Point72 Takes 4.86M Share Stake in Annexon Inc.

TL;DR

**Point72 just bought 4.86M shares of Annexon, signaling big institutional confidence.**

AI Summary

Point72 Asset Management, L.P. has disclosed a significant stake in Annexon, Inc., a pharmaceutical company, by acquiring shared voting and dispositive power over 4,856,400 shares of common stock as of February 2, 2024. This represents a substantial investment by a major hedge fund, indicating their belief in Annexon's future prospects. For current or prospective Annexon shareholders, this signals a vote of confidence from a sophisticated institutional investor, potentially leading to increased market interest and price stability.

Why It Matters

This filing reveals a major institutional investor, Point72, has taken a significant position in Annexon, Inc., which can be seen as a strong endorsement of the company's potential.

Risk Assessment

Risk Level: low — The filing indicates a large institutional investment, which generally reduces perceived risk due to increased institutional backing.

Analyst Insight

Investors should view this as a positive signal, suggesting that a sophisticated institutional investor sees value in Annexon, Inc. It might warrant further research into Annexon's fundamentals and recent news.

Key Numbers

• 4,856,400 — Shares Beneficially Owned (Represents the total number of Annexon, Inc. common stock shares Point72 Asset Management, L.P. has shared voting and dispositive power over.)
• 03589W102 — CUSIP Number (Unique identifier for Annexon, Inc.'s common stock.)

Key Players & Entities

• Point72 Asset Management, L.P. (company) — the reporting person acquiring shares
• Annexon, Inc. (company) — the subject company whose shares were acquired
• 4,856,400 (dollar_amount) — number of shares beneficially owned
• February 2, 2024 (person) — date of event requiring the filing
• Delaware (company) — place of organization for Point72 Asset Management, L.P.

Forward-Looking Statements

• Annexon, Inc. stock may experience increased trading volume and positive price movement due to institutional interest. (Annexon, Inc.) — medium confidence, target: Q2 2024

FAQ

Key Financial Figures

• $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securitie

Filing Documents

• p24-0840sc13g.htm (SC 13G) — 73KB
• p24-0840exhibit99.htm (EX-99.1) — 7KB
• 0000902664-24-001430.txt ( ) — 82KB

(a)

Item 1(a). Name of Issuer. Annexon, Inc. (the " Issuer ").

(b)

Item 1(b). Address of Issuer's Principal Executive Offices. 1400 Sierra Point Parkway, Bldg C, Suite 200, Brisbane, CA 94005.

(a)

Item 2(a). Name of Person Filing. This statement is filed by: (i) Point72 Asset Management, L.P. (" Point72 Asset Management ") with respect to common stock, par value $0.001 per share (" Shares "), of the Issuer held by Point72 Associates, LLC, an investment fund it manages (" Point72 Associates "); (ii) Point72 Capital Advisors, Inc. (" Point72 Capital Advisors Inc .") with respect to Shares held by Point72 Associates; (iii) Cubist Systematic Strategies, LLC (" Cubist Systematic Strategies ") with respect to Shares held by an investment fund it manages; and (iv) Steven A. Cohen (" Mr. Cohen ") with respect to Shares beneficially owned by Point72 Asset Management, Point72 Capital Advisors Inc., and Cubist Systematic Strategies. Point72 Asset Management, Point72 Capital Advisors Inc., Cubist Systematic Strategies, and Mr. Cohen have entered into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G as Exhibit 99.1 , pursuant to which they have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k) of the Act.

(b)

Item 2(b). Address of Principal Business Office. The address of the principal business office of (i) Point72 Asset Management, Point72 Capital Advisors Inc., and Mr. Cohen is 72 Cummings Point Road, Stamford, CT 06902; and (ii) Cubist Systematic Strategies is 55 Hudson Yards, New York, NY 10001.

(c)

Item 2(c). Place of Organization. Point72 Asset Management is a Delaware limited partnership. Point72 Capital Advisors Inc. is a Delaware corporation. Cubist Systematic Strategies is a Delaware limited liability company. Mr. Cohen is a United States citizen.

(d)

Item 2(d). Title of Class of Securities. Common Stock, par value $0.001 per share.

(e)

Item 2(e). CUSIP Number. 03589W102 Item 3. If this Statement is Filed Pursuant to §§ 240.13d-1(b) or 240.13d-2(b), or (c), check whether the Person Filing is a: Not applicable. Item 4. The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person. Such information is as of the close of business on February 9, 2024. CUSIP No. 03589W102 13G Page 7 of 8 Pages Point72 Asset Management, Point72 Capital Advisors Inc., Cubist Systematic Strategies, and Mr. Cohen own directly no Shares. Pursuant to an investment management agreement, Point72 Asset Management maintains investment and voting power with respect to the securities held by Point72 Associates. Point72 Capital Advisors Inc. is the general partner of Point72 Asset Management. Pursuant to an investment management agreement, Cubist Systematic Strategies maintains investment and voting power with respect to the securities held by an investment fund it manages. Mr. Cohen controls each of Point72 Asset Management, Point72 Capital Advisors Inc., and Cubist Systematic Strategies. The filing of this statement should not be construed as an admission that any of the foregoing persons or any Reporting Person is, for the purposes of Section 13 of the Act, the beneficial owner of the Shares reported herein. Item 5. If this statement is being filed to report the fact that as of the date hereof the Reporting Person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ ]. Item 6. Point72 Associates has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than 5 percent of the outstanding Shares. Item 7. Identification and Class

View Full Filing

View this SC 13G filing on SEC EDGAR