Novan, Inc. Common Stock
NOVN
NOVN was delisted on the 25th of July, 2023.
19 hedge funds and large institutions have $3.21M invested in Novan, Inc. Common Stock in 2019 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 4 reducing their positions, and 8 closing their positions.
139% more capital invested
Capital invested by funds: $1.34M → $3.21M (+$1.87M)
50% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 4
24% less funds holding
Funds holding: 25 → 19 (-6)
75% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$219K |
| 2 |
Renaissance Technologies
New York
|
+$114K |
| 3 |
BlackRock
New York
|
+$84.5K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$81.7K |
| 5 |
SAM
Silvercrest Asset Management
New York
|
+$38.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$304K |
| 2 |
SM
Sabby Management
Miami Beach,
Florida
|
-$82K |
| 3 |
CH
CVI Holdings
Wilmington,
Delaware
|
-$68K |
| 4 |
Bank of New York Mellon
New York
|
-$27K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
-$21K |
NOVN Hedge Fund Activity: Q2 2019 in Review
19 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Novan, Inc. Common Stock (NOVN) for Q2 2019, worth a combined $3.21M — up 139% from $1.34M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NOVN and 2 opened new positions — a net loss of 6 holders — while 4 trimmed existing stakes and 6 added.
The largest buyer was Vanguard Group, adding an estimated $219K. The largest seller was Franklin Resources, exiting entirely with an estimated $304K sold.
- 19 institutional investors held Novan, Inc. Common Stock (NOVN) as of Q2 2019, down from 25 in Q1 2019.
- Funds reported $3.21M of Novan, Inc. Common Stock stock for Q2 2019, up 139% quarter-over-quarter.
- 2 funds opened new Novan, Inc. Common Stock positions in Q2 2019 and 8 closed out, a net change of -6 holders.
- The largest Novan, Inc. Common Stock buyer in Q2 2019 was Vanguard Group, an estimated $219K added.
- The largest Novan, Inc. Common Stock seller in Q2 2019 was Franklin Resources, an estimated $304K sold.
Based on aggregated 13F filings for Q2 2019.