Novan, Inc. Common Stock
NOVN
NOVN was delisted on the 25th of July, 2023.
31 hedge funds and large institutions have $2.61M invested in Novan, Inc. Common Stock in 2022 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 9 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 6
9% less funds holding
Funds holding: 34 → 31 (-3)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
68% less capital invested
Capital invested by funds: $8.23M → $2.61M (-$5.62M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$78.7K |
| 2 |
Jane Street
New York
|
+$13.6K |
| 3 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
+$11.7K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$6.58K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Armistice Capital
New York
|
-$4.29M |
| 2 |
WP
WealthSource Partners
San Luis Obispo,
California
|
-$291K |
| 3 |
Renaissance Technologies
New York
|
-$139K |
| 4 |
Millennium Management
New York
|
-$104K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$33K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of America
Charlotte,
North Carolina
| $83 | +$66 | +56 | +5,600% |
|
|
RCM
27
Raleigh Capital Management
Cary,
North Carolina
| $68 | – | – | – |
|
28
UBS Group
Zurich,
Switzerland
| $37 | -$7.78K | -6,642 | -100% |
|
29
Fidelity Investments
Boston,
Massachusetts
| $15 | +$12 | +10 | New |
|
|
AC
30
Armistice Capital
New York
| – | -$4.29M | -2,293,000 | Closed |
|
|
WP
31
WealthSource Partners
San Luis Obispo,
California
| – | -$291K | -155,851 | Closed |
|
|
32
Millennium Management
New York
| – | -$104K | -55,430 | Closed |
|
|
33
Citadel Advisors
Miami,
Florida
| – | -$33K | -17,596 | Closed |
|
|
FFM
34
Forum Financial Management
Lombard,
Illinois
| – | -$28K | -15,000 | Closed |
|
|
OQS
35
Occudo Quantitative Strategies
Fort Lauderdale,
Florida
| – | -$21K | -11,068 | Closed |
|
|
GVAG
36
Great Valley Advisor Group
Wilmington,
Delaware
| – | -$20K | -10,726 | Closed |
|
37
Simplex Trading
Chicago,
Illinois
| – | -$2K | -1,372 | Closed |
|
38
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$134 | -114 | -53% |
|
NOVN Hedge Fund Activity: Q4 2022 in Review
31 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in Novan, Inc. Common Stock (NOVN) for Q4 2022, worth a combined $2.61M — down 68% from $8.23M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of NOVN and 6 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 6 added.
The largest buyer was B. Riley Wealth Advisors, adding an estimated $78.7K. The largest seller was Armistice Capital, exiting entirely with an estimated $4.29M sold.
- 31 institutional investors held Novan, Inc. Common Stock (NOVN) as of Q4 2022, down from 34 in Q3 2022.
- Funds reported $2.61M of Novan, Inc. Common Stock stock for Q4 2022, down 68% quarter-over-quarter.
- 6 funds opened new Novan, Inc. Common Stock positions in Q4 2022 and 9 closed out, a net change of -3 holders.
- The largest Novan, Inc. Common Stock buyer in Q4 2022 was B. Riley Wealth Advisors, an estimated $78.7K added.
- The largest Novan, Inc. Common Stock seller in Q4 2022 was Armistice Capital, an estimated $4.29M sold.
Based on aggregated 13F filings for Q4 2022.