TRDA ranks #4004 out of 37501 tracked stocks by institutional interest, inside the more closely watched half of our coverage.
TRDA is a top-conviction position for 5AM Venture Management, LLC — at 10.4% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in TRDA belongs to Baker Bros. Advisors LP, but the position matters far more to 5AM Venture Management, LLC, who has 10.4% 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.
Cliff Asness has added to its TRDA position for two straight quarters, increasing it by $4.9M to reach $5.1M today.
Royce & Associates LP has trimmed its TRDA position for two straight quarters, cutting it by $1.9M while still holding $610.2K.
TRDA is up 0.3% today, and institutions have been net buyers of $33.2M this quarter — today's price move and the underlying institutional flow are pointing the same direction.