Novan, Inc. Common Stock
NOVN
NOVN was delisted on the 25th of July, 2023.
29 hedge funds and large institutions have $4.44M invested in Novan, Inc. Common Stock in 2022 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 6 reducing their positions, and 10 closing their positions.
22% less funds holding
Funds holding: 37 → 29 (-8)
50% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 6
53% less capital invested
Capital invested by funds: $9.55M → $4.44M (-$5.11M)
70% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Armistice Capital
New York
|
+$3.61M |
| 2 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
+$53.8K |
| 3 |
Charles Schwab
San Francisco,
California
|
+$47.4K |
| 4 |
BlackRock
New York
|
+$8.99K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$389 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LB
Leo Brokerage
Hurst,
Texas
|
-$262K |
| 2 |
Two Sigma Investments
New York
|
-$259K |
| 3 |
Renaissance Technologies
New York
|
-$195K |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$176K |
| 5 |
Two Sigma Advisers
New York
|
-$133K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
D.E. Shaw & Co
New York
| – | -$63K | -16,083 | Closed |
|
|
EDRH
27
Edmond de Rothschild Holding
Chambesy,
Switzerland
| – | -$39K | -10,000 | Closed |
|
28
Simplex Trading
Chicago,
Illinois
| – | -$1.63K | -591 | Closed |
|
|
MCC
29
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$1K | -280 | Closed |
|
30
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$1K | -258 | Closed |
|
|
EAM
31
Evanson Asset Management
Carmel,
California
| – | -$1K | -156 | Closed |
|
32
Wells Fargo
San Francisco,
California
| – | +$33 | +12 | +10% |
|
|
33
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | +$389 | +141 | New |
|
NOVN Hedge Fund Activity: Q2 2022 in Review
29 of the 5,937 institutional investors tracked by Wall St. Rank reported a position in Novan, Inc. Common Stock (NOVN) for Q2 2022, worth a combined $4.44M — down 53% from $9.55M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NOVN and 3 opened new positions — a net loss of 7 holders — while 6 trimmed existing stakes and 3 added.
The largest buyer was Armistice Capital, opening a new position worth an estimated $3.61M. The largest seller was Leo Brokerage, exiting entirely with an estimated $262K sold.
- 29 institutional investors held Novan, Inc. Common Stock (NOVN) as of Q2 2022, down from 37 in Q1 2022.
- Funds reported $4.44M of Novan, Inc. Common Stock stock for Q2 2022, down 53% quarter-over-quarter.
- 3 funds opened new Novan, Inc. Common Stock positions in Q2 2022 and 10 closed out, a net change of -7 holders.
- The largest Novan, Inc. Common Stock buyer in Q2 2022 was Armistice Capital, an estimated $3.61M added.
- The largest Novan, Inc. Common Stock seller in Q2 2022 was Leo Brokerage, an estimated $262K sold.
Based on aggregated 13F filings for Q2 2022.