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Scholar Rock
SRRK

37 hedge funds and large institutions have $334M invested in Scholar Rock in 2018 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 7 increasing their positions, 3 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 3

75% more capital invested

Capital invested by funds: $191M → $334M (+$143M)

69% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 13

32% more funds holding

Funds holding: 28 → 37 (+9)

0.93% more ownership

Funds ownership: 50.99% → 51.92% (+0.93%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
37
Holders Change
+9
Holders Change %
+32.14%
% of All Funds
0.85%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
22
Increased
7
Reduced
3
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$6.77M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$4.49M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$3.52M
4
BB
BB Biotech
Switzerland
+$3.49M
5
Northern Trust
Northern Trust
Illinois
+$1.21M

Top Sellers

Rank Fund Capital Flow
1
EC
EcoR1 Capital
California
-$5.58M
2
Millennium Management
Millennium Management
New York
-$1.35M
3
Marshall Wace
Marshall Wace
United Kingdom
-$1.22M
4
Goldman Sachs
Goldman Sachs
New York
-$1.04M
5
DIM
DC Investments Management
Virginia
-$604K
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$93.8M – – –
AG
2
Artal Group
Luxembourg
$61.7M – – –
EC
3
EcoR1 Capital
California
$61M -$5.58M -303,783 -11%
RG
4
Redmile Group
California
$45.7M +$417K +22,699 +1%
T. Rowe Price Associates
5
T. Rowe Price Associates
Maryland
$21.4M +$4.49M +244,398 +42%
BlackRock
6
BlackRock
New York
$9.48M +$6.77M +368,363 New
SFM
7
Sphera Funds Management
Israel
$7.64M +$236K +12,859 +5%
Norges Bank
8
Norges Bank
Norway
$6.57M – – –
Vanguard Group
9
Vanguard Group
Pennsylvania
$5.97M +$3.52M +191,656 +479%
CAM
10
Cormorant Asset Management
Massachusetts
$5.41M – – –
BB
11
BB Biotech
Switzerland
$4.89M +$3.49M +189,957 New
Victory Capital Management
12
Victory Capital Management
Texas
$2.31M -$90.6K -4,930 -5%
Northern Trust
13
Northern Trust
Illinois
$1.7M +$1.21M +66,034 New
State Street
14
State Street
Massachusetts
$1.36M +$973K +52,911 New
Geode Capital Management
15
Geode Capital Management
Massachusetts
$1.33M +$951K +51,712 New
TD Asset Management
16
TD Asset Management
Ontario, Canada
$514K +$152K +8,254 +70%
LCM
17
Laurion Capital Management
New York
$386K – – –
Deutsche Bank
18
Deutsche Bank
Germany
$362K +$259K +14,095 New
Bank of New York Mellon
19
Bank of New York Mellon
New York
$351K +$251K +13,633 New
Charles Schwab
20
Charles Schwab
California
$346K +$247K +13,432 New
Morgan Stanley
21
Morgan Stanley
New York
$254K +$179K +9,746 +6,961%
California State Teachers Retirement System (CalSTRS)
22
California State Teachers Retirement System (CalSTRS)
California
$242K +$173K +9,403 New
TCIM
23
TIAA CREF Investment Management
New York
$217K +$155K +8,420 New
HIIFS
24
Harel Insurance Investments & Financial Services
Israel
$214K +$153K +8,304 New
TA
25
Teachers Advisors
New York
$206K +$147K +8,016 New
1
2

SRRK Hedge Fund Activity: Q3 2018 in Review

37 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Scholar Rock (SRRK) for Q3 2018, worth a combined $334M — up 75% from $191M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new SRRK positions and 13 closed out — a net gain of 9 holders — while 7 added to existing stakes and 3 trimmed.

The largest buyer was BlackRock, opening a new position worth an estimated $6.77M. The largest seller was EcoR1 Capital, cutting an estimated $5.58M.

  • 37 institutional investors held Scholar Rock (SRRK) as of Q3 2018, up from 28 in Q2 2018.
  • Funds reported $334M of Scholar Rock stock for Q3 2018, up 75% quarter-over-quarter.
  • 22 funds opened new Scholar Rock positions in Q3 2018 and 13 closed out, a net change of +9 holders.
  • The largest Scholar Rock buyer in Q3 2018 was BlackRock, an estimated $6.77M added.
  • The largest Scholar Rock seller in Q3 2018 was EcoR1 Capital, an estimated $5.58M sold.

Based on aggregated 13F filings for Q3 2018.