Visium Asset Management Adds NephroGenex Inc (NRX) and Ignyta Inc (RXDX) to its Equity Portfolio

Visium Asset Management, led by Jacob Gottlieb, has added NephroGenex Inc (NASDAQ:NRX) and Ignyta Inc (OTCBB:RXDX) to its equity portfolio. According to a filing with the Securities and Exchange Commission, Jacob Gottlieb’s fund holds around 476,491 shares of NephroGenex, the passive stake amassing 5.4% of the common stock.

NephroGenex

NephroGenex Inc (NASDAQ:NRX) is a drug development company that focuses on novel therapies for kidney disease. The company went public last week, issuing 3.1 million shares at a price of $12 apiece. A 45-day option to purchase an additional amount of 465,000 shares has also been granted to the underwriters.

Last week, directors R. Robert Seltzer, Richard Markham and Llc Iii Capital Care, each purchased 790,000 shares of NephroGenex Inc (NASDAQ:NRX) and now own 4.24 million shares individually.

In the second filing, Visium Asset Management reported ownership of 833,300 shares of Ignyta Inc (OTCBB:RXDX). Currently the position amasses around 6.2% of the company’s common stock.

In the fourth quarter of last year, Visium Asset Management, revealed boosting its position in Zogenix, Inc. (NASDAQ:ZGNX) to 8.9 million shares, from 1.7 million held at the end of the previous quarter, the fund revealed owning 9.11 million shares of Zogenix, Inc. at the end of the fourth quarter. Jacob Gottlieb also upped its stake in QLT Inc. (USA) (NASDAQ:QLTI) to 3.5 million shares, from 2.0 million shares held earlier.

Allergan, Inc. (NYSE:AGN), stands on the first spot in Jacob Gottlieb’s equity portfolio, where the fund has invested 5.77% of its equity portfolio amassing 2.65 million shares. The fund also initiated a position in Watson Pharmaceuticals Inc (WPI) in the fourth quarter and now owns 1.46 million shares, worth $245.69 million.

Disclosure: none

Recommended Reading:

Corvex Capital Exercises Options and Reiterates Stake in Signet Jewelers Limited (SIG)

Carl Wiese’s Grow Partners Top Picks in Q4

York Capital Management’s Top Q4 Holdings

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

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

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

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

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

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!