
Polar Securities Inc. Hedge Fund•Multi-Strategy	$24.4M 128.6K shares
ARGENT CAPITAL MANAGEMENT LLC Long Only Manager	$21.5M 113.4K shares
Trexquant Investment LP Hedge Fund•Quant	$14.8M 78.4K shares
Portolan Capital Management, LLC Hedge Fund•Long/Short	$12.8M 67.7K shares
B Brevan Howard Capital Management LP Institution	$8.2M 43.5K shares
H HRT FINANCIAL LLC Institution	$7.2M 38.1K shares

Options Activity

Institutions with the largest Call and Put options positions in ALGN as of Q3 2025

Call Positions: 21
Call Value: $186.3M
Put Positions: 28
Put Value: $178.9M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$62.9M 5.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$41.0M 3.3K contracts
N Nantahala Capital Management, LLC Hedge Fund•Multi-Strategy	$12.5M 1.0K contracts
J JANE STREET GROUP, LLC Institution	$11.0M 880.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$10.9M 868.0 contracts
W WOLVERINE TRADING, LLC Institution	$10.4M 821.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$7.3M 582.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$5.0M 399.0 contracts
C Cubist Systematic Strategies, LLC Institution	$4.2M 337.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$3.8M 301.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$81.5M 6.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$15.2M 1.2K contracts
W WOLVERINE TRADING, LLC Institution	$14.2M 1.1K contracts
J JANE STREET GROUP, LLC Institution	$11.8M 943.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$8.9M 714.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$7.6M 605.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$7.2M 575.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$6.4M 509.0 contracts
Q Qube Research & Technologies Ltd Institution	$5.4M 429.0 contracts
Walleye Trading LLC RIA/Wealth	$3.2M 259.0 contracts

Most Committed Institutions

Institutions with ALGN as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Bares Capital Management, Inc. Long Only Manager	James Jeffrey Creel CEO	7.04% $76.3M	0.84% 609.7K shares	Q4 2018 Held for 6y 11m	$1.1B
Applied Fundamental Research, LLC Hedge Fund•Value	Theodore H. Wagenknecht CCO	6.80% $7.0M	0.08% 55.9K shares	Q2 2025 Held for 5 months	$102.9M
Laurus Investment Counsel Inc. Long Only Manager	Chris William Page CEO	4.52% $6.6M	0.07% 52.5K shares	Q4 2017 Held for 7y 11m	$145.2M
RIMA SENVEST MANAGEMENT, L.L.C. Hedge Fund•Multi-Strategy	Richard Ron Mashaal Founder	3.31% $103.2M	1.14% 824.2K shares	Q1 2024 Held for 1y 8m	$3.1B
A Alapocas Investment Partners, Inc. RIA/Wealth	Nancy C Littlehale President	2.50% $3.6M	0.04% 29.1K shares	Q4 2024 Held for 11 months	$145.8M
B BRAIDWELL LP Hedge Fund•Multi-Strategy	Brian James Kreiter CEO	2.07% $51.3M	0.57% 409.7K shares	Q4 2022 Held for 2y 11m	$2.5B
C CALIFORNIA FIRST LEASING Corp Institution	-	1.89% $5.2M	0.06% 41.3K shares	Q1 2025 Held for 8 months	$273.1M
DISCIPLINED GROWTH INVESTORS INC /MN Long Only Manager	Scott Allen Hayes President	1.82% $100.7M	1.11% 804.0K shares	≤ Q2 2013 Held for 12y 5m+	$5.5B
Hawk Ridge Management LLC Hedge Fund•Long/Short	David Graham Brown CIO	1.35% $28.8M	0.32% 230.2K shares	Q3 2024 Held for 1y 2m	$2.1B
Rhenman & Partners Asset Management AB RIA/Wealth	Sean Allen Soulvie Managing Partner	1.15% $10.4M	0.11% 83.0K shares	Q3 2023 Held for 2y 2m	$903.7M

Hedge Fund Spotlight

Discover hedge funds investing in ALGN

MANGROVE PARTNERS

Hedge Fund • Multi-Strategy

Portfolio ManagerNathaniel Hall August

Portfolio Value: $1.4B
Positions: 156
Last Reported: Q3 2025

Sector Allocation

Position in Align Technology

Market Value: $462.6K
Shares Held: 3.7K
Portfolio Weight: 0.03%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 ECDAW ECD Automotive Design, Inc. ECDAW	Auto - Manufacturers Consumer Cyclical	$150.8M	10.58%
2 Indivior INDV	Drug Manufacturers - Specialty & Generic Healthcare	$66.1M	4.64%
3 RIO Rio Tinto RIO	Unknown Unknown	$65.9M	4.63%

View full profile

Align Technology

Overview

All Institutions

Hedge Funds

Ownership Breakdown

Biggest Investors

Net Capital Flow

Biggest Buyers

Biggest Sellers

Entry and Exit Activity

New Positions

Exited Positions

Options Activity

Call Positions

Put Positions

Most Committed Institutions

Hedge Fund Spotlight

Position in Align Technology

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