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Is Lion Biotechnologies Inc (LBIO) About to Roar?

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A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period that ended September 30, so let’s proceed with the discussion of the hedge fund sentiment on Lion Biotechnologies Inc (NASDAQ:LBIO).

Lion Biotechnologies Inc (NASDAQ:LBIO) investors should pay attention to an increase in support from the world’s most elite money managers recently, with there being a net total of 2 more hedge funds in our system long the stock. At the end of this article we will also compare LBIO to other stocks including REX American Resources Corp (NYSE:REX), Dorian LPG Ltd (NYSE:LPG), and Exar Corporation (NASDAQ:EXAR) to get a better sense of its popularity.

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What have hedge funds been doing with Lion Biotechnologies Inc (NASDAQ:LBIO)?

At Q3’s end, a total of 19 of the hedge funds tracked by Insider Monkey held long positions in this stock, a 12% rise from one quarter earlier. While ownership of the stock among hedgies has alternated between going up and down in recent quarters, the moves have been small in both directions. With the smart money’s capital changing hands, there exists an “upper tier” of notable hedge fund managers who were upping their holdings meaningfully (or already accumulated large positions).

HedgeFundSentimentChart

When looking at the institutional investors followed by Insider Monkey, venBio Select Advisor, managed by Behzad Aghazadeh, holds the biggest position in Lion Biotechnologies Inc (NASDAQ:LBIO). venBio Select Advisor has a $35 million position in the stock, comprising 6.1% of its 13F portfolio. On venBio Select Advisor’s heels is Perceptive Advisors, led by Joseph Edelman, holding a $29.4 million position; the fund has 1.9% of its 13F portfolio invested in the stock. Remaining hedge funds and institutional investors that are bullish include Samuel Isaly’s OrbiMed Advisors, Kevin Kotler’s Broadfin Capital and Alan Frazier’s Frazier Healthcare Partners.

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