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NOVN

Novan, Inc. Common Stock
NOVN

Delisted

NOVN was delisted on the 25th of July, 2023.

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40 hedge funds and large institutions have $23.7M invested in Novan, Inc. Common Stock in 2021 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 6

124% more capital invested

Capital invested by funds: $10.6M → $23.7M (+$13.1M)

54% more funds holding

Funds holding: 26 → 40 (+14)

40% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 5

Holders
40
Holders Change
+14
Holders Change %
+53.85%
% of All Funds
0.7%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
20
Increased
7
Reduced
5
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Renaissance Technologies
Renaissance Technologies
New York
+$2.75M
2
Millennium Management
Millennium Management
New York
+$1.66M
3
Citadel Advisors
Citadel Advisors
Florida
+$295K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$288K
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$282K

Top Sellers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
-$1.52M
2
BlackRock
BlackRock
New York
-$1.16M
3
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$144K
4
CAPTRUST Financial Advisors
CAPTRUST Financial Advisors
North Carolina
-$91K
5
TSS
Two Sigma Securities
New York
-$64K
Name Holding Trade Value Shares
Change 		Change in
Stake
Victory Capital Management
26
Victory Capital Management
Texas
$36K +$1.1K +73 +3%
BW
27
Bison Wealth
Georgia
$35K +$33.4K +2,222 New
WDL
28
Well Done LLC
Michigan
$23K – – –
ONB
29
Old National Bancorp
Indiana
$22K +$21.1K +1,400 New
DC
30
Davenport & Co
Virginia
$16K – – –
I
31
INVST
Indiana
$16K +$17.6K +1,171 New
HighTower Advisors
32
HighTower Advisors
Illinois
$15K -$57.7K -3,840 -79%
Bank of America
33
Bank of America
North Carolina
$2K – – –
JP Morgan Chase
34
JP Morgan Chase
New York
$2K +$1.5K +100 New
BFEC
35
Benjamin F. Edwards & Company
Missouri
$1K – – –
CFA
36
Carroll Financial Associates
North Carolina
$1K – – –
Osaic Holdings
37
Osaic Holdings
Arizona
$1K – – –
Wells Fargo
38
Wells Fargo
California
$1K +$75 +5 +6%
GWMIA
39
Global Wealth Management Investment Advisory
Florida
$1K +$977 +65 New
Qube Research & Technologies (QRT)
40
Qube Research & Technologies (QRT)
United Kingdom
– -$144K -17,702 Closed
CAPTRUST Financial Advisors
41
CAPTRUST Financial Advisors
North Carolina
– -$91K -11,235 Closed
CLOS
42
Compagnie Lombard Odier SCmA
Switzerland
– -$30K -3,637 Closed
LCS
43
Levin Capital Strategies
New York
– -$16K -2,000 Closed
UBS Group
44
UBS Group
Switzerland
– -$8.42K -560 -96%
US Bancorp
45
US Bancorp
Minnesota
– -$4K -500 Closed
SFS
46
Sowell Financial Services
Arkansas
– -$1K -100 Closed
1
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NOVN Hedge Fund Activity: Q1 2021 in Review

40 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Novan, Inc. Common Stock (NOVN) for Q1 2021, worth a combined $23.7M — up 124% from $10.6M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new NOVN positions and 6 closed out — a net gain of 14 holders — while 7 added to existing stakes and 5 trimmed.

The largest buyer was Renaissance Technologies, opening a new position worth an estimated $2.75M. The largest seller was Vanguard Group, cutting an estimated $1.52M.

  • 40 institutional investors held Novan, Inc. Common Stock (NOVN) as of Q1 2021, up from 26 in Q4 2020.
  • Funds reported $23.7M of Novan, Inc. Common Stock stock for Q1 2021, up 124% quarter-over-quarter.
  • 20 funds opened new Novan, Inc. Common Stock positions in Q1 2021 and 6 closed out, a net change of +14 holders.
  • The largest Novan, Inc. Common Stock buyer in Q1 2021 was Renaissance Technologies, an estimated $2.75M added.
  • The largest Novan, Inc. Common Stock seller in Q1 2021 was Vanguard Group, an estimated $1.52M sold.

Based on aggregated 13F filings for Q1 2021.