Avid Bioservices Inc (CDMO)

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Driehaus Capital Management took a new position in Avid Bioservices Inc. in the third quarter, buying 1.6 percent of the company's outstanding stock.
For the company's full holders list, click here.
The hedge fund manager bought 881,891 shares with a current market value of $4.47 million, according to its 13F filing with the Securities and Exchange Commission.
Driehaus Capital Management LLC initiated 18 other positions in the health care sector during the quarter, bringing its total to 77 companies. At the end of the quarter, they comprised 21 percent, or $682 million, of the hedge fund manager's total equity holdings of $3.25 billion disclosed in the 13F.
Avid Bioservices traded at $5, up 29 percent year to date.
Bloomberg analyzed more than 4,300 institutional investors that are required to disclose their U.S. equity investments to the Securities and Exchange Commission each quarter. An algorithm searched for investors that had reported purchasing at least 1 percent of a company's shares in its latest filing and showed no holdings in the stock in the previous filing.