After the sale, the Bpifrance owns more Valneva shares, but a smaller percentage of the company
Fintel reports that Bpifrance Participations SA has filed a 13D form with the SEC disclosing ownership of 11,616,821 shares of Valneva (NASDAQ:VALN, EPA:VLA), or 8.4% of the company.
In their previous filing dated February 10, 2022, they reported 9,501,441 shares and 9.00% of the company, an increase in shares of 22.26% and a decrease in total ownership of 0.60% (calculated as current – previous percent ownership).
Q3 2022 hedge fund letters, conferences and more
In October, the dual-listed specialty vaccine company closed a 21 million ordinary share sale to specific investors. The sale included 375,000 American depositary shares (“ADSs”), each representing two ordinary shares, in the US at $9.51 per ADS. It also privately placed 20.3 million ordinary shares in Europe at 4.9 euros each.
The company said the sale raised $100 million.
- General American Investors Co Inc holds 375,000 shares.
- Bank of America Corp /de/ owns 26,273 shares.
- Laurion Capital Management LP owns 25,000 shares.
- Morgan Stanley owns 5,263 shares.
- Advisor Group Holdings, Inc. holds 1,450 shares.
What Is The Overall Institutional Sentiment?
There are 15 funds or institutions reporting positions in Valneva SE. This is an increase of 2 owner(s) or 15.38%.
Average portfolio weight of all funds dedicated to Valneva SE is 0.1323%, an increase of 18.8300%. Total shares owned by institutions increased in the last three months by 300.24% to 485,081 shares.
Based on this information, institutional sentiment is bullish.
Article by Fintel
