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NOVN

Novan, Inc. Common Stock
NOVN

Delisted

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

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37 hedge funds and large institutions have $9.55M invested in Novan, Inc. Common Stock in 2022 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 7

100% more call options, than puts

Call options by funds: $2K | Put options by funds: $1K

29% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 7

19% more funds holding

Funds holding: 31 → 37 (+6)

6% less capital invested

Capital invested by funds: $10.2M → $9.55M (-$606K)

Holders
37
Holders Change
+6
Holders Change %
+19.35%
% of All Funds
0.58%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
9
Reduced
7
Closed
7
Calls
$2K
Puts
$1K
Net Calls
+$1K
Net Calls Change
-$141K

Top Buyers

Rank Fund Capital Flow
1
GCP
GSA Capital Partners
United Kingdom
+$468K
2
Renaissance Technologies
Renaissance Technologies
New York
+$141K
3
Citadel Advisors
Citadel Advisors
Florida
+$107K
4
Goldman Sachs
Goldman Sachs
New York
+$106K
5
BRWM
B. Riley Wealth Management
Tennessee
+$97.5K

Top Sellers

Rank Fund Capital Flow
1
AFM
Anson Funds Management
Texas
-$626K
2
Two Sigma Investments
Two Sigma Investments
New York
-$442K
3
VF
Virtu Financial
New York
-$151K
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$99.2K
5
Millennium Management
Millennium Management
New York
-$98K
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
26
IFP Advisors
Florida
$3K +$1.38K +375 New
Simplex Trading
27
Simplex Trading
Illinois
$2K -$5.86K -1,592 -73%
CG
28
Cutler Group
California
$1K – – –
SWA
29
SOA Wealth Advisors
New York
$1K – – –
EAM
30
Evanson Asset Management
California
$1K +$574 +156 New
Federated Hermes
31
Federated Hermes
Pennsylvania
$1K +$949 +258 New
MCC
32
Money Concepts Capital
Florida
$1K +$1.03K +280 New
AFM
33
Anson Funds Management
Texas
– -$626K -150,084 Closed
VF
34
Virtu Financial
New York
– -$151K -36,142 Closed
Millennium Management
35
Millennium Management
New York
– -$98K -23,602 Closed
JF
36
Jump Financial
Illinois
– -$94K -22,400 Closed
AC
37
Aristides Capital
Kentucky
– -$85K -20,284 Closed
Susquehanna International Group
38
Susquehanna International Group
Pennsylvania
– -$70K -16,709 Closed
Wells Fargo
39
Wells Fargo
California
– -$74 -20 -15%
RCM
40
Raleigh Capital Management
North Carolina
– +$173 +47 New
FCA
41
FinTrust Capital Advisors
South Carolina
– +$257 +70 New
1
2

NOVN Hedge Fund Activity: Q1 2022 in Review

37 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in Novan, Inc. Common Stock (NOVN) for Q1 2022, worth a combined $9.55M — down 6% from $10.2M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new NOVN positions and 7 closed out — a net gain of 7 holders — while 9 added to existing stakes and 7 trimmed.

The largest buyer was GSA Capital Partners, opening a new position worth an estimated $468K. The largest seller was Anson Funds Management, exiting entirely with an estimated $626K sold.

  • 37 institutional investors held Novan, Inc. Common Stock (NOVN) as of Q1 2022, up from 31 in Q4 2021.
  • Funds reported $9.55M of Novan, Inc. Common Stock stock for Q1 2022, down 6% quarter-over-quarter.
  • 14 funds opened new Novan, Inc. Common Stock positions in Q1 2022 and 7 closed out, a net change of +7 holders.
  • The largest Novan, Inc. Common Stock buyer in Q1 2022 was GSA Capital Partners, an estimated $468K added.
  • The largest Novan, Inc. Common Stock seller in Q1 2022 was Anson Funds Management, an estimated $626K sold.

Based on aggregated 13F filings for Q1 2022.