1. Twist Bioscience Corporation (NASDAQ:TWST)
Tao Capital’s Stake Value: $64,142,000
Percentage of Tao Capital’s 13F Portfolio: 19.59%
Number of Hedge Fund Holders: 16
Twist Bioscience Corporation (NASDAQ:TWST) is a synthetic biology company that designs and sells synthetic DNA-based products. The company manufactures advanced sequencing tools by rendering DNA as a digital medium to store data.
Tao Capital owns 828,815 shares of Twist Bioscience Corporation (NASDAQ:TWST) as per the securities filings for Q4 2021, worth $64.1 million, representing 19.59% of the total investments.
On February 4, Twist Bioscience Corporation (NASDAQ:TWST) posted its financial results for the fourth quarter of 2021. The company announced a loss per share of $0.96, beating estimates by $0.10. Revenue over the period jumped 49.21% year-over-year to $42.02 million, outperforming market consensus by $3.80 million.
Cowen analyst Steven Mah assumed coverage of Twist Bioscience Corporation (NASDAQ:TWST) on March 2 with an Outperform rating. He believes that the synthetic biology space is projected to grow to mid-double digit trillions by 2025.
According to the fourth quarter database of Insider Monkey, 16 hedge funds were long Twist Bioscience Corporation (NASDAQ:TWST), with collective stakes worth $564.7 million. Paul Marshall and Ian Wace’s Marshall Wace LLP is one of the leading shareholders of the company, with a position worth $97 million.
Here is what Baron Funds has to say about Twist Bioscience Corporation (NASDAQ:TWST) in its Q2 2021 investor letter:
“We initiated a position in Twist Bioscience Corporation, a provider of synthetic DNA. The company’s proprietary semiconductor-based platform has driven its position as the low-cost provider of DNA for a variety of high-growth applications. These include the attractive areas of synthetic biology, liquid biopsy, and antibody discovery. Of note, the antibody business has the potential to become a source of high-margin royalty streams in the future. As further optionality, we believe Twist has a shot at disrupting the entire digital data storage industry with DNA-based storage.”
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