PHAT ranks #3466 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
PHAT is a top-conviction position for Medicxi Ventures Management — at 45.6% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in PHAT belongs to Frazier Life Sciences Management, L.P., but the position matters far more to Medicxi Ventures Management, who has 45.6% 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.
Goldman Sachs Group Inc has added to its PHAT position for two straight quarters, increasing it by $12.8M to reach $19.3M today.
Frazier Life Sciences Management, L.P. has trimmed its PHAT position for two straight quarters, cutting it by $71.6M while still holding $135.3M.
PHAT is up 4.2% today, and institutions have been net buyers of $58.1M this quarter — today's price move and the underlying institutional flow are pointing the same direction.