1. Twist Bioscience Corporation (NASDAQ: TWST)
Pritzker’s Stake Value: $102,658,000
Percentage of Nicholas J. Pritzker’s 13F Portfolio: 29.64%
Number of Hedge Fund Holders: 24
Twist Bioscience Corporation (NASDAQ: TWST) is a synthetic biology company that creates and sells synthetic DNA products headquartered in South San Francisco, California. The company was founded in 2013 and is placed first on the list of 8 best stocks to buy according to billionaire Nicholas J. Pritzker.
On June 29, William Blair analyst Matt Larew initiated a coverage on Twist Bioscience with an “Outperform” rating. On June 14, Twist Bioscience Corporation (NASDAQ: TWST) made public its partnership with Regeneron Genetics Center, a Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) company, to develop a unique next-generation sequencing population genetics genotyping test. The assay intends to help researchers learn more about disease causes, find new medication targets, and speed up drug development.
Tao Capital holds 828,815 shares in Twist Bioscience Corporation (NASDAQ: TWST), worth over $102 million, representing 29.64% of their portfolio. The hedge fund has trimmed stakes in the firm by 25% in the past few months. At the end of the first quarter of 2021, 24 hedge funds in the database of Insider Monkey held stakes worth $1.115 billion in Twist Bioscience, up from 23 the preceding quarter worth $1.39 billion.
Perpetual Limited, in its second-quarter 2021 investor letter, mentioned Twist Bioscience Corporation (NASDAQ: TWST). Here is what the fund said:
“Twist Bioscience was the second biggest contributor during the quarter and the biggest contributor over the financial year. This was a position we actually exited in the March quarter at $192.50, a price we felt didn’t offer compelling value. We were lucky that Twist got caught up in the broader sell-off of high growth stocks earlier this year, giving us the opportunity to re-enter the position in May and June at an average price of $97.61. Often volatility works in your favour if you’re an active investor with the capability to act on the new opportunities being created by the market every day.
While Twist was the biggest contributor to fund performance over the year, it contributed just 12% of the fund’s return, with 88% of the fund’s return coming from other stocks. This is by design as what we’re aiming to do is build a portfolio containing a large number of high-returning but hopefully uncorrelated ideas. We think this is the best way to build a portfolio that’s both high-returning and resilient.”
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