NEO ranks #2331 out of 37503 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
NEO is a top-conviction position for First Light Asset Management, LLC — at 10.9% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in NEO belongs to BlackRock, Inc., but the position matters far more to First Light Asset Management, LLC, who has 10.9% 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.
Bank Of America CORP /de/ has added to its NEO position for two straight quarters, increasing it by $19.7M to reach $35.5M today.
Ken Griffin has trimmed its NEO position for two straight quarters, cutting it by $17.5M while still holding $1.6M.
NEO is down 0.3% today, but institutions show net buying of $415.8M this quarter — a divergence between today's price move and the underlying institutional flow.