What have hedge funds been doing with Dendreon Corporation (NASDAQ:DNDN)?
At year's end, a total of 12 of the hedge funds we track held long positions in this stock, a change of -25% from the third quarter. With the smart money's capital changing hands, there exists a select group of notable hedge fund managers who were increasing their stakes significantly. Of the funds we track, Deerfield Management, managed by James E. Flynn, holds the most valuable position in Dendreon Corporation (NASDAQ:DNDN). Deerfield Management has a $34 million position in the stock, comprising 1.9% of its 13F portfolio. Coming in second is Jacob Gottlieb of Visium Asset Management, with a $24 million position; the fund has 0.8% of its 13F portfolio invested in the stock. Remaining hedge funds that hold long positions include Samuel Isaly's OrbiMed Advisors, Ken Griffin's Citadel Investment Group and D. E. Shaw's D E Shaw.