According to a recent 13G filing with the US Securities and Exchange Commission, Mark Lampert‘s Biotechnology Value Fund L. P. owns 2.84 million common shares of Blueprint Medicines Corp (NASDAQ:BPMC), which amass 10.4% of the company’s outstanding stock. This is slightly more compared to 2.28 million shares Biotechnology Value Fund L. P. held in December, as reported in a previous filing.
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Blueprint Medicines Corporation is a biopharmaceutical company that focuses on helping people suffering from genomically defined diseases driven by abnormal kinase activation. Over the past 12 months, the company’s shares have dropped by 18.51%. In March, a number of analysts updated their outlook on Blueprint Medicines Corporation’s stock, including JPMorgan Chase & Co., which lowered the price target to $37.00 from $54.00, while reporting “market outperform” rating. Blueprint Medicines Corporation is scheduled to report its financial results for the last quarter on May 10 and analysts project a loss of $0.70 per share on revenue of $3.24 million.
The number of long hedge fund positions, among those followed by Insider Monkey, in this stock has dropped by 1 recently. At the end of the third quarter of 2015, there were 14 hedge funds bullish on this stock, whereas at the end of the fourth quarter of 2015 there were 13 interested investors. At the end of December, Mark Lampert’s Biotechnology Value Fund L.P. reported the biggest position, worth around $60 million, and the second most bullish fund manager was Jacob Gottlieb of Visium Asset Management with a position worth about $26.9 million. Other hedge funds that have reported long positions in this stock are Christopher Medlock James’s Partner Fund Management, Peter Kolchinsky’s RA Capital Management, and Richard Driehaus’s Driehaus Capital.
Investors who lost interest in this stock and cut off their positions are Hal Mintz’s Sabby Capital, which dumped around $6.6 million in stock, and Israel Englander’s Millennium Management, which dropped a position worth around $0.7 million.
You can access the original SEC filing by clicking here.
Ownership Summary Table
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
Biotechnology Value Trading Fund OS | 0 | 170,320 | 0 | 170,320 | 170,320 | Less than 1% |
BVF Partners OS Ltd | 0 | 170,320 | 0 | 170,320 | 170,320 | Less than 1% |
BVF Partners | 0 | 2,840,251 | 0 | 2,840,251 | 2,840,251 | 10.4% |
BVF Inc | 0 | 2,840,251 | 0 | 2,840,251 | 2,840,251 | 10.4% |
Mark N. Lampert | 0 | 2,840,251 | 0 | 2,840,251 | 2,840,251 | 10.4% |
Page 1 of 11 – SEC Filing
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
Blueprint Medicines Corporation |
(Name of Issuer) |
Common Stock, $0.001 par value |
(Title of Class of Securities) |
09627Y109 |
(CUSIP Number) |
April 29, 2016 |
(Date of Event Which Requires Filing of this Statement) |
o | Rule 13d-1(b) |
x | Rule 13d-1(c) |
o | Rule 13d-1(d) |
_______________
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Page 2 of 11 – SEC Filing
1 | NAME OF REPORTING PERSON Biotechnology Value Trading Fund OS LP | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) x (b) o | |
3 | SEC USE ONLY | ||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 0 shares | |
6 | SHARED VOTING POWER 170,320 | ||
7 | SOLE DISPOSITIVE POWER 0 shares | ||
8 | SHARED DISPOSITIVE POWER 170,320 | ||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 170,320 | ||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ | |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Less than 1% | ||
12 | TYPE OF REPORTING PERSON PN |
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Page 3 of 11 – SEC Filing
1 | NAME OF REPORTING PERSON BVF Partners L.P. | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) x (b) o | |
3 | SEC USE ONLY | ||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 0 shares | |
6 | SHARED VOTING POWER 2,840,251 | ||
7 | SOLE DISPOSITIVE POWER 0 shares | ||
8 | SHARED DISPOSITIVE POWER 2,840,251 | ||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,840,251 | ||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ | |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.4% | ||
12 | TYPE OF REPORTING PERSON PN, IA |
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Page 4 of 11 – SEC Filing
1 | NAME OF REPORTING PERSON BVF Inc. | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) x (b) o | |
3 | SEC USE ONLY | ||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 0 shares | |
6 | SHARED VOTING POWER 2,840,251 | ||
7 | SOLE DISPOSITIVE POWER 0 shares | ||
8 | SHARED DISPOSITIVE POWER 2,840,251 | ||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,840,251 | ||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ | |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.4% | ||
12 | TYPE OF REPORTING PERSON CO |
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Page 5 of 11 – SEC Filing
1 | NAME OF REPORTING PERSON Mark N. Lampert | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) x (b) o | |
3 | SEC USE ONLY | ||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION United States | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 0 shares | |
6 | SHARED VOTING POWER 2,840,251 | ||
7 | SOLE DISPOSITIVE POWER 0 shares | ||
8 | SHARED DISPOSITIVE POWER 2,840,251 | ||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,840,251 | ||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ | |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.4% | ||
12 | TYPE OF REPORTING PERSON IN |
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Page 6 of 11 – SEC Filing
Item 1(a). | Name of Issuer: |
Item 1(b). | Address of Issuer’s Principal Executive Offices: |
Item 2(a). | Name of Person Filing |
Item 2(b). | Address of Principal Business Office or, if None, Residence |
Item 2(c). | Citizenship |
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Page 7 of 11 – SEC Filing
Item 2(d). | Title of Class of Securities: |
Item 2(e). | CUSIP Number: |
Item 3. | If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: |
| /x/ | Not applicable. |
| (a) | / / | Broker or dealer registered under Section 15 of the Exchange Act. |
| (b) | / / | Bank as defined in Section 3(a)(6) of the Exchange Act. |
| (c) | / / | Insurance company as defined in Section 3(a)(19) of the Exchange Act. |
| (d) | / / | Investment company registered under Section 8 of the Investment Company Act. |
| (e) | / / | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E). |
| (f) | / / | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). |
| (g) | / / | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G). |
| (h) | / / | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. |
| (i) | / / | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act. |
| (j) | / / | Group, in accordance with Rule 13d-1(b)(1)(ii)(J). |
| (k) | / / | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____ |
Item 4. | Ownership |
| (a) | Amount beneficially owned: |
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Page 8 of 11 – SEC Filing
| (b) | Percent of class: |
| (c) | Number of shares as to which such person has: |
| (i) | Sole power to vote or to direct the vote |
| (ii) | Shared power to vote or to direct the vote |
| (iii) | Sole power to dispose or to direct the disposition of |
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Page 9 of 11 – SEC Filing
| (iv) | Shared power to dispose or to direct the disposition of |
Item 5. | Ownership of Five Percent or Less of a Class. |
Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
Item 7. | Identification and Classification of the Subsidiary That Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
Item 8. | Identification and Classification of Members of the Group. |
Item 9. | Notice of Dissolution of Group. |
Item 10. | Certifications. |
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Page 10 of 11 – SEC Filing
BIOTECHNOLOGY VALUE FUND, L.P. | ||||
BVF INC. | ||||
By: | BVF Partners L.P., its general partner | |||
By: | BVF Inc., its general partner | By: | /s/ Mark N. Lampert | |
Mark N. Lampert | ||||
By: | /s/ Mark N. Lampert | President | ||
Mark N. Lampert | ||||
President | ||||
MARK N. LAMPERT | ||||
BIOTECHNOLOGY VALUE FUND II, L.P. | ||||
By: | BVF Partners L.P., its general partner | |||
By: | BVF Inc., its general partner | /s/ Mark N. Lampert | ||
By: | /s/ Mark N. Lampert | |||
Mark N. Lampert | ||||
President | ||||
BVF PARTNERS L.P. | ||||
By: | BVF Inc., its general partner | |||
By: | /s/ Mark N. Lampert | |||
Mark N. Lampert | ||||
President |
BVF PARTNERS OS LTD. | |
By: | BVF Partners L.P., its sole member |
By: | BVF Inc., its general partner |
| |
By: | /s/ Mark N. Lampert |
Mark N. Lampert | |
President | |
BIOTECHNOLOGY VALUE TRADING FUND OS LP | |
By: | BVF Partners L.P., its investment manager |
By: | BVF Inc., its general partner |
| |
By: | /s/ Mark N. Lampert |
Mark N. Lampert | |
President |