Arthur B Cohen and Joseph Healey‘s HealthCor Management has filed a 13G with the Securities and Exchange Commission, disclosing its position in Clovis Oncology Inc (NASDAQ:CLVS). The filing showed that Healthcor owns 2.0 million shares of Clovis Oncology, which represent around 5.21% of the company’s outstanding common stock. This compares with the position of 1.53 million shares of Clovis that HealthCor reported in its 13F filing for the end of the last quarter. The fund initiated the position during the last three months of 2015.
However, Clovis Oncology has experienced a decrease in support from the world’s most elite money managers in the fourth quarter. At Q4’s end, a total of 24 of the hedge funds tracked by Insider Monkey held long positions in this stock, down by seven funds over the quarter. When looking at the institutional investors followed by Insider Monkey, Palo Alto Investors, managed by William Leland Edwards, holds the number one position in Clovis Oncology Inc (NASDAQ:CLVS), valued at $124.2 million at the end of 2015. The second largest stake is held by Point State Capital, led by Zach Schreiber, with a $122.6 million position.
Because Clovis Oncology Inc (NASDAQ:CLVS) has witnessed a declination in interest from the smart money, it’s safe to say that there were a few hedge funds that decided to sell off their entire stakes in the third quarter. Interestingly, Andreas Halvorsen’s Viking Global sold off the largest position of all the hedgies followed by Insider Monkey, comprising close to $76.9 million in stock, and Julian Baker and Felix Baker’s Baker Bros. Advisors was right behind this move, as the fund sold off about $18.6 million worth of shares.
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|
|HealthCor Offshore Master Fund||0||1,371,065||0||1,371,065||1,371,065||3.57%|
|HealthCor Offshore GP||0||1,371,065||0||1,371,065||1,371,065||3.57%|
|HealthCor Sanatate Offshore Master Fund||0||628,935||0||628,935||628,935||1.64%|
|HealthCor Offshore II GP||0||628,935||0||628,935||628,935||1.64%|
Page 1 of 15 SEC Filing
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
INFORMATION TO BE INCLUDED IN STATEMENTS
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS
PURSUANT TO RULE 13d-2
Clovis Oncology, Inc.
(Name of Issuer)
Common Stock, $.001 Par Value Per Share
(Title of Class of Securities)
(Date of Event Which Requires Filing of
Check the appropriate box to designate the
rule pursuant to which this Schedule is filed:
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of the Act (however, see the Notes).