Akorn Inc
AKRX
AKRX was delisted on the 29th of May, 2020.
260 hedge funds and large institutions have $2.02B invested in Akorn Inc in 2016 Q4 according to their latest regulatory filings, with 46 funds opening new positions, 103 increasing their positions, 89 reducing their positions, and 59 closing their positions.
16% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 89
5% less funds holding
Funds holding: 275 → 260 (-15)
20% less capital invested
Capital invested by funds: $2.52B → $2.02B (-$500M)
22% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 59
60% less call options, than puts
Call options by funds: $7.72M | Put options by funds: $19.4M
63% less funds holding in top 10
Funds holding in top 10: 8 → 3 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
+$51.8M |
| 2 |
Coatue Management
New York
|
+$33M |
| 3 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$25.7M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$23M |
| 5 |
ORI
Oak Ridge Investments
Chicago,
Illinois
|
+$17.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$103M |
| 2 |
CCM
Consonance Capital Management
New York
|
-$60M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$37.4M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$20.9M |
| 5 |
NM
Nokota Management
New York
|
-$20.9M |
AKRX Hedge Fund Activity: Q4 2016 in Review
260 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in Akorn Inc (AKRX) for Q4 2016, worth a combined $2.02B — down 20% from $2.52B a quarter earlier.
Sellers outnumbered buyers: 59 funds closed out of AKRX and 46 opened new positions — a net loss of 13 holders — while 89 trimmed existing stakes and 103 added.
The largest buyer was William Blair Investment Management, adding an estimated $51.8M. The largest seller was Bank of New York Mellon, cutting an estimated $103M.
- 260 institutional investors held Akorn Inc (AKRX) as of Q4 2016, down from 275 in Q3 2016.
- Funds reported $2.02B of Akorn Inc stock for Q4 2016, down 20% quarter-over-quarter.
- 46 funds opened new Akorn Inc positions in Q4 2016 and 59 closed out, a net change of -13 holders.
- The largest Akorn Inc buyer in Q4 2016 was William Blair Investment Management, an estimated $51.8M added.
- The largest Akorn Inc seller in Q4 2016 was Bank of New York Mellon, an estimated $103M sold.
Based on aggregated 13F filings for Q4 2016.