The cluster shows broad institutional accumulation across both passive and active managers, with notable active funds like Pictet and Tudor doubling down, while three former holders completely exited large positions. The net dollar change is near zero, but the diversity of new buyers suggests growing institutional interest. Monitor upcoming catalysts such as clinical trial data or regulatory updates for potential price movement, noting the 45-day 13F reporting lag means these positions may have already been adjusted.
Executive Summary
15 institutional investors accumulated positions in SLNO during Q3 2024, with Pictet Asset Management ($29.1M) and Invesco ($16.9M) leading the buying, while three large holders (Assenagon, Balyasny, Hudson Bay) exited or trimmed a combined $40.2M. The cluster shows broad interest across active and passive managers, though net dollar change is slightly negative (-$2.1M). The pattern suggests institutional positioning ahead of potential pipeline catalysts.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$2.1M
▲ Buyers (15)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Pictet Asset Management Holdin | ADD | +33.3% | $29.1M | $11.4M |
| Invesco | DOUBLED | +2929.1% | $16.9M | $16.4M |
| Schwab | DOUBLED | +208.1% | $9.7M | $7.2M |
| Tudor Investment Corp Et Al | DOUBLED | +136.6% | $2.1M | $1.4M |
| Mirae Asset Global Etfs Holdin | DOUBLED | +633.3% | $749.0K | $664.0K |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | EXIT | -100% | $29.8M | -$29.8M |
| Balyasny Asset Management | EXIT | -100% | $10.1M | -$10.1M |
| Hudson Bay Capital Management | TRIM | -42.6% | $1.2M | -$354.6K |
Key Facts
- 15 buyers (current holdings $60.5M, net increase $38.1M) vs 3 sellers (net reduction $40.2M)
- Pictet Asset Management added $11.4M to reach $29.1M (33.3% increase)
- Invesco increased holdings by 2,929% to $16.9M (from $450K)
- Schwab doubled holdings to $9.7M
- Tudor Investment Corp doubled to $2.1M
- Assenagon completely exited a $29.8M position
- Balyasny completely exited a $10.1M position
- Hudson Bay trimmed 42.6% to $869K
- Active managers (Pictet, Tudor, Sei, Victory) dominated alongside passive funds (T. Rowe, Schwab, Invesco)
Financial Impact
15 institutional buyers accumulated $60.5M in current holdings (net increase of $38.1M) while 3 sellers reduced $40.2M, resulting in slight net selling of approximately $2.1M.
Risk Factors
- 13F data is 45+ days old; positions may have changed since quarter-end
- Large exits by Assenagon and Balyasny suggest some significant holders lost conviction
- SLNO is a small-cap biotech with binary pipeline risk
- Low analyst consensus (0% buy rating) contrasts with institutional buying
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-SLNO-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 11, 2026 16w ago | Institutional Cluster | — | awaiting T+1 | — | — |
Jun 11, 2026 16w ago | Institutional Cluster | — | awaiting T+1 | — | — |
May 28, 2026 18w ago | 15-12G | — | awaiting T+1 | — | — |
May 28, 2026 18w ago | EFFECT | — | awaiting T+1 | — | — |
May 18, 2026 19w ago | 8-K / 25-NSE | $53.01 $53.01 | · 0.00% | ▲ +0.65% | — |
Apr 7, 2026 25w ago | 8-K | $52.35 $52.60 | ▼ −0.48% | ▲ +2.06% | — |
Apr 6, 2026 25w ago | 8-K | $52.25 $52.35 | ▲ +0.19% | ▲ +0.13% | — |
Mar 27, 2026 27w ago | Insider Cluster | $30.05 $30.44 | ▲ +1.30% | ▲ +1.66% | — |
Feb 26, 2026 31w ago | 8-K | $38.09 $39.07 | ▲ +2.57% | ▲ +3.03% | — |
Feb 25, 2026 31w ago | 8-K | $41.01 $38.09 | ▼ −7.12% | ▼ −6.57% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access