Novan, Inc. Common Stock
NOVN
NOVN was delisted on the 25th of July, 2023.
34 hedge funds and large institutions have $8.23M invested in Novan, Inc. Common Stock in 2022 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 7 increasing their positions, 3 reducing their positions, and 4 closing their positions.
150% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 4
133% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 3
85% more capital invested
Capital invested by funds: $4.44M → $8.23M (+$3.79M)
17% more funds holding
Funds holding: 29 → 34 (+5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Armistice Capital
New York
|
+$2.48M |
| 2 |
WP
WealthSource Partners
San Luis Obispo,
California
|
+$393K |
| 3 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$221K |
| 4 |
Millennium Management
New York
|
+$140K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$44.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$148K |
| 2 |
Renaissance Technologies
New York
|
-$93.6K |
| 3 |
Two Sigma Advisers
New York
|
-$74K |
| 4 |
SM
Sabby Management
Miami Beach,
Florida
|
-$67K |
| 5 |
BlackRock
New York
|
-$14.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Simplex Trading
Chicago,
Illinois
| $2K | +$3.46K | +1,372 | New |
|
|
GCP
27
GSA Capital Partners
London,
United Kingdom
| – | -$148K | -63,306 | Closed |
|
|
28
Two Sigma Advisers
New York
| – | -$74K | -31,800 | Closed |
|
|
SM
29
Sabby Management
Miami Beach,
Florida
| – | -$67K | -28,838 | Closed |
|
|
PFS
30
Prospera Financial Services
Dallas,
Texas
| – | -$11K | -4,513 | Closed |
|
|
CG
31
Cutler Group
San Francisco,
California
| – | -$756 | -300 | -75% |
|
32
Bank of America
Charlotte,
North Carolina
| – | +$3 | +1 | New |
|
33
Wells Fargo
San Francisco,
California
| – | +$33 | +13 | +10% |
|
34
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | +$184 | +73 | +52% |
|
NOVN Hedge Fund Activity: Q3 2022 in Review
34 of the 5,806 institutional investors tracked by Wall St. Rank reported a position in Novan, Inc. Common Stock (NOVN) for Q3 2022, worth a combined $8.23M — up 85% from $4.44M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new NOVN positions and 4 closed out — a net gain of 6 holders — while 7 added to existing stakes and 3 trimmed.
The largest buyer was Armistice Capital, adding an estimated $2.48M. The largest seller was GSA Capital Partners, exiting entirely with an estimated $148K sold.
- 34 institutional investors held Novan, Inc. Common Stock (NOVN) as of Q3 2022, up from 29 in Q2 2022.
- Funds reported $8.23M of Novan, Inc. Common Stock stock for Q3 2022, up 85% quarter-over-quarter.
- 10 funds opened new Novan, Inc. Common Stock positions in Q3 2022 and 4 closed out, a net change of +6 holders.
- The largest Novan, Inc. Common Stock buyer in Q3 2022 was Armistice Capital, an estimated $2.48M added.
- The largest Novan, Inc. Common Stock seller in Q3 2022 was GSA Capital Partners, an estimated $148K sold.
Based on aggregated 13F filings for Q3 2022.