The majority of hedge funds and other top money managers tend to have a long-term focus when they make investments. This means that retail investors can safely mimic the moves of these top investors, knowing that they haven’t missed the boat and missed out on the stock’s expected future gains. That’s why each quarter, we provide the latest ownership figures and trends among top investors, so that retail investors can judge which stocks may be primed for big future returns.
In this article we’ll take a look at the portfolio of
It should be noted that the actual returns of the fund could be quite different than what we calculated, as not all of a hedge fund’s investments are necessarily reported on their Form 13F filings, including short positions, which are not required to be disclosed like long positions are. A fund’s long portfolio could also undergo changes throughout the quarter, while our returns are based on the positions as held on June 30. This is particularly true of Consonance Capital, as it tends to have a fairly high level of turnover in its healthcare-focused portfolio each quarter.
With that out of the way, let’s move on to checking out five of Consonance Capital’s favorite stocks as of June 30.
First up is Mallinckrodt PLC (NYSE: