Pfenex Inc.
PFNX
PFNX was delisted on the 30th of September, 2020.
55 hedge funds and large institutions have $301M invested in Pfenex Inc. in 2020 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 8 increasing their positions, 20 reducing their positions, and 52 closing their positions.
35% more capital invested
Capital invested by funds: $223M → $301M (+$78.1M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
35% less funds holding
Funds holding: 85 → 55 (-30)
58% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 52
60% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 20
99% less call options, than puts
Call options by funds: $71K | Put options by funds: $7.74M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NM
Newtyn Management
New York
|
+$47.6M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$44.7M |
| 3 |
AAM
Alpine Associates Management
Palm Beach,
Florida
|
+$27.4M |
| 4 |
WIC
Water Island Capital
New York
|
+$13.5M |
| 5 |
PWAM
Park West Asset Management
San Francisco,
California
|
+$8.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$28M |
| 2 |
William Blair & Company
Chicago,
Illinois
|
-$25.4M |
| 3 |
BlackRock
New York
|
-$24.2M |
| 4 |
FLAM
First Light Asset Management
Edina,
Minnesota
|
-$19.6M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$15.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MLICM
101
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$98.7K | -11,825 | Closed |
|
102
Legal & General Group
London,
United Kingdom
| – | -$47K | -5,669 | Closed |
|
|
MAM
103
Meeder Asset Management
Dublin,
Ohio
| – | -$31K | -3,666 | Closed |
|
|
AIP
104
Ameritas Investment Partners
Lincoln,
Nebraska
| – | -$22K | -2,583 | Closed |
|
|
PCM
105
Prelude Capital Management
New York
| – | -$8K | -900 | Closed |
|
106
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$4K | -443 | Closed |
|
107
Group One Trading
Chicago,
Illinois
| – | -$275 | -26 | Closed |
|
PFNX Hedge Fund Activity: Q3 2020 in Review
55 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Pfenex Inc. (PFNX) for Q3 2020, worth a combined $301M — up 35% from $223M a quarter earlier.
Sellers outnumbered buyers: 52 funds closed out of PFNX and 22 opened new positions — a net loss of 30 holders — while 20 trimmed existing stakes and 8 added.
The largest buyer was Newtyn Management, opening a new position worth an estimated $47.6M. The largest seller was Franklin Resources, cutting an estimated $28M.
- 55 institutional investors held Pfenex Inc. (PFNX) as of Q3 2020, down from 85 in Q2 2020.
- Funds reported $301M of Pfenex Inc. stock for Q3 2020, up 35% quarter-over-quarter.
- 22 funds opened new Pfenex Inc. positions in Q3 2020 and 52 closed out, a net change of -30 holders.
- The largest Pfenex Inc. buyer in Q3 2020 was Newtyn Management, an estimated $47.6M added.
- The largest Pfenex Inc. seller in Q3 2020 was Franklin Resources, an estimated $28M sold.
Based on aggregated 13F filings for Q3 2020.