Hot Hedge Fund Activity: Shares of Gilead Science, Ligand Pharma and Mindray Medical

Wall St. Watchdog reveals information regarding Third Point’s top holdings in the Healthcare sector for the quarter ending September 30th, 2011. The firm held 3 stocks in the Healthcare sector at the end of the quarter with an aggregate market value of $62.697 million.

  • Gilead Sciences Inc. (NASDAQ:GILD): On 06/30/2011 reported holding 0 shares. On 09/30/2011 reported holding 1,200,000 shares with a market value of $46,559,999. This comprised 2.24% of the total portfolio. The net change in shares for this position over the two quarters is 1,200,000. About Company: Gilead Sciences, Inc. is a research-based biopharmaceutical company that discovers, develops, and commercializes therapeutics to advance the care of patients suffering from life-threatening diseases. The Company’s primary arees of focus include HIV/AIDS, liver disease and serious cardiovascular and respiratory conditions.
  • Ligand Pharmaceuticals Inc. (NASDAQ:LGND): On 06/30/2011 reported holding 705,016 shares with a market value of $8,424,941. This comprised 0.32% of the total portfolio. On 09/30/2011 reported holding 705,016 shares with a market value of $9,644,619. This comprised 0.46% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Ligand Pharmaceuticals Incorporated develops drugs which regulate hormone activated intracellular receptors. These receptors play a role in regulating the genetic processes affecting diseases such as gynecological disorders, certain cancers, as well as cardiovascular, inflammatory, and skin diseases.
  • Mindray Medical International Limited (NYSE:MR): On 06/30/2011 reported holding 0 shares. On 09/30/2011 reported holding 275,000 shares with a market value of $6,492,750. This comprised 0.31% of the total portfolio. The net change in shares for this position over the two quarters is 275,000. About Company: Mindray Medical International Limited develops, manufactures, and markets medical devices. The Company offers patient monitoring devices, diagnostic laboratory instruments, and ultrasound imaging systems.

(Note: Data regarding Third Point’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>