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ANNX ANNEXON INC

2026Q2 · CUSIP 03589W102 · Sector: Healthcare & Biotech

Exiting + falling

Funds leaving and price falling — historically weak for the next six months

Funds that own it
211
Institutions that reported holding it to the SEC
Net decrease in holders
5
Last quarter 216 → now 211
How unusual is that
Below average
Stronger than only 20% of US stocks
What the filings say, in one paragraph

211 funds held ANNX at the end of 2026Q2, down 5 from the quarter before. Buying is stronger than only 20.4% of US stocks, and the price fell over the same quarter — funds leaving and price weakness at the same time. On the business itself, return on equity is -108.9%. ANNX has had 4 buying rushes in its history, and the price moved +15.9% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Healthcare & Biotech sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2020Q4: holders=70 2021Q1: holders=73 2021Q2: holders=74 2021Q3: holders=82 2021Q4: holders=96 2022Q1: holders=101 2022Q2: holders=78 2022Q3: holders=72 2022Q4: holders=85 2023Q1: holders=100 2023Q2: holders=95 2023Q3: holders=93 2023Q4: holders=99 2024Q1: holders=127 2024Q2: holders=140 2024Q3: holders=142 2024Q4: holders=152 2025Q1: holders=148 2025Q2: holders=128 2025Q3: holders=146 2025Q4: holders=167 2026Q1: holders=216 2026Q2: holders=211 -49 -24.5 +0 +24.5 +49 63145227 20Q421Q221Q422Q222Q423Q223Q424Q224Q425Q225Q426Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 4 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q1 Top 5% — —
2025Q3 Top 20% +68.9% +66.9%
2024Q1 Top 10% +38.1% +41.3%
2023Q1 Top 20% -53.4% -60.4%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
118
Change in large funds
+5
Total value they hold
$1.0B
Funds buying for the first time
30
Funds that sold out entirely
35
Price change that quarter
-1.4%
Funds holding puts (bearish)
3
Funds holding calls (bullish)
7

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
—
EPS (TTM)
$-1.14
EPS YoY
—
Revenue (TTM)
—
Revenue YoY
—
Net margin
—
ROE
-108.9%
Debt ratio
24.4%
FCF (TTM)
-$193M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2024-03-31: EPS -0.21 2024-06-30: EPS -0.23 2024-09-30: EPS -0.25 2024-12-31: EPS -0.32 2025-03-31: EPS -0.37 2025-06-30: EPS -0.34 2025-09-30: EPS -0.37 2025-12-31: EPS -0.26 2026-03-31: EPS -0.23 2026-06-30: EPS -0.28 -0.41 -0.20 0.00 20242025202606/26 EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

Quarterly free cash flow
-52M-26M0K 20192020202120222023202420252026
Latest quarter $-47M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.