Erasca
ERAS
117 hedge funds and large institutions have $235M invested in Erasca in 2023 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 50 increasing their positions, 20 reducing their positions, and 19 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 20
53% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 19
9% more funds holding
Funds holding: 107 → 117 (+10)
6.14% less ownership
Funds ownership: 57.93% → 51.79% (-6.1%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
32% less capital invested
Capital invested by funds: $344M → $235M (-$109M)
96% less call options, than puts
Call options by funds: $8K | Put options by funds: $179K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Armistice Capital
New York
|
+$16.9M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$8.99M |
| 3 |
IBT
International Biotechnology Trust
London,
United Kingdom
|
+$5.19M |
| 4 |
Millennium Management
New York
|
+$4.68M |
| 5 |
PM
Prosight Management
Dallas,
Texas
|
+$4.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$34.3M |
| 2 |
State Street
Boston,
Massachusetts
|
-$9.53M |
| 3 |
GPP
Great Point Partners
Greenwich,
Connecticut
|
-$6.63M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$6.55M |
| 5 |
GCM
Ghisallo Capital Management
Boston,
Massachusetts
|
-$4.01M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Mirae Asset Global Investments
Seoul,
South Korea
| – | -$128K | -29,704 | Closed |
|
|
EGM
127
Engineers Gate Manager
New York
| – | -$103K | -24,008 | Closed |
|
|
TI
128
Trexquant Investment
Stamford,
Connecticut
| – | -$83.6K | -19,403 | Closed |
|
|
BCM
129
Bayesian Capital Management
Brooklyn,
New York
| – | -$78.7K | -18,256 | Closed |
|
|
JMPWA
130
JP Morgan Private Wealth Advisors
San Francisco,
California
| – | -$65.5K | -15,200 | Closed |
|
|
EFM
131
E Fund Management
Guangzhou,
China
| – | -$64K | -14,832 | Closed |
|
|
MCI
132
MRP Capital Investments
Alpharetta,
Georgia
| – | -$1.08K | -250 | Closed |
|
|
RTL
133
Red Tortoise LLC
Atlanta,
Georgia
| – | -$1.07K | -249 | Closed |
|
|
SPIA
134
Steward Partners Investment Advisory
New York
| – | -$431 | -100 | Closed |
|
|
C
135
Covestor
London,
United Kingdom
| – | +$51 | +14 | +88% |
|
136
Simplex Trading
Chicago,
Illinois
| – | +$131 | +36 | New |
|
137
Nisa Investment Advisors
St. Louis,
Missouri
| – | +$178 | +49 | New |
|
ERAS Hedge Fund Activity: Q1 2023 in Review
117 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Erasca (ERAS) for Q1 2023, worth a combined $235M — down 32% from $344M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new ERAS positions and 19 closed out — a net gain of 10 holders — while 50 added to existing stakes and 20 trimmed.
The largest buyer was Armistice Capital, adding an estimated $16.9M. The largest seller was Fidelity Investments, cutting an estimated $34.3M.
- 117 institutional investors held Erasca (ERAS) as of Q1 2023, up from 107 in Q4 2022.
- Funds reported $235M of Erasca stock for Q1 2023, down 32% quarter-over-quarter.
- 29 funds opened new Erasca positions in Q1 2023 and 19 closed out, a net change of +10 holders.
- The largest Erasca buyer in Q1 2023 was Armistice Capital, an estimated $16.9M added.
- The largest Erasca seller in Q1 2023 was Fidelity Investments, an estimated $34.3M sold.
Based on aggregated 13F filings for Q1 2023.