This Biogen Idec Inc. (BIIB) Data is Screaming ‘Buy, Buy, Buy’

Page 1 of 2

Biogen Idec Inc. (NASDAQ:BIIB) investors: listen up.

To many market players, hedge funds are assumed to be overrated, old investment vehicles of a forgotten age. Although there are In excess of 8,000 hedge funds in operation in present day, this site focuses on the top tier of this club, about 525 funds. Analysts calculate that this group controls the majority of the hedge fund industry’s total assets, and by tracking their highest performing equity investments, we’ve come up with a number of investment strategies that have historically outstripped the broader indices. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points per annum for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have topped the S&P 500 index by 33 percentage points in 11 months (explore the details and some picks here).

Just as crucial, positive insider trading sentiment is a second way to look at the world of equities. Just as you’d expect, there are a variety of stimuli for a bullish insider to sell shares of his or her company, but just one, very clear reason why they would behave bullishly. Many academic studies have demonstrated the market-beating potential of this tactic if investors know what to do (learn more here).

Thus, let’s discuss the latest info about Biogen Idec Inc. (NASDAQ:BIIB).

Biogen Idec Inc (NASDAQ:BIIB)

Hedge fund activity in Biogen Idec Inc. (NASDAQ:BIIB)

At Q2′s end, a total of 49 of the hedge funds we track held long positions in this stock, a change of 63% from the first quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists an “upper tier” of notable hedge fund managers who were upping their holdings meaningfully.

Out of the hedge funds we follow, Renaissance Technologies, managed by Jim Simons, holds the most valuable position in Biogen Idec Inc. (NASDAQ:BIIB). Renaissance Technologies has a $299.9 million position in the stock, comprising 0.8% of its 13F portfolio. Coming in second is Columbus Circle Investors, managed by Donald Chiboucis, which held a $245.5 million position; the fund has 2% of its 13F portfolio invested in the stock. Other hedgies with similar optimism include Samuel Isaly’s OrbiMed Advisors, Andreas Halvorsen’s Viking Global and Phill Gross and Robert Atchinson’s Adage Capital Management.

As industrywide interest increased, particular hedge funds have been driving this bullishness. Renaissance Technologies, managed by Jim Simons, established the most outsized position in Biogen Idec Inc. (NASDAQ:BIIB). Renaissance Technologies had 299.9 million invested in the company at the end of the quarter. Donald Chiboucis’s Columbus Circle Investors also initiated a $245.5 million position during the quarter. The following funds were also among the new BIIB investors: Samuel Isaly’s OrbiMed Advisors, Andreas Halvorsen’s Viking Global, and Phill Gross and Robert Atchinson’s Adage Capital Management.

How have insiders been trading Biogen Idec Inc. (NASDAQ:BIIB)?

Insider buying is particularly usable when the primary stock in question has experienced transactions within the past 180 days. Over the last half-year time period, Biogen Idec Inc. (NASDAQ:BIIB) has experienced zero unique insiders buying, and 9 insider sales (see the details of insider trades here).

We’ll also take a look at the relationship between both of these indicators in other stocks similar to Biogen Idec Inc. (NASDAQ:BIIB). These stocks are Regeneron Pharmaceuticals Inc (NASDAQ:REGN), Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN), Amgen, Inc. (NASDAQ:AMGN), Gilead Sciences, Inc. (NASDAQ:GILD), and Celgene Corporation (NASDAQ:CELG). This group of stocks are the members of the biotechnology industry and their market caps match BIIB’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!