5 Biotech Stocks to Sell Now According to Cathie Wood

3. RedHill Biopharma Ltd. (NASDAQ:RDHL)

Number of Hedge Fund Holders: 4 

Percentage Decrease in Stake in Q4: 100%     

RedHill Biopharma Ltd. (NASDAQ:RDHL) is a specialty biopharma firm. Elite hedge funds hold large stakes in the company. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Millennium Management is a leading shareholder in RedHill Biopharma Ltd. (NASDAQ:RDHL), with 175,058 shares worth more than $452,000. 

RedHill Biopharma Ltd. (NASDAQ:RDHL) had been featured in the ARK portfolio since the first quarter of 2018. In the first quarter of 2021, the company had nearly tripled its stake in the biopharma firm. However, this holding was sold off completely during the fourth quarter of 2021.