3D Systems Climbs Despite Setback

Gulf Coast Ultra Deep Royalty Trust (NASDAQ:GULTU), MacroGenics Inc (NASDAQ:MGNX) and 3D Systems Corporation (NYSE:DDD) are making notable gains this Friday. Posting losses today are Bio Blast Pharma Ltd (NASDAQ:ORPN), Tasman Metals Ltd (NYSEMKT:TAS) and Novacopper Inc (NYSEMKT:NCQ).

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Warren Buffett’s 2018 Activist Investment

Berkshire Hathaway Warren BuffettMost investors are aware of Warren Buffett's most high profile long-term investments. However, there is one long term investment that is often overlooked. Q2 2020 hedge fund letters, conferences and more This is building materials maker USG, which was owned by Berkshire Hathaway for more than 17 years before it was acquired in 2018. If Read More


MicroGenics Inc. Continues to Climb

Gulf Coast Ultra Deep Royalty Trust (NASDAQ:GULTU) climbed +23.69% early in the day in the wake of news of a successful production test from Freeport-McMoRan Oil & Gas’ Highlander discovery. GULTU’s surge gives a boost to the investment portfolios of billionaire shareholders Leon Cooperman and John Paulson.

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MacroGenics Inc (NASDAQ:MGNX) rallied +8.45% today, putting its one-month gain at +27.71%. The biopharmaceutical company inked a major deal with Johnson & Johnson on the 22nd. George Soros picked up a position in MacroGenics in the second quarter of the year and as of the third quarter holds 19,000 MGNX shares.

3D Systems Corporation (NYSE:DDD) gained +7.73% today despite suffering a major setback with Google’s comments that it won’t use 3D-printed materials for Project Ara. In the Tiger Global portfolio since 2012, DDD has struggled on the market this year, its price declining -64.87% year-to-date.

Soros Picks Bio Blast, Tasman Metals Tumble

Bio Blast Pharma Ltd (NASDAQ:ORPN) dipped -7.36% early in the day this Friday. The biotech company is a new third quarter acquisition for billionaire George Soros, who during the period purchased 71,000 ORPN shares.

Tasman Metals Ltd (NYSEMKT:TAS) tumbled -6.47% today, putting its YTD loss at -55.15%. The junior resource company is a long-time Soros investment.

Also in the red today is Novacopper Inc (NYSEMKT:NCQ), down -5.61%. The base metals exploration company has been in John Paulson’s portfolio since the second quarter of 2012. Its price has declined -65.79% year-to-date and -18.75% over the past month.

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