Novan, Inc. Common Stock
NOVN
NOVN was delisted on the 25th of July, 2023.
31 hedge funds and large institutions have $2.61M invested in Novan, Inc. Common Stock in 2022 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 9 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 6
9% less funds holding
Funds holding: 34 → 31 (-3)
13.35% less ownership
Funds ownership: 20.68% → 7.32% (-13%)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
98% less capital inflows, than outflows
Capital inflows: $118K | Capital outflows: $4.96M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$78.7K |
| 2 |
Jane Street
New York
|
+$13.6K |
| 3 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
+$11.7K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$6.58K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Armistice Capital
New York
|
-$4.29M |
| 2 |
WP
WealthSource Partners
San Luis Obispo,
California
|
-$291K |
| 3 |
Renaissance Technologies
New York
|
-$139K |
| 4 |
Millennium Management
New York
|
-$104K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$33K |
NOVN Hedge Fund Activity: Q4 2022 in Review
31 of the 6,241 institutional investors tracked by Wall St. Rank reported a position in Novan, Inc. Common Stock (NOVN) for Q4 2022, worth a combined $2.61M — down 68% from $8.23M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of NOVN and 6 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 6 added.
The largest buyer was B. Riley Wealth Advisors, adding an estimated $78.7K. The largest seller was Armistice Capital, exiting entirely with an estimated $4.29M sold.
- 31 institutional investors held Novan, Inc. Common Stock (NOVN) as of Q4 2022, down from 34 in Q3 2022.
- Funds reported $2.61M of Novan, Inc. Common Stock stock for Q4 2022, down 68% quarter-over-quarter.
- 6 funds opened new Novan, Inc. Common Stock positions in Q4 2022 and 9 closed out, a net change of -3 holders.
- The largest Novan, Inc. Common Stock buyer in Q4 2022 was B. Riley Wealth Advisors, an estimated $78.7K added.
- The largest Novan, Inc. Common Stock seller in Q4 2022 was Armistice Capital, an estimated $4.29M sold.
Based on aggregated 13F filings for Q4 2022.