ELVN ranks #2819 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
ELVN is a top-conviction position for Commodore Capital LP — at 9.9% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in ELVN belongs to FMR LLC, but the position matters far more to Commodore Capital LP, who has 9.9% 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.
Fidelity has added to its ELVN position for two straight quarters, increasing it by $399.3M to reach $508.8M today.
Soleus Capital Management, L.P. has trimmed its ELVN position for two straight quarters, cutting it by $7.4M while still holding $8.4M.
ELVN is up 2% today, and institutions have been net buyers of $1.1B this quarter — today's price move and the underlying institutional flow are pointing the same direction.