Ardelyx
ARDX
80 hedge funds and large institutions have $489M invested in Ardelyx in 2017 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 31 increasing their positions, 23 reducing their positions, and 13 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 23
8% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 13
0.05% less ownership
Funds ownership: 81.67% → 81.63% (-0.05%)
6% less funds holding
Funds holding: 85 → 80 (-5)
11% less capital invested
Capital invested by funds: $549M → $489M (-$59.6M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $356K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$31.3M |
| 2 |
PHS
PFM Health Sciences
San Francisco,
California
|
+$14.6M |
| 3 |
DM
Deerfield Management
New York
|
+$6.16M |
| 4 |
Millennium Management
New York
|
+$3.52M |
| 5 |
TA
Teachers Advisors
New York
|
+$3.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EcoR1 Capital
San Francisco,
California
|
-$18.6M |
| 2 |
RCM
RA Capital Management
Boston,
Massachusetts
|
-$14.6M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$9.8M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$4.84M |
| 5 |
CAM
Cormorant Asset Management
Boston,
Massachusetts
|
-$1.96M |
ARDX Hedge Fund Activity: Q1 2017 in Review
80 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Ardelyx (ARDX) for Q1 2017, worth a combined $489M — down 11% from $549M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new ARDX positions and 13 closed out — a net gain of 1 holder — while 31 added to existing stakes and 23 trimmed.
The largest buyer was BlackRock, adding an estimated $31.3M. The largest seller was EcoR1 Capital, exiting entirely with an estimated $18.6M sold.
- 80 institutional investors held Ardelyx (ARDX) as of Q1 2017, down from 85 in Q4 2016.
- Funds reported $489M of Ardelyx stock for Q1 2017, down 11% quarter-over-quarter.
- 14 funds opened new Ardelyx positions in Q1 2017 and 13 closed out, a net change of +1 holder.
- The largest Ardelyx buyer in Q1 2017 was BlackRock, an estimated $31.3M added.
- The largest Ardelyx seller in Q1 2017 was EcoR1 Capital, an estimated $18.6M sold.
Based on aggregated 13F filings for Q1 2017.