SPHERA FUNDS MANAGEMENT LTD.

Q1 2014 13F-HR Holdings

Location
Tel Aviv, L3
Holdings as of
3/31/2014
Date filed
5/14/2014
Form type
13F-HR
Num holdings
111
Total value ($000)
$438,058
Net value change ($000)
+79,047 (22.0%)
New positions
44
Sold out positions
35
Turnover %
45.6%
Sector allocation + QoQ delta (equities-only)

Holdings aggregated across other managers listed in the original SEC filing. View detailed breakdown

Snapshot: Change Analysis

Compared to Q4 2013
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
NVS 43,024 1784.5%
SNY 33,378 NEW
JNJ 21,250 2976.2%
LLY 17,658 NEW
MRK 16,074 114.7%
PFE 5,933 27.6%
PRGO 5,584 NEW
GSK 5,365 18.3%
UTHR 4,702 NEW
XLE 3,562 NEW
Top Reduces (Value $000, Stocks/ETFs)
SHIRE PLC -9,184 -100.0%
IWM -7,750 -100.0%
INVSC QQQ TRUST SRS 1 ETF -7,098 -100.0%
AAPL -3,097 -100.0%
TEVA -2,757 -45.9%
IRWD -2,619 -65.4%
ITB -2,534 -100.0%
SEE -2,384 -100.0%
BE AEROSPACE INC -2,324 -100.0%
WOO -2,284 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 10,646 (2.4% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type