Who’s Betting On Gilead Sciences, Inc. (GILD)?

Gilead Sciences, Inc. (NASDAQ:GILD) has seen an increase in sentiment from one key group of investors lately. Let’s take a look at the details.

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Keeping this in mind, it’s important to study the newest info surrounding Gilead Sciences, Inc. (NASDAQ:GILD).

How have hedgies been trading Gilead Sciences, Inc. (NASDAQ:GILD)?

At the end of the second quarter, a total of 75 of the hedge funds we track were long in this stock, a change of 19% from one quarter earlier. With hedgies’ capital changing hands, there exists a select group of notable hedge fund managers who were upping their holdings substantially.

When using filings from the hedgies we track, HBK Investments, managed by David Costen Haley, holds the largest position in Gilead Sciences, Inc. (NASDAQ:GILD). HBK Investments has a $381.4 million position in the stock, comprising 6.4% of its 13F portfolio. On HBK Investments’s heels is Partner Fund Management, managed by Christopher Medlock James, which held a $356.6 million position; 7.4% of its 13F portfolio is allocated to the company. Remaining hedge funds that hold long positions include Donald Chiboucis’s Columbus Circle Investors, Phill Gross and Robert Atchinson’s Adage Capital Management and Samuel Isaly’s OrbiMed Advisors.

With a general bullishness amongst the titans, certain bigger names have been driving this bullishness. HBK Investments, managed by David Costen Haley, assembled the most outsized position in Gilead Sciences, Inc. (NASDAQ:GILD). HBK Investments had 381.4 million invested in the company at the end of the quarter. Christopher MedlockáJames’s Partner Fund Management also initiated a $356.6 million position during the quarter. The other funds with brand new GILD positions are Donald Chiboucis’s Columbus Circle Investors, Phill Gross and Robert Atchinson’s Adage Capital Management, and Samuel Isaly’s OrbiMed Advisors.

What do corporate executives and insiders think about Gilead Sciences, Inc. (NASDAQ:GILD)?

Insider buying made by high-level executives is best served when the company in question has seen transactions within the past 180 days. Over the latest 180-day time frame, Gilead Sciences, Inc. (NASDAQ:GILD) has seen 1 unique insiders buying, and 6 insider sales (see the details of insider trades here).

We’ll check out the relationship between both of these indicators in other stocks similar to Gilead Sciences, Inc. (NASDAQ:GILD). These stocks are Regeneron Pharmaceuticals Inc (NASDAQ:REGN), Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN), Biogen Idec Inc. (NASDAQ:BIIB), Celgene Corporation (NASDAQ:CELG), and Amgen, Inc. (NASDAQ:AMGN). This group of stocks are the members of the biotechnology industry and their market caps match GILD’s market cap.

Using the results explained by our research, regular investors should always keep one eye on hedge fund and insider trading sentiment, and Gilead Sciences, Inc. (NASDAQ:GILD) is an important part of this process.

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