On June 17, EcoR1 Capital filed a 13G on Xencor Inc. (XNCR), disclosing the purchase of over 2M shares. EcoR1 now owns 8% of Xencor. The purchase makes XNCR the #1 position in EcoR1's $957M 13F portfolio.
Xencor is a clinical-stage biopharmaceutical company...
Paul Singer’s Elliott Management is the largest and arguably the most successful activist hedge fund. So when Singer first buys a stake in a stock, that company’s management shudders, and the share price jumps. Singer’s 13D filing usually means higher prices in the target stock in the...
Light Street Capital filed a 13G on Monday July 22, disclosing a 5.2% stake in cybersecurity firm Carbon Black, Inc. (CBLK).
The Palo Alto-based hedge fund acquired the $69 million CBLK position as cyber attacks become an increasing problem for U.S. corporations, and...
A.H. Belo (AHC) was the target Wednesday afternoon of a 13D filing by Minerva Advisors LLC. The hedge fund disclosed a 5.1% activist ownership position in the publisher of the Dallas Morning News, and said the company should go private. From the 13D filing:
In the roaring stock market of the 1920's, it was common for groups of shrewd traders to secretly accumulate big stakes in a stock, then promote it, and drive up the price. When unsuspecting buyers chased the stock higher, the manipulators would sell at a big profit,...
On June 28, Archon filed a 13G on AquaBounty Technologies Inc (AQB) , disclosing a passive 8.39% position. In 2020 AquaBounty is set to sell the only genetically engineered (GE) animal in the world that’s been deemed safe to eat: Atlantic salmon modified to grow faster.
Back on April 10, 2020, Michael Burry, who gained fame as a major character in the book and movie The Big Short, filed a 13D on Gamestop Inc. (GME) disclosing that his fund Scion Asset Management, LLC owned 5.3% of GME's outstanding shares. With GME then traded...
Fastly Inc. (FSLY) shares surged nearly 45% from July 24 through Aug 5. -- going from $78 to a high of $117.79. But since then, FSLY has pulled all the way back to $79.25. Tons of volatility, but Fastly's #1 holder -- Abdiel Capital -- hasn't sold...
Tiger Global has been selling Sunrun shares as fellow "Tiger Cub" Coatue Management buys shares of the solar systems retailer. Sunrun Inc. (RUN) has been a huge winner for Tiger Global, surging 352% year-to-date. But since Oct. 1, the $41B hedge fun run by Chase Coleman has...
RC Ventures reported a 12.9% GameStop (GME) stake on Monday. Ryan Cohen, co-founder of e-commerce firm Chewy (CHWY), disclosed in SEC filings that his firm bought 9 million additional shares of the gaming company. RC Ventures had previously disclosed a 9.98% position on Sept. 21.