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NOVN

Novan, Inc. Common Stock
NOVN

Delisted

NOVN was delisted on the 25th of July, 2023.

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33 hedge funds and large institutions have $34.8M 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.

New
Increased
Maintained
Reduced
Closed

167% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 3

47% more capital invested

Capital invested by funds: $23.7M → $34.8M (+$11.1M)

18% less funds holding

Funds holding: 40 → 33 (-7)

29% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 24

Holders
33
Holders Change
-7
Holders Change %
-17.5%
% of All Funds
0.57%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
8
Reduced
3
Closed
24
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LM
Luminus Management
Texas
+$7.01M
2
MIM
Monashee Investment Management
Massachusetts
+$4.42M
3
MWNA
Marshall Wace North America
New York
+$3.45M
4
Marshall Wace
Marshall Wace
United Kingdom
+$2.72M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$2.21M

Top Sellers

Rank Fund Capital Flow
1
Renaissance Technologies
Renaissance Technologies
New York
-$2.85M
2
Millennium Management
Millennium Management
New York
-$1.73M
3
Citadel Advisors
Citadel Advisors
Florida
-$306K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$299K
5
LP
LMR Partners
United Kingdom
-$147K

NOVN Hedge Fund Activity: Q2 2021 in Review

33 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in Novan, Inc. Common Stock (NOVN) for Q2 2021, worth a combined $34.8M — up 47% 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 $34.8M of Novan, Inc. Common Stock stock for Q2 2021, up 47% 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.