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TECX

Tectonic Therapeutic
TECX

59 hedge funds and large institutions have $274M invested in Tectonic Therapeutic in 2018 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 20 increasing their positions, 16 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 16

0.22% more ownership

Funds ownership: 5.57% → 5.79% (+0.22%)

6% less funds holding

Funds holding: 63 → 59 (-4)

17% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 18

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

67% less capital invested

Capital invested by funds: $828M → $274M (-$554M)

Holders
59
Holders Change
-4
Holders Change %
-6.35%
% of All Funds
1.31%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.04%
New
15
Increased
20
Reduced
16
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Blackstone Inc
Blackstone Inc
New York
+$75.2M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$8.84M
3
BlackRock
BlackRock
New York
+$7.01M
4
FCM
Farallon Capital Management
California
+$4.7M
5
JP Morgan Chase
JP Morgan Chase
New York
+$2.65M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$18.2M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$7.15M
3
PC
PointState Capital
New York
-$5.64M
4
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$4.93M
5
EC
EcoR1 Capital
California
-$3.56M
Name Holding Trade Value Shares
Change 		Change in
Stake
Franklin Resources
26
Franklin Resources
California
$1.25M +$1.9M +6,244 New
Deutsche Bank
27
Deutsche Bank
Germany
$771K -$61.2K -201 -5%
Charles Schwab
28
Charles Schwab
California
$546K -$16.8K -55 -2%
Ameriprise
29
Ameriprise
Minnesota
$485K +$739K +2,425 New
Bank of New York Mellon
30
Bank of New York Mellon
New York
$431K +$248K +815 +61%
Goldman Sachs
31
Goldman Sachs
New York
$360K +$549K +1,801 New
SIM
32
Spark Investment Management
New York
$331K +$256K +841 +103%
TD Asset Management
33
TD Asset Management
Ontario, Canada
$291K – – –
TA
34
Teachers Advisors
New York
$241K +$76.8K +252 +26%
Citigroup
35
Citigroup
New York
$218K +$242K +793 +265%
VEA
36
Virtus ETF Advisers
New York
$204K +$312K +1,023 New
Squarepoint
37
Squarepoint
New York
$181K +$276K +906 New
Swiss National Bank
38
Swiss National Bank
Switzerland
$176K +$269K +883 New
Morgan Stanley
39
Morgan Stanley
New York
$156K -$95K -312 -29%
California State Teachers Retirement System (CalSTRS)
40
California State Teachers Retirement System (CalSTRS)
California
$153K – – –
New York State Common Retirement Fund
41
New York State Common Retirement Fund
New York
$113K +$173K +567 New
Bank of America
42
Bank of America
North Carolina
$79K +$90.5K +297 +300%
AIG
43
American International Group
New York
$67K -$914 -3 -0.9%
Barclays
44
Barclays
United Kingdom
$50K -$12.2K -40 -14%
Victory Capital Management
45
Victory Capital Management
Texas
$48K -$14K -46 -16%
TRCT
46
Tower Research Capital (TRC)
New York
$35K +$53.3K +175 New
Canada Life
47
Canada Life
Manitoba, Canada
$34K +$53.6K +176 New
SO
48
STRS Ohio
Ohio
$28K – – –
PIM
49
Partner Investment Management
California
$27K +$14.9K +49 +56%
Legal & General Group
50
Legal & General Group
United Kingdom
$15K – – –
1
2
3 4

TECX Hedge Fund Activity: Q4 2018 in Review

59 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Tectonic Therapeutic (TECX) for Q4 2018, worth a combined $274M — down 67% from $828M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of TECX and 15 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 20 added.

The largest buyer was Blackstone Inc, opening a new position worth an estimated $75.2M. The largest seller was Millennium Management, exiting entirely with an estimated $18.2M sold.

  • 59 institutional investors held Tectonic Therapeutic (TECX) as of Q4 2018, down from 63 in Q3 2018.
  • Funds reported $274M of Tectonic Therapeutic stock for Q4 2018, down 67% quarter-over-quarter.
  • 15 funds opened new Tectonic Therapeutic positions in Q4 2018 and 18 closed out, a net change of -3 holders.
  • The largest Tectonic Therapeutic buyer in Q4 2018 was Blackstone Inc, an estimated $75.2M added.
  • The largest Tectonic Therapeutic seller in Q4 2018 was Millennium Management, an estimated $18.2M sold.

Based on aggregated 13F filings for Q4 2018.