Novan, Inc. Common Stock
NOVN
NOVN was delisted on the 25th of July, 2023.
22 hedge funds and large institutions have $13.5M invested in Novan, Inc. Common Stock in 2021 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 7 reducing their positions, and 15 closing their positions.
87% more call options, than puts
Call options by funds: $1.83M | Put options by funds: $974K
29% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 7
33% less funds holding
Funds holding: 33 → 22 (-11)
60% less capital invested
Capital invested by funds: $33.7M → $13.5M (-$20.2M)
73% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$662K |
| 2 |
SFI
Susquehanna Fundamental Investments
Bala Cynwyd,
Pennsylvania
|
+$535K |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$176K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$103K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$73.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LM
Luminus Management
Houston,
Texas
|
-$5.99M |
| 2 |
MIM
Monashee Investment Management
Boston,
Massachusetts
|
-$3.77M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$2.33M |
| 4 |
MWNA
Marshall Wace North America
New York
|
-$2.2M |
| 5 |
BlackRock
New York
|
-$975K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VF
26
Virtu Financial
New York
| – | -$464K | -46,108 | Closed |
|
27
Alyeska Investment Group
Chicago,
Illinois
| – | -$419K | -41,652 | Closed |
|
|
BCM
28
Bridgeway Capital Management
Houston,
Texas
| – | -$352K | -35,000 | Closed |
|
29
Squarepoint
New York
| – | -$179K | -17,775 | Closed |
|
|
EDRH
30
Edmond de Rothschild Holding
Chambesy,
Switzerland
| – | -$101K | -10,000 | Closed |
|
31
Osaic Holdings
Scottsdale,
Arizona
| – | -$875 | -100 | -67% |
|
|
ASN
32
Advisory Services Network
Atlanta,
Georgia
| – | -$1K | -95 | Closed |
|
33
Bank of America
Charlotte,
North Carolina
| – | -$1K | -92 | Closed |
|
|
GWMIA
34
Global Wealth Management Investment Advisory
Fort Lauderdale,
Florida
| – | -$1K | -65 | Closed |
|
35
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$1K | -53 | Closed |
|
NOVN Hedge Fund Activity: Q3 2021 in Review
22 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in Novan, Inc. Common Stock (NOVN) for Q3 2021, worth a combined $13.5M — down 60% from $33.7M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of NOVN and 4 opened new positions — a net loss of 11 holders — while 7 trimmed existing stakes and 5 added.
The largest buyer was GSA Capital Partners, adding an estimated $662K. The largest seller was Luminus Management, exiting entirely with an estimated $5.99M sold.
- 22 institutional investors held Novan, Inc. Common Stock (NOVN) as of Q3 2021, down from 33 in Q2 2021.
- Funds reported $13.5M of Novan, Inc. Common Stock stock for Q3 2021, down 60% quarter-over-quarter.
- 4 funds opened new Novan, Inc. Common Stock positions in Q3 2021 and 15 closed out, a net change of -11 holders.
- The largest Novan, Inc. Common Stock buyer in Q3 2021 was GSA Capital Partners, an estimated $662K added.
- The largest Novan, Inc. Common Stock seller in Q3 2021 was Luminus Management, an estimated $5.99M sold.
Based on aggregated 13F filings for Q3 2021.