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Hedge fund interest in Inovio Pharmaceuticals Inc shares was flat at the end of last quarter. This is usually a negative indicator. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity, but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Zumiez Inc. (NASDAQ:ZUMZ), State National Companies Inc (NASDAQ:SNC), and Infinity Pharmaceuticals Inc. (NASDAQ:INFI) to gather more data points.
Follow Inovio Pharmaceuticals Inc. (NASDAQ:INO)
Follow Inovio Pharmaceuticals Inc. (NASDAQ:INO)
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Now, we’re going to analyze the fresh action surrounding Inovio Pharmaceuticals Inc (NASDAQ:INO).
What have hedge funds been doing with Inovio Pharmaceuticals Inc (NASDAQ:INO)?
At the end of the third quarter, a total of 7 of the hedge funds tracked by Insider Monkey held long positions in this stock, unchanged from the previous quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were increasing their holdings considerably (or already accumulated large positions).
According to Insider Monkey’s hedge fund database, Sabby Capital, managed by Hal Mintz, holds the largest position in Inovio Pharmaceuticals Inc (NASDAQ:INO). The fund has reported a $4.3 million position in the stock, comprising 0.2% of its 13F portfolio. The second largest stake is held by Citadel Investment Group, managed by Ken Griffin, which holds a $2.4 million stake; less than 0.1% of its 13F portfolio is allocated to the stock. Remaining professional money managers with similar optimism comprise Israel Englander’s Millennium Management and Glenn Russell Dubin’s Highbridge Capital Management.
