Palo Alto Investors, LLC

Q1 2014 13F-HR Holdings

Location
Palo Alto, CA
Holdings as of
3/31/2014
Date filed
5/15/2014
Form type
13F-HR
Num holdings
35
Total value ($000)
$1,208,816
Net value change ($000)
+136,805 (12.8%)
New positions
4
Sold out positions
3
Turnover %
4.0%
Sector allocation + QoQ delta (equities-only)

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)
INTERMUNE INC 91,630 162.9%
AUXILIUM PHARMACEUTICALS 30,363 30.0%
CELLADON CORP 17,779 NEW
VNDA 12,060 30.0%
ALIMERA SCIENCES INC 11,596 67.9%
OREXIGEN THERAPEUTICS INC 10,849 NEW
QUESTCOR PHARMACEUTICALS INC COM 10,459 19.9%
CUBIST PHARMACEUTICALS INC 8,138 8.8%
PRTA 6,164 43.3%
RIGL 5,189 34.9%
Top Reduces (Value $000, Stocks/ETFs)
UTHR -20,341 -16.4%
CYBERONICS -15,975 -12.5%
ABIOMED INC -14,512 -20.2%
VIROPHARMA INC -14,502 -100.0%
AMAG -11,524 -26.9%
MOMENTA PHARMACEUTICALS INC -5,142 -25.1%
STAA -3,278 -6.3%
BMRN -1,272 -2.4%
FOLD -1,199 -12.7%
AVEO PHARMACEUTICALS, INC. -478 -18.3%
Instrument mix + QoQ Δ (ex-options)
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