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Discover insights from top hedge funds as well as aggregate trends on our Hedge Fund Ownership dashboard, powered by Novus.

Data Source: 
13F
Update Frequency: 
Quarterly
Hedge Fund Ownership

Under the micro-scope: Immersion

September 27, 2021

Hedge funds don't invest in microcaps much and, when they do, it's more likely to be a SPAC than an active company. Yet 16% of funds that are exposed to any microcaps are betting on this one: Immersion. Three times as many hedgies have bought rather than sold recently, according to the most recent 13-Fs.

The San Francisco-based enterprise makes software for virtual and augmented reality gloves, allowing users to "feel" the Matrix as well as see and hear it. Immersion's IMMR stock trades on the Nasdaq -- quite spikily. It has a demonstrated potential of trading above $16 per share but is currently in the $7-$8 doldrums.