Akorn Inc
AKRX
AKRX was delisted on the 29th of May, 2020.
219 hedge funds and large institutions have $3.24B invested in Akorn Inc in 2017 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 92 increasing their positions, 70 reducing their positions, and 58 closing their positions.
43% more funds holding in top 10
Funds holding in top 10: 7 → 10 (+3)
31% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 70
7% more capital invested
Capital invested by funds: $3.02B → $3.24B (+$221M)
11% less funds holding
Funds holding: 245 → 219 (-26)
40% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 58
65% less call options, than puts
Call options by funds: $8.86M | Put options by funds: $25M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$265M |
| 2 |
FCM
Farallon Capital Management
San Francisco,
California
|
+$75.7M |
| 3 |
Renaissance Technologies
New York
|
+$59.2M |
| 4 |
GLAM
Gardner Lewis Asset Management
Chadds Ford,
Pennsylvania
|
+$45.4M |
| 5 |
N
Natixis
Paris,
France
|
+$38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Pentwater Capital Management
Naples,
Florida
|
-$95M |
| 2 |
BlackRock
New York
|
-$51.6M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$36.8M |
| 4 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
-$35.7M |
| 5 |
ORI
Oak Ridge Investments
Chicago,
Illinois
|
-$34.5M |
AKRX Hedge Fund Activity: Q3 2017 in Review
219 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Akorn Inc (AKRX) for Q3 2017, worth a combined $3.24B — up 7.3% from $3.02B a quarter earlier.
Sellers outnumbered buyers: 58 funds closed out of AKRX and 35 opened new positions — a net loss of 23 holders — while 70 trimmed existing stakes and 92 added.
The largest buyer was Fidelity Investments, adding an estimated $265M. The largest seller was Pentwater Capital Management, cutting an estimated $95M.
- 219 institutional investors held Akorn Inc (AKRX) as of Q3 2017, down from 245 in Q2 2017.
- Funds reported $3.24B of Akorn Inc stock for Q3 2017, up 7.3% quarter-over-quarter.
- 35 funds opened new Akorn Inc positions in Q3 2017 and 58 closed out, a net change of -23 holders.
- The largest Akorn Inc buyer in Q3 2017 was Fidelity Investments, an estimated $265M added.
- The largest Akorn Inc seller in Q3 2017 was Pentwater Capital Management, an estimated $95M sold.
Based on aggregated 13F filings for Q3 2017.