Point72 Raises Its SNDX Stake to 5%

Today’s top moves come via two significant 13G filings.

Point72 Asset Management boosted its stake in Syndax Pharmaceuticals $SNDX from 3.25% to 5.00%.

This increase signals growing confidence in the company’s prospects from one of the most high-profile hedge funds in the market.

Here’s The Hot Corner, with data from January 23, 2025:

Dimensional Fund Advisors disclosed an initial 5.30% position in Academy Sports and Outdoors $ASO. 

A 13G is a passive stake filing that reveals when an investor takes a large position (over 5%) in a company.

It’s often a sign they see solid potential in the stock and are placing a bet on its future growth.