AXSM ranks #1151 out of 37696 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
AXSM is a top-conviction position for Alethea Capital Management, LLC — at 65.8% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in AXSM belongs to BlackRock, Inc., but the position matters far more to Alethea Capital Management, LLC, who has 65.8% 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.
Concurrent Investment Advisors, LLC has added to its AXSM position for two straight quarters, increasing it by $592.7K to reach $873.5K today.
Assenagon Asset Management S.A. has trimmed its AXSM position for two straight quarters, cutting it by $100.1M while still holding $46.2M.
AXSM is down 0.8% today, but institutions show net buying of $2.4B this quarter — a divergence between today's price move and the underlying institutional flow.