Hedge Funds Have Never Been This Bullish On Immunomedics, Inc. (IMMU)

IMMU) and determine whether the smart money was really smart about this stock.” data-reactid=”12″>The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of June 30th, when the S&P 500 Index was trading around the 3100 level. Stocks kept going up since then. In this article we look at how hedge funds traded Immunomedics, Inc. (NASDAQ:IMMU) and determine whether the smart money was really smart about this stock.

IMMU) has experienced an increase in hedge fund sentiment lately. Immunomedics, Inc. (NASDAQ:IMMU) was in 48 hedge funds’ portfolios at the end of the second quarter of 2020. The all time high for this statistics is 38. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. There were 27 hedge funds in our database with IMMU holdings at the end of March. Our calculations also showed that IMMU isn’t among the 30 most popular stocks among hedge funds (click for Q2 rankings and see the video for a quick look at the top 5 stocks). Video: Watch our video about the top 5 most popular hedge fund stocks.” data-reactid=”13″>Immunomedics, Inc. (NASDAQ:IMMU) has experienced an increase in hedge fund sentiment lately. Immunomedics, Inc. (NASDAQ:IMMU) was in 48 hedge funds’ portfolios at the end of the second quarter of 2020. The all time high for this statistics is 38. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. There were 27 hedge funds in our database with IMMU holdings at the end of March. Our calculations also showed that IMMU isn’t among the 30 most popular stocks among hedge funds (click for Q2 rankings and see the video for a quick look at the top 5 stocks). Video: Watch our video about the top 5 most popular hedge fund stocks.

see the details here).” data-reactid=”19″>In today’s marketplace there are dozens of tools shareholders use to appraise their holdings. A couple of the most innovative tools are hedge fund and insider trading signals. We have shown that, historically, those who follow the best picks of the elite hedge fund managers can outclass the S&P 500 by a superb amount (see the details here).

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Steven Cohen of Point72 Asset Management

junior gold mining stock.. We go through lists like the 10 most profitable companies in America to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here. Now we’re going to check out the fresh hedge fund action surrounding Immunomedics, Inc. (NASDAQ:IMMU).” data-reactid=”37″>At Insider Monkey we scour multiple sources to uncover the next great investment idea. Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost precious metals prices. So, we are checking out this junior gold mining stock.. We go through lists like the 10 most profitable companies in America to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here. Now we’re going to check out the fresh hedge fund action surrounding Immunomedics, Inc. (NASDAQ:IMMU).

What have hedge funds been doing with Immunomedics, Inc. (NASDAQ:IMMU)?

Heading into the third quarter of 2020, a total of 48 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 78% from the previous quarter. Below, you can check out the change in hedge fund sentiment towards IMMU over the last 20 quarters. With hedge funds’ positions undergoing their usual ebb and flow, there exists an “upper tier” of key hedge fund managers who were upping their holdings considerably (or already accumulated large positions).

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Avoro Capital Advisors (venBio Select Advisor), managed by Behzad Aghazadeh, holds the number one position in Immunomedics, Inc. (NASDAQ:IMMU). Avoro Capital Advisors (venBio Select Advisor) has a $930.3 million position in the stock, comprising 18.4% of its 13F portfolio. The second largest stake is held by William Leland Edwards of Palo Alto Investors, with a $183.7 million position; 11% of its 13F portfolio is allocated to the stock. Remaining hedge funds and institutional investors that are bullish comprise Panayotis Takis Sparaggis’s Alkeon Capital Management, Steve Cohen’s Point72 Asset Management and Jeremy Green’s Redmile Group. In terms of the portfolio weights assigned to each position Avoro Capital Advisors (venBio Select Advisor) allocated the biggest weight to Immunomedics, Inc. (NASDAQ:IMMU), around 18.39% of its 13F portfolio. Palo Alto Investors is also relatively very bullish on the stock, setting aside 11.03 percent of its 13F equity portfolio to IMMU.” data-reactid=”60″>When looking at the institutional investors followed by Insider Monkey, Avoro Capital Advisors (venBio Select Advisor), managed by Behzad Aghazadeh, holds the number one position in Immunomedics, Inc. (NASDAQ:IMMU). Avoro Capital Advisors (venBio Select Advisor) has a $930.3 million position in the stock, comprising 18.4% of its 13F portfolio. The second largest stake is held by William Leland Edwards of Palo Alto Investors, with a $183.7 million position; 11% of its 13F portfolio is allocated to the stock. Remaining hedge funds and institutional investors that are bullish comprise Panayotis Takis Sparaggis’s Alkeon Capital Management, Steve Cohen’s Point72 Asset Management and Jeremy Green’s Redmile Group. In terms of the portfolio weights assigned to each position Avoro Capital Advisors (venBio Select Advisor) allocated the biggest weight to Immunomedics, Inc. (NASDAQ:IMMU), around 18.39% of its 13F portfolio. Palo Alto Investors is also relatively very bullish on the stock, setting aside 11.03 percent of its 13F equity portfolio to IMMU.