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SciClone Pharmaceuticals, Inc. (NASDAQ:SCLN) has seen an increase in hedge fund interest in recent months. There were 14 hedge funds in our database with SCLN positions at the end of the previous quarter. At the end of this article we will also compare SCLN to other stocks including Triangle Capital Corporation (NYSE:TCAP), United Financial Bancorp, Inc. (NASDAQ:UBNK), and AeroVironment, Inc. (NASDAQ:AVAV) to get a better sense of its popularity.
Follow Sciclone Pharmaceuticals Inc (NASDAQ:SCLN)
Follow Sciclone Pharmaceuticals Inc (NASDAQ:SCLN)
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Keeping this in mind, we’re going to take a gander at the fresh action regarding SciClone Pharmaceuticals, Inc. (NASDAQ:SCLN).
What does the smart money think about SciClone Pharmaceuticals, Inc. (NASDAQ:SCLN)?
At the end of the third quarter, a total of 20 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 43% from the second quarter of 2016. On the other hand, there were a total of 16 hedge funds with a bullish position in SCLN at the beginning of this year. So, let’s check out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
According to Insider Monkey’s hedge fund database, Nantahala Capital Management, led by Wilmot B. Harkey and Daniel Mack, holds the largest position in SciClone Pharmaceuticals, Inc. (NASDAQ:SCLN). Nantahala Capital Management has a $18.1 million position in the stock, comprising 2.2% of its 13F portfolio. The second largest stake is held by Renaissance Technologies, led by Jim Simons, holding a $14.2 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Some other members of the smart money that are bullish consist of Cliff Asness’s AQR Capital Management, Ernest Chow and Jonathan Howe’s Sensato Capital Management and D. E. Shaw’s D E Shaw. We should note that two of these hedge funds (Nantahala Capital Management and Sensato Capital Management) are among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.