Hedge Funds Are Buying Amicus Therapeutics, Inc. (FOLD)

Page 1 of 2

Amicus Therapeutics, Inc. (NASDAQ:FOLD) was in 12 hedge funds’ portfolio at the end of March. FOLD shareholders have witnessed an increase in enthusiasm from smart money lately. There were 9 hedge funds in our database with FOLD holdings at the end of the previous quarter.

Amicus Therapeutics, Inc. (NASDAQ:FOLD)

At the moment, there are many methods investors can use to watch stocks. Two of the most underrated are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the elite fund managers can outclass the broader indices by a significant amount (see just how much).

Equally as beneficial, bullish insider trading activity is a second way to parse down the marketplace. Obviously, there are many stimuli for a corporate insider to get rid of shares of his or her company, but just one, very clear reason why they would behave bullishly. Many empirical studies have demonstrated the useful potential of this tactic if you understand what to do (learn more here).

Keeping this in mind, it’s important to take a glance at the key action regarding Amicus Therapeutics, Inc. (NASDAQ:FOLD).

What does the smart money think about Amicus Therapeutics, Inc. (NASDAQ:FOLD)?

In preparation for this quarter, a total of 12 of the hedge funds we track were long in this stock, a change of 33% from the previous quarter. With the smart money’s capital changing hands, there exists a few notable hedge fund managers who were upping their stakes substantially.

According to our comprehensive database, William Leland Edwards’s Palo Alto Investors had the most valuable position in Amicus Therapeutics, Inc. (NASDAQ:FOLD), worth close to $15.2 million, comprising 1.8% of its total 13F portfolio. On Palo Alto Investors’s heels is Redmile Group, managed by Jeremy Green, which held a $6.3 million position; the fund has 1.2% of its 13F portfolio invested in the stock. Remaining peers that are bullish include Julian Baker and Felix Baker’s Baker Bros. Advisors, Richard Driehaus’s Driehaus Capital and Thomas Bailard’s Bailard Inc.

Consequently, key money managers were leading the bulls’ herd. Driehaus Capital, managed by Richard Driehaus, initiated the most valuable position in Amicus Therapeutics, Inc. (NASDAQ:FOLD). Driehaus Capital had 1.6 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also initiated a $1 million position during the quarter. The other funds with new positions in the stock are Andrew Spokes’s Farallon Capital, Jim Simons’s Renaissance Technologies, and Ken Griffin’s Citadel Investment Group.

How have insiders been trading Amicus Therapeutics, Inc. (NASDAQ:FOLD)?

Bullish insider trading is most useful when the company we’re looking at has seen transactions within the past half-year. Over the latest 180-day time period, Amicus Therapeutics, Inc. (NASDAQ:FOLD) has experienced 1 unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to Amicus Therapeutics, Inc. (NASDAQ:FOLD). These stocks are Cytokinetics, Inc. (NASDAQ:CYTK), ArQule, Inc. (NASDAQ:ARQL), ZIOPHARM Oncology Inc. (NASDAQ:ZIOP), Pain Therapeutics, Inc. (NASDAQ:PTIE), and BioDelivery Sciences International, Inc. (NASDAQ:BDSI). This group of stocks are the members of the biotechnology industry and their market caps are closest to FOLD’s market cap.

Page 1 of 2

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!