Healthcare & Biotech Hedge Funds surpass $165 Mark for the first time, as Long/Short Equity Giants bet on Sector

April 27th, 2015
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The most recent Top Healthcare, Pharma and Biotech Focused Hedge Fund list has been released, revealing that the top funds now manage $168 billion in assets. The assets for the top 50 surged by $72 billion, as a number of the largest long/short equity hedge fund increased their healthcare and biotech bets, surpassing the 35% portfolio allocation threshold.

Leading this quarter’s list are Andreas Halvorsen’s Viking Global, Larry Robbins’ Glenview Capital and new entrant John Paulson’s Paulson & Co.

Viking Global reclaimed the top spot on the list from Glenview Capital, as the Greenwich-based hedge fund increased its healthcare and biotech portfolio allocation to 37%, from just 24% during the third quarter. Viking’s top positions include Illumina (ILMN), Valeant Pharmaceuticals (VRX), Thermo Fisher Scientific (TMO) and Allergan Inc (AGN).

Meanwhile, Glenview Capital’s sector favorites include Thermo Fisher Scientific (TMO), Tenet Healthcare Corp (THC), and Community Health Systems Inc (CYH). Notably, over the quarter, Glenview purchased 4.1M shares of VCA Antech Inc (WOOF) and 1.2M shares of Endo Health Solutions (ENDP), increasing its stakes to $280M and $108M, respectively.

Renowned investor John Paulson’s hedge fund firm grabbed the number three spot on the Top Healthcare, Pharma and Biotech List, having joined the list for the very first time. Paulson’s top sector include: Shire Plc (SHPG,) Allergan Inc (AGN), Covidien plc (COV) and Mylan Inc (MYL)

Ranking Methodology: The Top Healthcare, Pharmaceutical and Biotechnology Hedge Fund rankings are compiled on a quarterly basis using hedge fund firms’ overall U.S. equity assets under management. The list includes the top hedge funds that have more than 35% of their U.S. equity assets invested in U.S. listed Healthcare, Pharma & Biotech companies. To view the Top Healthcare, Pharma & Biotech Hedge Fund list in its entirety, please visit HedgeTracker’s Hedge Fund Portal.
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For Detailed Investor Profiles on these Investors, click below:
Glenview Capital Management
Paulson & Co.
Viking Global Investors
Related People: Andreas Halvorsen; Andrew Hoine; Brian Olson*; David Ott; John Paulson; Larry Robbins; Mena Gerowin*; Mike Barr; Sheru Chowdhry; Stuart Merzer
Related Entities: GCM Little Arbor Institutional Partners; GCM Little Arbor Master; GCM Little Arbor Partners; Glenview Capital Master; Glenview Capital Partners; Glenview Institutional Partners; Paulson Advantage Master Ltd; Paulson Advantage Plus Master Ltd; Paulson Real Estate Recovery Fund; Paulson Recovery Fund; PCI; Tiger Management*; Viking Global Equities; Viking Global Equities III; Viking Global Investors LP
Related Article Tags: Investment Management, Fund Manager and General Financial News; Top Hedge Fund Portfolio Reports


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