Akorn Inc
AKRX
AKRX was delisted on the 29th of May, 2020.
128 hedge funds and large institutions have $47.8M invested in Akorn Inc in 2020 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 32 increasing their positions, 53 reducing their positions, and 26 closing their positions.
10% less funds holding
Funds holding: 143 → 128 (-15)
40% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 53
42% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 26
62% less capital invested
Capital invested by funds: $125M → $47.8M (-$76.8M)
62% less call options, than puts
Call options by funds: $222K | Put options by funds: $585K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Stonehill Capital Management
New York
|
+$11.5M |
| 2 |
RCMNY
Rubric Capital Management (New York)
New York
|
+$5.18M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.98M |
| 4 |
Charles Schwab
San Francisco,
California
|
+$595K |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$506K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.23M |
| 2 |
D.E. Shaw & Co
New York
|
-$1.96M |
| 3 |
MC
Maverick Capital
Dallas,
Texas
|
-$1.86M |
| 4 |
Renaissance Technologies
New York
|
-$1.31M |
| 5 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$1.28M |
AKRX Hedge Fund Activity: Q1 2020 in Review
128 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Akorn Inc (AKRX) for Q1 2020, worth a combined $47.8M — down 62% from $125M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of AKRX and 15 opened new positions — a net loss of 11 holders — while 53 trimmed existing stakes and 32 added.
The largest buyer was Stonehill Capital Management, adding an estimated $11.5M. The largest seller was Morgan Stanley, cutting an estimated $2.23M.
- 128 institutional investors held Akorn Inc (AKRX) as of Q1 2020, down from 143 in Q4 2019.
- Funds reported $47.8M of Akorn Inc stock for Q1 2020, down 62% quarter-over-quarter.
- 15 funds opened new Akorn Inc positions in Q1 2020 and 26 closed out, a net change of -11 holders.
- The largest Akorn Inc buyer in Q1 2020 was Stonehill Capital Management, an estimated $11.5M added.
- The largest Akorn Inc seller in Q1 2020 was Morgan Stanley, an estimated $2.23M sold.
Based on aggregated 13F filings for Q1 2020.