Novan, Inc. Common Stock
NOVN
NOVN was delisted on the 25th of July, 2023.
26 hedge funds and large institutions have $4.21M invested in Novan, Inc. Common Stock in 2020 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 8 closing their positions.
114% more capital invested
Capital invested by funds: $1.97M → $4.21M (+$2.24M)
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
4% less funds holding
Funds holding: 27 → 26 (-1)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.66M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$293K |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$126K |
| 4 |
Morgan Stanley
New York
|
+$124K |
| 5 |
VF
Virtu Financial
New York
|
+$38.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
-$266K |
| 2 |
BlackRock
New York
|
-$209K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$79.8K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$47K |
| 5 |
Millennium Management
New York
|
-$12.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
26
IFP Advisors
Tampa,
Florida
| – | -$2.83K | -500 | Closed |
|
27
Osaic Holdings
Scottsdale,
Arizona
| – | -$1.42K | -250 | -83% |
|
28
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$453 | -80 | Closed |
|
29
Wells Fargo
San Francisco,
California
| – | +$102 | +18 | +72% |
|
NOVN Hedge Fund Activity: Q3 2020 in Review
26 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Novan, Inc. Common Stock (NOVN) for Q3 2020, worth a combined $4.21M — up 114% from $1.97M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NOVN and 7 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 8 added.
The largest buyer was Vanguard Group, adding an estimated $2.66M. The largest seller was Acadian Asset Management, exiting entirely with an estimated $266K sold.
- 26 institutional investors held Novan, Inc. Common Stock (NOVN) as of Q3 2020, down from 27 in Q2 2020.
- Funds reported $4.21M of Novan, Inc. Common Stock stock for Q3 2020, up 114% quarter-over-quarter.
- 7 funds opened new Novan, Inc. Common Stock positions in Q3 2020 and 8 closed out, a net change of -1 holder.
- The largest Novan, Inc. Common Stock buyer in Q3 2020 was Vanguard Group, an estimated $2.66M added.
- The largest Novan, Inc. Common Stock seller in Q3 2020 was Acadian Asset Management, an estimated $266K sold.
Based on aggregated 13F filings for Q3 2020.