Novan, Inc. Common Stock
NOVN
NOVN was delisted on the 25th of July, 2023.
40 hedge funds and large institutions have $23.7M invested in Novan, Inc. Common Stock in 2021 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 6 closing their positions.
233% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 6
124% more capital invested
Capital invested by funds: $10.6M → $23.7M (+$13.1M)
54% more funds holding
Funds holding: 26 → 40 (+14)
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$2.75M |
| 2 |
Millennium Management
New York
|
+$1.66M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$295K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$288K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$282K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.52M |
| 2 |
BlackRock
New York
|
-$1.16M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$144K |
| 4 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
-$91K |
| 5 |
TSS
Two Sigma Securities
New York
|
-$64K |
NOVN Hedge Fund Activity: Q1 2021 in Review
40 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Novan, Inc. Common Stock (NOVN) for Q1 2021, worth a combined $23.7M — up 124% from $10.6M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new NOVN positions and 6 closed out — a net gain of 14 holders — while 7 added to existing stakes and 5 trimmed.
The largest buyer was Renaissance Technologies, opening a new position worth an estimated $2.75M. The largest seller was Vanguard Group, cutting an estimated $1.52M.
- 40 institutional investors held Novan, Inc. Common Stock (NOVN) as of Q1 2021, up from 26 in Q4 2020.
- Funds reported $23.7M of Novan, Inc. Common Stock stock for Q1 2021, up 124% quarter-over-quarter.
- 20 funds opened new Novan, Inc. Common Stock positions in Q1 2021 and 6 closed out, a net change of +14 holders.
- The largest Novan, Inc. Common Stock buyer in Q1 2021 was Renaissance Technologies, an estimated $2.75M added.
- The largest Novan, Inc. Common Stock seller in Q1 2021 was Vanguard Group, an estimated $1.52M sold.
Based on aggregated 13F filings for Q1 2021.