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Fortress Biotech

60 hedge funds and large institutions have $30.6M invested in Fortress Biotech in 2013 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 26 increasing their positions, 11 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

404% more call options, than puts

Call options by funds: $6.18M | Put options by funds: $1.23M

136% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 11

26% less funds holding

Funds holding: 8160 (-21)

59% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 32

81% less capital invested

Capital invested by funds: $158M → $30.6M (-$128M)

Holders
60
Holders Change
-21
Holders Change %
-25.93%
% of All Funds
1.74%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
13
Increased
26
Reduced
11
Closed
32
Calls
$6.18M
Puts
$1.23M
Net Calls
+$4.96M
Net Calls Change
-$9.8M
Name Holding Trade Value Shares
Change
Change in
Stake
WMSA
26
Weiss Multi-Strategy Advisers
New York
$165K +$162K +4,193 New
PPA
27
Parametric Portfolio Associates
Washington
$158K +$115K +2,986 +293%
FCM
28
Farallon Capital Management
California
$155K -$150K -3,895 -50%
PL
29
Parkwood LLC
Ohio
$149K +$146K +3,781 New
VKH
30
Virtu KCG Holdings
New York
$144K +$106K +2,746 +296%
EEG
31
E.E. Geduld
$132K +$64.3K +1,666 +100%
California State Teachers Retirement System (CalSTRS)
32
California State Teachers Retirement System (CalSTRS)
California
$126K +$2.05K +53 +2%
CCA
33
Catalyst Capital Advisors
New York
$113K
Citigroup
34
Citigroup
New York
$111K +$102K +2,650 +1,596%
Charles Schwab
35
Charles Schwab
California
$101K
EWM
36
Edge Wealth Management
New York
$99K +$92.7K +2,400 +2,400%
Credit Agricole
37
Credit Agricole
France
$96K +$18.5K +480 +24%
Renaissance Technologies
38
Renaissance Technologies
New York
$92K +$90.3K +2,338 New
SIP
39
Stoneridge Investment Partners
Pennsylvania
$74K -$232 -6 -0.3%
State Board of Administration of Florida Retirement System
40
State Board of Administration of Florida Retirement System
Florida
$71K
BRWA
41
B. Riley Wealth Advisors
Florida
$71K +$26.6K +689 +62%
CS
42
Credit Suisse
Switzerland
$61K -$227K -5,871 -79%
AQR Capital Management
43
AQR Capital Management
Connecticut
$60K +$58.4K +1,513 New
BA
44
BlackRock Advisors
Delaware
$58K +$6.6K +171 +13%
NFA
45
Nationwide Fund Advisors
Ohio
$55K +$1.24K +32 +2%
Millennium Management
46
Millennium Management
New York
$53K -$405K -10,500 -89%
RhumbLine Advisers
47
RhumbLine Advisers
Massachusetts
$53K
AIG
48
American International Group
New York
$46.6K +$7.53K +195 +20%
GC
49
Guggenheim Capital
Illinois
$46K +$13.5K +349 +43%
Susquehanna International Group
50
Susquehanna International Group
Pennsylvania
$40K +$39.5K +1,024 New

FBIO Hedge Fund Activity: Q4 2013 in Review

60 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Fortress Biotech (FBIO) for Q4 2013, worth a combined $30.6M — down 81% from $158M a quarter earlier.

Sellers outnumbered buyers: 32 funds closed out of FBIO and 13 opened new positions — a net loss of 19 holders — while 11 trimmed existing stakes and 26 added.

The largest buyer was Nantahala Capital Management, opening a new position worth an estimated $2.25M. The largest seller was Fidelity Investments, exiting entirely with an estimated $35.3M sold.

  • 60 institutional investors held Fortress Biotech (FBIO) as of Q4 2013, down from 81 in Q3 2013.
  • Funds reported $30.6M of Fortress Biotech stock for Q4 2013, down 81% quarter-over-quarter.
  • 13 funds opened new Fortress Biotech positions in Q4 2013 and 32 closed out, a net change of -19 holders.
  • The largest Fortress Biotech buyer in Q4 2013 was Nantahala Capital Management, an estimated $2.25M added.
  • The largest Fortress Biotech seller in Q4 2013 was Fidelity Investments, an estimated $35.3M sold.

Based on aggregated 13F filings for Q4 2013.