Scholar Rock
SRRK
43 hedge funds and large institutions have $265M invested in Scholar Rock in 2019 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 22 increasing their positions, 7 reducing their positions, and 9 closing their positions.
214% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 7
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
5% more funds holding
Funds holding: 41 → 43 (+2)
0.68% more ownership
Funds ownership: 53.06% → 53.73% (+0.68%)
14% less capital invested
Capital invested by funds: $308M → $265M (-$42.9M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$8.04M |
| 2 |
RG
Redmile Group
San Francisco,
California
|
+$5.1M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
+$3.52M |
| 4 |
BB
BB Biotech
Schaffhausen,
Switzerland
|
+$3.47M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EcoR1 Capital
San Francisco,
California
|
-$20M |
| 2 |
SFM
Sphera Funds Management
Tel Aviv,
Israel
|
-$4.03M |
| 3 |
Millennium Management
New York
|
-$896K |
| 4 |
CAM
Cormorant Asset Management
Boston,
Massachusetts
|
-$549K |
| 5 |
Morgan Stanley
New York
|
-$159K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$2K | -106 | Closed |
|
|
TAM
52
Tyers Asset Management
Austin,
Texas
| – | -$2K | -80 | Closed |
|
SRRK Hedge Fund Activity: Q1 2019 in Review
43 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Scholar Rock (SRRK) for Q1 2019, worth a combined $265M — down 14% from $308M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new SRRK positions and 9 closed out — a net gain of 2 holders — while 22 added to existing stakes and 7 trimmed.
The largest buyer was BlackRock, adding an estimated $8.04M. The largest seller was EcoR1 Capital, cutting an estimated $20M.
- 43 institutional investors held Scholar Rock (SRRK) as of Q1 2019, up from 41 in Q4 2018.
- Funds reported $265M of Scholar Rock stock for Q1 2019, down 14% quarter-over-quarter.
- 11 funds opened new Scholar Rock positions in Q1 2019 and 9 closed out, a net change of +2 holders.
- The largest Scholar Rock buyer in Q1 2019 was BlackRock, an estimated $8.04M added.
- The largest Scholar Rock seller in Q1 2019 was EcoR1 Capital, an estimated $20M sold.
Based on aggregated 13F filings for Q1 2019.