Novan, Inc. Common Stock
NOVN
NOVN was delisted on the 25th of July, 2023.
26 hedge funds and large institutions have $3.89M invested in Novan, Inc. Common Stock in 2017 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 5 increasing their positions, 9 reducing their positions, and 19 closing their positions.
32% less funds holding
Funds holding: 38 → 26 (-12)
44% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 9
56% less capital invested
Capital invested by funds: $8.92M → $3.89M (-$5.03M)
63% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$340K |
| 2 |
ECM
Element Capital Management
New York
|
+$201K |
| 3 |
Goldman Sachs
New York
|
+$129K |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$112K |
| 5 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$89.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$1.79M |
| 2 |
BlackRock
New York
|
-$703K |
| 3 |
State Street
Boston,
Massachusetts
|
-$368K |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$330K |
| 5 |
ARTA
A.R.T. Advisors
New York
|
-$180K |
NOVN Hedge Fund Activity: Q2 2017 in Review
26 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Novan, Inc. Common Stock (NOVN) for Q2 2017, worth a combined $3.89M — down 56% from $8.92M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of NOVN and 7 opened new positions — a net loss of 12 holders — while 9 trimmed existing stakes and 5 added.
The largest buyer was Millennium Management, adding an estimated $340K. The largest seller was Driehaus Capital Management, exiting entirely with an estimated $1.79M sold.
- 26 institutional investors held Novan, Inc. Common Stock (NOVN) as of Q2 2017, down from 38 in Q1 2017.
- Funds reported $3.89M of Novan, Inc. Common Stock stock for Q2 2017, down 56% quarter-over-quarter.
- 7 funds opened new Novan, Inc. Common Stock positions in Q2 2017 and 19 closed out, a net change of -12 holders.
- The largest Novan, Inc. Common Stock buyer in Q2 2017 was Millennium Management, an estimated $340K added.
- The largest Novan, Inc. Common Stock seller in Q2 2017 was Driehaus Capital Management, an estimated $1.79M sold.
Based on aggregated 13F filings for Q2 2017.