NRIX ranks #2832 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
NRIX is a top-conviction position for Redmile Group, LLC — at 6.6% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in NRIX belongs to BlackRock, Inc., but the position matters far more to Redmile Group, LLC, who has 6.6% 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.
Vestal Point Capital, LP has added to its NRIX position for two straight quarters, increasing it by $106.3M to reach $195.3M today.
Steve Cohen has trimmed its NRIX position for two straight quarters, cutting it by $59.2M while still holding $1.8M.
NRIX is down 1.6% today, but institutions show net buying of $202.6M this quarter — a divergence between today's price move and the underlying institutional flow.