MODEL N, INC.
MODN
MODN was delisted on the 26th of June, 2024.
174 hedge funds and large institutions have $946M invested in MODEL N, INC. in 2023 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 76 increasing their positions, 51 reducing their positions, and 26 closing their positions.
49% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 51
36% more call options, than puts
Call options by funds: $522K | Put options by funds: $383K
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less funds holding
Funds holding: 177 → 174 (-3)
12% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 26
32% less capital invested
Capital invested by funds: $1.39B → $946M (-$445M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$22.4M |
| 2 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$12.5M |
| 3 |
Millennium Management
New York
|
+$11.3M |
| 4 |
Comerica Bank
Dallas,
Texas
|
+$8.74M |
| 5 |
BlackRock
New York
|
+$6.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fred Alger Management
New York
|
-$30.1M |
| 2 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
-$14.4M |
| 3 |
SAM
Silvercrest Asset Management
New York
|
-$8.5M |
| 4 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$8.3M |
| 5 |
EP
Eversept Partners
New York
|
-$7.89M |
MODN Hedge Fund Activity: Q3 2023 in Review
174 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in MODEL N, INC. (MODN) for Q3 2023, worth a combined $946M — down 32% from $1.39B a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of MODN and 23 opened new positions — a net loss of 3 holders — while 51 trimmed existing stakes and 76 added.
The largest buyer was Neuberger Berman Group, adding an estimated $22.4M. The largest seller was Fred Alger Management, exiting entirely with an estimated $30.1M sold.
- 174 institutional investors held MODEL N, INC. (MODN) as of Q3 2023, down from 177 in Q2 2023.
- Funds reported $946M of MODEL N, INC. stock for Q3 2023, down 32% quarter-over-quarter.
- 23 funds opened new MODEL N, INC. positions in Q3 2023 and 26 closed out, a net change of -3 holders.
- The largest MODEL N, INC. buyer in Q3 2023 was Neuberger Berman Group, an estimated $22.4M added.
- The largest MODEL N, INC. seller in Q3 2023 was Fred Alger Management, an estimated $30.1M sold.
Based on aggregated 13F filings for Q3 2023.