Ardelyx
ARDX
85 hedge funds and large institutions have $204M invested in Ardelyx in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 37 increasing their positions, 19 reducing their positions, and 19 closing their positions.
95% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 19
20% more capital invested
Capital invested by funds: $170M → $204M (+$33.6M)
1.94% more ownership
Funds ownership: 73.57% → 75.51% (+1.9%)
11% less funds holding
Funds holding: 95 → 85 (-10)
53% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 19
71% less call options, than puts
Call options by funds: $31K | Put options by funds: $106K
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PHS
Pekin Hardy Strauss
Chicago,
Illinois
|
+$4.16M |
| 2 |
OM
Opaleye Management
Boston,
Massachusetts
|
+$2.71M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
+$2.08M |
| 4 |
Renaissance Technologies
New York
|
+$1.69M |
| 5 |
BlackRock
New York
|
+$1.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$3.18M |
| 2 |
JP Morgan Chase
New York
|
-$1.89M |
| 3 |
MWNA
Marshall Wace North America
New York
|
-$1.45M |
| 4 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$1.37M |
| 5 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$670K |
ARDX Hedge Fund Activity: Q3 2018 in Review
85 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Ardelyx (ARDX) for Q3 2018, worth a combined $204M — up 20% from $170M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of ARDX and 9 opened new positions — a net loss of 10 holders — while 19 trimmed existing stakes and 37 added.
The largest buyer was Pekin Hardy Strauss, opening a new position worth an estimated $4.16M. The largest seller was Millennium Management, cutting an estimated $3.18M.
- 85 institutional investors held Ardelyx (ARDX) as of Q3 2018, down from 95 in Q2 2018.
- Funds reported $204M of Ardelyx stock for Q3 2018, up 20% quarter-over-quarter.
- 9 funds opened new Ardelyx positions in Q3 2018 and 19 closed out, a net change of -10 holders.
- The largest Ardelyx buyer in Q3 2018 was Pekin Hardy Strauss, an estimated $4.16M added.
- The largest Ardelyx seller in Q3 2018 was Millennium Management, an estimated $3.18M sold.
Based on aggregated 13F filings for Q3 2018.