Cormorant Asset Management’s Ardelyx ARDX Stock Holding History

Cormorant Asset Management’s Portfolio ARDX Stock Details ARDX Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-572,738	Closed	-$3.78M	–	53
2017 Q4	$3.78M	Hold	572,738	–	–	0.4%	42
2017 Q3	$3.21M	Sell	572,738 -850,000	-60%	-$4.48M	0.57%	40
2017 Q2	$7.26M	Sell	1,422,738 -500,000	-26%	-$4.24M	1.2%	26
2017 Q1	$24.3M	Sell	1,922,738 -149,226	-7%	-$1.96M	3.53%	6
2016 Q4	$29.4M	Hold	2,071,964	–	–	3.97%	7
2016 Q3	$26.8M	Buy	2,071,964 +572,738	+38%	+$6M	2.96%	9
2016 Q2	$13.1M	Buy	1,499,226 +18,151	+1%	+$148K	1.86%	19
2016 Q1	$11.5M	Hold	1,481,075	–	–	1.73%	21
2015 Q4	$26.8M	Hold	1,481,075	–	–	3.21%	7
2015 Q3	$25.6M	Hold	1,481,075	–	–	4.09%	5
2015 Q2	$23.7M	Buy	1,481,075 +467,290	+46%	+$5.89M	3.14%	9
2015 Q1	$13.3M	Sell	1,013,785 -39,715	-4%	-$744K	2.05%	15
2014 Q4	$19.9M	Buy	1,053,500 +664,800	+171%	+$15.4M	3.07%	8
2014 Q3	$5.52M	Buy	+388,700	New	+$5.62M	1.14%	23

Other funds holding ARDX

NMC

NEA Management Company Timonium, Maryland $1.59B AUM 234.06% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Deerfield Management New York $9.59B AUM 113.36% 1-Year Est. Return

RSCM

Rock Springs Capital Management Baltimore, Maryland $2.05B AUM 161.37% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

MWNA

Marshall Wace North America New York $23.5B AUM 46.46% 1-Year Est. Return

Opaleye Management Boston, Massachusetts $1.1B AUM 197.64% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

Cormorant Asset Management's ARDX Position: Q1 2018 in Review

Cormorant Asset Management sold out of Ardelyx (ARDX) in Q1 2018, closing a stake of 572,738 shares — an estimated $3.78M sold.

Cormorant Asset Management first reported a position in ARDX in Q3 2014 and held it in 14 quarters. The position peaked at $29.4M in Q4 2016. 80 funds tracked by Wall St. Rank hold ARDX as of Q1 2018.

Cormorant Asset Management reported no remaining Ardelyx position as of Q1 2018 after selling out during the quarter.
Cormorant Asset Management sold 572,738 Ardelyx shares in Q1 2018, an estimated $3.78M.
Cormorant Asset Management first reported a position in Ardelyx in Q3 2014 and held it in 14 quarters.
Cormorant Asset Management's Ardelyx position peaked at $29.4M in Q4 2016.
80 funds tracked by Wall St. Rank held Ardelyx as of Q1 2018.

Based on Cormorant Asset Management's 13F filing for Q1 2018, filed 15 May 2018.