According to a recent 13D filing with the SEC, John A. Levin‘s Levin Capital Strategies has increased its stake in Fluidigm Corp (NASDAQ:FLDM) to 7.32 million common shares, which account for 25.2% of the company’s outstanding stock. The fund’s stake has been raised from 5.69 million shares, which accounted for 19.6% of the float, as per its previous 13G filing on the company, dated September 30. While the latest filing was on a Form 13D, the fund has not gone activist on the stock, maintaining that its investment remains passive and that its 20% stake necessitated filing a 13D.
Fluidigm Corporation is a company that manufactures new technologies for biological research purposes. Since the beginning of the year, the company’s stock has lost 57.45%. For the second quarter of 2016, Fluidigm disclosed a loss per share of $0.64 and revenue of $28.2 million, worse results than the loss per share of $0.53 and revenue of $28.6 million that it pulled in for the same quarter of the previous year. Recently, Cantor Fitzgerald reiterated its ‘Buy’ rating on Fluidigm Corporation’s stock but lowered its price target on it to $9 from $11.
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12 investors from within Insider Monkey’s database reported holding long positions in Fluidigm Corp (NASDAQ:FLDM) as of the end of June, down from 14 hedge funds at the end of March. Among the bullish smart money managers of the stock were Jim Simons’ Renaissance Technologies, which held a position valued at $2.35 million, Brian Ashford-Russell and Tim Woolley’s Polar Capital, with a $489,000 position, and Samuel Isaly’s OrbiMed Advisors.
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Investors who lost enthusiasm for investing in Fluidigm Corp (NASDAQ:FLDM) and cut their positions during the second quarter encompassed Hal Mintz’s Sabby Capital, which said goodbye to a $1.3 million position, Michael Vranos’ Ellington, which sold a position valued at $171,000 at the end of March, Paul Marshall and Ian Wace’s Marshall Wace LLP, and Ken Griffin’s Citadel Investment Group.
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 |
|---|---|---|---|---|---|---|
| Levin Capital Strategies | 0 | 5,478,118 | 0 | 7,317,390 | 7,317,390 | 25.2% |
| Levin Capital Strategies GP | 0 | 5,478,118 | 0 | 7,317,390 | 7,317,390 | 25.2% |
| Levin Capital Trilogy Master Fund, Ltd | 0 | 51,068 | 0 | 51,068 | 51,068 | Less than 1% |
| LCS | 0 | 51,068 | 0 | 51,068 | 51,068 | Less than 1% |
| Levcap Alternative Fund | 0 | 22,453 | 0 | 22,453 | 22,453 | Less than 1% |
| LCS Event Partners | 0 | 22,453 | 0 | 22,453 | 22,453 | Less than 1% |
| Safinia Partners | 0 | 9,252 | 0 | 9,252 | 9,252 | Less than 1% |
| LCS L S | 0 | 9,252 | 0 | 9,252 | 9,252 | Less than 1% |
| John A. Levin | 0 | 5,478,118 | 0 | 7,317,390 | 7,317,390 | 25.2% |
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Page 1 of 20 – SEC Filing
(Name, Address and Telephone Number of Person
