BridgeBio Pharma Inc. (BBIO): Billionaire Tom Steyer Admires Upside Potential of This Stock

We just covered Billionaire Tom Steyer’s 10 Stock Picks with Huge Upside Potential and BridgeBio Pharma, Inc. (NASDAQ:BBIO) ranks 2nd on this list.

BridgeBio Pharma, Inc. (NASDAQ:BBIO) is a relatively recent addition to the 13F portfolio of Farallon Capital. The fund first disclosed a stake in the firm in the third quarter of 2024. This position comprised 1.7 million shares. In the months since then, the hedge fund has aggressively built up this holding. Filings for the fourth quarter of 2025 show that the fund owned 9 million shares in the firm, up close to 10% compared to filings for the previous quarter. The firm operates as a biopharmaceutical company that discovers, develops, and delivers medicines for patients with genetic diseases.

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BridgeBio Pharma, Inc. (NASDAQ:BBIO) has come in focus of elite investors since the commercial launch of Attruby for ATTR-CM, transthyretin amyloid cardiomyopathy. In the Q4 2025 earnings report, the company revealed a 35% quarter-over-quarter growth in net product revenue. Long-term data released in March showed a staggering 44.7% reduction in all-cause mortality through month 54. Hedge funds view this near-complete stabilization of the TTR protein as a significant competitive advantage over Pfizer’s legacy drug, Vyndamax. In January, BridgeBio successfully issued $632.5 million in convertible notes. This capital injection, combined with rising Attruby sales, gives the company a strong balance sheet to fund three simultaneous launches. Hedge funds prioritize companies that can scale without needing to constantly return to the equity markets for dilutive raises.

While we acknowledge the risk and potential of BBIO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BBIO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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