Deep Track Capital ETNB Position
Exited10-Fund ConvergenceDeep Track Capital exited their position in 89bio Inc. (ETNB) in Q4 2023, after holding the stock for 4 quarters.
The position was first reported in Q1 2023 and has been tracked across 4 quarterly 13F filings.
ETNB is a convergence signal: 10 specialist biotech funds hold this stock, suggesting high institutional conviction.
There is an upcoming Phase 3 readout for Pegozafermin in 806 days (Jun 30, 2028), making the timing of Deep Track's position particularly relevant.
About 89bio Inc.
89bio, Inc., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapies for the treatment of liver and cardio-metabolic diseases. Its lead product candidate is pegozafermin, a glycoPEGylated analog of fibroblast growth factor 21 for the treatment of nonalcoholic steatohepatitis. The company also intends to develop pegozafermin for the treatment of severe hypertriglyceridemia. 89bio, Inc. was incorporated in 2018 and is headquartered in San Francisco, California.
Full company profile →Deep Track Capital ETNB Position History
Frequently Asked Questions
Does Deep Track Capital own ETNB?
No. Deep Track Capital exited their position in 89bio Inc. (ETNB) in Q4 2023. They previously held the stock for 4 quarters.
How many hedge funds own ETNB?
10 specialist biotech hedge funds currently hold ETNB, including RA Capital Management, Avoro Capital Advisors, RTW Investments and 7 more. When 3 or more specialist funds hold the same stock, BiotechEdge flags it as a convergence signal.
When did Deep Track Capital first buy ETNB?
Deep Track Capital's position in ETNB 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 Deep Track Capital's ETNB position increasing or decreasing?
Deep Track Capital completely exited their ETNB position in the most recent quarter.
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