Another one of the funds we track here at Insider Monkey has made a big move into Tekmira Pharmaceuticals Corporation (NASDAQ:TKMR), as it was revealed in a filing that Richard Gerson and Navroz D. Udwadia’s Falcon Edge Capital has disclosed a 9.9% stake in the biotech company, reporting ownership of 2.22 million shares.
Falcon Edge Capital utilizes a long/short equity strategy, and invests in markets around the globe, with an emphasis on emerging markets. It was founded in 2012 by Gerson, who was a founding member of Blue Ridge Capital. As of September 30, 2014, the fund’s equity portfolio was valued at $1.55 billion. Their most valuable holdings included Spirit Aerosystems Holdings, Inc. (NYSE:SPR) with 3.35 million shares, Actavis plc (NYSE:ACT) (formerly Watson Pharmaceuticals) with 429,167 shares, and 480 shares of Warren Buffett’s Berkshire Hathaway Inc (BRK.A), which were valued at $206,900 each as of September 30, making Falcon Edge’s mere 480 shares worth over $93 million.
The disclosure by Falcon Edge of 2.22 million shares in Tekmira is remarkably similar to the disclosure of 2.21 million shares purchased by Peter Kolchinsky’s RA Capital Management, as we reported on just days ago. Both disclosures represented new positions in the company, and gave each hedge fund a 9.9% stake, though Falcon Edge owns 85,200 more shares. Both positions were also dated to January 12, the same day Tekmira Pharmaceuticals Corporation (NASDAQ:TKMR) announced a merger with OnCore Biopharma, with OnCore becoming a wholly-owned subsidiary of Tekmira.