FRX FENNEC PHARMACEUTICALS INC
COMMON
CUSIP: 31447P100
FIGI: BBG000BBWBN7
Institutional Holders95
Total Institutional Value$119,318,673
Total Shares Held15,538,482
Avg Position$1,255,986
Top 5 Holders %69.3%
Alpha-Weighted Score70.4
New Positions+19
Exited Positions-8
Top 15 Institutional Holders by Value
■ New ■ Increased ■ Decreased ■ Unchanged
Institutional Holders — Q4 25
| Manager | Alpha | Flow | Value | Shares | Change |
|---|---|---|---|---|---|
| SOUTHPOINT CAPITAL ADVISORS LP | High Conviction | Low Flow | $21,134,506 (17.7%) | 2,744,741 | -44.6% |
| ROSALIND ADVISORS, INC. | High Conviction | Minimal Flow | $20,124,012 (16.9%) | 2,613,508 | 3.5% |
| SOLAS CAPITAL MANAGEMENT, LLC | High Conviction | Minimal Flow | $19,717,590 (16.5%) | 2,560,726 | -3.7% |
| AIGH CAPITAL MANAGEMENT LLC | High Conviction | Minimal Flow | $12,177,558 (10.2%) | 1,581,501 | 90.9% |
| BLACKROCK FUNDING, INC. /DE | High Conviction | Market Mover | $9,503,934 (8.0%) | 1,234,277 | -16.2% |
| VANGUARD GROUP INC | High Conviction | Market Mover | $8,220,912 (6.9%) | 1,067,651 | -8.1% |
| AWM INVESTMENT COMPANY, INC. | High Conviction | Low Flow | $5,481,391 (4.6%) | 711,869 | NEW |
| STATE STREET CORP | High Conviction | Market Mover | $2,716,368 (2.3%) | 352,775 | -14.9% |
| GEODE CAPITAL MANAGEMENT, LLC | High Conviction | Market Mover | $2,287,669 (1.9%) | 297,100 | -18.7% |
| MORGAN STANLEY | Moderate Conviction | Market Mover | $1,867,066 (1.6%) | 242,476 | -14.2% |
| APIS CAPITAL ADVISORS, LLC | Elite Conviction | Minimal Flow | $1,570,800 (1.3%) | 204,000 | NEW |
| CITADEL ADVISORS LLC | Moderate Conviction | Market Mover | $1,538,067 (1.3%) | 199,749 | 52.9% |
| GENDELL JEFFREY L | Elite Conviction | Low Flow | $1,074,605 (0.9%) | 139,559 | -17.7% |
| MARSHALL WACE, LLP | Moderate Conviction | Market Mover | $983,236 (0.8%) | 127,693 | NEW |
| LION POINT CAPITAL, LP | High Conviction | Minimal Flow | $865,742 (0.7%) | 112,434 | -24.8% |
| NORTHERN TRUST CORP | High Conviction | Market Mover | $863,108 (0.7%) | 112,092 | -29.4% |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | High Conviction | Moderate Flow | $639,139 (0.5%) | 83,005 | 122.4% |
| SCHWAB CHARLES INVESTMENT MANAGEMENT INC | High Conviction | Market Mover | $440,817 (0.4%) | 57,249 | -51.5% |
| TREXQUANT INVESTMENT LP | High Conviction | Significant Flow | $395,626 (0.3%) | 51,380 | NEW |
| STATE OF WISCONSIN INVESTMENT BOARD | High Conviction | Significant Flow | $392,700 (0.3%) | 51,000 | 30.7% |
| HARTFORD FINANCIAL MANAGEMENT INC. | High Conviction | Minimal Flow | $389,975 (0.3%) | 50,646 | -17.7% |
| STONEPINE CAPITAL MANAGEMENT, LLC | High Conviction | Minimal Flow | $385,000 (0.3%) | 50,000 | NEW |
| Bank of New York Mellon Corp | High Conviction | Market Mover | $378,989 (0.3%) | 49,219 | -22.6% |
| QUBE RESEARCH & TECHNOLOGIES LTD | Moderate Conviction | Market Mover | $344,128 (0.3%) | 44,692 | NEW |
| HILLSDALE INVESTMENT MANAGEMENT INC. | High Conviction | Moderate Flow | $338,800 (0.3%) | 44,000 | NEW |
| GOLDMAN SACHS GROUP INC | High Conviction | Market Mover | $335,635 (0.3%) | 43,589 | 35.4% |
| BARCLAYS PLC | High Conviction | Market Mover | $281,797 (0.2%) | 36,597 | -8.9% |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | High Conviction | Market Mover | $249,942 (0.2%) | 32,460 | - |
| RHUMBLINE ADVISERS | High Conviction | Market Mover | $223,586 (0.2%) | 29,038 | -28.7% |
| 1492 CAPITAL MANAGEMENT LLC | High Conviction | Minimal Flow | $216,308 (0.2%) | 28,092 | NEW |
| XTX TOPCO LTD | Moderate Conviction | Moderate Flow | $206,252 (0.2%) | 26,786 | 3.7% |
| WELLS FARGO & COMPANY/MN | Moderate Conviction | Market Mover | $201,424 (0.2%) | 26,159 | 26.5% |
| Nuveen, LLC | High Conviction | Market Mover | $200,246 (0.2%) | 26,006 | -17.7% |
| JONES FINANCIAL COS LP | Elite Conviction | Market Mover | $192,130 (0.2%) | 24,952 | 126.1% |
| MILLENNIUM MANAGEMENT, L.L.C. | Moderate Conviction | Market Mover | $187,895 (0.2%) | 24,402 | 66.2% |
| JANE STREET GROUP, LLC | Moderate Conviction | Market Mover | $185,138 (0.2%) | 24,044 | -72.8% |
| BANK OF AMERICA CORP /DE/ | Moderate Conviction | Market Mover | $173,504 (0.1%) | 22,533 | -31.1% |
| POINT72 ASSET MANAGEMENT, L.P. | Moderate Conviction | Market Mover | $163,995 (0.1%) | 21,298 | NEW |
| RENAISSANCE TECHNOLOGIES LLC | High Conviction | Significant Flow | $154,000 (0.1%) | 20,000 | 55.2% |
| DEUTSCHE BANK AG\\ | Moderate Conviction | Market Mover | $133,711 (0.1%) | 17,365 | NEW |
| AQR CAPITAL MANAGEMENT LLC | High Conviction | Market Mover | $116,571 (0.1%) | 15,139 | -17.0% |
| HIGHTOWER ADVISORS, LLC | High Conviction | Significant Flow | $115,500 (0.1%) | 15,000 | -17.7% |
| QUADRATURE CAPITAL LTD | Moderate Conviction | Significant Flow | $113,660 (0.1%) | 14,761 | -20.8% |
| Invesco Ltd. | Moderate Conviction | Market Mover | $110,326 (0.1%) | 14,328 | -2.8% |
| LAZARD ASSET MANAGEMENT LLC | High Conviction | Significant Flow | $101,032 (0.1%) | 13,121 | NEW |
| SQUAREPOINT OPS LLC | Moderate Conviction | Significant Flow | $100,939 (0.1%) | 13,109 | NEW |
| METLIFE INVESTMENT MANAGEMENT, LLC | High Conviction | Significant Flow | $100,246 (0.1%) | 13,019 | 11.6% |
| TWO SIGMA ADVISERS, LP | High Conviction | Significant Flow | $100,100 (0.1%) | 13,000 | NEW |
| MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. | High Conviction | Significant Flow | $83,722 (0.1%) | 10,873 | -17.9% |
| INTECH INVESTMENT MANAGEMENT LLC | High Conviction | Significant Flow | $80,480 (0.1%) | 10,452 | -24.5% |
| ALLIANCEBERNSTEIN L.P. | High Conviction | Market Mover | $79,387 (0.1%) | 10,310 | -17.7% |
| JPMORGAN CHASE & CO | High Conviction | Market Mover | $75,237 (0.1%) | 9,771 | -59.1% |
| NEW YORK STATE COMMON RETIREMENT FUND | High Conviction | Market Mover | $75,098 (0.1%) | 9,753 | -90.7% |
| LEGAL & GENERAL GROUP PLC | High Conviction | Market Mover | $62,782 (0.1%) | 8,128 | -17.3% |
| Police & Firemen's Retirement System of New Jersey | High Conviction | Significant Flow | $48,125 (0.0%) | 6,250 | -17.7% |
| STRS OHIO | High Conviction | Significant Flow | $40,040 (0.0%) | 5,200 | -17.7% |
| BNP PARIBAS FINANCIAL MARKETS | Moderate Conviction | Market Mover | $38,893 (0.0%) | 5,051 | -7.8% |
| UBS Group AG | Moderate Conviction | Market Mover | $38,462 (0.0%) | 4,995 | -70.0% |
| RUSSELL INVESTMENTS GROUP, LTD. | Moderate Conviction | Market Mover | $22,514 (0.0%) | 2,924 | -34.5% |
| FEDERATED HERMES, INC. | High Conviction | Significant Flow | $22,453 (0.0%) | 2,916 | -17.7% |
| ROYAL BANK OF CANADA | High Conviction | Market Mover | $19,000 (0.0%) | 2,467 | -64.2% |
| FMR LLC | High Conviction | Market Mover | $18,658 (0.0%) | 2,423 | -26.8% |
| CIBC PRIVATE WEALTH GROUP, LLC | High Conviction | Significant Flow | $12,051 (0.0%) | 1,565 | -17.7% |
| SUMMIT INVESTMENT ADVISORS, INC. | Moderate Conviction | Moderate Flow | $11,542 (0.0%) | 1,499 | -17.7% |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | High Conviction | Market Mover | $11,096 (0.0%) | 1,441 | -30.2% |
| TOWER RESEARCH CAPITAL LLC | High Conviction | Moderate Flow | $10,657 (0.0%) | 1,384 | -29.9% |
| STERLING CAPITAL MANAGEMENT LLC | High Conviction | Significant Flow | $7,931 (0.0%) | 1,030 | -29.3% |
| PNC FINANCIAL SERVICES GROUP, INC. | High Conviction | Market Mover | $4,905 (0.0%) | 637 | -45.9% |
| CITIGROUP INC | Moderate Conviction | Market Mover | $4,098 (0.0%) | 530 | -45.9% |
| PINNACLE WEALTH PLANNING SERVICES, INC. | High Conviction | Low Flow | $3,904 (0.0%) | 507 | NEW |
| MASSMUTUAL TRUST CO FSB/ADV | High Conviction | Moderate Flow | $2,749 (0.0%) | 357 | -17.7% |
| STATE OF WYOMING | High Conviction | Low Flow | $2,379 (0.0%) | 309 | -15.9% |
| UBS GLOBAL ASSET MANAGEMENT AMERICAS INC | Moderate Conviction | Market Mover | $2,333 (0.0%) | 303 | NEW |
| FARTHER FINANCE ADVISORS, LLC | High Conviction | Significant Flow | $2,110 (0.0%) | 274 | -17.7% |
| PRIVATE WEALTH MANAGEMENT GROUP, LLC | High Conviction | Low Flow | $1,902 (0.0%) | 247 | -17.7% |
| QUAKER WEALTH MANAGEMENT, LLC | High Conviction | Minimal Flow | $1,232 (0.0%) | 160 | NEW |
| EVERSOURCE WEALTH ADVISORS, LLC | High Conviction | Moderate Flow | $1,039 (0.0%) | 135 | -17.8% |
| GAMMA INVESTING LLC | High Conviction | Moderate Flow | $870 (0.0%) | 113 | -17.8% |
| SMARTLEAF ASSET MANAGEMENT LLC | High Conviction | Moderate Flow | $854 (0.0%) | 110 | -14.5% |
| Hughes Financial Services, LLC (CIK 0002054465) | Elite Conviction | Low Flow | $747 (0.0%) | 97 | -9.9% |
| NATIONAL BANK OF CANADA /FI/ | Moderate Conviction | Market Mover | $747 (0.0%) | 97 | -59.4% |
| CORNERSTONE PLANNING GROUP LLC | High Conviction | Low Flow | $656 (0.0%) | 88 | -10.5% |
| OSAIC HOLDINGS, INC. | Moderate Conviction | Market Mover | $577 (0.0%) | 75 | -64.7% |
| OPTIMA CAPITAL LLC (CIK 0002070972) | High Conviction | Low Flow | $485 (0.0%) | 63 | NEW |
| NISA INVESTMENT ADVISORS, LLC | Elite Conviction | Significant Flow | $354 (0.0%) | 46 | -17.9% |
| TD WATERHOUSE CANADA INC. | High Conviction | Significant Flow | $223 (0.0%) | 29 | -3.5% |
| ACADIAN ASSET MANAGEMENT LLC | High Conviction | Low Flow | $207 (0.0%) | 27,059 | 107.0% |
| PRICE T ROWE ASSOCIATES INC /MD/ | High Conviction | Moderate Flow | $97 (0.0%) | 12,504 | -17.8% |
| SUNBELT SECURITIES, INC. | High Conviction | Low Flow | $54 (0.0%) | 7 | -18.2% |
| FEDERATION DES CAISSES DESJARDINS DU QUEBEC | High Conviction | Significant Flow | $46 (0.0%) | 6 | -14.8% |
| STATE OF ALASKA, DEPARTMENT OF REVENUE | Moderate Conviction | Low Flow | $12 (0.0%) | 1,570 | NEW |
| TRUE WEALTH DESIGN, LLC | High Conviction | Low Flow | $8 (0.0%) | 1 | NEW |
| AMALGAMATED BANK | High Conviction | Low Flow | $6 (0.0%) | 736 | -25.0% |
| CWM, LLC | Moderate Conviction | Low Flow | $6 (0.0%) | 750 | -25.0% |
Implied Institutional Price History
Estimated from 13F aggregate market value ÷ shares reported across all institutional filers. Reflects quarter-end snapshot, not actual trade prices.
| Quarter | Filers | Institutional Value | Shares Held | Est. Avg Price |
|---|---|---|---|---|
| Q4 25 | 95 | $0.12B | 15,538,482 | $7.68 |
| Q3 25 | 83 | $0.13B | 14,044,168 | $9.30 |
| Q2 25 | 77 | $0.11B | 13,640,628 | $8.22 |
| Q1 25 | 68 | $0.08B | 13,526,209 | $6.09 |
| Q4 24 | 64 | $0.11B | 17,706,646 | $6.30 |
| Q3 24 | 62 | $0.08B | 15,303,744 | $4.97 |
| Q2 24 | 62 | $0.09B | 14,593,672 | $6.07 |
| Q1 24 | 64 | $0.16B | 14,705,515 | $10.91 |
Source: SEC 13F-HR filings. Implied price = aggregate market value ÷ shares reported. Not investment advice.