Deerfield Management TNGX Position
Exited14-Fund ConvergenceDeerfield Management exited their position in Tango Therapeutics Inc. (TNGX) in Q4 2024, after holding the stock for 6 quarters.
The position was first reported in Q3 2023 and has been tracked across 6 quarterly 13F filings.
TNGX is a convergence signal: 14 specialist biotech funds hold this stock, suggesting high institutional conviction.
There is an upcoming Phase 2 readout for TNG462 in 47 days (May 31, 2026), making the timing of Deerfield's position particularly relevant.
Short interest stands at 38.0% of float with 12.2 days to cover, indicating significant bearish positioning against the stock.
About Tango Therapeutics Inc.
Tango Therapeutics, Inc., a biotechnology company, discovers and develops drugs for the treatment of cancer. Its lead program is TNG908, a synthetic lethal small molecule inhibitor of protein arginine methyltransferase 5 that is being developed as a treatment for cancers with methylthioadenosine phosphorylase deletions. The company also develops Ubiquitin-specific protease 1, an inhibitor to treat patients with BRCA1 or BRCA2-mutant cancers; and Target 3 for STK11-mutant cancers. Tango Therapeutics, Inc. has a strategic collaboration with Gilead Sciences, Inc. for the discovery, development, and commercialization of a pipeline of therapies for patients with cancer. The company was founded in 2017 and is based in Cambridge, Massachusetts.
Full company profile →Short Interest
38.0%
12.2 days to cover
Deerfield Management TNGX Position History
Frequently Asked Questions
Does Deerfield Management own TNGX?
No. Deerfield Management exited their position in Tango Therapeutics Inc. (TNGX) in Q4 2024. They previously held the stock for 6 quarters.
How many hedge funds own TNGX?
14 specialist biotech hedge funds currently hold TNGX, including EcoR1 Capital, Boxer Capital, Perceptive Advisors and 11 more. When 3 or more specialist funds hold the same stock, BiotechEdge flags it as a convergence signal.
When did Deerfield Management first buy TNGX?
Deerfield Management's position in TNGX was first reported in Q3 2023. 13F filings are reported with a 45-day delay, so the actual purchase may have occurred earlier in the quarter.
Is Deerfield Management's TNGX position increasing or decreasing?
Deerfield Management completely exited their TNGX position in the most recent quarter.
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