3. Perrigo Company Public Limited Company (NYSE:PRGO)
- Billionaires with Long Positions (as of June 30): 15
- Aggregate Value of Billionaires’ Holdings (as of June 30): $1.93 Billion
Perrigo Company Public Limited Company (NYSE:PRGO) received quite a lot of attention and a strong vote of confidence from billionaires during the second quarter. 11 more billionaires had the stock in their portfolios at the end of the second quarter compared to the prior one. Similarly, the value of the money invested by billionaires in the stock was boosted by $1.70 billion during that period. Mylan NV (NASDAQ:MYL), another healthcare stock we will be discussing later on in the article, launched a tender offer earlier this week in an attempt to take control over Perrigo, whereas the target company urged its shareholder to reject the $27.4 billion offer, which is said to underestimate the company’s value. Kyle Bass of Hayman Advisors, who believes that the masses overlook China’s real problem, added an 836,593-share position in Perrigo Company Public Limited Company (NYSE:PRGO) to his portfolio during the latest quarter.
2. Mylan NV (NASDAQ:MYL)
- Billionaires with Long Positions (as of June 30): 16
- Aggregate Value of Billionaires’ Holdings (as of June 30): $2.38 Billion
We will now take a look at the aforementioned bidder, which is also very popular among billionaires. The number of billionaires invested in Mylan NV (NASDAQ:MYL) increased by ten during the second quarter, while the value of their investments increased by $1.29 billion over this period. As already mentioned, the Netherlands-based Mylan has been attempting to take over Perrigo, and offered $75 in cash and 2.3 of its shares for each share of the target company. Mylan’s stock performance has been disappointing lately, and its shares have lost over 12% since the beginning of the year. Jamie Zimmerman’s Litespeed Management acquired a new stake in Mylan NV in the second quarter, consisting of 425,000 shares.
1. Allergan PLC (NYSE:AGN)
- Billionaires with Long Positions (as of June 30): 24
- Aggregate Value of Billionaires’ Holdings (as of June 30): $10.78 Billion
Allergan PLC (NYSE:AGN) is not only the most popular healthcare stock among the billionaires observed by our team, but also represents the most popular stock across all industries and sectors. Nevertheless, the number of billionaires with long positions in Allergan shrank during the quarter by two, whereas the value of these positions increased by $259.16 million. Allergan also represents the most popular stock among the hedge funds tracked by Insider Monkey, with 151 investors owning the stock at the end of the second quarter (read more details here). At the same time, the shares of what is now Allergan have had a wild run over the last decade or so, delivering a return of over 778% over the past ten-year period. This year has not been bad either, as the shares have advanced by 18% year-to-date. Paulson & Co, started by John Paulson, is among the largest equity holders of Allergan PLC (NYSE:AGN) within our database, owning 7.17 million shares as of June 30.
Disclosure: None
