Novan, Inc. Common Stock
NOVN
NOVN was delisted on the 25th of July, 2023.
33 hedge funds and large institutions have $857K invested in Novan, Inc. Common Stock in 2023 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 4 reducing their positions, and 4 closing their positions.
125% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 4
3% less funds holding
Funds holding: 34 → 33 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
84% less capital invested
Capital invested by funds: $5.29M → $857K (-$4.43M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Geode Capital Management
Boston,
Massachusetts
|
+$89K |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$52.3K |
| 3 |
BlackRock
New York
|
+$28.4K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$10.8K |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$10.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Armistice Capital
New York
|
-$2.92M |
| 2 |
TSS
Two Sigma Securities
New York
|
-$27.5K |
| 3 |
Morgan Stanley
New York
|
-$2.54K |
| 4 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$1.08K |
| 5 |
Simplex Trading
Chicago,
Illinois
|
-$307 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FCA
26
FinTrust Capital Advisors
Greenville,
South Carolina
| $103 | – | – | – |
|
27
Wells Fargo
San Francisco,
California
| $87 | +$35 | +33 | +20% |
|
|
S
28
SignatureFD
Atlanta,
Georgia
| $83 | +$203 | +192 | New |
|
|
WP
29
WealthPLAN Partners
Omaha,
Nebraska
| $43 | – | – | – |
|
|
RCM
30
Raleigh Capital Management
Cary,
North Carolina
| $20 | – | – | – |
|
31
UBS Group
Zurich,
Switzerland
| $11 | – | – | – |
|
|
AC
32
Armistice Capital
New York
| – | -$2.92M | -2,247,248 | Closed |
|
|
ASN
33
Advisory Services Network
Atlanta,
Georgia
| – | -$1.08K | -829 | Closed |
|
|
34
Simplex Trading
Chicago,
Illinois
| – | -$307 | -290 | -85% |
|
|
CWA
35
Carolina Wealth Advisors
Myrtle Beach,
South Carolina
| – | -$130 | -100 | Closed |
|
36
Bank of America
Charlotte,
North Carolina
| – | -$1 | -1 | Closed |
|
NOVN Hedge Fund Activity: Q2 2023 in Review
33 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in Novan, Inc. Common Stock (NOVN) for Q2 2023, worth a combined $857K — down 84% from $5.29M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of NOVN and 3 opened new positions — a net loss of 1 holder — while 4 trimmed existing stakes and 9 added.
The largest buyer was Geode Capital Management, adding an estimated $89K. The largest seller was Armistice Capital, exiting entirely with an estimated $2.92M sold.
- 33 institutional investors held Novan, Inc. Common Stock (NOVN) as of Q2 2023, down from 34 in Q1 2023.
- Funds reported $857K of Novan, Inc. Common Stock stock for Q2 2023, down 84% quarter-over-quarter.
- 3 funds opened new Novan, Inc. Common Stock positions in Q2 2023 and 4 closed out, a net change of -1 holder.
- The largest Novan, Inc. Common Stock buyer in Q2 2023 was Geode Capital Management, an estimated $89K added.
- The largest Novan, Inc. Common Stock seller in Q2 2023 was Armistice Capital, an estimated $2.92M sold.
Based on aggregated 13F filings for Q2 2023.