Otonomy, Inc.
OTIC
OTIC was delisted on the 22nd of December, 2022.
62 hedge funds and large institutions have $82M invested in Otonomy, Inc. in 2021 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 22 increasing their positions, 16 reducing their positions, and 31 closing their positions.
136,988% more call options, than puts
Call options by funds: $507M | Put options by funds: $370K
38% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 16
23% less funds holding
Funds holding: 80 → 62 (-18)
55% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 31
64% less capital invested
Capital invested by funds: $227M → $82M (-$145M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BBA
Baker Bros. Advisors
New York
|
+$29.6M |
| 2 |
SCM
Suvretta Capital Management
New York
|
+$5.89M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
+$4M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$3.79M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Cormorant Asset Management
Boston,
Massachusetts
|
-$16.8M |
| 2 |
First Manhattan
New York
|
-$12.6M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$8.2M |
| 4 |
6CM
683 Capital Management
New York
|
-$6.21M |
| 5 |
SI
Sofinnova Investments
Menlo Park,
California
|
-$5.61M |
OTIC Hedge Fund Activity: Q1 2021 in Review
62 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Otonomy, Inc. (OTIC) for Q1 2021, worth a combined $82M — down 64% from $227M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of OTIC and 14 opened new positions — a net loss of 17 holders — while 16 trimmed existing stakes and 22 added.
The largest buyer was Baker Bros. Advisors, opening a new position worth an estimated $29.6M. The largest seller was Cormorant Asset Management, exiting entirely with an estimated $16.8M sold.
- 62 institutional investors held Otonomy, Inc. (OTIC) as of Q1 2021, down from 80 in Q4 2020.
- Funds reported $82M of Otonomy, Inc. stock for Q1 2021, down 64% quarter-over-quarter.
- 14 funds opened new Otonomy, Inc. positions in Q1 2021 and 31 closed out, a net change of -17 holders.
- The largest Otonomy, Inc. buyer in Q1 2021 was Baker Bros. Advisors, an estimated $29.6M added.
- The largest Otonomy, Inc. seller in Q1 2021 was Cormorant Asset Management, an estimated $16.8M sold.
Based on aggregated 13F filings for Q1 2021.