Novan, Inc. Common Stock
NOVN
NOVN was delisted on the 25th of July, 2023.
34 hedge funds and large institutions have $5.29M invested in Novan, Inc. Common Stock in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 3 closing their positions.
102% more capital invested
Capital invested by funds: $2.61M → $5.29M (+$2.67M)
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
10% more funds holding
Funds holding: 31 → 34 (+3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Armistice Capital
New York
|
+$3.12M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$57.9K |
| 3 |
TSS
Two Sigma Securities
New York
|
+$53.9K |
| 4 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$44.4K |
| 5 |
DS
DRW Securities
Chicago,
Illinois
|
+$28.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$99K |
| 2 |
OHWP
Oak Harbor Wealth Partners
Raleigh,
North Carolina
|
-$35K |
| 3 |
Jane Street
New York
|
-$16.9K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$8.4K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
-$1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CWA
26
Carolina Wealth Advisors
Myrtle Beach,
South Carolina
| $130 | +$139 | +100 | New |
|
|
WP
27
WealthPLAN Partners
Omaha,
Nebraska
| $130 | +$139 | +100 | New |
|
|
FCA
28
FinTrust Capital Advisors
Greenville,
South Carolina
| $103 | – | – | – |
|
|
RCM
29
Raleigh Capital Management
Cary,
North Carolina
| $61 | – | – | – |
|
30
UBS Group
Zurich,
Switzerland
| $33 | – | – | – |
|
31
Bank of America
Charlotte,
North Carolina
| $1 | -$78 | -56 | -98% |
|
|
32
Jane Street
New York
| – | -$16.9K | -11,575 | Closed |
|
|
MCC
33
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$408 | -280 | Closed |
|
|
IA
34
IFP Advisors
Tampa,
Florida
| – | -$1K | -4 | Closed |
|
35
Simplex Trading
Chicago,
Illinois
| – | +$473 | +341 | New |
|
NOVN Hedge Fund Activity: Q1 2023 in Review
34 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Novan, Inc. Common Stock (NOVN) for Q1 2023, worth a combined $5.29M — up 102% from $2.61M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new NOVN positions and 3 closed out — a net gain of 3 holders — while 7 added to existing stakes and 4 trimmed.
The largest buyer was Armistice Capital, opening a new position worth an estimated $3.12M. The largest seller was Renaissance Technologies, cutting an estimated $99K.
- 34 institutional investors held Novan, Inc. Common Stock (NOVN) as of Q1 2023, up from 31 in Q4 2022.
- Funds reported $5.29M of Novan, Inc. Common Stock stock for Q1 2023, up 102% quarter-over-quarter.
- 6 funds opened new Novan, Inc. Common Stock positions in Q1 2023 and 3 closed out, a net change of +3 holders.
- The largest Novan, Inc. Common Stock buyer in Q1 2023 was Armistice Capital, an estimated $3.12M added.
- The largest Novan, Inc. Common Stock seller in Q1 2023 was Renaissance Technologies, an estimated $99K sold.
Based on aggregated 13F filings for Q1 2023.