What Makes Biogen (BIIB) an Attractive Long-Term Holding?
Patient Capital Management, a value investing firm, released its “Patient Opportunity Equity Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here.
| No. | Hedge Fund | Shares | Value | Activity | % Port |
|---|---|---|---|---|---|
| 1. | Sivik Global Healthcare Krishen Sud | 15,000 | $2,750 | -25% | 2.09% |
| 2. | Bayforest Capital Theodoros Tsagaris | 0 | $0 | 0% |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $195.04 | 3 | $585.11 | 19,611 | 2026-02-12 | Filing | |
| $122.72 | 1,235 | $151,559.20 | 27,842 | 2025-05-02 | Filing | |
| $222.54 | 455 | $101,255.70 | 20,629 | 2024-02-15 | Filing | |
| $267.00 | 898 | $239,766.00 | 2,943 | 2021-02-09 | Filing | |
| $241.31 | 3,100 | $748,046.74 | 34,810 | 2020-11-30 | Filing |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $199.83 | 2,660 | $531,547.80 | 8,043 | 2026-02-09 | Filing | |
| $179.30 | 748 | $134,116.40 | 6,271 | 2026-02-02 | Filing | |
| $133.55 | 517 | $69,045.35 | 5,772 | 2025-09-02 | Filing | |
| $135.00 | 2,223 | $300,105.00 | 6,330 | 2025-07-08 | Filing | |
| $126.25 | 3,806 | $480,507.50 | 5,427 | 2025-05-19 | Filing |
| No. | Name | Shares | Value | % Port |
|---|---|---|---|---|
| 1. | 571,571 | $104,786,111 | 1.11% | |
| 2. | 66,061 | $12,110,963 | 0.09% | |
| 3. | 50,923 | $9,335,714 | 0.1% | |
| 4. | 39,969 | $7,327,517 | 0.05% | |
| 5. | 62,530 | $6,653,428 | 0.01% |