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1,001 hedge funds and large institutions have $35B invested in Biogen in 2023 Q1 according to their latest regulatory filings, with 89 funds opening new positions, 342 increasing their positions, 364 reducing their positions, and 101 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more call options, than puts

Call options by funds: $748M | Put options by funds: $674M

1.79% more ownership

Funds ownership: 86.72%88.51% (+1.8%)

2% more capital invested

Capital invested by funds: $34.2B → $35B (+$767M)

6% less repeat investments, than reductions

Existing positions increased: 342 | Existing positions reduced: 364

3% less funds holding

Funds holding: 1,0311,001 (-30)

12% less first-time investments, than exits

New positions opened: 89 | Existing positions closed: 101

24% less funds holding in top 10

Funds holding in top 10: 2519 (-6)

Holders
1,001
Holders Change
-30
Holders Change %
-2.91%
% of All Funds
15.95%
Holding in Top 10
19
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-24%
% of All Funds
0.3%
New
89
Increased
342
Reduced
364
Closed
101
Calls
$748M
Puts
$674M
Net Calls
+$73.9M
Net Calls Change
+$290M
Name Holding Trade Value Shares
Change
Change in
Stake
APM
126
Avidity Partners Management
Texas
$35.8M +$35.6M +128,800 New
Mitsubishi UFJ Trust & Banking
127
Mitsubishi UFJ Trust & Banking
Japan
$35.6M -$7.85M -28,381 -18%
IIM
128
INTECH Investment Management
Florida
$35.4M -$6.74M -24,351 -16%
Swedbank
129
Swedbank
Sweden
$34.8M +$865K +3,125 +3%
Manulife (Manufacturers Life Insurance)
130
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$34.6M -$1.16M -4,204 -3%
VOYA Investment Management
131
VOYA Investment Management
Georgia
$33.5M +$493K +1,780 +2%
RJA
132
Raymond James & Associates
Florida
$33.5M -$295K -1,067 -0.9%
Mitsubishi UFJ Asset Management
133
Mitsubishi UFJ Asset Management
Japan
$33.2M +$2.24M +8,107 +7%
APG Asset Management
134
APG Asset Management
Netherlands
$32.9M -$10.1M -36,604 -22%
IG
135
ING Group
Netherlands
$32.7M +$14.3M +51,662 +78%
LBA
136
Letko, Brosseau & Associates
Quebec, Canada
$32.2M -$92.1K -333 -0.3%
Aberdeen Group
137
Aberdeen Group
United Kingdom
$31.8M +$2.82M +10,174 +10%
Hudson Bay Capital Management
138
Hudson Bay Capital Management
Connecticut
$30.4M +$15.7M +56,806 +108%
Connor, Clark & Lunn Investment Management (CC&L)
139
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$29.8M +$12.5M +45,041 +72%
ECM
140
ExodusPoint Capital Management
New York
$29M +$7.32M +26,437 +34%
SEI Investments
141
SEI Investments
Pennsylvania
$28.2M +$1.1M +3,983 +4%
LGM
142
Logos Global Management
California
$27.8M +$27.7M +100,000 New
State of Wisconsin Investment Board
143
State of Wisconsin Investment Board
Wisconsin
$27.5M +$1.51M +5,448 +6%
Royal London Asset Management
144
Royal London Asset Management
United Kingdom
$26.8M -$12.3M -44,443 -32%
Toronto Dominion Bank
145
Toronto Dominion Bank
Ontario, Canada
$26.6M -$11.2M -40,487 -30%
Treasurer of the State of North Carolina
146
Treasurer of the State of North Carolina
North Carolina
$26.2M +$665K +2,403 +3%
Susquehanna International Group
147
Susquehanna International Group
Pennsylvania
$25.1M -$35M -126,619 -58%
Ohio Public Employees Retirement System (OPERS)
148
Ohio Public Employees Retirement System (OPERS)
Ohio
$24.5M +$2.39M +8,620 +11%
SGA
149
Sector Gamma AS
Norway
$24.4M +$4.92M +17,797 +25%
GT
150
Glenmede Trust
Pennsylvania
$24.1M -$712K -2,573 -3%

BIIB Hedge Fund Activity: Q1 2023 in Review

1,001 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Biogen (BIIB) for Q1 2023, worth a combined $35B — up 2.2% from $34.2B a quarter earlier.

Sellers outnumbered buyers: 101 funds closed out of BIIB and 89 opened new positions — a net loss of 12 holders — while 364 trimmed existing stakes and 342 added.

The largest buyer was Envestnet Asset Management, adding an estimated $626M. The largest seller was Marshall Wace, cutting an estimated $197M.

  • 1,001 institutional investors held Biogen (BIIB) as of Q1 2023, down from 1,031 in Q4 2022.
  • Funds reported $35B of Biogen stock for Q1 2023, up 2.2% quarter-over-quarter.
  • 89 funds opened new Biogen positions in Q1 2023 and 101 closed out, a net change of -12 holders.
  • The largest Biogen buyer in Q1 2023 was Envestnet Asset Management, an estimated $626M added.
  • The largest Biogen seller in Q1 2023 was Marshall Wace, an estimated $197M sold.

Based on aggregated 13F filings for Q1 2023.