EnteroMedics Inc.
ETRM
ETRM was delisted on the 20th of October, 2017.
49 hedge funds and large institutions have $19.8M invested in EnteroMedics Inc. in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 12 reducing their positions, and 12 closing their positions.
247% more call options, than puts
Call options by funds: $667K | Put options by funds: $192K
25% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 12
13% less funds holding
Funds holding: 56 → 49 (-7)
16% less capital invested
Capital invested by funds: $23.5M → $19.8M (-$3.76M)
58% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IHM
Iguana Healthcare Management
New York
|
+$2.43M |
| 2 |
RSCM
Rock Springs Capital Management
Baltimore,
Maryland
|
+$383K |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$267K |
| 4 |
FAM
Fred Alger Management
New York
|
+$236K |
| 5 |
California Public Employees Retirement System
Sacramento,
California
|
+$155K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$575K |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$468K |
| 3 |
AAP
Ardsley Advisory Partners
Stamford,
Connecticut
|
-$468K |
| 4 |
SC
Sophrosyne Capital
New York
|
-$468K |
| 5 |
TMC
Trellus Management Company
Delray Beach,
Florida
|
-$219K |
ETRM Hedge Fund Activity: Q3 2014 in Review
49 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in EnteroMedics Inc. (ETRM) for Q3 2014, worth a combined $19.8M — down 16% from $23.5M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of ETRM and 5 opened new positions — a net loss of 7 holders — while 12 trimmed existing stakes and 15 added.
The largest buyer was Iguana Healthcare Management, adding an estimated $2.43M. The largest seller was Royce & Associates, cutting an estimated $575K.
- 49 institutional investors held EnteroMedics Inc. (ETRM) as of Q3 2014, down from 56 in Q2 2014.
- Funds reported $19.8M of EnteroMedics Inc. stock for Q3 2014, down 16% quarter-over-quarter.
- 5 funds opened new EnteroMedics Inc. positions in Q3 2014 and 12 closed out, a net change of -7 holders.
- The largest EnteroMedics Inc. buyer in Q3 2014 was Iguana Healthcare Management, an estimated $2.43M added.
- The largest EnteroMedics Inc. seller in Q3 2014 was Royce & Associates, an estimated $575K sold.
Based on aggregated 13F filings for Q3 2014.