iRhythm Holdings
IRTC
64 hedge funds and large institutions have $493M invested in iRhythm Holdings in 2017 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 25 increasing their positions, 17 reducing their positions, and 14 closing their positions.
56% more capital invested
Capital invested by funds: $317M → $493M (+$176M)
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
47% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 17
21% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 14
11.55% more ownership
Funds ownership: 47.75% → 59.3% (+12%)
3% less funds holding
Funds holding: 66 → 64 (-2)
Top Buyers
| 1 |
NLVP
New Leaf Venture Partners
New York
|
+$59.9M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
+$25.4M |
| 3 |
BlackRock
New York
|
+$18.5M |
| 4 |
PC
PointState Capital
New York
|
+$13.9M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$7.81M |
Top Sellers
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
-$9.57M |
| 2 |
RG
Redmile Group
San Francisco,
California
|
-$6.86M |
| 3 |
YCMGA
York Capital Management Global Advisors
New York
|
-$6.76M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$4.13M |
| 5 |
Jennison Associates
New York
|
-$3.74M |
IRTC Hedge Fund Activity: Q1 2017 in Review
64 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in iRhythm Holdings (IRTC) for Q1 2017, worth a combined $493M — up 56% from $317M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new IRTC positions and 14 closed out — a net gain of 3 holders — while 25 added to existing stakes and 17 trimmed.
The largest buyer was New Leaf Venture Partners, opening a new position worth an estimated $59.9M. The largest seller was Point72 Asset Management, exiting entirely with an estimated $9.57M sold.
- 64 institutional investors held iRhythm Holdings (IRTC) as of Q1 2017, down from 66 in Q4 2016.
- Funds reported $493M of iRhythm Holdings stock for Q1 2017, up 56% quarter-over-quarter.
- 17 funds opened new iRhythm Holdings positions in Q1 2017 and 14 closed out, a net change of +3 holders.
- The largest iRhythm Holdings buyer in Q1 2017 was New Leaf Venture Partners, an estimated $59.9M added.
- The largest iRhythm Holdings seller in Q1 2017 was Point72 Asset Management, an estimated $9.57M sold.
Based on aggregated 13F filings for Q1 2017.