Novan, Inc. Common Stock
NOVN
NOVN was delisted on the 25th of July, 2023.
27 hedge funds and large institutions have $1.97M invested in Novan, Inc. Common Stock in 2020 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 10 increasing their positions, 2 reducing their positions, and 4 closing their positions.
400% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 2
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
35% more funds holding
Funds holding: 20 → 27 (+7)
51% less capital invested
Capital invested by funds: $4.05M → $1.97M (-$2.08M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
+$233K |
| 2 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$197K |
| 3 |
BlackRock
New York
|
+$120K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$76.3K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$62.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SM
Sabby Management
Miami Beach,
Florida
|
-$2.11M |
| 2 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$487K |
| 3 |
CH
CVI Holdings
Wilmington,
Delaware
|
-$435K |
| 4 |
AMG
Advisors Management Group
La Crosse,
Wisconsin
|
-$5K |
| 5 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$732 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | +$114 | +27 | +51% |
|
|
AF
27
Advisornet Financial
Minnetonka,
Minnesota
| – | +$368 | +87 | New |
|
|
RCC
28
Red Cedar Capital
Omaha,
Nebraska
| – | +$423 | +100 | New |
|
NOVN Hedge Fund Activity: Q2 2020 in Review
27 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Novan, Inc. Common Stock (NOVN) for Q2 2020, worth a combined $1.97M — down 51% from $4.05M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new NOVN positions and 4 closed out — a net gain of 7 holders — while 10 added to existing stakes and 2 trimmed.
The largest buyer was Acadian Asset Management, opening a new position worth an estimated $233K. The largest seller was Sabby Management, exiting entirely with an estimated $2.11M sold.
- 27 institutional investors held Novan, Inc. Common Stock (NOVN) as of Q2 2020, up from 20 in Q1 2020.
- Funds reported $1.97M of Novan, Inc. Common Stock stock for Q2 2020, down 51% quarter-over-quarter.
- 11 funds opened new Novan, Inc. Common Stock positions in Q2 2020 and 4 closed out, a net change of +7 holders.
- The largest Novan, Inc. Common Stock buyer in Q2 2020 was Acadian Asset Management, an estimated $233K added.
- The largest Novan, Inc. Common Stock seller in Q2 2020 was Sabby Management, an estimated $2.11M sold.
Based on aggregated 13F filings for Q2 2020.