Akorn Inc
AKRX
AKRX was delisted on the 29th of May, 2020.
180 hedge funds and large institutions have $297M invested in Akorn Inc in 2018 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 75 increasing their positions, 45 reducing their positions, and 86 closing their positions.
262% more call options, than puts
Call options by funds: $13.6M | Put options by funds: $3.75M
67% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 45
21% less funds holding
Funds holding: 228 → 180 (-48)
56% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 86
73% less capital invested
Capital invested by funds: $1.11B → $297M (-$810M)
83% less funds holding in top 10
Funds holding in top 10: 6 → 1 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$28.4M |
| 2 |
Renaissance Technologies
New York
|
+$16.6M |
| 3 |
PC
Paulson & Co
New York
|
+$16.4M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$13M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$9.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAAM
Solus Alternative Asset Management
Summit,
New Jersey
|
-$54.8M |
| 2 |
MAM
Melqart Asset Management
London,
United Kingdom
|
-$27.6M |
| 3 |
GLAM
Gardner Lewis Asset Management
Chadds Ford,
Pennsylvania
|
-$21.7M |
| 4 |
KCM
Knighthead Capital Management
New York
|
-$16.6M |
| 5 |
FTCM
Fir Tree Capital Management
New York
|
-$15.2M |
AKRX Hedge Fund Activity: Q4 2018 in Review
180 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Akorn Inc (AKRX) for Q4 2018, worth a combined $297M — down 73% from $1.11B a quarter earlier.
Sellers outnumbered buyers: 86 funds closed out of AKRX and 38 opened new positions — a net loss of 48 holders — while 45 trimmed existing stakes and 75 added.
The largest buyer was BlackRock, adding an estimated $28.4M. The largest seller was Solus Alternative Asset Management, exiting entirely with an estimated $54.8M sold.
- 180 institutional investors held Akorn Inc (AKRX) as of Q4 2018, down from 228 in Q3 2018.
- Funds reported $297M of Akorn Inc stock for Q4 2018, down 73% quarter-over-quarter.
- 38 funds opened new Akorn Inc positions in Q4 2018 and 86 closed out, a net change of -48 holders.
- The largest Akorn Inc buyer in Q4 2018 was BlackRock, an estimated $28.4M added.
- The largest Akorn Inc seller in Q4 2018 was Solus Alternative Asset Management, an estimated $54.8M sold.
Based on aggregated 13F filings for Q4 2018.