Align Technology, Inc. (NASDAQ: ALGN) designs and manufactures clear aligner systems, intraoral scanners, and digital orthodontic tools used by dentists and orthodontists worldwide. Shares recently traded around $156 per share, giving the company a market capitalization of roughly $11.2B.
After a volatile stretch for discretionary healthcare and dental demand, looking at who owns Align Technology and how insiders are trading helps show how large investors may be positioning around the stock today.
Who Are Align Technology’s Top Shareholders?
Align Technology’s shareholder base is led by major institutional investors that tend to hold through market cycles, which can help support long term ownership stability. Activity among active managers, however, shows a more mixed picture following recent stock volatility.
- The Vanguard Group: 8,267,212 shares (11.52%), ~$1.29B value. Added 58,203 shares (+0.71%).
- Gund (Gordon Zachary): 4,337,648 shares (6.05%), ~$676.8M value. Cut 42,596 shares (-0.97%).
- BlackRock Institutional Trust: 3,354,646 shares (4.68%), ~$523.4M value. Added 4,181 shares (+0.12%).
- Capital International Investors: 3,050,373 shares (4.25%), ~$475.9M value. Added 1,433,393 shares (+88.65%).
- State Street Investment Management: 2,888,274 shares (4.03%), ~$450.7M value. Cut 39,108 shares (-1.34%).
- Ninety One UK Limited: 2,267,192 shares (3.16%), ~$353.7M value. Added 350,883 shares (+18.31%).
- T. Rowe Price Investment Management: 2,256,379 shares (3.14%), ~$352.1M value. Added 414,129 shares (+22.48%).
- Wellington Management: 1,849,793 shares (2.58%), ~$288.6M value. Cut 315,690 shares (-14.58%).
- Geode Capital Management: 1,804,011 shares (2.51%), ~$281.5M value. Added 19,285 shares (+1.08%).
For investors, the takeaway is that Align Technology remains anchored by large passive institutions, while active managers show mixed positioning as they weigh valuation, demand visibility, and the pace of recovery in orthodontic spending.
Hedge Fund Highlights
One highlight from last quarter is Deerfield Management, founded by James Flynn, which boosted its Align Technology position by more than 1,500%. The firm now holds roughly $4M value of the stock, which appears to reflect growing interest after the stock’s pullback.
Another notable move came from Bridgewater Associates, founded by Ray Dalio, which increased its Align Technology stake by over 700% to roughly $2M value, suggesting the firm may be gradually building exposure rather than making a large directional bet.
Schonfeld Strategic Advisors, led by Steven Schonfeld, also raised its Align Technology holdings by more than 270%, bringing its position to about $5M value, which looks like increased activity from multi strategy funds at current price levels.
Finally, GMO, founded by Jeremy Grantham, increased its Align Technology stake by over 250% to roughly $2.6M value, pointing to selective interest rather than broad conviction.
For investors, these hedge fund moves suggest positioning remains cautious but opportunistic, with funds selectively adding exposure following the stock’s decline.
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Align Technology’s Recent Insider Trades
Insider trades can offer useful context on how executives and directors may be managing personal exposure, though transactions are often small relative to total ownership.
- Joseph M. Hogan (Officer & Director): Bought 7,576 shares at ~$131 on 7/31/25 (~$993K).
- Julie Ann Coletti (Officer): Bought 42 shares at ~$110 on 7/30/25 (~$4.6K).
- Joseph S. Lacob (Director): Reported offsetting transactions totaling ~1,700 shares on 5/20/25.
- Charles Raymond Larkin Jr. (Director): Reported offsetting transactions totaling ~1,531 shares on 5/20/25.
- George J. Morrow (Director): Reported offsetting transactions totaling ~1,700 shares on 5/20/25.
- Susan E. Siegel (Director): Reported offsetting transactions totaling ~1,700 shares on 5/20/25.
- Kevin T. Conroy (Director): Reported offsetting transactions totaling ~1,700 shares on 5/20/25.
- Andrea Lynn Saia (Director): Reported offsetting transactions totaling ~1,700 shares on 5/20/25.
It appears most insider activity is small and may be tied to compensation or administrative reporting rather than strong directional signals, and for investors these trades do not meaningfully alter Align Technology’s ownership picture.
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What the Ownership & Insider Trade Data Tell Us
Align Technology’s shareholder base remains heavily institutional, which helps provide stability despite recent stock volatility. Active managers and hedge funds show mixed but increasingly selective positioning, while insider activity appears limited in size and impact.
For investors, the overall picture suggests cautious long term interest, with institutions watching demand recovery and growth consistency rather than making aggressive moves.
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