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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
EM
1
Elliott Management
New York
$9.78M
NCM
2
Nantahala Capital Management
Connecticut
$2.29M +$2.25M +58,181 New
BFA
3
BlackRock Fund Advisors
California
$1.91M +$21.9K +568 +1%
Vanguard Group
4
Vanguard Group
Pennsylvania
$1.67M +$346K +8,964 +27%
RA
5
Royce & Associates
New York
$1.39M +$1.36M +35,333 New
MOACM
6
Mutual of America Capital Management
New York
$989K +$472K +12,220 +95%
Northern Trust
7
Northern Trust
Illinois
$938K +$36K +932 +4%
OAM
8
Oxford Asset Management
United Kingdom
$893K +$483K +12,518 +124%
BCM
9
Bridgeway Capital Management
Texas
$874K +$856K +22,167 New
TC
10
TFS Capital
Pennsylvania
$830K +$812K +21,041 New
BIT
11
BlackRock Institutional Trust
California
$828K -$58K -1,503 -7%
State Street
12
State Street
Massachusetts
$822K +$70.1K +1,816 +10%
AA
13
Ancora Advisors
Ohio
$822K +$804K +20,825 New
JG
14
Jefferies Group
New York
$681K +$649K +16,797 +3,667%
ACM
15
Advent Capital Management
New York
$606K -$520K -13,460 Closed
Goldman Sachs
16
Goldman Sachs
New York
$409K -$661K -17,112 -62%
California Public Employees Retirement System
17
California Public Employees Retirement System
California
$380K +$230K +5,946 +249%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$339K +$32.4K +838 +11%
Bank of America
19
Bank of America
North Carolina
$312K -$129K -3,336 -30%
TCIM
20
TIAA CREF Investment Management
New York
$262K -$66.8K -1,731 -21%
Geode Capital Management
21
Geode Capital Management
Massachusetts
$257K +$502 +13 +0.2%
Morgan Stanley
22
Morgan Stanley
New York
$248K +$178K +4,616 +278%
Barclays
23
Barclays
United Kingdom
$199K +$223K +5,772 +667%
BIM
24
BlackRock Investment Management
Delaware
$193K
TA
25
Teachers Advisors
New York
$193K +$106K +2,755 +129%

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.