More Biopharma Stock Ideas from Q3 Hedge Fund Activity
You can find updated Q3 bioHF holdings data at app.bpiq.com/hedgefunds
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Our goal is to help you make $$ investing in biopharma
That's why we follow top biopharma hedge funds (bioHFs) ^1
Here are some tickers to check out based on Q3 hedge fund activity
Tickers most initiated or closed by bioHF in Q3 '23
Most initiated
$RYZB $APGE $TSHE $SGMT $IMVT $SLNO $CMPS $GOSS
Most closed
$BDTX $VIR $THRX $MRSN
More details ...
👇 Initiated by the most bioHFs in Q3 '23
• Based on 9/30/23 13F filings
⇨ 2 newly IPOed
RYZB (10 vs. 0) (# bioHFs that held ticker on 9/30/23 vs. 6/30/23)
9/19/23 IPO
Ph1 SCLC & endocrine tumors
RYZB pipeline
APGE (9 vs. 0)
7/13/23 IPO
Ph1 Atopic derm
APGE pipeline
⇨ 1 more with very early stage assets
TSHA (8 vs. 0) (^2)
Ph1/2 Rett Syndrome
TSHA pipeline
⇨ 1 whose stock took a big plunge since end of Q3
SGMT (5 vs. 0)
Stock heading down since end Q2 (~12.50 to ~$3.63) but no readouts?
Upcoming Ph2b catalyst (Q1 2024) in NASH
SGMT 1 yr stock chart
⇨ 2 that had big mover positive readouts near end of last quarter
IMVT (14 vs. 6)
9/26/23
Ph1 auto-immune disease
IMVT-14-2 anti-FcRn Ab for various auto-immune diseases
pipeline in asset-type asset
IMVT 1 yr stock chart
SLNO (7 vs. 1)
9/26/23
Ph3 in PWS (rare disease - hyperphagia - eating disorder)
SLNO 1 yr stock chart
⇨ 1 with an important upcoming readout
CMPS (7 vs. 1)
Ph3 depression - Summer 2024
Only Deep Track had it previously
CMPS pipeline
⇨ 1 whose stock was crushed at end of 2022
GOSS (10 vs 5)
Lots of bioHFs for a micro-cap
EV <$200M
4 top 20s is high too
Ph2 update 12/18/23 for only clinical asset
GOSS stock chart
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👇 As far as bioHF positions closed,
Not as many closed as initiated
⇨ Most bioHF closed in Q3 '23
Positions closed by 3 HFs
BDTX (5 vs. 8)
VIR (2 vs. 5)
THRX (3 vs. 6)
MRSN (8 vs. 11)
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SUMMARY
These tickers are good ones to dig deeper into
Or if you already hold these tickers
take the info above as reinforcing, or a caution
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^1 We identified & follow moves of 36 top BioHFs
⇨ That focus on biopharma stocks & have over $250M in AUM
^2 Confirm with your Hedge Fund data provider that there were no holdings for this ticker in Q2 to assure our provider's data is accurate, since the move from 0 to 8 is quite unusual for a company that went public before Q2
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This article is not investment, tax, or legal advice. Please do your own diligence and seek advice from professional advisors representing your interests.
Article history:
Posted 12/20/23 (EJV)
#RYZB #APGE #TSHE #SGMT #IMVT #SLNO #CMPS #GOSS #BDTX #VIR #THRX #MRSN