A recent filing with the US Securities and Exchange Commission showed that Wilmot B. Harkey and Daniel Mack‘s Nantahala Capital Management holds a long position in ArQule, Inc. (NASDAQ:ARQL). The 13G filing showed that Nantahala has amassed 9.67 million shares of ArQule, higher than the 5.91 million shares it disclosed in its latest 13F filing. Following the increase, Nantahala holds 13.4% of ArQule’s common stock.
ArQule, Inc. (NASDAQ:ARQL) shareholders have witnessed a decrease in support from the world’s most elite money managers lately. At the end of the fourth quarter, a total of nine of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -10% from one quarter earlier.
When looking at the institutional investors followed by Insider Monkey, First Eagle Investment Management holds the biggest position in ArQule, Inc. (NASDAQ:ARQL). First Eagle Investment Management has a $18.9 million position in the stock, comprising less than 0.1%% of its 13F portfolio. The second largest stake is held by Biotechnology Value Fund / BVF Inc, led by Mark Lampert, holding a $14.8 million position; the fund has 2.5% of its 13F portfolio invested in the stock. Other professional money managers that are bullish contain Wilmot B. Harkey and Daniel Mack’s Nantahala Capital Management, Jim Simons’ Renaissance Technologies and D. E. Shaw’s D E Shaw.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|Nantahala Capital Management||0||9,668,880||0||9,668,880||9,668,880||13.4%|
|Wilmot B. Harkey(||0||9,668,880||0||9,668,880||9,668,880||13.4%|
Page 1 of 7 SEC Filing
Under the Securities
Exchange Act of 1934
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February 29, 2016
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