Novan, Inc. Common Stock
NOVN
NOVN was delisted on the 25th of July, 2023.
23 hedge funds and large institutions have $6.5M invested in Novan, Inc. Common Stock in 2018 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 5 reducing their positions, and 4 closing their positions.
0% more funds holding
Funds holding: 23 → 23 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
0% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 5
28% less capital invested
Capital invested by funds: $8.98M → $6.5M (-$2.48M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$85K |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$60.9K |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$32.6K |
| 4 |
MAM
Meeder Asset Management
Dublin,
Ohio
|
+$14K |
| 5 |
BlackRock
New York
|
+$5.68K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Armistice Capital
New York
|
-$1.47M |
| 2 |
SM
Sabby Management
Miami Beach,
Florida
|
-$587K |
| 3 |
CH
CVI Holdings
Wilmington,
Delaware
|
-$190K |
| 4 |
FCBT
First Citizens Bank & Trust
Raleigh,
North Carolina
|
-$31K |
| 5 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$13.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$3K | -100 | Closed |
|
27
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$2K | -56 | Closed |
|
28
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | +$111 | +4 | New |
|
NOVN Hedge Fund Activity: Q3 2018 in Review
23 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Novan, Inc. Common Stock (NOVN) for Q3 2018, worth a combined $6.5M — down 28% from $8.98M a quarter earlier.
Fund positioning in NOVN was balanced in Q3 2018: 4 funds opened new positions, 4 closed out, 5 added to existing stakes and 5 trimmed.
The largest buyer was Renaissance Technologies, adding an estimated $85K. The largest seller was Armistice Capital, exiting entirely with an estimated $1.47M sold.
- 23 institutional investors held Novan, Inc. Common Stock (NOVN) as of Q3 2018, unchanged from Q2 2018.
- Funds reported $6.5M of Novan, Inc. Common Stock stock for Q3 2018, down 28% quarter-over-quarter.
- 4 funds opened new Novan, Inc. Common Stock positions in Q3 2018 and 4 closed out, a net change of 0 holders.
- The largest Novan, Inc. Common Stock buyer in Q3 2018 was Renaissance Technologies, an estimated $85K added.
- The largest Novan, Inc. Common Stock seller in Q3 2018 was Armistice Capital, an estimated $1.47M sold.
Based on aggregated 13F filings for Q3 2018.