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NOVN

Novan, Inc. Common Stock
NOVN

Delisted

NOVN was delisted on the 25th of July, 2023.

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38 hedge funds and large institutions have $8.92M invested in Novan, Inc. Common Stock in 2017 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 12 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 12

17% less funds holding

Funds holding: 46 → 38 (-8)

20% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 10

86% less capital invested

Capital invested by funds: $64.2M → $8.92M (-$55.2M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
38
Holders Change
-8
Holders Change %
-17.39%
% of All Funds
0.95%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
8
Increased
13
Reduced
12
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BlackRock
BlackRock
New York
+$1.82M
2
ARTA
A.R.T. Advisors
New York
+$582K
3
DCM
Driehaus Capital Management
Illinois
+$522K
4
Millennium Management
Millennium Management
New York
+$135K
5
State Street
State Street
Massachusetts
+$106K

Top Sellers

1
PHS
PFM Health Sciences
California
-$9.23M
2
KCM
Kingdon Capital Management
New York
-$7.1M
3
WRF
Waddell & Reed Financial
Kansas
-$4.05M
4
EI
EAM Investors
California
-$1.75M
5
A
Abingworth
United Kingdom
-$1.53M
Name Holding Trade Value Shares
Change 		Change in
Stake
Manulife (Manufacturers Life Insurance)
26
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$12K -$7.4K -71 -27%
SO
27
STRS Ohio
Ohio
$9K – – –
Deutsche Bank
28
Deutsche Bank
Germany
$7K -$16.3K -156 -55%
BRC
29
Bell Rock Capital
Delaware
$6K – – –
Legal & General Group
30
Legal & General Group
United Kingdom
$5K – – –
Bank of America
31
Bank of America
North Carolina
$5K +$417 +4 +5%
AIP
32
Ameritas Investment Partners
Nebraska
$3K +$4.38K +42 New
TDC
33
Thompson Davis & Co
Virginia
$2K +$2.6K +25 New
Citigroup
34
Citigroup
New York
$1K -$338K -3,240 -100%
US Bancorp
35
US Bancorp
Minnesota
$1K +$1.35K +13 New
MAM
36
Meeder Asset Management
Ohio
$1K +$2.08K +20 New
BNP Paribas Financial Markets
37
BNP Paribas Financial Markets
France
$153 -$2.5K -24 -92%
PHS
38
PFM Health Sciences
California
– -$9.23M -34,163 Closed
KCM
39
Kingdon Capital Management
New York
– -$7.1M -26,263 Closed
WRF
40
Waddell & Reed Financial
Kansas
– -$4.05M -15,000 Closed
EI
41
EAM Investors
California
– -$1.75M -6,478 Closed
NIP
42
Nicholas Investment Partners
California
– -$1.04M -3,863 Closed
Russell Investments Group
43
Russell Investments Group
United Kingdom
– -$551K -2,162 Closed
SIM
44
Spark Investment Management
New York
– -$532K -1,970 Closed
Charles Schwab
45
Charles Schwab
California
– -$404K -1,494 Closed
PIM
46
Partner Investment Management
California
– -$187K -692 Closed
TRCT
47
Tower Research Capital (TRC)
New York
– -$26K -97 Closed
Barclays
48
Barclays
United Kingdom
– +$625 +6 +300%
1
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NOVN Hedge Fund Activity: Q1 2017 in Review

38 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Novan, Inc. Common Stock (NOVN) for Q1 2017, worth a combined $8.92M — down 86% from $64.2M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of NOVN and 8 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 13 added.

The largest buyer was BlackRock, adding an estimated $1.82M. The largest seller was PFM Health Sciences, exiting entirely with an estimated $9.23M sold.

  • 38 institutional investors held Novan, Inc. Common Stock (NOVN) as of Q1 2017, down from 46 in Q4 2016.
  • Funds reported $8.92M of Novan, Inc. Common Stock stock for Q1 2017, down 86% quarter-over-quarter.
  • 8 funds opened new Novan, Inc. Common Stock positions in Q1 2017 and 10 closed out, a net change of -2 holders.
  • The largest Novan, Inc. Common Stock buyer in Q1 2017 was BlackRock, an estimated $1.82M added.
  • The largest Novan, Inc. Common Stock seller in Q1 2017 was PFM Health Sciences, an estimated $9.23M sold.

Based on aggregated 13F filings for Q1 2017.