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Praxis Precision Medicines
PRAX

74 hedge funds and large institutions have $196M invested in Praxis Precision Medicines in 2023 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 20 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more capital invested

Capital invested by funds: $135M → $196M (+$61M)

5% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 20

0.26% more ownership

Funds ownership: 5.68% → 5.93% (+0.26%)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

5% less funds holding

Funds holding: 78 → 74 (-4)

21% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 14

Holders
74
Holders Change
-4
Holders Change %
-5.13%
% of All Funds
1.17%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
11
Increased
21
Reduced
20
Closed
14
Calls
$145K
Puts
–
Net Calls
+$145K
Net Calls Change
+$94K

Top Buyers

1
Vanguard Group
Vanguard Group
Pennsylvania
+$4.04M
2
IC
Ikarian Capital
Texas
+$2.84M
3
BlackRock
BlackRock
New York
+$1.6M
4
Geode Capital Management
Geode Capital Management
Massachusetts
+$1.08M
5
Adage Capital Partners
Adage Capital Partners
Massachusetts
+$1.07M

Top Sellers

1
SFM
Sphera Funds Management
Israel
-$4.94M
2
ABG
Ally Bridge Group
New York
-$2.7M
3
Verition Fund Management
Verition Fund Management
Connecticut
-$1.8M
4
MS
Maven Securities
Jersey
-$1.55M
5
Millennium Management
Millennium Management
New York
-$1.34M
Name Holding Trade Value Shares
Change 		Change in
Stake
Renaissance Technologies
26
Renaissance Technologies
New York
$1.67M +$405K +21,413 +49%
Jacobs Levy Equity Management
27
Jacobs Levy Equity Management
New Jersey
$1.17M -$787K -41,609 -48%
ACM
28
Altium Capital Management
New York
$1.11M -$977K -51,667 -54%
SSA
29
Schonfeld Strategic Advisors
New York
$1.08M -$110K -5,815 -12%
Marshall Wace
30
Marshall Wace
United Kingdom
$1.07M +$790K +41,778 New
Citadel Advisors
31
Citadel Advisors
Florida
$1.06M -$51.3K -2,711 -6%
UOC
32
UBS O'Connor
Illinois
$998K – – –
BFM
33
Boothbay Fund Management
New York
$775K +$572K +30,210 New
Northern Trust
34
Northern Trust
Illinois
$506K +$221K +11,701 +146%
Morgan Stanley
35
Morgan Stanley
New York
$496K +$59.6K +3,148 +19%
JGC
36
J. Goldman & Co
New York
$462K – – –
Susquehanna International Group
37
Susquehanna International Group
Pennsylvania
$354K +$69.5K +3,675 +36%
State Street
38
State Street
Massachusetts
$353K -$5.11K -270 -2%
BCM
39
Bridgeway Capital Management
Texas
$345K +$126K +6,667 +98%
Millennium Management
40
Millennium Management
New York
$312K -$1.34M -71,017 -85%
AI
41
Atom Investors
Texas
$176K +$130K +6,852 New
Goldman Sachs
42
Goldman Sachs
New York
$158K -$76.8K -4,061 -40%
Citigroup
43
Citigroup
New York
$142K +$105K +5,529 +46,075%
Bank of New York Mellon
44
Bank of New York Mellon
New York
$128K +$76.1K +4,023 +410%
PI
45
PEAK6 Investments
Illinois
$110K -$12.6K -667 -13%
Two Sigma Investments
46
Two Sigma Investments
New York
$97.3K +$56.5K +2,986 +370%
Connor, Clark & Lunn Investment Management (CC&L)
47
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$96K +$22K +1,162 +45%
Principal Financial Group
48
Principal Financial Group
Iowa
$59.3K +$3.63K +192 +9%
GCP
49
GSA Capital Partners
United Kingdom
$57K +$26.8K +1,417 +173%
JF
50
Jump Financial
Illinois
$55.8K +$41.2K +2,177 New
1
2
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PRAX Hedge Fund Activity: Q3 2023 in Review

74 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Praxis Precision Medicines (PRAX) for Q3 2023, worth a combined $196M — up 45% from $135M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of PRAX and 11 opened new positions — a net loss of 3 holders — while 20 trimmed existing stakes and 21 added.

The largest buyer was Vanguard Group, adding an estimated $4.04M. The largest seller was Sphera Funds Management, cutting an estimated $4.94M.

  • 74 institutional investors held Praxis Precision Medicines (PRAX) as of Q3 2023, down from 78 in Q2 2023.
  • Funds reported $196M of Praxis Precision Medicines stock for Q3 2023, up 45% quarter-over-quarter.
  • 11 funds opened new Praxis Precision Medicines positions in Q3 2023 and 14 closed out, a net change of -3 holders.
  • The largest Praxis Precision Medicines buyer in Q3 2023 was Vanguard Group, an estimated $4.04M added.
  • The largest Praxis Precision Medicines seller in Q3 2023 was Sphera Funds Management, an estimated $4.94M sold.

Based on aggregated 13F filings for Q3 2023.