1. Roivant Sciences Ltd. (NASDAQ:ROIV)
Number of Hedge Fund Holders: 44
Cash and Cash Equivalents as of December 31, 2024: $6,535,706,000
Roivant Sciences Ltd. (NASDAQ:ROIV) is a biopharmaceutical company focused on developing and bringing medicines to market, especially for inflammation and immune-related diseases. Looking ahead, 2025 and 2026 will be crucial years for Roivant. The company expects to release multiple drug trial results in 2025, including key studies for batoclimab and brepocitinib. Additionally, it plans to launch 10 new clinical trials for IMVT-1402 by early 2026, further expanding its focus on autoimmune treatments. It is one of the best cash rich stocks to monitor.
Roivant Sciences Ltd. (NASDAQ:ROIV) reported $5.2 billion in cash at the end of 2024, strengthening its ability to invest in drug development. In January 2025, it received an additional $75 million after its skin treatment VTAMA was approved for atopic dermatitis. Roivant’s subsidiary, Immunovant, also raised $450 million in private funding, increasing Roivant’s ownership in the company to 57%. Moreover, the company is engaged in a legal battle with Moderna over technology rights, specifically involving lipid nanoparticle delivery systems. The case is progressing, with a jury trial set for September 2025. The outcome could have financial and strategic implications for ROIV.
According to Insider Monkey’s Q4 database, 44 hedge funds reported owning stakes in Roivant Sciences Ltd. (NASDAQ:ROIV), compared to 50 funds in the prior quarter. Andreas Halvorsen’s Viking Global was one of the top stakeholders of the company, with a position worth $565.6 million.
Overall, Roivant Sciences Ltd. (NASDAQ:ROIV) ranks first on our list of the best cash-rich mid cap stocks to buy. While we acknowledge the potential of ROIV to grow, our conviction lies in the belief that certain 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 ROIV but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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