Deerfield Management LENZ Position
Exited6-Fund ConvergenceDeerfield Management exited their position in LENZ Therapeutics, Inc. (LENZ) in Q3 2024, after holding the stock for 2 quarters.
The position was first reported in Q2 2024 and has been tracked across 2 quarterly 13F filings.
LENZ is a convergence signal: 6 specialist biotech funds hold this stock, suggesting high institutional conviction.
Short interest stands at 52.7% of float with 13.3 days to cover, indicating significant bearish positioning against the stock.
3 insider purchases totaling $366K have been filed in the last 90 days, providing an additional conviction signal.
About LENZ Therapeutics, Inc.
LENZ Therapeutics, Inc., a biopharmaceutical company, focuses on developing and commercializing therapies to improve vision in the United States. Its product candidates include LNZ100 and LNZ101 which are in Phase III clinical trials for the treatment of presbyopia. The company is headquartered in Del Mar, California.
Full company profile →Short Interest
52.7%
13.3 days to cover
Insider Buys (90d)
3
$366K total
Deerfield Management LENZ Position History
Frequently Asked Questions
Does Deerfield Management own LENZ?
No. Deerfield Management exited their position in LENZ Therapeutics, Inc. (LENZ) in Q3 2024. They previously held the stock for 2 quarters.
How many hedge funds own LENZ?
6 specialist biotech hedge funds currently hold LENZ, including RA Capital Management, Tang Capital Management, RTW Investments and 3 more. When 3 or more specialist funds hold the same stock, BiotechEdge flags it as a convergence signal.
When did Deerfield Management first buy LENZ?
Deerfield Management's position in LENZ was first reported in Q2 2024. 13F filings are reported with a 45-day delay, so the actual purchase may have occurred earlier in the quarter.
Is Deerfield Management's LENZ position increasing or decreasing?
Deerfield Management completely exited their LENZ position in the most recent quarter.
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