Scholar Rock
SRRK
85 hedge funds and large institutions have $386M invested in Scholar Rock in 2023 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 41 increasing their positions, 16 reducing their positions, and 23 closing their positions.
1,400% more call options, than puts
Call options by funds: $135K | Put options by funds: $9K
156% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 16
4.46% more ownership
Funds ownership: 89.9% → 94.36% (+4.5%)
3% more capital invested
Capital invested by funds: $374M → $386M (+$12.2M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 23
1% less funds holding
Funds holding: 86 → 85 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$11.3M |
| 2 |
RG
Redmile Group
San Francisco,
California
|
+$9.66M |
| 3 |
WP
Woodline Partners
San Francisco,
California
|
+$3.73M |
| 4 |
Axa
Paris,
France
|
+$3.71M |
| 5 |
State Street
Boston,
Massachusetts
|
+$3.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$3.75M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.14M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.07M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$1.95M |
| 5 |
Jane Street
New York
|
-$1.88M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Point72 Asset Management
Stamford,
Connecticut
| – | -$124K | -15,443 | Closed |
|
102
Balyasny Asset Management
Chicago,
Illinois
| – | -$116K | -14,458 | Closed |
|
|
SSA
103
Schonfeld Strategic Advisors
New York
| – | -$101K | -12,600 | Closed |
|
|
CSS
104
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$95.5K | -11,937 | Closed |
|
105
Teacher Retirement System of Texas
Austin,
Texas
| – | -$95K | -11,936 | Closed |
|
|
ECM
106
ExodusPoint Capital Management
New York
| – | -$81K | -10,123 | Closed |
|
|
BFM
107
Boothbay Fund Management
New York
| – | -$80.2K | -10,030 | Closed |
|
|
PMEF
108
Point72 Middle East FZE
Dubai,
United Arab Emirates
| – | -$66.5K | -8,314 | Closed |
|
SRRK Hedge Fund Activity: Q2 2023 in Review
85 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Scholar Rock (SRRK) for Q2 2023, worth a combined $386M — up 3.3% from $374M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of SRRK and 22 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 41 added.
The largest buyer was BlackRock, adding an estimated $11.3M. The largest seller was Millennium Management, cutting an estimated $3.75M.
- 85 institutional investors held Scholar Rock (SRRK) as of Q2 2023, down from 86 in Q1 2023.
- Funds reported $386M of Scholar Rock stock for Q2 2023, up 3.3% quarter-over-quarter.
- 22 funds opened new Scholar Rock positions in Q2 2023 and 23 closed out, a net change of -1 holder.
- The largest Scholar Rock buyer in Q2 2023 was BlackRock, an estimated $11.3M added.
- The largest Scholar Rock seller in Q2 2023 was Millennium Management, an estimated $3.75M sold.
Based on aggregated 13F filings for Q2 2023.