Novan, Inc. Common Stock
NOVN
NOVN was delisted on the 25th of July, 2023.
33 hedge funds and large institutions have $33.7M invested in Novan, Inc. Common Stock in 2021 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 24 closing their positions.
167% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 3
42% more capital invested
Capital invested by funds: $23.7M → $33.7M (+$10M)
18% less funds holding
Funds holding: 40 → 33 (-7)
29% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LM
Luminus Management
Houston,
Texas
|
+$7.01M |
| 2 |
MIM
Monashee Investment Management
Boston,
Massachusetts
|
+$4.42M |
| 3 |
MWNA
Marshall Wace North America
New York
|
+$3.45M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$2.72M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$2.85M |
| 2 |
Millennium Management
New York
|
-$1.73M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$306K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$299K |
| 5 |
LP
LMR Partners
London,
United Kingdom
|
-$147K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BW
51
Bison Wealth
Atlanta,
Georgia
| – | -$35K | -2,222 | Closed |
|
|
WDL
52
Well Done LLC
Holland,
Michigan
| – | -$23K | -1,500 | Closed |
|
|
ONB
53
Old National Bancorp
Evansville,
Indiana
| – | -$22K | -1,400 | Closed |
|
|
I
54
INVST
Indianapolis,
Indiana
| – | -$16K | -1,171 | Closed |
|
55
HighTower Advisors
Chicago,
Illinois
| – | -$15K | -1,010 | Closed |
|
|
DC
56
Davenport & Co
Richmond,
Virginia
| – | -$16K | -1,000 | Closed |
|
57
JP Morgan Chase
New York
| – | -$2K | -100 | Closed |
|
NOVN Hedge Fund Activity: Q2 2021 in Review
33 of the 5,746 institutional investors tracked by Wall St. Rank reported a position in Novan, Inc. Common Stock (NOVN) for Q2 2021, worth a combined $33.7M — up 42% from $23.7M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of NOVN and 17 opened new positions — a net loss of 7 holders — while 3 trimmed existing stakes and 8 added.
The largest buyer was Luminus Management, opening a new position worth an estimated $7.01M. The largest seller was Renaissance Technologies, exiting entirely with an estimated $2.85M sold.
- 33 institutional investors held Novan, Inc. Common Stock (NOVN) as of Q2 2021, down from 40 in Q1 2021.
- Funds reported $33.7M of Novan, Inc. Common Stock stock for Q2 2021, up 42% quarter-over-quarter.
- 17 funds opened new Novan, Inc. Common Stock positions in Q2 2021 and 24 closed out, a net change of -7 holders.
- The largest Novan, Inc. Common Stock buyer in Q2 2021 was Luminus Management, an estimated $7.01M added.
- The largest Novan, Inc. Common Stock seller in Q2 2021 was Renaissance Technologies, an estimated $2.85M sold.
Based on aggregated 13F filings for Q2 2021.