Replies to post #490457 on Anavex Life Sciences Corp (AVXL)

[Bourbon_on_my_cornflakes]

LPL Financial bought 453K shares of AVXL last qtr.

LPL Financial is based out of San Diego. LPL Financial is a large advisory firm with 1374922 clients and discretionary assets under management (AUM) of $462,816,589,215 (Form ADV from 2025-02-18). Their last reported 13F filing for Q1 2025 included $257,147,939,183 in managed 13F securities and a top 10 holdings concentration of 15.08%. LPL Financial's largest holding is iShares Core S&P 500 ETF with shares held of 10,584,897.

definitely seeing more hedge funds playing in AVXL stock

[falconer66a]

Was There Any Due Diligence?

LPL Financial bought 453K shares of AVXL last qtr.

Balyasny Asset Management bought over 500K AVXL shares last qtr.

What could these hedge funds have been thinking? They take in, handle, and trade millions of dollars for their well-heeled clients. Why, ever, would they plunk down those dollars to take large AVXL positions? If these 953,000 AVXL shares were purchased at $8.00, $7,624,000 was spent.

You’d think that big-spending hedge funds such as these would do their due diligence before taking positions as questionable as AVXL. What, perchance, could have prompted these purchases? Clearly, they don’t read, know, or understand what we learn here from our doomsaying Anavex experts each day.

[k9uwa]

Thanks Flakes. Balyasny Asset holdings of AVXL Previous to Q1 2025 they had ZERO AVXL. End of Q1 171,383 long shares. 390,000 shares Calls

BALYASNY ASSET MANAGEMENT L.P. History 171,383 1,470,466 0.00% 1842 171,383 New 0.20% Q1 2025 9.43 13F Filing 2025-03-31 2025-05-15
BALYASNY ASSET MANAGEMENT L.P. CALL History 390,000 3,346,200 0.01% 1445 390,000 New Q1 2025 13F Filing 2025-03-31 2025-05-15

LPL 546,626 total of which during Q1 they bought 452,723 shares.

They are definitely here to make $$$$
John k9uwa