Novan, Inc. Common Stock
NOVN
NOVN was delisted on the 25th of July, 2023.
22 hedge funds and large institutions have $4.9M invested in Novan, Inc. Common Stock in 2019 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 5 closing their positions.
28% more capital invested
Capital invested by funds: $3.83M → $4.9M (+$1.08M)
14% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 7
8% less funds holding
Funds holding: 24 → 22 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMINC
Cardinal Capital Management Inc (North Carolina)
Raleigh,
North Carolina
|
+$117K |
| 2 |
VCM
Vigilant Capital Management
Portland,
Maine
|
+$65.9K |
| 3 |
SAM
Silvercrest Asset Management
New York
|
+$53.4K |
| 4 |
Renaissance Technologies
New York
|
+$49.1K |
| 5 |
BlackRock
New York
|
+$32.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$121K |
| 2 |
Millennium Management
New York
|
-$44K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$40K |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
-$9K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$7.09K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$235 | -10 | -50% |
|
27
BNP Paribas Financial Markets
Paris,
France
| – | -$3 | – | – |
|
NOVN Hedge Fund Activity: Q4 2019 in Review
22 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Novan, Inc. Common Stock (NOVN) for Q4 2019, worth a combined $4.9M — up 28% from $3.83M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of NOVN and 3 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 8 added.
The largest buyer was Cardinal Capital Management Inc (North Carolina), opening a new position worth an estimated $117K. The largest seller was JP Morgan Chase, cutting an estimated $121K.
- 22 institutional investors held Novan, Inc. Common Stock (NOVN) as of Q4 2019, down from 24 in Q3 2019.
- Funds reported $4.9M of Novan, Inc. Common Stock stock for Q4 2019, up 28% quarter-over-quarter.
- 3 funds opened new Novan, Inc. Common Stock positions in Q4 2019 and 5 closed out, a net change of -2 holders.
- The largest Novan, Inc. Common Stock buyer in Q4 2019 was Cardinal Capital Management Inc (North Carolina), an estimated $117K added.
- The largest Novan, Inc. Common Stock seller in Q4 2019 was JP Morgan Chase, an estimated $121K sold.
Based on aggregated 13F filings for Q4 2019.