Cormorant Asset Management STOK Position
Exited7-Fund ConvergenceCormorant Asset Management exited their position in Stoke Therapeutics, Inc. (STOK) in Q3 2025, after holding the stock for 11 quarters.
The position was first reported in Q1 2023 and has been tracked across 11 quarterly 13F filings.
STOK is a convergence signal: 7 specialist biotech funds hold this stock, suggesting high institutional conviction.
There is an upcoming Phase 3 readout for zorevunersen in 351 days (Mar 31, 2027), making the timing of Cormorant's position particularly relevant.
Short interest stands at 26.9% of float with 16.9 days to cover, indicating significant bearish positioning against the stock.
About Stoke Therapeutics, Inc.
Stoke Therapeutics, Inc., an early-stage biopharmaceutical company, develops novel antisense oligonucleotide (ASO) medicines to treat the underlying causes of severe genetic diseases in the United States. The company utilizes its proprietary Targeted Augmentation of Nuclear Gene Output to design ASOs to precisely upregulate protein expression. Its lead clinical candidate is STK-001, which is in phase I/IIa clinical trial to treat Dravet syndrome, a severe and progressive genetic epilepsy; and STK-002, which is in preclinical stage for the treatment of autosomal dominant optic atrophy. It had entered into a license and collaboration agreement with Acadia Pharmaceuticals Inc. for the discovery, development, and commercialization of novel RNA-based medicines for the treatment of severe and rare genetic neurodevelopmental diseases of the central nervous system. The company was formerly known as ASOthera Pharmaceuticals, Inc. and changed its name to Stoke Therapeutics, Inc. in May 2016. Stoke Therapeutics, Inc. was incorporated in 2014 and is headquartered in Bedford, Massachusetts.
Full company profile →Short Interest
26.9%
16.9 days to cover
Cormorant Asset Management STOK Position History
| Quarter | Action | Shares | Change | Value |
|---|---|---|---|---|
| Q3 2025 | Exited | 0 | -254,161 | $0 |
| Q2 2025 | Held | 254,161 | — | $2.9M |
| Q1 2025 | Held | 254,161 | — | $1.7M |
| Q4 2024 | Decreased | 254,161 | -173,002 | $2.8M |
| Q3 2024 | Held | 427,163 | — | $5.3M |
| Q2 2024 | Held | 427,163 | — | $5.8M |
| Q1 2024 | Decreased | 427,163 | -660,644 | $5.8M |
| Q4 2023 | Held | 1,087,807 | — | $5.7M |
| Q3 2023 | Held | 1,087,807 | — | $4.3M |
| Q2 2023 | Held | 1,087,807 | — | $11.6M |
| Q1 2023 | New | 1,087,807 | +1,087,807 | $9.1M |
Frequently Asked Questions
Does Cormorant Asset Management own STOK?
No. Cormorant Asset Management exited their position in Stoke Therapeutics, Inc. (STOK) in Q3 2025. They previously held the stock for 11 quarters.
How many hedge funds own STOK?
7 specialist biotech hedge funds currently hold STOK, including RTW Investments, Redmile Group, Baker Bros. Advisors and 4 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 STOK?
Cormorant Asset Management's position in STOK 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 STOK position increasing or decreasing?
Cormorant Asset Management completely exited their STOK position in the most recent quarter.
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