First Manhattan’s Ardelyx ARDX Stock Holding History

First Manhattan’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
2017 Q4	–	Sell	-585,718	Closed	-$3.28M	–	1442
2017 Q3	$3.28M	Sell	585,718 -36,210	-6%	-$191K	0.02%	306
2017 Q2	$3.17M	Sell	621,928 -618,700	-50%	-$5.25M	0.02%	301
2017 Q1	$15.7M	Buy	1,240,628 +19,500	+2%	+$257K	0.09%	141
2016 Q4	$17.3M	Buy	1,221,128 +167,500	+16%	+$2.38M	0.11%	130
2016 Q3	$13.6M	Buy	+1,053,628	New	+$11M	0.08%	152
2015 Q3	–	Sell	-86,031	Closed	-$1.37M	–	1426
2015 Q2	$1.37M	Buy	+86,031	New	+$1.08M	0.01%	392

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

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 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

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

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

First Manhattan's ARDX Position: Q4 2017 in Review

First Manhattan sold out of Ardelyx (ARDX) in Q4 2017, closing a stake of 585,718 shares — an estimated $3.28M sold.

First Manhattan first reported a position in ARDX in Q2 2015 and held it in 6 quarters. The position peaked at $17.3M in Q4 2016. 80 funds tracked by Wall St. Rank hold ARDX as of Q4 2017.

First Manhattan reported no remaining Ardelyx position as of Q4 2017 after selling out during the quarter.
First Manhattan sold 585,718 Ardelyx shares in Q4 2017, an estimated $3.28M.
First Manhattan first reported a position in Ardelyx in Q2 2015 and held it in 6 quarters.
First Manhattan's Ardelyx position peaked at $17.3M in Q4 2016.
80 funds tracked by Wall St. Rank held Ardelyx as of Q4 2017.

Based on First Manhattan's 13F filing for Q4 2017, filed 22 Jan 2018.