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Travere Therapeutics

174 hedge funds and large institutions have $1.9B invested in Travere Therapeutics in 2023 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 84 increasing their positions, 30 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

180% more repeat investments, than reductions

Existing positions increased: 84 | Existing positions reduced: 30

112% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 17

67% more funds holding in top 10

Funds holding in top 10: 35 (+2)

24% more capital invested

Capital invested by funds: $1.53B → $1.9B (+$367M)

12% more funds holding

Funds holding: 155174 (+19)

2.39% more ownership

Funds ownership: 113.69%116.08% (+2.4%)

25% less call options, than puts

Call options by funds: $4.63M | Put options by funds: $6.17M

Holders
174
Holders Change
+19
Holders Change %
+12.26%
% of All Funds
2.77%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.08%
New
36
Increased
84
Reduced
30
Closed
17
Calls
$4.63M
Puts
$6.17M
Net Calls
-$1.54M
Net Calls Change
-$1.76M
Name Holding Trade Value Shares
Change
Change in
Stake
AC
1
Armistice Capital
New York
$161M +$15.6M +736,000 +11%
Janus Henderson Group
2
Janus Henderson Group
United Kingdom
$154M +$37.3M +1,754,528 +34%
DTC
3
Deep Track Capital
Connecticut
$138M +$33.3M +1,565,268 +34%
BlackRock
4
BlackRock
New York
$136M +$20.3M +953,528 +19%
State Street
5
State Street
Massachusetts
$98.2M +$3.06M +143,853 +3%
Adage Capital Partners
6
Adage Capital Partners
Massachusetts
$92.5M +$32.2M +1,513,962 +58%
Vanguard Group
7
Vanguard Group
Pennsylvania
$89.6M +$9.97M +469,148 +13%
Macquarie Group
8
Macquarie Group
Australia
$82M +$1.88M +88,575 +2%
Renaissance Technologies
9
Renaissance Technologies
New York
$48.2M +$11.7M +551,300 +35%
O
10
OrbiMed
New York
$39.2M +$10.4M +491,170 +39%
Assenagon Asset Management
11
Assenagon Asset Management
Luxembourg
$37.3M +$16.8M +791,270 +91%
KCM
12
Kynam Capital Management
New Jersey
$35.2M +$24.3M +1,145,496 +274%
PAMS
13
Pictet Asset Management (Switzerland)
Switzerland
$34.9M +$21.2M +995,136 +179%
Jacobs Levy Equity Management
14
Jacobs Levy Equity Management
New Jersey
$33M +$12.4M +581,490 +66%
WP
15
Woodline Partners
California
$32.4M +$28.5M +1,342,791 +1,386%
RSCM
16
Rock Springs Capital Management
Maryland
$28.7M +$6.91M +325,000 +34%
SI
17
Sofinnova Investments
California
$28.4M +$14.6M +685,453 +119%
Geode Capital Management
18
Geode Capital Management
Massachusetts
$27.4M +$2.54M +119,563 +11%
JP Morgan Chase
19
JP Morgan Chase
New York
$25.5M -$1.89M -88,807 -7%
Millennium Management
20
Millennium Management
New York
$25.3M +$5.6M +263,293 +31%
GPP
21
Great Point Partners
Connecticut
$22.6M +$11.2M +528,000 +111%
D.E. Shaw & Co
22
D.E. Shaw & Co
New York
$22.5M +$11.3M +532,651 +114%
LCM
23
Laurion Capital Management
New York
$22.2M +$3.19M +150,000 +18%
Citadel Advisors
24
Citadel Advisors
Florida
$20.5M -$937K -44,095 -5%
Morgan Stanley
25
Morgan Stanley
New York
$20.1M +$4.29M +201,666 +29%

TVTX Hedge Fund Activity: Q1 2023 in Review

174 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Travere Therapeutics (TVTX) for Q1 2023, worth a combined $1.9B — up 24% from $1.53B a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new TVTX positions and 17 closed out — a net gain of 19 holders — while 84 added to existing stakes and 30 trimmed.

The largest buyer was Janus Henderson Group, adding an estimated $37.3M. The largest seller was RA Capital Management, exiting entirely with an estimated $83.8M sold.

  • 174 institutional investors held Travere Therapeutics (TVTX) as of Q1 2023, up from 155 in Q4 2022.
  • Funds reported $1.9B of Travere Therapeutics stock for Q1 2023, up 24% quarter-over-quarter.
  • 36 funds opened new Travere Therapeutics positions in Q1 2023 and 17 closed out, a net change of +19 holders.
  • The largest Travere Therapeutics buyer in Q1 2023 was Janus Henderson Group, an estimated $37.3M added.
  • The largest Travere Therapeutics seller in Q1 2023 was RA Capital Management, an estimated $83.8M sold.

Based on aggregated 13F filings for Q1 2023.