Japanese Billionaire Masayoshi Son’s Investments: Top 5 Stock Picks

1. Pacific Biosciences of California, Inc. (NASDAQ:PACB)

SB Management’s holdings: $208 million

Percentage of SB Management’s Portfolio: 21.35%

Number of Hedge Fund Holders: 27

Pacific Biosciences of California, Inc. (NASDAQ:PACB) is a gene sequencing system designer and manufacturer based in the United States. It was incorporated in 2000 and is headquartered in Menlo Park, California.

Mr. Son’s SB Management held 8.1 million Pacific Biosciences of California, Inc. (NASDAQ:PACB) shares by the end of the previous (Q3 2021) quarter, which were worth $208 million and represented 21.35% of the firm’s portfolio. Out of the 867 hedge funds surveyed by Insider Monkey during the same time period, 27 held a stake in the company.

Pacific Biosciences of California, Inc. (NASDAQ:PACB) reported $34.8 million in revenue and $0.08 in GAAP EPS for its third quarter, beating analyst estimates on both counts. Canaccord set a $45 price target for the company in a September 2021 analyst note which highlighted that not only did Pacific Biosciences of California, Inc. (NASDAQ:PACB)’s machines provide highly accurate results, but that these were also heavily differentiated from its peers’ offerings.

Pacific Biosciences of California, Inc. (NASDAQ:PACB)’s largest shareholder is Catherine D. Wood’s ARK Investment Management who holds 22.7 million shares worth $580 million.

In its Q2 2021 investor letter, DEVON Equity Management mentioned California, Inc. (NASDAQ:PACB). It outlined that:

“As a final word on Sequencing – we established a position in Pacific Biosciences (PACB US) during the quarter. Pac Bio are the leader in Long Read Sequencing (Illumina are dominant in Short Read). The Long Read market is far less developed than short read, but our continued research into the genomic sequencing field increased our confidence in the commercial viability for Long Read Sequencing in the coming years. We will discuss the investment case for Pac Bio in more detail in a future letter.”

You can also take a peek at the 10 Stocks Cathie Wood Is Selling and 15 Best Financial Stocks to Buy Now.

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