Here is What Hedge Funds Think About DBV Technologies SA – ADR (DBVT)

Consequently, key money managers were breaking ground themselves. Redmile Group, managed by Jeremy Green, created the biggest position in DBV Technologies SA – ADR (NASDAQ:DBVT). Redmile Group had $19 million invested in the company at the end of the quarter. Christopher James’s Partner Fund Management also made a $9.8 million investment in the stock during the quarter. The other funds with brand new DBVT positions are Kyle Bass’s Hayman Advisors, Richard Driehaus’s Driehaus Capital, and Brad Farber’s Atika Capital.

Let’s now review hedge fund activity in other stocks similar to DBV Technologies SA – ADR (NASDAQ:DBVT). We will take a look at Coherent, Inc. (NASDAQ:COHR), Genesco Inc. (NYSE:GCO), Himax Technologies, Inc. (ADR) (NASDAQ:HIMX), and CoreSite Realty Corp (NYSE:COR). This group of stocks’ market caps match DBVT’s market cap.

As you can see these stocks had an average of 12.5 hedge funds with bullish positions and the average amount invested in these stocks was $90 million. That figure was $344 million in DBVT’s case. Coherent, Inc. (NASDAQ:COHR) is the most popular stock in this table. On the other hand CoreSite Realty Corp (NYSE:COR) is the least popular one with only 10 bullish hedge fund positions. Compared to the other stocks, DBV Technologies SA – ADR (NASDAQ:DBVT) is the most popular stock in this group and that signal makes DBVT worth a closer look.