BIO ranks #1533 out of 37503 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
BIO is a top-conviction position for JNE Partners LLP — at 10.7% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in BIO belongs to First Eagle Investment Management, LLC, but the position matters far more to JNE Partners LLP, who has 10.7% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
Barclays PLC has added to its BIO position for two straight quarters, increasing it by $71.2M to reach $78.6M today.
Massachusetts Financial Services Co /ma/ has trimmed its BIO position for two straight quarters, cutting it by $118.7M while still holding $2.3M.
BIO is up 2% today, and institutions have been net buyers of $1.5B this quarter — today's price move and the underlying institutional flow are pointing the same direction.