In this article, we discuss the 4 stocks Masayoshi Son is selling in 2022. If you want to read our detailed analysis of Son’s stock picks and hedge fund history, go directly to Masayoshi Son is Selling These 9 Stocks in 2022.
4. Sana Biotechnology, Inc. (NASDAQ:SANA)
Number of Hedge Fund Holders: 11
Change in Stake: -100%
Masayoshi Son completely sold off his stake in Sana Biotechnology, Inc. (NASDAQ:SANA) during the first quarter. The Seattle-based firm develops engineered cells to be used as therapies for various diseases. It is developing the technology required to create cells that can replaced diseased cells in a body, and also repair cells that are impaired/damaged.
A study of the 912 hedge funds tracked by Insider Monkey at the end of March showed that 11 hedge funds held positions in Sana Biotechnology, Inc. (NASDAQ:SANA) with a collective price tag of $32.5 million. The same number of hedge funds reported owning stakes in the company a quarter ago as well.
Woodline Partners was the biggest shareholder of Sana Biotechnology, Inc. (NASDAQ:SANA) in Q1 2022, with a position worth $12.8 million. Famed quant investor Jim Simons’ Renaissance Technologies also held a $6.9 million stake in the company.
3. Revolution Healthcare Acquisition Corp. (NASDAQ:REVH)
Number of Hedge Fund Holders: N/A
Change in Stake: -100%
Revolution Healthcare Acquisition Corp. (NASDAQ:REVH) is a special purpose acquisition company (SPAC) operating with a focus on companies in the health care, life sciences, and technology industries. It provides services such as mergers, acquisitions, share purchase, and business reorganization.
SB Management disposed off the entirety of its position in Revolution Healthcare Acquisition Corp. (NASDAQ:REVH) during the first quarter, which consisted of 3 million shares in the quarter before.
2. Nerdy, Inc. (NYSE:NRDY)
Number of Hedge Fund Holders: 28
Change in Stake: -100%
Nerdy, Inc. (NYSE:NRDY) operates an online platform where students are connected with academic experts to receive online tutoring. Its flagship brand is Varsity Tutors, where users can enroll for a variety of online classes. SB Management completely exited its position in the company during the first quarter of 2022.
On May 17, Canaccord analyst Maria Ripps lowered the firm’s price target on Nerdy, Inc. (NYSE:NRDY) to $8 from $10 and maintained a ‘Buy’ rating on the company shares. She noted that despite near-term headwinds, the company’s decision to evolve towards a membership model should increase stability and enhance growth over time, giving it a platform to build into a large market opportunity.
For the quarter ending March, Nerdy, Inc. (NYSE:NRDY) posted revenue of $46.9 million, above estimates by roughly $219,000. The company disclosed earnings per share in-line with estimates.
As of the end of the first quarter of 2022, Nerdy, Inc. (NYSE:NRDY) stock was seen in the portfolios of 28 hedge funds, down from 3o in the previous quarter. The combined value of Q1 holdings stood at $169.1 million.
Baron Funds, an investment firm, talked about Nerdy, Inc. (NYSE:NRDY) in its Q4 2021 investor letter. The fund said:
“Nerdy Inc. operates a digital learning platform in the U.S. that provides live online tutoring in multiple formats, including one-on-one and small-to-large groups. The offering includes K-12 courses, college, professional, GMAT, SAT, and other prep. Though bookings for future classes remained healthy, many sessions were delayed from the fourth quarter as families opted to take longer holiday trips and kids resumed afterschool activities, making it more difficult to schedule tutoring, resulting in weaker-than-projected recognized revenues. Given near-term uncertainty, a short-term tax loss, and other investment opportunities, we chose to exit the position.”
1. Compute Health Acquisition Corp. (NYSE:CPUH)
Number of Hedge Fund Holders: N/A
Change in Stake: -100%
Compute Health Acquisition Corp. (NYSE:CPUH) acts as a special purpose acquisition company (SPAC) operating primarily in the healthcare sector, more specifically in the medical device space, including imaging and robotics.
Masayoshi Son’s SB Management sold off its stake in Compute Health Acquisition Corp. (NYSE:CPUH) during the first quarter, which stood at 4 million shares in the fourth quarter of 2021.
You can also take a peek at 15 Largest Distribution Companies In The World and 20 Largest European Companies By Market Cap.
