357,740 Shares in Social Capital Suvretta Holdings Corp. IV (NASDAQ:DNAD) Purchased by Weiss Asset Management LP

Weiss Asset Management LP bought a new position in Social Capital Suvretta Holdings Corp. IV (NASDAQ:DNAD – Get Rating) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 357,740 shares of the company’s stock, valued at approximately $3,520,000. Weiss Asset Management LP owned about 1.12% of Social Capital Suvretta Holdings Corp. IV at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. UBS Group AG bought a new position in Social Capital Suvretta Holdings Corp. IV in the 2nd quarter worth approximately $46,000. Cubist Systematic Strategies LLC acquired a new stake in Social Capital Suvretta Holdings Corp. IV in the second quarter worth about $97,000. Condor Capital Management raised its holdings in Social Capital Suvretta Holdings Corp. IV by 48.0% during the 3rd quarter. Condor Capital Management now owns 12,562 shares of the company’s stock worth $123,000 after purchasing an additional 4,072 shares during the last quarter. Centiva Capital LP acquired a new position in Social Capital Suvretta Holdings Corp. IV during the 2nd quarter valued at about $134,000. Finally, Westchester Capital Management LLC boosted its stake in shares of Social Capital Suvretta Holdings Corp. IV by 313.8% in the 2nd quarter. Westchester Capital Management LLC now owns 99,861 shares of the company’s stock valued at $970,000 after purchasing an additional 75,727 shares during the last quarter. 75.52% of the stock is currently owned by institutional investors and hedge funds.

Social Capital Suvretta Holdings Corp. IV Price Performance

DNAD opened at $10.21 on Friday. The firm has a 50 day simple moving average of $10.14 and a 200 day simple moving average of $9.99. Social Capital Suvretta Holdings Corp. IV has a fifty-two week low of $9.65 and a fifty-two week high of $10.92.

About Social Capital Suvretta Holdings Corp. IV

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Social Capital Suvretta Holdings Corp. IV does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the biotechnology industry. The company was incorporated in 2021 and is based in Henderson, Nevada.