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BNR

Burning Rock Biotech
BNR

54 hedge funds and large institutions have $635M invested in Burning Rock Biotech in 2021 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 15 increasing their positions, 17 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

34% more capital invested

Capital invested by funds: $474M → $635M (+$161M)

0.33% more ownership

Funds ownership: 2.37% → 2.7% (+0.33%)

7% less funds holding

Funds holding: 58 → 54 (-4)

12% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 17

19% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 16

60% less funds holding in top 10

Funds holding in top 10: 5 → 2 (-3)

Holders
54
Holders Change
-4
Holders Change %
-6.9%
% of All Funds
0.95%
Holding in Top 10
2
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-60%
% of All Funds
0.04%
New
13
Increased
15
Reduced
17
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$152M
2
Goldman Sachs
Goldman Sachs
New York
+$20.9M
3
GGHC
Gilder Gagnon Howe & Co
New York
+$20.7M
4
NAMA
Nikko Asset Management Americas
New York
+$14.1M
5
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
+$14.1M

Top Sellers

Rank Fund Capital Flow
1
O
OrbiMed
New York
-$68.9M
2
CC
Casdin Capital
New York
-$32.7M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$13.3M
4
AMH
Aspex Management (HK)
Hong Kong
-$11.2M
5
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
-$10.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
26
Millennium Management
New York
$2.88M -$934K -3,067 -22%
Citadel Advisors
27
Citadel Advisors
Florida
$2.85M +$3.23M +10,598 New
EFMH
28
E Fund Management (HK)
Hong Kong
$2.56M +$2.89M +9,500 New
N
29
Natixis
France
$1.61M +$1.83M +5,998 New
NEI
30
Northwest & Ethical Investments
Ontario, Canada
$1.49M +$472K +1,551 +39%
Marshall Wace
31
Marshall Wace
United Kingdom
$1.39M -$5.83M -19,149 -79%
TD Asset Management
32
TD Asset Management
Ontario, Canada
$1.27M +$152K +500 +12%
AP
33
AtonRa Partners
Switzerland
$960K +$1.09M +3,565 New
ClearBridge Investments
34
ClearBridge Investments
New York
$906K -$5.06M -16,633 -83%
Bank of America
35
Bank of America
North Carolina
$888K +$955K +3,137 +1,948%
RI
36
RTW Investments
New York
$808K – – –
Axa
37
Axa
France
$727K -$30.4K -100 -4%
Geode Capital Management
38
Geode Capital Management
Massachusetts
$613K +$693K +2,278 New
Invesco
39
Invesco
Georgia
$590K +$258K +849 +63%
SG Americas Securities
40
SG Americas Securities
New York
$558K +$631K +2,074 New
Norges Bank
41
Norges Bank
Norway
$538K – – –
SSA
42
Schonfeld Strategic Advisors
New York
$339K -$377K -1,240 -50%
PCM
43
Prelude Capital Management
New York
$337K +$57.8K +190 +18%
D.E. Shaw & Co
44
D.E. Shaw & Co
New York
$336K +$380K +1,249 New
PPA
45
Parametric Portfolio Associates
Washington
$283K – – –
Qube Research & Technologies (QRT)
46
Qube Research & Technologies (QRT)
United Kingdom
$271K -$223K -734 -42%
VIA
47
Vident Investment Advisory
Georgia
$227K -$58.4K -192 -19%
Citigroup
48
Citigroup
New York
$98K +$111K +364 New
Morgan Stanley
49
Morgan Stanley
New York
$32K -$193K -634 -84%
SNN
50
Shen Neil Nanpeng
$24K – – –
1
2
3

BNR Hedge Fund Activity: Q1 2021 in Review

54 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Burning Rock Biotech (BNR) for Q1 2021, worth a combined $635M — up 34% from $474M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of BNR and 13 opened new positions — a net loss of 3 holders — while 17 trimmed existing stakes and 15 added.

The largest buyer was Baillie Gifford & Co, adding an estimated $152M. The largest seller was OrbiMed, cutting an estimated $68.9M.

  • 54 institutional investors held Burning Rock Biotech (BNR) as of Q1 2021, down from 58 in Q4 2020.
  • Funds reported $635M of Burning Rock Biotech stock for Q1 2021, up 34% quarter-over-quarter.
  • 13 funds opened new Burning Rock Biotech positions in Q1 2021 and 16 closed out, a net change of -3 holders.
  • The largest Burning Rock Biotech buyer in Q1 2021 was Baillie Gifford & Co, an estimated $152M added.
  • The largest Burning Rock Biotech seller in Q1 2021 was OrbiMed, an estimated $68.9M sold.

Based on aggregated 13F filings for Q1 2021.