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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Blackstone Inc
New York
|
+$75.2M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$8.84M |
| 3 |
BlackRock
New York
|
+$7.01M |
| 4 |
FCM
Farallon Capital Management
San Francisco,
California
|
+$4.7M |
| 5 |
JP Morgan Chase
New York
|
+$2.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$18.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$7.15M |
| 3 |
PC
PointState Capital
New York
|
-$5.64M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
-$4.93M |
| 5 |
EC
EcoR1 Capital
San Francisco,
California
|
-$3.56M |
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.