Tourmaline Bio
TRML
TRML was delisted on the 27th of October, 2025.
56 hedge funds and large institutions have $71M invested in Tourmaline Bio in 2022 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 13 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 13
0.42% less ownership
Funds ownership: 6.97% → 6.55% (-0.42%)
5% less funds holding
Funds holding: 59 → 56 (-3)
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
45% less capital invested
Capital invested by funds: $129M → $71M (-$58.2M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.14M |
| 2 |
CCM
CAAS Capital Management
New York
|
+$1.08M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$354K |
| 4 |
Millennium Management
New York
|
+$194K |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$148K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$1.94M |
| 2 |
ACM
Aisling Capital Management
New York
|
-$1.85M |
| 3 |
HA
HHLR Advisors
Grand Cayman,
Cayman Islands
|
-$1.2M |
| 4 |
SAM
Sectoral Asset Management
Montreal,
Quebec, Canada
|
-$1.03M |
| 5 |
CAM
Cormorant Asset Management
Boston,
Massachusetts
|
-$998K |
TRML Hedge Fund Activity: Q3 2022 in Review
56 of the 5,806 institutional investors tracked by Wall St. Rank reported a position in Tourmaline Bio (TRML) for Q3 2022, worth a combined $71M — down 45% from $129M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of TRML and 11 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 17 added.
The largest buyer was Bank of Montreal, adding an estimated $1.14M. The largest seller was BlackRock, cutting an estimated $1.94M.
- 56 institutional investors held Tourmaline Bio (TRML) as of Q3 2022, down from 59 in Q2 2022.
- Funds reported $71M of Tourmaline Bio stock for Q3 2022, down 45% quarter-over-quarter.
- 11 funds opened new Tourmaline Bio positions in Q3 2022 and 13 closed out, a net change of -2 holders.
- The largest Tourmaline Bio buyer in Q3 2022 was Bank of Montreal, an estimated $1.14M added.
- The largest Tourmaline Bio seller in Q3 2022 was BlackRock, an estimated $1.94M sold.
Based on aggregated 13F filings for Q3 2022.