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NOVN

Novan, Inc. Common Stock
NOVN

Delisted

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

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23 hedge funds and large institutions have $9.55M invested in Novan, Inc. Common Stock in 2018 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 2 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

250% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 2

165% more capital invested

Capital invested by funds: $3.61M → $9.55M (+$5.94M)

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

15% more funds holding

Funds holding: 20 → 23 (+3)

Holders
23
Holders Change
+3
Holders Change %
+15%
% of All Funds
0.53%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
7
Reduced
2
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AC
Armistice Capital
New York
+$3.35M
2
SM
Sabby Management
Florida
+$1.83M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$1.3M
4
Renaissance Technologies
Renaissance Technologies
New York
+$108K
5
PFS
Prospera Financial Services
Texas
+$79.2K

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$272K
2
Goldman Sachs
Goldman Sachs
New York
-$43K
3
Macquarie Group
Macquarie Group
Australia
-$31K
4
Morgan Stanley
Morgan Stanley
New York
-$5.2K
5
Federated Hermes
Federated Hermes
Pennsylvania
-$34
Name Holding Trade Value Shares
Change 		Change in
Stake
Macquarie Group
26
Macquarie Group
Australia
– -$31K -734 Closed
1
2

NOVN Hedge Fund Activity: Q1 2018 in Review

23 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Novan, Inc. Common Stock (NOVN) for Q1 2018, worth a combined $9.55M — up 165% from $3.61M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new NOVN positions and 3 closed out — a net gain of 3 holders — while 7 added to existing stakes and 2 trimmed.

The largest buyer was Armistice Capital, opening a new position worth an estimated $3.35M. The largest seller was Millennium Management, exiting entirely with an estimated $272K sold.

  • 23 institutional investors held Novan, Inc. Common Stock (NOVN) as of Q1 2018, up from 20 in Q4 2017.
  • Funds reported $9.55M of Novan, Inc. Common Stock stock for Q1 2018, up 165% quarter-over-quarter.
  • 6 funds opened new Novan, Inc. Common Stock positions in Q1 2018 and 3 closed out, a net change of +3 holders.
  • The largest Novan, Inc. Common Stock buyer in Q1 2018 was Armistice Capital, an estimated $3.35M added.
  • The largest Novan, Inc. Common Stock seller in Q1 2018 was Millennium Management, an estimated $272K sold.

Based on aggregated 13F filings for Q1 2018.