Rock Springs Capital CRL Position
Exited4-Fund ConvergenceRock Springs Capital exited their position in Charles River Laboratories International Inc. (CRL) in Q3 2024, after holding the stock for 3 quarters.
The position was first reported in Q1 2024 and has been tracked across 3 quarterly 13F filings.
CRL is a convergence signal: 4 specialist biotech funds hold this stock, suggesting high institutional conviction.
Short interest stands at 10.7% of float with 5.2 days to cover, indicating significant bearish positioning against the stock.
About Charles River Laboratories International Inc.
Charles River Laboratories International, Inc., a non-clinical contract research organization, provides drug discovery, non-clinical development, and safety testing services in the United States, Europe, Canada, the Asia Pacific, and internationally. It operates through three segments: Research Models and Services (RMS), Discovery and Safety Assessment (DSA), and Manufacturing Solutions (Manufacturing). The RMS segment produces and sells rodent research model strains and purpose-bred rats and mice for use by researchers. This segment also provides a range of services to assist its clients in supporting the use of research models in research and screening non-clinical drug candidates, including research models, genetically engineered models and services, insourcing solutions, and research animal diagnostic services. The DSA segment offers early and in vivo discovery services for the identification and validation of novel targets, chemical compounds, and antibodies through delivery of non-clinical drug and therapeutic candidates ready for safety assessment; and safety assessment services, such as toxicology, pathology, safety pharmacology, bioanalysis, drug metabolism, and pharmacokinetics services. The Manufacturing segment provides in vitro methods for conventional and rapid quality control testing of sterile and non-sterile pharmaceuticals and consumer products. This segment also offers specialized testing of biologics that are outsourced by pharmaceutical and biotechnology companies; and avian vaccine services that provide specific-pathogen-free (SPF) fertile chicken eggs, SPF chickens, and diagnostic products used to manufacture vaccines. The company also provides contract vivarium operation services to biopharmaceutical clients. Charles River Laboratories International, Inc. was founded in 1947 and is headquartered in Wilmington, Massachusetts.
Full company profile →Short Interest
10.7%
5.2 days to cover
Rock Springs Capital CRL Position History
Frequently Asked Questions
Does Rock Springs Capital own CRL?
No. Rock Springs Capital exited their position in Charles River Laboratories International Inc. (CRL) in Q3 2024. They previously held the stock for 3 quarters.
How many hedge funds own CRL?
4 specialist biotech hedge funds currently hold CRL, including Redmile Group, Perceptive Advisors, Driehaus Capital and 1 more. When 3 or more specialist funds hold the same stock, BiotechEdge flags it as a convergence signal.
When did Rock Springs Capital first buy CRL?
Rock Springs Capital's position in CRL was first reported in Q1 2024. 13F filings are reported with a 45-day delay, so the actual purchase may have occurred earlier in the quarter.
Is Rock Springs Capital's CRL position increasing or decreasing?
Rock Springs Capital completely exited their CRL position in the most recent quarter.
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