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Travere Therapeutics

147 hedge funds and large institutions have $1.03B invested in Travere Therapeutics in 2020 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 53 increasing their positions, 40 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

209% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 11

60% more capital invested

Capital invested by funds: $643M → $1.03B (+$388M)

33% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 40

19% more funds holding

Funds holding: 124147 (+23)

3.44% more ownership

Funds ownership: 102.12%105.56% (+3.4%)

44% less call options, than puts

Call options by funds: $2.83M | Put options by funds: $5.1M

Holders
147
Holders Change
+23
Holders Change %
+18.55%
% of All Funds
3.01%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
34
Increased
53
Reduced
40
Closed
11
Calls
$2.83M
Puts
$5.1M
Net Calls
-$2.26M
Net Calls Change
+$585K
Name Holding Trade Value Shares
Change
Change in
Stake
RCM
1
RA Capital Management
Massachusetts
$94.6M +$7.47M +469,234 +11%
BlackRock
2
BlackRock
New York
$91.6M +$2.41M +151,345 +3%
Macquarie Group
3
Macquarie Group
Australia
$71.6M +$2.4M +150,927 +4%
Vanguard Group
4
Vanguard Group
Pennsylvania
$60.6M +$6.31M +396,250 +15%
Janus Henderson Group
5
Janus Henderson Group
United Kingdom
$59.4M +$43.8M +2,752,874 +1,729%
Manulife (Manufacturers Life Insurance)
6
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$43M -$2.6M -163,067 -7%
Renaissance Technologies
7
Renaissance Technologies
New York
$40.4M +$12.4M +779,700 +65%
State Street
8
State Street
Massachusetts
$37.5M +$1.79M +112,534 +7%
SCM
9
Scopia Capital Management
New York
$36.5M +$772K +48,475 +3%
D.E. Shaw & Co
10
D.E. Shaw & Co
New York
$36.4M +$3.13M +196,601 +12%
Adage Capital Partners
11
Adage Capital Partners
Massachusetts
$33.4M +$9.44M +592,702 +57%
PA
12
Perceptive Advisors
New York
$28.9M +$5.57M +349,504 +12%
Bank of America
13
Bank of America
North Carolina
$28.7M -$492K -30,890 -2%
Dimensional Fund Advisors
14
Dimensional Fund Advisors
Texas
$24.9M +$385K +24,155 +2%
Millennium Management
15
Millennium Management
New York
$24.5M +$1.15M +71,987 +6%
ACA
16
Avoro Capital Advisors
New York
$21.4M +$16.7M +1,050,000 New
RSCM
17
Rock Springs Capital Management
Maryland
$20.9M +$7.15M +449,261 +78%
Goldman Sachs
18
Goldman Sachs
New York
$17.4M +$2.38M +149,359 +21%
Fidelity Investments
19
Fidelity Investments
Massachusetts
$16.6M -$685K -43,000 -5%
Jacobs Levy Equity Management
20
Jacobs Levy Equity Management
New Jersey
$14M +$1.34M +84,355 +14%
Geode Capital Management
21
Geode Capital Management
Massachusetts
$13.6M +$123K +7,729 +1%
Invesco
22
Invesco
Georgia
$12.7M +$9.48M +595,456 +2,235%
N
23
Nuveen
North Carolina
$12.2M +$541K +34,000 +6%
Northern Trust
24
Northern Trust
Illinois
$12.1M +$484K +30,420 +5%
Prudential Financial
25
Prudential Financial
New Jersey
$10.7M -$104K -6,508 -1%

TVTX Hedge Fund Activity: Q2 2020 in Review

147 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Travere Therapeutics (TVTX) for Q2 2020, worth a combined $1.03B — up 60% from $643M a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new TVTX positions and 11 closed out — a net gain of 23 holders — while 53 added to existing stakes and 40 trimmed.

The largest buyer was Janus Henderson Group, adding an estimated $43.8M. The largest seller was Consonance Capital Management, exiting entirely with an estimated $33.8M sold.

  • 147 institutional investors held Travere Therapeutics (TVTX) as of Q2 2020, up from 124 in Q1 2020.
  • Funds reported $1.03B of Travere Therapeutics stock for Q2 2020, up 60% quarter-over-quarter.
  • 34 funds opened new Travere Therapeutics positions in Q2 2020 and 11 closed out, a net change of +23 holders.
  • The largest Travere Therapeutics buyer in Q2 2020 was Janus Henderson Group, an estimated $43.8M added.
  • The largest Travere Therapeutics seller in Q2 2020 was Consonance Capital Management, an estimated $33.8M sold.

Based on aggregated 13F filings for Q2 2020.