Akorn Inc
AKRX
AKRX was delisted on the 29th of May, 2020.
254 hedge funds and large institutions have $2.26B invested in Akorn Inc in 2016 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 94 increasing their positions, 102 reducing their positions, and 57 closing their positions.
38% more call options, than puts
Call options by funds: $28.4M | Put options by funds: $20.6M
8% less repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 102
10% less funds holding
Funds holding: 282 → 254 (-28)
35% less capital invested
Capital invested by funds: $3.47B → $2.26B (-$1.21B)
40% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 57
60% less funds holding in top 10
Funds holding in top 10: 15 → 6 (-9)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Paulson & Co
New York
|
+$169M |
| 2 |
Bank of New York Mellon
New York
|
+$86.2M |
| 3 |
HM
HealthCor Management
New York
|
+$30.9M |
| 4 |
SIG
Senator Investment Group
New York
|
+$26.3M |
| 5 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$20.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Consonance Capital Management
New York
|
-$70.7M |
| 2 |
KI
Kalmar Investments
Greenville,
Delaware
|
-$57.7M |
| 3 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
-$30.3M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$26.3M |
| 5 |
EAM
EverPoint Asset Management
Stamford,
Connecticut
|
-$23.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
301
Pacer Advisors
Malvern,
Pennsylvania
| – | -$58K | -1,564 | Closed |
|
|
TRCT
302
Tower Research Capital (TRC)
New York
| – | -$35K | -946 | Closed |
|
|
VFA
303
Virtus Fund Advisers
Hartford,
Connecticut
| – | -$16K | -441 | Closed |
|
|
GL
304
GLG LLC
New York
| – | -$11K | -286 | Closed |
|
|
AF
305
Arrow Financial
Glens Falls,
New York
| – | -$10K | -258 | Closed |
|
306
Parallax Volatility Advisers
San Francisco,
California
| – | -$6.73K | -256 | Closed |
|
307
AssetMark Inc
Concord,
California
| – | -$763 | -29 | -66% |
|
|
QI
308
QS Investors
New York
| – | -$1K | -8 | Closed |
|
|
WAM
309
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| – | +$237 | +9 | New |
|
AKRX Hedge Fund Activity: Q1 2016 in Review
254 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Akorn Inc (AKRX) for Q1 2016, worth a combined $2.26B — down 35% from $3.47B a quarter earlier.
Sellers outnumbered buyers: 57 funds closed out of AKRX and 34 opened new positions — a net loss of 23 holders — while 102 trimmed existing stakes and 94 added.
The largest buyer was Paulson & Co, adding an estimated $169M. The largest seller was Consonance Capital Management, exiting entirely with an estimated $70.7M sold.
- 254 institutional investors held Akorn Inc (AKRX) as of Q1 2016, down from 282 in Q4 2015.
- Funds reported $2.26B of Akorn Inc stock for Q1 2016, down 35% quarter-over-quarter.
- 34 funds opened new Akorn Inc positions in Q1 2016 and 57 closed out, a net change of -23 holders.
- The largest Akorn Inc buyer in Q1 2016 was Paulson & Co, an estimated $169M added.
- The largest Akorn Inc seller in Q1 2016 was Consonance Capital Management, an estimated $70.7M sold.
Based on aggregated 13F filings for Q1 2016.