Jones Trading Adjusts Equillium Outlook to Hold Amid Institutional Changes
Date: November 1, 2024
Funding Sentiment Shifts
Fintel reports that Jones Trading has reduced its outlook on Equillium (LSE:0A4D) from Buy to Hold. Currently, 30 funds or institutions hold positions in Equillium, reflecting a decrease of 7 owners, or 18.92%, over the last quarter. The average portfolio weight for all funds in 0A4D is now 0.06%, which marks an increase of 41.05%. Meanwhile, total shares owned by institutions have slightly declined by 0.16%, totaling 7,247K shares.
Institutional Shareholding Trends
Among the notable shareholders, Decheng Capital continues to hold 4,447K shares, representing 12.55% of the company, with no changes over the last quarter. VTSMX – Vanguard Total Stock Market Index Fund Investor Shares possesses 571K shares, amounting to 1.61% ownership, also unchanged since last quarter. Similarly, Cota Capital Management maintains 562K shares for a 1.59% stake, while Renaissance Technologies increased its holdings to 300K shares, reflecting an impressive 30.36% rise from the previous reporting of 209K shares. However, it’s important to note that the firm has reduced its portfolio allocation in 0A4D by 53.48% in the last quarter.
Additionally, VEXMX – Vanguard Extended Market Index Fund Investor Shares holds steady at 247K shares, which equates to a 0.70% ownership, unchanged from the previous quarter.
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This story originally appeared on Fintel.
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