Cormorant Asset Management OLMA Position
Exited10-Fund ConvergenceCormorant Asset Management exited their position in Olema Pharmaceuticals, Inc. (OLMA) in Q1 2024, after holding the stock for 5 quarters.
The position was first reported in Q1 2023 and has been tracked across 5 quarterly 13F filings.
OLMA is a convergence signal: 10 specialist biotech funds hold this stock, suggesting high institutional conviction.
There is an upcoming Phase 3 readout for Palazestrant in 77 days (Jun 30, 2026), making the timing of Cormorant's position particularly relevant.
Short interest stands at 10.2% of float with 4.1 days to cover, indicating significant bearish positioning against the stock.
About Olema Pharmaceuticals, Inc.
Olema Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of therapies for women's cancers. Its lead product candidate is OP-1250, an estrogen receptor (ER) antagonist and a selective ER degrader, which is in Phase 1/2 clinical trial for the treatment of recurrent, locally advanced, or metastatic estrogen receptor-positive, human epidermal growth factor receptor 2-negative breast cancer. The company was formerly known as CombiThera, Inc. and changed its name to Olema Pharmaceuticals, Inc. in March 2009. Olema Pharmaceuticals, Inc. was incorporated in 2006 and is headquartered in San Francisco, California.
Full company profile →Short Interest
10.2%
4.1 days to cover
Cormorant Asset Management OLMA Position History
Frequently Asked Questions
Does Cormorant Asset Management own OLMA?
No. Cormorant Asset Management exited their position in Olema Pharmaceuticals, Inc. (OLMA) in Q1 2024. They previously held the stock for 5 quarters.
How many hedge funds own OLMA?
10 specialist biotech hedge funds currently hold OLMA, including BVF Partners, RA Capital Management, Deep Track Capital and 7 more. When 3 or more specialist funds hold the same stock, BiotechEdge flags it as a convergence signal.
When did Cormorant Asset Management first buy OLMA?
Cormorant Asset Management's position in OLMA was first reported in Q1 2023. 13F filings are reported with a 45-day delay, so the actual purchase may have occurred earlier in the quarter.
Is Cormorant Asset Management's OLMA position increasing or decreasing?
Cormorant Asset Management completely exited their OLMA position in the most recent quarter.
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