Adagene
ADAG
16 hedge funds and large institutions have $80.5M invested in Adagene in 2021 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 5 increasing their positions, 4 reducing their positions, and 12 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 4
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.29% less ownership
Funds ownership: 12.2% → 10.92% (-1.3%)
30% less capital invested
Capital invested by funds: $116M → $80.5M (-$35M)
41% less funds holding
Funds holding: 27 → 16 (-11)
92% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$13.4M |
| 2 |
AG
Artal Group
Luxembourg
|
+$2.78M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
+$410K |
| 4 |
Millennium Management
New York
|
+$306K |
| 5 |
TMC
Trellus Management Company
Delray Beach,
Florida
|
+$196K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$10.9M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$7.87M |
| 3 |
SVI
Strategic Vision Investment
Hong Kong
|
-$3.74M |
| 4 |
CCM
CAAS Capital Management
New York
|
-$1.24M |
| 5 |
Citigroup
New York
|
-$1.14M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
26
Pinz Capital Management
New York
| – | -$299K | -16,667 | Closed |
|
27
Norges Bank
Oslo,
Norway
| – | -$215K | -12,000 | Closed |
|
28
Legal & General Group
London,
United Kingdom
| – | -$54K | -3,000 | Closed |
|
ADAG Hedge Fund Activity: Q2 2021 in Review
16 of the 5,746 institutional investors tracked by Wall St. Rank reported a position in Adagene (ADAG) for Q2 2021, worth a combined $80.5M — down 30% from $116M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of ADAG and 1 opened new positions — a net loss of 11 holders — while 4 trimmed existing stakes and 5 added.
The largest buyer was Morgan Stanley, adding an estimated $13.4M. The largest seller was Credit Suisse, exiting entirely with an estimated $10.9M sold.
- 16 institutional investors held Adagene (ADAG) as of Q2 2021, down from 27 in Q1 2021.
- Funds reported $80.5M of Adagene stock for Q2 2021, down 30% quarter-over-quarter.
- 1 fund opened new Adagene positions in Q2 2021 and 12 closed out, a net change of -11 holders.
- The largest Adagene buyer in Q2 2021 was Morgan Stanley, an estimated $13.4M added.
- The largest Adagene seller in Q2 2021 was Credit Suisse, an estimated $10.9M sold.
Based on aggregated 13F filings for Q2 2021.