Aspen Aerogels
ASPN
156 hedge funds and large institutions have $499M invested in Aspen Aerogels in 2023 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 81 increasing their positions, 28 reducing their positions, and 31 closing their positions.
189% more repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 28
5% less funds holding
Funds holding: 164 → 156 (-8)
5.82% less ownership
Funds ownership: 101.71% → 95.89% (-5.8%)
21% less call options, than puts
Call options by funds: $2.11M | Put options by funds: $2.67M
23% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 31
36% less funds holding in top 10
Funds holding in top 10: 11 → 7 (-4)
37% less capital invested
Capital invested by funds: $792M → $499M (-$293M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$10.8M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$9.13M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$6.79M |
| 4 |
CPA
Cowen Prime Advisors
New York
|
+$6.11M |
| 5 |
NIM
Needham Investment Management
New York
|
+$5.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$12.4M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$11.9M |
| 3 |
ACM
AIGH Capital Management
Baltimore,
Maryland
|
-$11.8M |
| 4 |
ECA
Encompass Capital Advisors
New York
|
-$10.3M |
| 5 |
ACM
Arosa Capital Management
Miami Beach,
Florida
|
-$6.92M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CG
176
Cutler Group
San Francisco,
California
| – | -$35.9K | -3,615 | Closed |
|
|
SSG
177
Summit Securities Group
New York
| – | -$40K | -3,387 | Closed |
|
|
PMAM
178
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
| – | -$19K | -1,590 | Closed |
|
179
Rockefeller Capital Management
New York
| – | -$5K | -436 | Closed |
|
|
WFA
180
West Financial Advisors
Des Moines,
Iowa
| – | -$1.18K | -100 | Closed |
|
|
MCM
181
Manchester Capital Management
Manchester,
Vermont
| – | -$814 | -69 | Closed |
|
|
QCG
182
Quadrant Capital Group
Cincinnati,
Ohio
| – | -$731 | -62 | Closed |
|
|
MFG
183
Mendota Financial Group
Madison,
Wisconsin
| – | -$554 | -47 | Closed |
|
|
LC
184
Lindbrook Capital
Calabasas,
California
| – | -$200 | -17 | Closed |
|
ASPN Hedge Fund Activity: Q1 2023 in Review
156 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Aspen Aerogels (ASPN) for Q1 2023, worth a combined $499M — down 37% from $792M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of ASPN and 24 opened new positions — a net loss of 7 holders — while 28 trimmed existing stakes and 81 added.
The largest buyer was BlackRock, adding an estimated $10.8M. The largest seller was Hood River Capital Management, exiting entirely with an estimated $12.4M sold.
- 156 institutional investors held Aspen Aerogels (ASPN) as of Q1 2023, down from 164 in Q4 2022.
- Funds reported $499M of Aspen Aerogels stock for Q1 2023, down 37% quarter-over-quarter.
- 24 funds opened new Aspen Aerogels positions in Q1 2023 and 31 closed out, a net change of -7 holders.
- The largest Aspen Aerogels buyer in Q1 2023 was BlackRock, an estimated $10.8M added.
- The largest Aspen Aerogels seller in Q1 2023 was Hood River Capital Management, an estimated $12.4M sold.
Based on aggregated 13F filings for Q1 2023.