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2. PhenomeX Inc. (NASDAQ:CELL)

Number of Hedge Fund Investors in Q1 2023: 14

PhenomeX Inc. (NASDAQ:CELL) is another biotechnology firm. Its products enable researchers to understand cell function, and the firm’s systems have enabled researchers to identify antibodies to fight the Omicron coronavirus variant months before the outbreak.

14 of the 943 hedge funds profiled by Insider Monkey for their Q1 2023 shareholdings had bought a stake in the company. Out of these, PhenomeX Inc. (NASDAQ:CELL)’s largest shareholder is David Nierenberg’s Nierenberg Investment Management with a $4.7 million investment.

Follow Bruker Cellular Analysis Inc. (NASDAQ:CELL)