ACAD ranks #1776 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
ACAD is a top-conviction position for Palo Alto Investors LP — at 10.0% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in ACAD belongs to Baker Bros. Advisors LP, but the position matters far more to Palo Alto Investors LP, who has 10.0% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
Allspring Global Investments Holdings, LLC has added to its ACAD position for two straight quarters, increasing it by $11.2M to reach $28.5M today.
Fred Alger Management, LLC has trimmed its ACAD position for two straight quarters, cutting it by $25.3M while still holding $16.4M.
ACAD is up 0.1% today, and institutions have been net buyers of $244.9M this quarter — today's price move and the underlying institutional flow are pointing the same direction.