Third Security, LLC buys 4, Se

Third Security, LLC recently filed its 13F report for the second quarter of 2022, which ended on 2022-06-30.

The 13F report details the stocks that were in a guru’s stock portfolio at the end of the quarter, although investors should note that these filings are limited in scope, containing only an overview of long stock positions. listed in the United States and American certificates of deposit at the end of the quarter. They are not required to include international holdings, short positions or other types of investments. Yet even this limited repository can provide valuable information.

Third Security, LLC is a venture capital firm based in Radford, Virginia. The company was originally established in 1999 and has grown since its inception to now have locations in San Francisco, West Palm Beach and Greenwich. Third Security is led by CEO and Chairman Randal J. Kirk, who holds majority control of the company, and operates with 22 employees, 12 of whom are investment professionals. The company has a broad valuation outlook and focuses on emerging companies through late-stage investments in life sciences and communications technologies. Third Security focuses on maximizing absolute return and tries to find companies that have a strategic position in its field with the potential for both category dominance and financial return. The company invests almost exclusively in the healthcare sector, which alone accounts for over 97% of its total asset allocations, and also invests in the energy, utilities and telecommunications sectors to a lesser extent. , in descending order of allocation. Third Security’s major holdings include Intrexon Corp., Halozyme Therapeutics Inc., Ziopharm Oncology Inc., Fibrocell Science Inc. and Synthetic Biologics Inc.%. Third Security holds over $2.6 billion in assets under management across 45 accounts, all of which are discretionary accounts. While the company’s total account count has been relatively stable in recent years with some volatility, its total assets under management have grown significantly, from $1.5 billion in 2012 to nearly double that amount today. today. Third Security mainly caters to mutualized investment vehicles, which alone represent more than three quarters of its clientele, and also provides services to high net worth individuals, who make up the rest of its clientele. The company takes performance-based fees and management fees based on commitments and net invested capital.

According to the latest 13F report, the guru’s stock portfolio contained 19 stocks valued at a total of $182.00 million. Top holdings were PGEN (61.44%), AQB (5.02%) and ABBV (3.25%).

According to data from GuruFocus, these were Third Security, LLC’s top five trades in the quarter.

Halozyme Therapeutics Inc

The guru sold his 161,452 share investment in NAS: HALO. Previously, the stock had a weighting of 2.55% in the equity portfolio. The shares traded at an average price of $43.2 during the quarter.

On 7/28/2022, Halozyme Therapeutics Inc traded at a price of $50.52 per share and a market capitalization of $6.97 billion. The stock has returned 21.41% over the past year.

GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 4 out of 10.

In terms of valuation, Halozyme Therapeutics Inc has a price/earnings ratio of 16.87, a price/book ratio of 26.77, an EV/Ebitda ratio of 23.14 and a price/sales ratio of 15.55.

The GF price/value ratio is 0.99, giving the stock a GF value rank of 6.

AbbVie Inc

During the quarter, Third Security, LLC purchased 20,000 shares of NYSE:ABBV for a total equity stake of 38,600. The transaction had a 1.68% impact on the equity portfolio. During the quarter, the stock traded at an average price of $152.95.

On 7/28/2022, AbbVie Inc traded at a price of $149.75 per share and a market capitalization of $264.62 billion. The stock has returned 30.98% over the past year.

GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 10 out of 10.

In terms of valuation, AbbVie Inc has a price/earnings ratio of 21.73, a price/book ratio of 16.43, a price/earnings/growth (PEG) ratio of 1.52, an EV/Ebitda ratio of 13.48 and a price-to-sales ratio of 4.74.

The GF price/value ratio is 1.16, giving the stock a GF value rank of 3.

Chevron Corporation

The guru established a new position worth 20,000 shares in NYSE:CVX, giving the stock a 1.59% weighting in the equity portfolio. The shares traded at an average price of $165.26 during the quarter.

On 7/28/2022, Chevron Corp traded at a price of $150.39 per share and a market capitalization of $295.49 billion. The stock has returned 54.09% over the past year.

GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 7 out of 10.

In terms of valuation, Chevron Corp has a price/earnings ratio of 14.14, a price/book ratio of 2.03, a price/earnings/growth (PEG) ratio of 3.01, an EV/Ebitda ratio of 6.68 and a price-to-sales ratio of 1.65.

The GF price/value ratio is 0.94, giving the stock a GF value rank of 6.

Altria Group Inc.

During the quarter, Third Security, LLC purchased 62,000 shares of NYSE:MO for a total equity stake of 112,000. The transaction had a 1.42% impact on the equity portfolio. During the quarter, the stock traded at an average price of $51.79.

On 7/28/2022, Altria Group Inc traded at a price of $44 per share and a market capitalization of $79.66 billion. The stock has returned -0.04% over the past year.

GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, Altria Group Inc has a price/earnings ratio of 26.81, an EV/EBITDA ratio of 17.21 and a price/sales ratio of 3.84.

The GF price/value ratio is 0.90, giving the stock a GF value rank of 7.

PNC Financial Services Group Inc.

During the quarter, Third Security, LLC purchased 1,000 shares of NYSE:PNC for a total equity stake of 16,000. The transaction had a 0.09% impact on the equity portfolio. During the quarter, the stock traded at an average price of $167.88.

On 7/28/2022, PNC Financial Services Group Inc traded at a price of $162.9 per share and a market capitalization of $66.95 billion. The stock has returned -8.36% over the past year.

GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 6 out of 10.

In terms of valuation, PNC Financial Services Group Inc has a price/earnings ratio of 12.75, a price/book ratio of 1.41, a price/earnings/growth (PEG) ratio of 1.72 and a price ratio /sales of 3.41.

The GF price/value ratio is 0.84, giving the stock a GF value rank of 9.

Please note that figures and facts quoted are at the time of writing this article and may not reflect the latest business data or company announcements.

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