Scholar Rock
SRRK
58 hedge funds and large institutions have $248M invested in Scholar Rock in 2019 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 25 increasing their positions, 19 reducing their positions, and 5 closing their positions.
53% more capital invested
Capital invested by funds: $162M → $248M (+$86.3M)
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
32% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 19
4% more funds holding
Funds holding: 56 → 58 (+2)
2.5% more ownership
Funds ownership: 60.94% → 63.44% (+2.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BG
Bellevue Group
Kuesnacht,
Switzerland
|
+$4.2M |
| 2 |
BlackRock
New York
|
+$3.29M |
| 3 |
AG
Artal Group
Luxembourg
|
+$1.92M |
| 4 |
Morgan Stanley
New York
|
+$1.42M |
| 5 |
RG
Redmile Group
San Francisco,
California
|
+$801K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JG
Jefferies Group
New York
|
-$2.72M |
| 2 |
CAM
Cormorant Asset Management
Boston,
Massachusetts
|
-$1.06M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$924K |
| 4 |
AA
ALPS Advisors
Denver,
Colorado
|
-$530K |
| 5 |
Millennium Management
New York
|
-$270K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
BNP Paribas Financial Markets
Paris,
France
| $27.4K | -$3.46K | -361 | -15% |
|
52
Royal Bank of Canada
Toronto,
Ontario, Canada
| $19K | +$14K | +1,463 | +8,606% |
|
|
AIP
53
Ameritas Investment Partners
Lincoln,
Nebraska
| $16K | – | – | – |
|
|
CSS
54
Cubist Systematic Strategies
Stamford,
Connecticut
| $14K | +$10.1K | +1,049 | New |
|
55
Canada Life
Winnipeg,
Manitoba, Canada
| $8K | +$5.75K | +599 | New |
|
|
TRCT
56
Tower Research Capital (TRC)
New York
| $6K | -$18.3K | -1,905 | -81% |
|
57
Daiwa Securities Group
Tokyo,
Japan
| $2K | +$1.61K | +168 | New |
|
58
Federated Hermes
Pittsburgh,
Pennsylvania
| $1K | -$19.8K | -2,067 | -100% |
|
|
CAM
59
Cormorant Asset Management
Boston,
Massachusetts
| – | -$1.06M | -118,950 | Closed |
|
|
AA
60
ALPS Advisors
Denver,
Colorado
| – | -$530K | -59,203 | Closed |
|
61
AQR Capital Management
Greenwich,
Connecticut
| – | -$220K | -24,590 | Closed |
|
|
BPM
62
Bowling Portfolio Management
Cincinnati,
Ohio
| – | -$188K | -20,973 | Closed |
|
63
Ohio Public Employees Retirement System (OPERS)
Columbus,
Ohio
| – | -$161K | -17,994 | Closed |
|
SRRK Hedge Fund Activity: Q4 2019 in Review
58 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Scholar Rock (SRRK) for Q4 2019, worth a combined $248M — up 53% from $162M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new SRRK positions and 5 closed out — a net gain of 2 holders — while 25 added to existing stakes and 19 trimmed.
The largest buyer was Bellevue Group, adding an estimated $4.2M. The largest seller was Jefferies Group, cutting an estimated $2.72M.
- 58 institutional investors held Scholar Rock (SRRK) as of Q4 2019, up from 56 in Q3 2019.
- Funds reported $248M of Scholar Rock stock for Q4 2019, up 53% quarter-over-quarter.
- 7 funds opened new Scholar Rock positions in Q4 2019 and 5 closed out, a net change of +2 holders.
- The largest Scholar Rock buyer in Q4 2019 was Bellevue Group, an estimated $4.2M added.
- The largest Scholar Rock seller in Q4 2019 was Jefferies Group, an estimated $2.72M sold.
Based on aggregated 13F filings for Q4 2019.