Novan, Inc. Common Stock
NOVN
NOVN was delisted on the 25th of July, 2023.
20 hedge funds and large institutions have $4.05M invested in Novan, Inc. Common Stock in 2020 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 5 increasing their positions, 2 reducing their positions, and 10 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 2
9% less funds holding
Funds holding: 22 → 20 (-2)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
17% less capital invested
Capital invested by funds: $4.9M → $4.05M (-$849K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SM
Sabby Management
Miami Beach,
Florida
|
+$2.52M |
| 2 |
CH
CVI Holdings
Wilmington,
Delaware
|
+$1.66M |
| 3 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$582K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$543K |
| 5 |
Millennium Management
New York
|
+$45.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$815K |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$196K |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$190K |
| 4 |
CCMINC
Cardinal Capital Management Inc (North Carolina)
Raleigh,
North Carolina
|
-$158K |
| 5 |
SAM
Silvercrest Asset Management
New York
|
-$122K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | +$244 | +43 | +430% |
|
27
Osaic Holdings
Scottsdale,
Arizona
| – | +$284 | +50 | New |
|
NOVN Hedge Fund Activity: Q1 2020 in Review
20 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Novan, Inc. Common Stock (NOVN) for Q1 2020, worth a combined $4.05M — down 17% from $4.9M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NOVN and 9 opened new positions — a net loss of 1 holder — while 2 trimmed existing stakes and 5 added.
The largest buyer was Sabby Management, opening a new position worth an estimated $2.52M. The largest seller was Renaissance Technologies, exiting entirely with an estimated $815K sold.
- 20 institutional investors held Novan, Inc. Common Stock (NOVN) as of Q1 2020, down from 22 in Q4 2019.
- Funds reported $4.05M of Novan, Inc. Common Stock stock for Q1 2020, down 17% quarter-over-quarter.
- 9 funds opened new Novan, Inc. Common Stock positions in Q1 2020 and 10 closed out, a net change of -1 holder.
- The largest Novan, Inc. Common Stock buyer in Q1 2020 was Sabby Management, an estimated $2.52M added.
- The largest Novan, Inc. Common Stock seller in Q1 2020 was Renaissance Technologies, an estimated $815K sold.
Based on aggregated 13F filings for Q1 2020.